The Week in Deals
1 deal| Date | Deal Type | Tech | Seller / Sponsor | Buyer / Financier | Size | Location | Status | Notes | |
|---|---|---|---|---|---|---|---|---|---|
| Jul 4 | Utility offtake | Solar+BESS | NextEra Energy Resources | Public Service Company of New Mexico | 200 MW | NM | Announced | PNM sought New Mexico regulatory approval of a 20-year PPA for the 100 MW solar output ($35.87/MWh) and a 20-year energy storage agreement for the 100 MW/400 MWh battery ($19.32 per available hour) of the Star Light Energy Center, developed by NextEra Energy Resources to help serve Meta's Los Lunas data center. |
Change of Control
2 movesLane Genatowski joined as Senior Advisor, Office of the Chief Financial Officer at U.S. Department of Energy (from Director, Loan Programs Office, U.S. Department of Energy)
Genatowski lasted barely 100 days at LPO before being moved aside following reports that Secretary Wright wanted Greg Beard installed. The frequency of LPO leadership churn became a market signal that energy lending was on hold.
Aroon Vijaykar joined as SVP of Strategy & Commercial at Emerald AI (from Head of Strategy, Finance & Technology, SnapNrack, Sunrun)
Vijaykar joins Varun Sivaram's Emerald AI ($42.5M raised from Radical Ventures, NVIDIA NVentures, Jeff Dean, John Kerry) to commercialize AI data center grid-flexibility software; co-author of Nature Energy paper on AI data centres as grid-interactive assets. Previously led strategy and corporate development at Sunrun.
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