Our monthly newsletter shares firm updates, news, and opportunities surrounding energy and the business of decarbonization. Keep reading this week's edition for a conversation with Galvanize Real Estate's (GRE) Vice Presidents of Acquisitions, Rachel Reardon and Nadine Anderson and news about the team's fourth and largest acquisition to date.

But first, yesterday Galvanize Global Equities holding MP Materials announced a public-private partnership with the Department of Defense, representing a step forward in the US' domestic industrial capacity. Read Tom's take here. 

Thought Leadership From Our Team
 
London Climate Action Week 2025

Investable signals amid a turbulent, but accelerating global energy transition
 

Galvanize Real Estate's (Not So) Secret Weapon for Creating Value: A Conversation with the Firm's All-Female Acquisition Team

Rachel Reardon and Nadine Anderson of Galvanize Real Estate discuss how their team spots opportunities others miss, like using decarbonization as a driver of returns, and has the grit to turn those alternatives into alpha.
 

The Clean Energy Dividend

Galvanize co-executive chair Tom Steyer does some math on how smart climate policy could help the U.S. in a trade war
 
 

Galvanize On the Ground

Chief Strategy Officer, David Livingston, spoke at The Economist Sustainability Week conference about clean energy in the current market landscape. The discussion covered grid expansion and flexibility, rare earths and critical minerals, as well as baseload solutions like enhanced geothermal, and the opportunities Galvanize sees ahead.

David continued his busy month, joining portfolio company Alcemy, an AI software provider in the cement and concrete industry, at the GCCA CEO Summit in Mexico City. David spoke with senior leaders about the industry's need for cost-effective, low-risk digitalization and decarbonization solutions.
 

Innovation and Expansion Portfolio News

Ascend Analytics

A new report from Galvanize portfolio company Ascend Analytics suggests that ERCOT (Electric Reliability Council of Texas) may face persistent electricity scarcity and price volatility, driven by the inability to build supply fast enough.

With electrification, AI, and climate extremes accelerating, pressure on the grid will only grow.

Battery storage will be essential to building resilience. And real-time market intelligence like Ascend's is what we believe will give developers, investors, and operators the ability to act with clarity and confidence.

 

Fervo Energy

Fervo Energy announced it has successfully secured $206 million of additional capital required to continue the advancement of Cape Station, the world's largest enhanced geothermal systems development.

"With this capital in place, Fervo's ability to de-risk and finance multi-GW EGS project areas is becoming a reality," said David Ulrey, Chief Financial Officer at Fervo Energy. "The confidence our investors have in Fervo and in the Cape asset affirms that next-generation geothermal is ready to play a defining role in America's energy future."

Fervo a