Arab Energy Fund Invests $120M in MidOcean Energy's LNG Expansion
MidOcean Energy secured a $120 million equity commitment from The Arab Energy Fund, part of its $2 billion target to expand its global LNG portfolio. The investment, announced on May 21 2026, underscores growing interest in LNG as a strategic energy source. MidOcean, which already holds stakes in several LNG projects, aims to continue raising capital for further growth.
Constellation Energy Acquires Minority Stake in Pine Creek RNG's Five Renewable Natural Gas Plants
Constellation Energy Corp and Pine Creek RNG LLC have signed an agreement under which Constellation will acquire a minority stake in Pine Creek's five renewable natural gas facilities. The deal expands Constellation's RNG portfolio and supports its decarbonization strategy. Financial...
Spearmint Energy Secures $450M Project Financing for Red Egret BESS in Texas
Spearmint Energy closed approximately $450 million in project financing to fund its 300 MW/600 MWh Red Egret battery energy storage system in Texas. The financing package includes construction debt, tax equity and capital to support build‑out and long‑term operation. The deal positions Spearmint...
GridStor Acquires Accelergen's 199MW Birdseye Battery Project in Colorado
GridStor announced it has acquired the Birdseye battery storage project, a 199 MW/796 MWh facility in Adams County, Colorado, from Accelergen. The financial terms were undisclosed, and the project is slated to start operations in late 2028. This marks GridStor's second acquisition...
Comet Ridge Amends Terms for Mahalo Gas Project Acquisition, Reducing Cash to $18M
Comet Ridge (ASX: COI) amended its agreement to acquire a 42.86% stake in the Mahalo Gas Project from Santos QNT, cutting upfront cash to $18 million, adding $10 million in shares and up to $30 million contingent on gas‑sales milestones, and extending funding...
Chord Energy Makes Strategic Investment in MaverickX to Accelerate PetroX Boost Shale Recovery Technology
Chord Energy announced a strategic investment in MaverickX, with participation from Olive Tree Capital, to fund the development and field deployment of PetroX Boost, a shale production‑enhancement technology. The capital will support further optimization and commercialization across Chord‑operated assets in the...
Kpler Acquires African Downstream Specialist CITAC
Kpler, a global energy analytics and trade intelligence firm, has completed the acquisition of African downstream specialist CITAC, expanding its coverage of refining, fuel trading and product flows across Africa. The undisclosed deal gives Kpler access to CITAC’s regional network...
Devon Energy Secures Over Half of $4B Permian Federal Lease Sale
Devon Energy bought more than half of a record $4 billion lease sale of oil and gas drilling rights on federal lands in New Mexico and Texas. The sale, announced by the U.S. Bureau of Land Management, marks a major acquisition for...
Star Catcher Industries Secures $65M Series A Funding
Star Catcher Industries, the developer of the first orbital power grid, raised $65 million in an oversubscribed Series A round led by B Capital and co‑led by Shield Capital and Cerberus Ventures. The funding brings total capital raised to $88...
Texture Raises $12.5M to Tackle the Operational Complexity of the Modern Grid
Grid‑software platform Texture announced a $12.5 million Series A round on May 20, co‑led by VoLo Earth Ventures and Equal Ventures, with participation from Lerer Hippeau and Abstract Ventures. The funding will support platform expansion and team growth for utilities and co‑ops, bringing total...
OCI Energy Secures Construction Financing From ING for 120 MW Alamo City Battery Storage Project
OCI Energy’s 120 MW Alamo City Battery Energy Storage System in Bexar County, Texas, has broken ground, with ING providing construction financing. The project, owned by OCI Energy and operated by CPS Energy, will deliver 480 MWh of storage capacity to support...
British International Investment and Copenhagen Infrastructure Partners Launch $300M North Star Renewable Energy Fund in India
British International Investment (BII) and Copenhagen Infrastructure Partners (CIP) have launched North Star, a $300 million renewable energy platform in India, with each committing up to $150 million. The fund will invest in solar, wind, hybrid and storage projects, targeting over 4 million MWh...
Industry Leaders Commit $239M to Hydrogen-Powered Aviation Alliance
Airbus, Bristol Airport, easyJet and Rolls‑Royce have pledged a combined £188 million (≈$239 million) to the Hydrogen in Aviation Alliance (HIA) to fund R&D for hydrogen‑powered regional flights in the UK through 2028. The investment, announced on 19 May 2026, aims to accelerate fuel‑cell...
Hull Street to Acquire FirstLight USA From PSP Investments
Hull Street announced it will acquire FirstLight USA from PSP Investments, adding a portfolio of nearly 1,400 MW of clean, reliable generation in the Northeast to its assets. The transaction expands Hull Street's renewable energy footprint.
Enka Energy Transition Acquires 150 MWh BESS Project From BattMan Energy in Denmark
Enka Energy Transition, an investor in energy storage, has completed the acquisition of a 50 MW/150 MWh battery energy storage system project in Denmark from developer BattMan Energy. The transaction secures the project for Enka, with construction slated for Q1 2028, expanding its...