XCF Global, DevvStream, and Southern Energy Renewables Agree to Binding Term Sheet for Three-Party Merger

Focus Impact Acquisition Corp. Completes Business Combination with DevvStream

September 13, 2024

Environmental Services

Focus Impact Acquisition Corp. shareholders approved a business combination to take DevvStream Holdings Inc. public, creating what the parties describe as the first publicly traded carbon streaming company on a major U.S. exchange. DevvStream, a Vancouver-based carbon credit project co-developer and generator, will access public markets and capital to scale its technology-driven carbon project pipeline.

Conestoga Energy Acquires SAFFiRE Renewables

August 14, 2025

Renewable Energy

Conestoga Energy has acquired SAFFiRE Renewables, LLC from Southwest Airlines Renewable Ventures LLC, obtaining SAFFiRE’s IP, certain technologies, a proposed pilot production facility, and key technical staff. The acquisition gives Conestoga access to SAFFiRE’s DMR pretreatment technology to produce ultra-low carbon intensity ethanol for sustainable aviation fuel (SAF) and supports plans for a co-located pilot in Liberal, Kansas and future commercial-scale production.

Gevo to Acquire Red Trail Energy Ethanol and CCS Assets for $210M

September 12, 2024

Energy

Gevo, Inc. has entered into a definitive agreement to acquire the ethanol production plant and carbon capture and sequestration (CCS) assets of Red Trail Energy, LLC for $210 million. The assets include a 65 million gallon per year low‑carbon ethanol facility and CCS capacity with 1 million metric tons/year potential (160,000 tpy currently utilized); the deal is expected to close in Q1 2025 and will support Gevo's SAF and carbon abatement strategy.

Southwest Airlines Acquires SAFFiRE Renewables

March 28, 2024

Renewable Energy

Southwest Airlines Co., through its wholly owned subsidiary Southwest Airlines Renewable Ventures LLC (SARV), has acquired SAFFiRE Renewables LLC to secure exclusive technology and advance development of scalable renewable ethanol that can be converted into sustainable aviation fuel (SAF). The acquisition moves Southwest from investor to sole owner of SAFFiRE and supports a pilot plant using SAFFiRE's NREL-licensed technology to process corn stover into renewable ethanol, with planned conversion to SAF by LanzaJet.

Enbridge Acquires Tri Global Energy

September 29, 2022

Renewable Energy

Enbridge Inc. acquired U.S. renewable project developer Tri Global Energy for US$270 million in cash plus assumed debt, with up to ~US$50 million in contingent payments. The purchase brings TGE’s ~7 GW wind and solar development portfolio and its development team into Enbridge’s renewables platform to accelerate North American growth in wind and solar.

Ara Partners Acquires Majority Interest in USD Clean Fuels

January 2, 2024

Infrastructure

Ara Partners has acquired a majority interest in USD Clean Fuels (USDCF), a Houston-based developer, owner and operator of midstream logistics infrastructure for the renewable fuels value chain. As part of the transaction USDCF also acquired the West Colton Rail Terminal in California, and Ara committed additional capital to expand USDCF's infrastructure footprint across North America.