Terms
- Announced
- 6 Feb 2024
- Instrument
- Equity
- Amount
- US$36.0m
- Source
- businesswire.com
Parties
- Project developer
- Avnos, Inc.
- Recipient type
- Technology company
- Country
- United States
- Capital providers
Capital providers and the amount counted for each Party Role Amount Basis NextEra Energy Resources Investor US$7.20m Estimated: an even share, 1 of 5 Safran Corporate Ventures Investor US$7.20m Estimated: an even share, 1 of 5 Shell Ventures Investor US$7.20m Estimated: an even share, 1 of 5 Envisioning Partners Investor US$7.20m Estimated: an even share, 1 of 5 Rusheen Capital Management Investor US$7.20m Estimated: an even share, 1 of 5
Carbon
- Pathway
- DAC
What happened
- NextEra Energy Resources led. Distinct from the July 2023 aggregate announcement, which is recorded separately as announced but not closed.
Kumo note
- A Series A led by a utility’s unregulated generation arm, with an aerospace propulsion group and an oil major alongside. The process yields roughly five tonnes of water per tonne of CO2, which makes siting a water question as much as an energy one and explains a power developer as lead.
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