Texas-based EnCap Flatrock Midstream is considering a sale of gas pipeline operator Momentum Midstream in a deal that could fetch $5 billion. According to a Bloomberg report citing unnamed sources, the venture capital firm is currently talking with financial advisers to find a buyer.
Texas is on track to lead the country in energy storage capacity as the state sees rapid growth in the number of battery storage facilities. That’s according to a recent report from the Solar Energy Industries Association.
Curious Minds Corner
What does the “E” in E85 fuel represent?
The E stands for Ethanol, a common blend seen at gas stations for alternative fuel.