Page 11 - NorthAmOil Week 39 2022

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Co-Founder and Managing Director. “Grey well-positioned to capitalise on this growth, and development project to more thoroughly
Rock believes there is an underserved market including 3.9 GW of renewable generation understand emissions and detection
of opportunities in the oil and gas well projects TGE previously sold to operators, technologies associated with the upstream
remediation space to offer near term solutions which will generate development fees and natural gas and oil production sector. Ascent
for positive environmental impacts.” accretion to distributable cashflow per share also participates in other responsibly sourced
“Grey Rock’s technical capabilities, in the first year following the acquisition gas (RSG) opportunities in addition to
deep energy industry connections, and of TGE. In addition, 3 GW of late-stage certifying its production with MiQ.
commitment to making a positive impact development of wholly owned projects are Aerial methane detecting technologies
on reducing carbon emissions make them expected to be placed into service between like Gas Mapping LiDAR have grown in
an ideal partner to Rebellion moving 2024 and 2028, providing a visible ramp up in popularity with operators due to their
forward,” said Taruscio. “The partnership cash flows along with a large slate of further ability to detect emissions more efficiently
with Grey Rock allows Rebellion to offer projects in earlier stage development beyond than alternative methodologies. After
a full suite of services to work on behalf of that period. each scan, Bridger provides Ascent with a
landowners, communities, and the larger ENBRIDGE, September 29, 2022 digital map that includes methane plume
public to transform liabilities of the past into imagery, emission size and concentration,
opportunities for our future.” Ascent Resources using and GPS coordinates of every detected
GREY ROCK INVESTMENT PARTNERS, emission. “Ascent is committed to providing
September 29, 2022 methane detection lasers clean, reliable, and affordable energy that
is responsibly sourced. That foundational
for MiQ certification principle enabled us to achieve multiple
ENERGY TRANSITION top-tier third party certifications and we
Ascent Resources – Utica recently announced expect that our work with Bridger will further
Enbridge enhances North that nearly all of its natural gas production enhance our existing emissions detection and
elimination efforts in a cost-effective way,”
had achieved the top Grade A certification
American renewables under the MiQ methane emissions standard. said Keith Yankowsky, chief operating officer
As part of its certification, Ascent has
at Ascent.
business with acquisition partnered with Bridger Photonics, a Montana- and taking the steps to meaningfully reduce
“Ascent is focused on its ESG initiatives
based company that utilises aerial methane
of Tri Global Energy detecting technology, Gas Mapping LiDAR™, its emissions. We’re excited to partner with
to detect, locate, and quantify methane
Ascent and provide actionable data that will
Enbridge today announced it has acquired Tri emissions. help them reach their sustainability goals,”
Global Energy, a leading US renewable project Ascent is one of the largest privately held stated Bridger’s VP of Operations, Ben Losby.
developer, for $270mn in cash and assumed exploration and production companies in The first scans will begin this week, with
debt. Additionally, up to approximately the United States in terms of asset size and the subsequent flights occurring quarterly
$50mn in payments could be made contingent net production and is the largest producer so that Ascent can ensure it maintains the
on successful execution of TGE’s project of natural gas in the state of Ohio. The requirements for MiQ’s gas certification
portfolio. TGE is currently the third largest company places a strong emphasis on standards.
onshore wind developer in the US, with a responsible operations, and participated in ASCENT RESOURCES – UTICA, September 29,
development portfolio of wind and solar Cheniere Energy’s quantification, monitoring, 2022
projects representing more than 7 GW of reporting, and verification (QMRV) research
renewable generation capacity.
“TGE will enhance Enbridge’s renewable
platform and accelerate our North American
growth strategy,” said Al Monaco, Enbridge’s
President and Chief Executive Officer. “TGE’s
significant development pipeline, coupled
with our renewable capabilities, and existing
self-power opportunities, make this a truly
synergistic investment that further positions
us to grow organically at attractive equity
returns. We’re excited to be welcoming the
TGE team to Enbridge, further strengthening
our capabilities as we ramp up our renewable
business.”
Enbridge expects North American
renewable power fundamentals to remain
robust. Rising targets for State renewable
portfolio standards and growing private sector
demand for zero carbon electricity are set to
drive investment in wind and solar power
generation significantly higher in the next
decade.
TGE’s large development portfolio is

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