Alan Neuhauser

Providence

Climate Deals for @AxiosPro. Bylines: @nytimes @wsj @washingtonpost. Priors: @cheddar @usnews @dnainfo. [email protected]. DM for Signal.

Articles

CIP-BKV carbon capture deal is a $500M bet on tax credits

5 days ago | axios.com | Alan Neuhauser

Copenhagen Infrastructure Partners has announced it's investing $500 million to form a carbon-capture joint venture in the U.S. with Denver-based natural gas producer BKV. Why it matters: CIP and BKV are wagering federal tax credits for carbon capture will survive intense GOP efforts to erase most climate subsidies. Driving the news: The joint venture plans to develop smaller carbon capture projects for natural gas processing sites in the next 18-24 months, BKV CEO Chris Kalnin tells Axios.
Small reactor (SMR) project pipeline swells 42%, per Wood Mackenzie

6 days ago | axios.com | Alan Neuhauser

Planned global small nuclear reactors expanded 42% in the first quarter to 47 gigawatts, a Wood Mackenzie report first shared with Axios shows. Why it matters: Three U.S. companies account for nearly two-thirds of the planned projects. By the numbers: The pipeline of small modular reactor (SMR) projects climbed 14 GW from Q4 to Q3, per the Wood Mackenzie report.
Tariffs uncertainty is starting to chill solar investment

1 week ago | axios.com | Alan Neuhauser

Solar energy investors are slowing dealmaking amid intense uncertainty from new and proposed tariffs under President Trump, investors and analysts tell Axios. Why it matters: Solar made up the lion's share of U.S. electricity growth each of the past two years. Flashback: Solar last year accounted for 60% of new electricity generation added to U.S. electric grids, and 90% of renewables overall. The latest: New and proposed tariffs threaten both investment and deployment.
How XPV plans to invest $625M in the water sector

1 week ago | axios.com | Alan Neuhauser
General Fusion CEO Greg Twinney sends open letter for funding

1 week ago | axios.com | Alan Neuhauser

General Fusion, a Canadian fusion energy developer backed by billionaire Jeff Bezos, published an open letter Monday calling for investors. Why it matters: The unusual public plea signals that one of the most well-funded fusion energy developers is struggling to use private capital to commercialize its tech.
Scoop: Materials Nexus preparing to raise up to $30M for materials discovery

1 week ago | axios.com | Alan Neuhauser
Exclusive: Janet Yellen on joining climate-focused VC firm

1 week ago | axios.com | Alan Neuhauser

Janet Yellen, the former Treasury secretary and Federal Reserve chair, on Thursday joined the advisory board of the Angeleno Group, a climate-focused venture capital firm. Why it matters: Yellen oversaw implementation of a big swath of the Inflation Reduction Act, which contained a broad array of tax credits for low-carbon energy. Yellen, who has cited tariff risks previously, speaks exclusively to Axios about to the challenges the administration's climate strategy put on the table.
Lilac Solutions raising $200M for Waterleaf Resources DLE plant

2 weeks ago | axios.com | Alan Neuhauser

Lilac Solutions is raising about $200 million to build its first commercial lithium production plant in Utah, a source familiar with the effort tells Axios. Why it matters: Plans for the country's second direct lithium extraction plant come as the Trump administration seeks to boost domestic minerals production. Zoom in: Lilac is selling equity in a wholly owned subsidiary — Waterleaf Resources — that is developing the plant on the Great Salt Lake.
Jigar Shah, Jonathan Silver launching new firm

2 weeks ago | axios.com | Alan Neuhauser
Small reactor startup Aalo Atomics raising $100M to mass-produce SMRs

2 weeks ago | axios.com | Alan Neuhauser

Aalo Atomics, a startup aiming to mass-manufacture nuclear power plants, is raising a $100 million Series B to develop an experimental reactor, a source familiar with the fundraise tells Axios. Why it matters: The Department of Energy is considering opening 16 federal sites to data centers with on-site power, offering "fast-track permitting for new energy generation such as nuclear."Driving the news: Aalo launched the raise in March and expects to close the round in "mid-2025," the source says.