Spring Valley Acquisition Corp. Merges with NuScale Power to Create Public SMR Company

Novus Capital II Completes SPAC Combination with Energy Vault

February 11, 2022

Energy

Novus Capital Corporation II completed its business combination with Energy Vault, creating Energy Vault Holdings, Inc. and providing approximately $235 million of gross proceeds plus an expanded PIPE to fund commercial scale-up. The combined company will trade on the NYSE under ticker NRGV and will use the proceeds and strategic partnerships (including Korea Zinc and Atlas Renewable) to scale its gravity-based, grid-scale energy storage technology and energy management software globally.

Natura Resources Acquires Shepherd Power; NOV Becomes Strategic Partner and Investor

December 10, 2025

Energy

Natura Resources has acquired Shepherd Power from NOV Inc., adding Shepherd's regulatory, licensing, and reactor deployment expertise to accelerate commercialization of Natura's molten-salt small modular reactor (MSR) technology. NOV will partner with Natura on manufacturing and project execution, invest in Natura and appoint a board representative to support delivery of gigawatts of SMRs for data center and industrial customers in the early 2030s.

Energy Vault Completes Business Combination with Novus Capital Corporation II

February 14, 2022

Energy

Energy Vault Holdings, Inc. completed a business combination with Novus Capital Corporation II and began trading on the New York Stock Exchange (NRGV) on February 14, 2022. The transaction provided approximately $235 million in gross proceeds (plus prior Series C and a $50M licensing fee from Atlas Renewable) to fund commercialization of the company’s grid-scale energy storage technologies and energy management software.

Valley Ridge-Led Investor Group Recapitalizes National Power Corporation

July 10, 2019

Electrical Services

An investor group led by Valley Ridge Investment Partners, with capital and subordinated debt provided by Tecum Capital Partners and C3 Capital Partners, recapitalized National Power Corporation. Founder and CEO Eddie Youngblood remains with a minority stake; the financing will support hiring, service and product expansion, ERP upgrades and inorganic growth initiatives.

New Capital Partners Invests in SMR Worldwide (now Sprout)

October 23, 2019

Environmental Services

New Capital Partners (NCP), a Birmingham-based private equity firm, has partnered with SMR Worldwide, an IT asset disposition (ITAD) and e-waste solutions provider headquartered in Charlotte, North Carolina. The investment will support SMR's (rebranded later as Sprout) expansion of facilities, rollout of new software-driven solutions, and capability growth to serve enterprise customers.

Parkland Corporation Acquires Sevier Valley Oil Company, Inc.

November 9, 2020

Energy

Parkland Corporation, through its wholly owned U.S. subsidiaries (Parkland USA), agreed to acquire all assets of Sevier Valley Oil Company, Inc. (SVO), a Richfield, Utah–based retail and commercial fuel business. The deal adds seven company retail locations, more than 20 retail dealers and approximately 350 million litres of annual fuel and petroleum product volume, expanding Parkland's U.S. retail and distribution footprint in southern Utah and the surrounding Rockies region.