In August 2021, NGP ETP led the $35 million Series C financing of LevelTen Energy (“LevelTen”). We need to remove development bottlenecks, build five times more wind and solar energy every year Wind and solar are now the lowest-cost new power source for two-thirds of the global population. In 2020,
In October 2021, NGP ETP led the $38 million Series B financing in Via Separations (“Via”). In the US, roughly 15% of energy is consumed by industrial separation processes, roughly the same amount of energy as all the gasoline used for transportation. While there is a path to reducing transport
Centennial Resource Development and Colgate Energy to Combine, Creating $7.0 Billion Permian Basin Pure-Play
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
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
NGP and its employees support the communities in which we live and operate through a variety of charitable causes. As a firm, NGP has focused support on children, education and improved economic opportunities. NGP employees are encouraged to give back to their communities financially and through our annual service day. The firm will continue that practice through philanthropic efforts and employee volunteerism.
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