Mike Nemer

Harvestone Low Carbon Partners (HLCP) has successfully raised $205 million from Bank of America for its Blue Flint Ethanol LLC related #carboncapture project. The first-of-its kind tax equity financing was successful primarily because HLCP controlled the entire North Dakota #CCS value chain: capture, transport and sequestration. The project is on target to capture and store over 200,000 tonnes of #CO2 annually. If you have the WSJ, read "Bank of America Bets on Carbon Capture With Big Tax-Credit Deal" here: https://lnkd.in/e4GgTmSz? HLCP is a portfolio company of ECP (Energy Capital Partners). #sustainability #finance #energytransition #IRA #carbon #cleanenergy #decarbonization #decarbonisation #ccus #carbonremoval #ethanol #catboncredits

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Gelber Gas Daily ( crude!) #NaturalGas -- EIA Reports 32 Bcf Injection Into Natural Gas Storage for Week Ended June 28th: NYMEX natural gas futures are flat on the day, last trading at $2.44/MMBtu. A press release from the governor of Texas earlier this week noted that the state’s $5 billion loan program for natural gas-fired power plants should double in size in order to meet rising power demand. Governor Greg Abbott’s statement noted, “Texas may need 150,000 megawatts of power to power our grid by 2030…with the new projections for 2030, we will seek to expand the program to $10 billion to build more new plants as soon as possible.” Governor Abbott and Lieutenant Governor Patrick are now calling for an immediate policy review. Voters approved the Texas Energy Fund to finance 10 GW of gas-fired plants, with loan applications already oversubscribed. Companies like NRG Energy and Vistra Corp. have applied for funding, contingent on regulatory approvals. The EIA’s Weekly Storage Report released late this morning ahead of the holiday showed a 32 Bcf injection for the week ended June 28th, on the higher end compared to most expectations. Perhaps more notably, the agency revised its earlier week’s storage release numbers. Having previously reflected a 52 Bcf injection, the new data for the week ended June 21st now shows that 57 Bcf of gas was injected into storage. The cumulative effect of the changes in today’s report is that total levels sit at 3134 Bcf, leaving the surplus to the 5-year average at 496 Bcf. Meanwhile, Hurricane Beryl (95L) has developed substantially, currently a Category 5 hurricane; however, current projections indicate that the development will subside into a tropical storm by the time it reaches Texas’ southern border. #Crude -- Jobless Claims Higher Than Expected, Bullish Miss in EIA Crude Inventories Numbers: Crude oil futures are up $0.25, last trading at $83.06/bbl. Data out of the Labor Department this morning showed a rise of 238,000 in jobless claims for the week ended June 29th. An upside miss in this metric had brought optimism for risk-on assets in previous months, as a less resilient labor market can mean that the Federal Reserve has more grounds to begin rate cuts. That said, the number was only a touch higher than market consensus. Also bullish was the EIA’s Weekly Petroleum Report which showed an unexpectedly large draw on crude inventories. #Oilandgas #Commodities #NYMEX #HenryHub #Trading #Hedging #Gelber #markets #LNG #OPEC #oil #EIA #gas #gelber #WTI #Energy

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Natural Gas News for July 11, 2024 EIA Weekly Natural Gas Storage Report: Working gas in storage was 3,199 Bcf as of Friday, July 5, 2024, according to EIA estimates. This represents a net increase of 65 Bcf from the previous week. Stocks were 283 Bcf higher than last year at this time and 504 Bcf above the five-year average of 2,695 Bcf. At 3,199 Bcf, total working gas is above the five-year historical range. #naturalgas #mansfield #energy #MPG #MansfieldPowerGas #AlwaysOnIt

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CLICK THE LINK TO VIEW THE FULL REPORT: https://lnkd.in/gHGTy24d In this report, we assess the pipeline and infrastructure sub-sector of the energy industry, focusing on TC Energy Corporation. Recently, TC Energy has demonstrated impressive performance, rising significantly in the SIA S&P/TSX 60 Large Cap Index and delivering strong year-to-date gains. We will also conduct a technical review, examining key resistance levels and relative strength compared to peers, to highlight the technical factors driving its growth potential in the current market landscape. #SIACharts #bigdata #datascience #Ai #investing #fintech #wallstreet #wealth #stockmarket #profit #leadership #innovation #analytics #productivity #money #markets #technology #pipelines #TCenergy

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