Category: News

NGP Expands Energy Transition Team, Hiring Industry Veterans David Colt and Maritza Liaw

July 15, 2021 08:30 AM Eastern Daylight Time DALLAS–(BUSINESS WIRE)–NGP today announced that David Colt and Maritza Liaw are joining the firm as Partners, focusing exclusively on energy transition investing through NGP ETP, NGP’s energy transition platform. Mr. Colt was previously a Principal with CPP Investments, where he was responsible for developing and executing a late-stage venture and growth equity investment strategy in energy transition. Prior to joining CPP Investments, Mr. Colt was the Vice President of Corporate Development and

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Solar Industry Veterans Launch Segue Sustainable Infrastructure to Capitalize Development Stage Renewable Energy Projects

Close over $100 million in commitments from NGP Energy Technology Partners III and management   SAN FRANCISCO, July 14, 2021 /PRNewswire/ — Solar energy industry veterans David Riester and Joseph Song have launched Segue Sustainable Infrastructure to provide development capital to renewable energy and energy storage projects. Riester previously led project finance for Cypress Creek Renewables and co-founded GSSG Solar and Lacuna Sustainable Investments. Song led the engineering team at SunEdison and later held an executive leadership role at Sol Systems where he oversaw engineering, development, and

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Mesa Royalties II Announces Mineral and Royalty Acquisition of Acreage in the Haynesville Shale Play

July 08, 2021 02:48 PM Eastern Daylight Time HOUSTON–(BUSINESS WIRE)–Mesa Royalties II, LLC (“Mesa II”) is pleased to announce it has closed on the acquisition of a mineral and royalty portfolio containing ~15,000 net royalty acres in the core of the Haynesville shale play from an undisclosed seller. The acquired asset contains 472 existing PDP wells, and the projected asset cash flow for the next twelve months is ~$30 million. Mesa II is a mineral and royalty acquisition company led

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Bird Rolls Out Bike Sharing Platform

By Nat Rubio-Licht Wednesday, June 23, 2021   Bird Rides Inc. is putting its foot on the pedal. The Santa Monica-based micromobility company announced the launch of its bike sharing service on June 23. The company will roll out Bird Bikes, which feature electric motors, LED headlights and diagnostic technology to monitor the bike’s health, in the United States and Europe throughout the rest of 2021. TechCrunch reported that Cleveland will be one of the first markets to receive the bikes.

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Mesa Minerals Partners II Announces Partnership with NGP

HOUSTON–(BUSINESS WIRE)–Mesa Minerals Partners II, LLC (“Mesa II”) is pleased to announce it has raised $150 million of aggregate equity commitments from NGP through NGP Natural Resources XII, L.P. and NGP Royalty Partners, L.P. Mesa II is a mineral and royalty acquisition company led by Darin Zanovich (President & CEO), Greg Balash (COO & EVP Engineering), Michelle Massaro (EVP Finance) and Josh Wiener (EVP Land). Darin Zanovich, President & CEO of Mesa II, commented, “We are excited to partner with

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Orennia Closes Series A Funding

Investment will enable Orennia to rapidly grow its team, while continuing to support the most sophisticated renewable power investors in the world. CALGARY, AB, May 18, 2021 /PRNewswire/ – Orennia, a technology company focused on the renewable power sector, today announced the closing of their Series A funding. Quantum Energy Partners, Global Reserve Group, NGP Energy Technology Partners III, and Stronghold Resource Partners were all significant investors. The financing will enable Orennia to scale rapidly as it provides highly innovative analytics in the

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Voltus Raises $31 Million to Unleash the Full Potential of Distributed Energy Resources

Thu, May 13, 2021, 3:00 AM SAN FRANCISCO, CA / ACCESSWIRE / May 13, 2021 / Voltus, Inc. today announces the closing of a $31 million Series C financing. The round was led by Activate Capital and included existing investors NGP Energy Technology Partners III, Prelude Ventures, and Ajax Strategies, bringing Voltus’s total equity financing to date to over $65 million. Raj Atluru, Co-founder and Managing Director at Activate Capital joins Voltus’s Board of Directors alongside fellow investors Philip Deutch, Veery

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Bird Plans IPO That Values Company at $2.3 Billion

Bird Rides Inc., the Santa Monica-based electric scooter company that tabled aggressive expansion plans during the pandemic, said May 12 it will become a publicly traded company through a merger with a Dallas-based blank check company run by oil and gas executives looking for a clean energy combination. The combination would value the scooter company at $2.3 billion with Bird listing on the New York Stock Exchange. The company will be renamed Bird Global once the deal closes in the

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Persefoni’s carbon accounting platform raises $9.7 million

The carbon accounting and management platform Persefoni now has $9.7 million more in funding to support its international expansion, product development, and recruitment efforts. The round, led by Rice Investment Group with participation from NGP ETP, the electricity, renewable and sustainability-focused investment arm of the oil and gas and power focused investment fund NGP, comes only about six months after the startup’s initial launch in August. Founded only last January, Persefoni touts its tools to assemble, calculate, manage, and report organizational carbon footprints.

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Voltus Raises $25M to Grow Leadership Position in Distributed Energy Resources in Financing Round Led by NGP Energy Technology Partners III

Voltus, Inc., the leading distributed energy resources (DER) platform, today announced it has raised $25 million in a Series B financing. The round was led by NGP Energy Technology Partners III (“NGP ETP III”) and included existing investors Prelude Ventures and Ajax Strategies. The funding will be used to create more jobs, develop additional products, and enter new markets, allowing Voltus to increase its leadership position delivering cash to commercial and industrial customers via innovative DER solutions. Since its founding

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