Aligned Climate Capital has held the first close of a new infrastructure fund targeting $500m (£370m) for investments in distributed solar and energy storage projects across the US. Aligned Solar Partners 7 (ASP7) will acquire construction-ready solar and storage projects from development partners, finance their construction and manage the assets through operations. ASP7 is the seventh infrastructure fund in the…
Google Signs Record Geothermal Power Deal with Fervo
Geothermal energy project developer Fervo Energy announced a new 396 MW power purchase agreement (PPA) with Google to provide the tech giant with carbon-free energy from its Cape Station project in Utah, marking the largest enhanced geothermal PPA to date globally. As part of the new agreement, Fervo will offer Google an option to expand its offtake by approximately 600…
JetZero Secures $100 Million to Advance Ultra-Efficient Blended-Wing Aircraft
Aerospace startup JetZero announced that it has closed a senior secured term loan facility of up to $100 million, with proceeds aimed at advancing the development and production of the company’s blended wing aircraft program, which the company estimates will cut fuel burn and emissions by up to 50% relative to conventional tube-and-wing aircraft. Founded in 2021, California-based JetZero is…
Aligned Climate Capital Launches $500 Million Distributed Solar and Storage Fund
Decarbonization-focused investment firm Aligned Climate Capital announced the launch and first close of Aligned Solar Partners 7 (ASP7), its seventh infrastructure fund focused on acquiring and developing distributed solar and energy storage projects across the U.S. The firm said that it is targeting $500 million for the new fund, more than twice the size of its most recent predecessor, ASP6,…