Pelican Energy Partners, the Houston-based private equity firm, is raising its fourth fund to focus on nuclear energy services, a source told ReSource.
The fund is targeted at $300m, but will likely oversubscribe, the source said. The placement agent is Calpa.
The fund is the firm’s fourth and the first not focused on oilfield services, the source said. The vehicle is the first energy transition-focused effort from Pelican.
Pelican and Calpa did not respond to requests for comment.
LSB executives said they have paused a green ammonia project due to expected capital costs and a lack of clarity on tax credit incentives. But they detailed plans for a blue ammonia facility, including spending some $150m of cash over three years to fund their equity portion of the project, which was recently proposed for the Houston Ship Channel.
Ontario Teachers has acquired a majority stake in the RNG developer and made a capital commitment of $250m.
The new funding will enable Verne to accelerate development of their cryo-compressed hydrogen technology for on-board hydrogen storage for heavy-duty vehicles.
Publicly listed Verde Clean Fuels plans to seek equity and debt investors for low-carbon gasoline refineries it expects to deploy across the US. We spoke to CEO Ernest Miller about the strategy.
The developer of a potentially massive network of green hydrogen production, transport and salt cavern storage — estimated to cost billions — is seeking banks to support a project debt raise.
A renewable fuels firm with operations in California has hired a bulge bracket bank to raise project and platform capital for new developments in the Gulf Coast.
