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Energy

Providing perspective and contextual insights on the financial aspects of the Energy industry within the state of Utah, from fossil fuels to renewables, as well as infrastructure and storage.

The Rest of the Story: The New $500 Million Fund Raised by Pelion Venture Partners is Utah's Largest VC Fund Ever

The Rest of the Story: The New $500 Million Fund Raised by Pelion Venture Partners is Utah's Largest VC Fund Ever

Additionally, Pelion currently has more than $1.5 billion in Assets Under Management (AUM), which for a venture capital firm focused on early stage investments (let alone one in the so-called "middle" of the U.S. within a state of only 3.5 million residents) is pretty dang

Image downloaded from the Events page of the RevRoad website on the morning of Tuesday, 28 January 2025.

RevRoad Closes its Doors. Kind Of.

In a turn of events both shocking and yet not totally surprising, the RevRoad experiment has come to an end. Sometime in the last week, the RevRoad website shifted from this — to this (on Sunday, 26 January 2025) — Additionally, based upon my review of dozens of LinkedIn profiles this morning,

CATCHING-UP: The Top 49 Utah-focused Monetary, Financial and/or Business News Nuggets for the Last Quarter of 2024 that You Might have Missed

CATCHING-UP: The Top 49 Utah-focused Monetary, Financial and/or Business News Nuggets for the Last Quarter of 2024 that You Might have Missed

{AUTHOR'S NOTE: With apologies in advance, it's clear that things got a bit hectic for "Yours Truly" in the latter part of the year, especially with the births of a grandson in October and a granddaughter in November, as well as landing two new

NEWS BRIEF: Lindon's ProFire Energy is About to be Acquired for $125 Million

NEWS BRIEF: Lindon's ProFire Energy is About to be Acquired for $125 Million

If all goes according to plan, Lindon, Utah-based ProFire Energy (NASDAQ:PFIE) will be acquired by Dallas, Texas-based CECO Environmental (NASDAQ:CECO) for $125 million by the end of January 2025. When the pending acquisition was disclosed by ProFire in late October 2025, the company announced that its Board of

NEWS BRIEF: Utah-based rPlus Energies Lands $304 Million in New Financings to Help Drive Renewable Energy Projects

In 2024, rPlus has now raised nearly $1.9 billion in equity and debt financings to support over 1.2 Gigawatts of projects under construction and an additional 15GW in development. Salt Lake City, Utah-based rPlus Energies has landed $304 million in new financings to help it drive construction of

NEWS BRIEF: A Colorado-based Energy Company is Selling 126,000 Acres of Uinta Basin Land for $2.0 Billion

NEWS BRIEF: A Colorado-based Energy Company is Selling 126,000 Acres of Uinta Basin Land for $2.0 Billion

In Utah news not apparently reported previously in the state, Denver, Colorado-based Ovintiv (NYSE:OVV) is selling 126,000 acres of oil-producing land in Utah's Unita Basis for $2.0 billion in cash. According to the recent Ovintiv news release, Ovintiv announced two separate yet interrelated agreements, specifically:

Multiple Yet Unnamed Utah Governmental Entities will Spend at Least $60 Million to Purchase 203* New Heavy-Duty, Zero-Emission Vehicles

Multiple Yet Unnamed Utah Governmental Entities will Spend at Least $60 Million to Purchase 203* New Heavy-Duty, Zero-Emission Vehicles

Although the final combined payment required has not yet been disclosed to complete the planned purchases, several yet unnamed governmental entities in Utah will receive $60 million in federal grant monies to purchase 203* new heavy-duty, zero-emission vehicles. Here's the rest of the story. The U.S. Environmental