Whitehawk Energy, the Philadelphia-based upstream asset manager, has raised $50m from new investors to deploy into energy transition assets, sources told ReSource.
The firm, which manages natural gas royalty and mineral assets in Pennsylvania, West Virginia, Louisiana and Texas, will spend the money over a 24-month period, sources said. The vehicle was finalized in June; so far the firm has looked at one CCS project in North Dakota.
The funding will allow Edmonton-based Aurora to focus on scaling and piloting its technology that converts methane to hydrogen and solid carbon with no emissions or water use.
The Canadian government has announced CAD $11m in funding for nine projects — $2.5m in funding for small modular reactor research and $8.5m to support innovation in Canada’s clean hydrogen sector.
California Resources management is evaluating equity investments in four California hydrogen and ammonia projects, starting with Lone Cypress, a 30-tons-per-day blue hydrogen facility.
A natural gas company has tapped an advisor and is planning to launch a process to raise project equity in the fall for a blue hydrogen production facility with contracted offtake in Pennsylvania.
Nick Stork, the founder of Archaea Energy, so far one of the biggest success stories in the renewable natural gas arena, plans to invest his own money – and raise money from LPs – for a fund focused on repeatable machines in the energy transition.
A modular green ammonia firm has hired a boutique investment bank and has launched a roughly $150m capital raise.
