Alan Neuhauser

Providence

Reporter at Axios

Climate Deals for @AxiosPro. I've moved to Bluesky: https://t.co/LY2cglFS2Q. DM for Signal.

Articles

Morgan Stanley Insight M investment aims at methane M&A

1 week ago | axios.com | Alan Neuhauser

Insight M, a BlackRock-backed startup using aircraft to detect methane leaks, plans to use $30 million from Morgan Stanley Investment Management to buy other emissions startups, CEO David Bercovich tells Axios Pro. Why it matters: The startup is eyeing dozens of companies that it says aren't generating meaningful revenue. Driving the news: Morgan Stanley's asset management arm is leading Insight M's ongoing Series E through its sustainability-focused 1GT fund, the company announced Friday.
How Spring Lane is hedging against green policy upheaval

1 week ago | axios.com | Alan Neuhauser

States can roll back green incentives just as easily as the federal government — but all those statehouses give investors an opportunity to diversify their risk, Spring Lane Capital co-founder Rob Day tells Axios Pro. Why it matters: The Boston-based investment firm is one of the few to focus solely on sustainable infrastructure. This interview was edited for length and style. Where are you focusing at the moment? "Waste-to-value, we see compelling stuff that hasn't caught on yet.
Why the Senate and the House killed the 45V hydrogen tax credit

1 week ago | axios.com | Alan Neuhauser

Republican congressional lawmakers made clear there's one green energy sector they have no patience for: hydrogen production. Why it matters: U.S. venture and growth equity investors poured nearly $8 billion into hydrogen since 2022, per PitchBook data. Plug & Play Tech Center, Breakthrough Energy Ventures, Climate Capital, SOSV and Kleiner Perkins were the most active funders.
These are the winners and losers of the Senate's IRA rollback

1 week ago | axios.com | Alan Neuhauser

Climate investors and founders had hoped the Senate would temper the House's deep cuts to green subsidies, especially for hydrogen production. It didn't. Why it matters: Nuclear power, geothermal energy, and biofuels production are among the few winners of the Senate's proposed rollback of former President Biden's signature climate law. The big picture: If House Republicans last month took a sledgehammer to the IRA, Senate lawmakers have merely wrapped the mallet in thin padding.
Exclusive: Budderfly closes $100M financing from Nuveen

1 week ago | axios.com | Alan Neuhauser

Axios Pro Exclusive ContentIllustration: Natalie Peeples/AxiosBudderfly, which upgrades commercial buildings to cut energy and water consumption, has closed $100 million in debt from Nuveen, CEO Al Subbloie tells Axios Pro. Why it matters: The deal pushes Budderfly's equity and debt financing past $1 billion. How it works: Budderfly offers what's known as energy-as-a-service.
IRA rollback will increase energy prices, Avangrid CEO says

2 weeks ago | axios.com | Alan Neuhauser

One thing is certain about Republicans' planned rollback of green subsidies: energy prices "will go up," Avangrid CEO Pedro Azagra tells Axios Pro. Why it matters: Avangrid owns and operates eight utilities in New York and New England. State of play: The Orange, Conn.-based company, which runs 75 power plants across 24 states, announced a $20 billion grid upgrade plan this spring. This interview was edited for length. How is Avangrid adapting to both policy uncertainty and enormous power demand?
Runwise raises $55M led by Menlo to cut building energy consumption

2 weeks ago | axios.com | Alan Neuhauser

Runwise, which develops hardware and software to manage building energy and water consumption, raised $55 million in equity and debt, CEO Lee Hoffman tells Axios Pro. Why it matters: Buildings generate 39% of global greenhouse gas emissions. The big picture: Plenty of startups and established companies have developed controls technology to make buildings greener, especially large ones like in New York City.
Private equity firm EQT to buy biomethane producer Waga

3 weeks ago | axios.com | Dan Primack |Alan Neuhauser

Illustration: Gabriella Turrisi/AxiosPrivate equity firm EQT on Friday said it'sagreed to acquire Waga Energy, via a two-part deal that would value the French biomethane producer at over $600 million. Why it matters: This could set up expansion for Waga into the U.S., where biomethane may be one of the few types of renewables unhampered by the Trump administration — given that it utilizes existing natural gas infrastructure.
Power companies and investors look for safe data center deals

3 weeks ago | axios.com | Alan Neuhauser

Data centers have unleashed soaring electricity demand, but power providers are still searching for safe harbors amid intense policy and investment uncertainty. Why it matters: That central tension helps explain the multibillion-dollar nuclear power deal between tech giant Meta and Constellation Energy.
Meta sends Constellation a nuclear energy friend-request

3 weeks ago | axios.com | Alan Neuhauser

Axios Pro Exclusive ContentIllustration: Rebecca Zisser/Axios. Meta's newly inked 20-year agreement to buy nuclear power from Constellation Energy is the latest sign of data center operators' deepening reliance on reactors. Why it matters: It follows a series of nuclear energy agreements and solves some of the issues surrounding how much electricity AI and data centers will require. Driving the news: The deal is Meta's first involving nuclear energy.