The Week in Deals
6 deals| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Oct 16 | Project Finance | Solar+BESS | AES / TotalEnergies (Clean Flexible Energy LLC) | DOE Loan Programs Office | $861M | PR | Closed | Financial close on DOE EIR loan guarantee. Replacing fossil generation in Puerto Rico with solar+storage. Expected to produce 460,000 MWh/year. | |
| Oct 16 | Strategic & Growth Capital | Nuclear | X-Energy Reactor Company | Amazon (lead) + Citadel founder Ken Griffin, Ares Management, NGP, University of Michigan | $500M | TX, WA | Closed | Amazon-anchored ~$500M Series C-1 raise. Funds X-Energy reactor design completion + first phase TRISO-X fuel fabrication facility (Oak Ridge, TN). Amazon-X-Energy partnership targets 5+ GW commercial SMR deployment by 2039 — largest commercial SMR deployment plan to date. Initial 320 MW Cascade Advanced Energy Facility with Energy Northwest (WA). Same week: Amazon also signed agreement with Dominion to explore SMR development in VA. Followed Oct 14 Google-Kairos 500 MW deal. | |
| Oct 16 | Power Purchase & Offtake | Nuclear | Dominion Energy Virginia | Amazon (MOU) | 300 MW | VA | Announced | MOU between Dominion and Amazon to jointly explore SMR development structures, financing, cost mitigation. Located near existing North Anna nuclear station. Same week as Amazon $500M X-Energy investment + Google-Kairos 500 MW deal — driving wave of hyperscaler SMR announcements. | |
| Oct 10 | Tax Equity & Tax Credits | Solar | BrightNight / Cordelio Power | J.P. Morgan, Capital One | $260M | AZ | Closed | Tax equity financing structured as partnership flip to monetize production tax credits. Part of broader $414M construction financing for the project. | |
| Oct 1 | Power Purchase & Offtake | Solar | Recurrent Energy | Sustainability Roundtable Consortium | 100 MW | TX | Announced | One of the largest peer-buyer organized corporate virtual PPAs. 16-year contracts organized by Sustainability Roundtable Inc. | |
| Oct 1 | Tax Equity & Tax Credits | Other | Rivian | Undisclosed | — | Multi-state | Closed | Crux Climate facilitated Rivian's transfer of ITC from a wind turbine and Section 30C alternative fuel vehicle refueling credits from 2023 DC fast-charging projects. IRS 30C guidance came out during the transaction (Sept 2024), providing market certainty. Small credit volume where tax equity wouldn't have been realistic. |
Change of Control
8 movesClay Corbus promoted to President and Chief Executive Officer at Clean Energy Fuels Corp (from Senior Vice President, Strategic Development and Head of Renewable Fuels, Clean Energy Fuels Corp)
19-year CLNE veteran succeeds co-founder Andrew Littlefair after 30+ years; Corbus led all M&A and capital-raising and built the company's RNG production and distribution businesses; Clean Energy operates North America's largest natural gas vehicle fueling network.
Andrew Littlefair departed Clean Energy Fuels Corp as President and Chief Executive Officer
Littlefair co-founded CLNE with T. Boone Pickens in 2001 and led the company for 30+ years, building North America's largest natural gas fueling network; transitions to a three-year government relations consulting role ($750K/year) while remaining on the board.
Richard H. Little joined as Chief Executive Officer & Director at enCore Energy Corp. (from Resource industry executive, Ajax Resources / private resource-industry executive)
Little takes the helm at enCore Energy — the only US uranium producer with two operational ISR Central Processing Plants (both South Texas) — to accelerate licensing and cost discipline as US nuclear-fuel sovereignty becomes a bipartisan priority alongside the data-center power buildout. Compensation disclosed: $600K base. Previously engineered the $1.24B sale of Ajax Resources' Northern Midland Basin assets to Diamondback Energy.
Aaron D. Moss promoted to Executive Vice President & Chief Financial Officer at Edison International (from Senior Vice President & Chief Financial Officer, Southern California Edison)
Moss steps up from SCE CFO to parent EIX CFO at $730K base + 85% target bonus + supplemental $603K LTI grant (25% options / 25% RSUs / 50% performance shares). A career SCE/EIX finance hand who served as Controller of both entities (2016–2022); confirms internal promotion strategy at California's largest IOU.
Maria Rigatti departed Edison International as Executive Vice President & Chief Financial Officer
Long-tenured EIX CFO Rigatti retires after navigating wildfire-liability cycles and rate-base growth strategy at California's largest IOU. Steps down as CFO July 3, 2026 and full retirement Sept 1, 2026. Closes one of the longest-serving utility CFO seats in California.
William M. Sheriff appointed Executive Chair (return) at enCore Energy Corp. (from Founder; former Executive Chair (had transitioned off executive role), enCore Energy Corp.)
Founder Sheriff returns to an executive-chair role alongside new CEO Richard Little, signaling a strategic reset for the leading US ISR uranium producer. Mirrors a pattern at other US critical-minerals juniors where founders re-engage in governance to navigate licensing and capital-markets cycles. Tied to the broader 2026 nuclear-fuel onshoring push.
M. Susan Hardwick appointed Independent Director (Audit & Finance Committee; Compensation & Executive Personnel Committee) at Edison International (from Former Chief Executive Officer, American Water Works)
EIX board expanded from 11 to 12 seats to add Hardwick — a heavyweight utility-finance director with prior CEO/CFO experience at American Water and Vectren. Adds Audit + Compensation Committee depth as EIX prepares for the CFO transition from Rigatti to Moss.
Sana Ouji joined as Energy Lead at Anthropic (from Strategic Energy Investments and Partnerships Lead, Data Center Division, Google)
First dedicated energy role at Anthropic, signaling the AI lab's commitment to securing clean energy capacity for AI infrastructure; Ouji brings 6+ years managing Google's data center clean energy strategy across multiple geographies.
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