Category: News

Ojjo’s Earth Truss System Cuts Steel Volume and Labor Costs and Speeds Construction: Funding Supports Company’s Expansion to Execute on 9-GW Project Pipeline SAN RAFAEL, Calif., Sept. 20, 2022 /PRNewswire/ — Ojjo, the leading provider of next-generation solar foundations, has closed a $40 million Series C funding round led by NGP ETP, the energy transition investing platform of NGP, with Ajax Strategies also participating. In addition, James Wallis, Partner at NGP, has joined Ojjo’s Board of Directors. The new funding will accelerate Ojjo’s growth and execution on its 9-Gigawatt active

Highly Accretive Expansion in Northern Delaware Basin Meaningfully Increases Scale THE WOODLANDS, Texas, June 28, 2022 /PRNewswire/ — Earthstone Energy, Inc. (NYSE: ESTE) (“Earthstone” or the “Company”) today announced that it has entered into an agreement (the “Agreement”) to acquire the New Mexico assets of Titus Oil & Gas Production, LLC and Titus Oil & Gas Production II, LLC and their affiliates (collectively, “Titus“) located in the northern Delaware Basin (the “Titus Acquisition”). Titus is privately held with sponsorship by investment funds managed by NGP Energy Capital Management, LLC. The aggregate

DENVER and MIDLAND, Texas, May 19, 2022 (GLOBE NEWSWIRE) — Centennial Resource Development, Inc. (“Centennial” or the “Company”) (NASDAQ: CDEV) and Colgate Energy Partners III, LLC (“Colgate”) today announced they have entered into an agreement to combine in a merger of equals transaction. The combined company will be the largest pure-play E&P company in the Delaware Basin with approximately 180,000 net leasehold acres, 40,000 net royalty acres and total current production of approximately 135,000 Boe/d. The combined company plans to

MILPITAS, Calif.–(BUSINESS WIRE)–GridX, the leading enterprise rate platform provider to modern utilities and energy technology companies, today announced it has closed $40 million in Series C funding led by Energy Impact Partners (EIP), a global investment platform leading the transition to a sustainable energy future. Moore Strategic Ventures (MSV), Sunfox Capital and NGP ETP also participated in the round with Hunter Horgan of MSV joining the company’s board of directors. GridX also announced that Chris Black has been appointed CEO of GridX. Both moves aim to speed the

October 21, 2021 10:00 AM Eastern Daylight Time WATERTOWN, Mass.–(BUSINESS WIRE)–Via Separations, a rapidly-scaling technology company that enables industrial decarbonization, announced a $38 million investment, led by NGP ETP, a growth equity investor focused on opportunities in the global transition toward a lower carbon economy. 2040 Foundation also participated in the round, alongside existing investors, including: The Engine, Safar Partners, Prime Impact Fund, Embark Ventures and Massachusetts Clean Energy Center. The new capital will be used to drive deployment in the pulp and paper sector and accelerate platform expansion

SEATTLE, Aug. 25, 2021 /PRNewswire-PRWeb/ — Today, LevelTen Energy, the leading provider of renewable transaction infrastructure, announced a $35 million Series C funding round led by NGP ETP, with participation from My Climate Journey (MCJ) Collective, as well as nearly all of LevelTen’s existing investors, including Avista Development, Constellation Technology Ventures, Equinor Ventures, Founders’ Co-op, Prelude Ventures, Techstars, TotalEnergies Ventures and Wireframe Ventures. In addition, Google participated as part of its goal of supporting innovative solutions that help enable businesses of all sizes, including

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

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

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

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.