Energy Synergy

Energy Synergy

The new wave in clean-energy tech is accelerating faster than Friday afternoon traffic on a Dallas expressway. And more private equity firms and their investors want in on the ground floor. Reese Energy Consulting today starts with the latest news from Texas-based Energy Transition Ventures, which this week launched as the first venture fund in the state dedicated exclusively to investing in new early-stage cleantech startups. With backing from conglomerate GS Group of Korea and a fund size of $75 million, ETV is ripe to cherry pick the latest innovations. N.C.-based developer 8 Rivers and startup NET Power have just announced plans to build the nation’s first zero-emission gas power plants using a new evolutionary power cycle that produces only liquid water and a stream of high-purity, pipeline-ready CO2. The Allam-Felvedt Cycle technology will enable utilities to still burn natural gas while capturing emissions, burying them underground, and offering lower-cost electricity. The firm’s $150 million 50MWth demonstration facility operates in La Porte, Texas.

 

Energy Transitions Ventures

Early stage Texas and Silicon Valley venture capital investor in startups benefiting from or driving the energy transition.

energytransitionventures.com

What do you think? Learn more about REC and our natural gas expertise and services at www.ReeseEnergyConsulting.com.

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New Mexico Lowers Gavel on Flaring

New Mexico Lowers Gavel on Flaring

​Flaring and venting gas in N.M.’s upstream and midstream operations are a hotly debated issue among operators, activists, the new Administration, state regulators, and a divided populace. For some perspective, N.M., in 2020 collected $2.6 billion in oil and gas revenues—36% of its total revenues—to fund schools and infrastructure. Reese Energy Consulting today is following the latest news from the Land of Enchantment state, which now has finalized new rules to ban routine flaring by 2026. Methane leaks and flared gas not only are harmful to the environment, but also a source of lost revenue. REC’s natural gas expertise has prompted numerous E&Ps and midstreamers to engage us and help them navigate new policy changes to get ahead of drop-dead compliance dates. This means everything from in-depth research, strategic planning, and economic cost analysis, to identifying and vetting the best emissions-control technologies that return hefty revenues.

How can we help you? Learn more about REC and our natural gas services and operations expertise at www.ReeseEnergyConsulting.com.

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A Big Cha-Ching in Pipeline Land

A Big Cha-Ching in Pipeline Land

Boston-based private equity firm ArcLight may have just scored the investment deal of a lifetime. Reese Energy Consulting today is following the latest news from Houston-based Kinder Morgan and equity partner Brookfield Infrastructure Partners, which now have sold a 25% joint interest in Natural Gas Pipeline Company of America for $830 million. The enterprise value of that minority interest, however, is more in the neighborhood of $5.2 billion. NGPL not only ranks as the largest natural gas pipeline to serve high-demand Chicago-area markets, it’s also one of the largest in the nation at more than 9,100 miles. The system provides customer access to all major gas supply basins, interconnects with numerous intrastate and interstate systems, and offers 288 BCF of storage. Upon closing next month, KM and Brookfield each will retain a $37.5% interest in NGPL, and Kinder Morgan will continue to operate the pipeline. Boston-based ArcLight Capital Partners manages energy investments focused on midstream, power, and production infrastructure.

 

Arclight Capital

Founded in 2001, ArcLight helped pioneer an asset-based private equity approach to investing in the dynamic energy sector. They have invested approximately $23 billion in 110 transactions since inception, generating strong realized returns for their limited partners from 69 exits across diverse market cycles.

www.arclight.com

What do you think? Learn more about Reese Energy Consulting and our wealth of natural gas services and expertise at www.ReeseEnergyConsulting.com.

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