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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.

BREAKING NEWS: With Funding in Place, Construction has Begun on Clearway Energy's $605 Million Battery Energy Storage Portfolio in Utah's Iron and Beaver Counties

BREAKING NEWS: With Funding in Place, Construction has Begun on Clearway Energy's $605 Million Battery Energy Storage Portfolio in Utah's Iron and Beaver Counties

San Francisco, California-based Clearway Energy Group has closed a multi-bank financing package of $605 million allowing it to begin construction of its new multi-site, 320-megawatt Honeycomb battery storage portfolio based in Utah's Iron County and Beaver County. According to the Clearway news release, its Honeycomb portfolio will be

BREAKING NEWS: The $300 Million Sale of Orem-based US Synthetic Will Enable the $7.8 Billion Acquisition of its Parent Company, ChampionX

BREAKING NEWS: The $300 Million Sale of Orem-based US Synthetic Will Enable the $7.8 Billion Acquisition of its Parent Company, ChampionX

On the surface, the news seems pretty straightforward, but it's not. So here's both the straightforward news, as well as the more complex backstory. The Straightforward News: Orem, Utah-based US Synthetic is Being Bought for ~$300 Million Orem, Utah-based US Synthetic is being sold for approximately

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