Private equity firm NGP has conducted the final closing of NGP Energy Transition IV LP at $700 million of total capital commitments, the company announced in a June 1 press release.
Private equity firm NGP has conducted the final closing of NGP Energy Transition IV LP at $700 million of total capital commitments, the company announced in a June 1 press release.
Since its founding in April 2022, the fund has invested over $100 million in seven portfolio companies, including Noveon Magnetics, Dandelion Energy, Form Energy and Rubicon Carbon.
NGP has invested over $1 billion in the energy transition since 2005.
“Energy transition is key to the future of NGP, and our investment activity in the space is accelerating,” said Chris Carter, NGP’s managing partner. “We believe NGP is a preeminent energy investor across the energy value chain, and we plan to build from the strong foundation of energy transition investing we’ve established over the last 18 years.”
NGP Energy Transition IV was formed with a goal to provide growth capital to companies that seek to grow renewable energy, economy electrification, improve the efficiency of energy and resources and reduce carbon emissions.
Recommended Reading
Geopolitical Tensions Complicate Oil Price Predictions
2024-10-14 - Geopolitical tensions around the world are an ongoing wildcard for oil prices in the near-term, according to BOK Financial Securities’ Dennis Kissler. U.S. producers will have to pivot off of whatever hand they are dealt.
Oil and Gas Stocks Revel in a Post-Election Trump Bump
2024-11-08 - Oil and gas company stocks, particularly those of E&Ps and oilfield services, enjoyed a boost immediately following the presidential election of Donald Trump.
FERC OKs Export Capacity Expansion at KMI’s Georgia LNG Plant
2024-11-25 - Kinder Morgan subsidiary Southern LNG’s Elba Island terminal has been granted permission by the Federal Energy Regulatory Commission to go ahead with a 0.4-mtpa production bump.
EPA Gives OK to Texas GulfLink Deepwater Port
2024-11-04 - Sentinel Midstream’s Texas GulfLink project is one of several proposals for an offshore oil terminal in the Gulf.
CNOOC’s Long Lake Northwest Project Begins Crude Production
2024-11-06 - CNOOC’s Long Lake Northwest project will reach a peak production of 8,200 bbl/d of crude in 2025.
Comments
Add new comment
This conversation is moderated according to Hart Energy community rules. Please read the rules before joining the discussion. If you’re experiencing any technical problems, please contact our customer care team.