The Week in Deals
1 deal| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Aug 26 | Power Purchase & Offtake | Geothermal | Sage Geosystems | Meta Platforms | 150 MW | TX | Announced | First Meta geothermal PPA. Sage Geosystems uses Geopressured Geothermal System (GGS) energy storage technology. Phase 1: 4-8 MW pilot operational by 2027 (likely Sage's pilot at retired San Miguel Electric coal site near Christine, TX); Phase 2: full 150 MW by 2029. Located east of the Rocky Mountains. First next-gen geothermal PPA east of the Rockies. |
Change of Control
2 movesJonathan Katz joined as Partner, Project Development & Finance Practice at Latham & Watkins (from Partner, King & Spalding)
Katz joined Latham's Houston office from King & Spalding, representing owners and developers in EPC contracts and O&M agreements for energy and LNG projects.
Sep 1
Drew Baldinger joined as Partner, Corporate Practice and Energy Industry Team at King & Spalding (from Partner, Skadden)
K&S recruited Baldinger from Skadden to its Houston office, representing energy companies and PE sponsors in M&A and JVs across conventional and renewable energy.
Sep 1
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