Lotus Midstream Acquisition, Valuation, Funding & Investors

Hunan Energy Group Development Co Ltd is engaged in Comprehensive development and operation of hydropower generation, as well as investment, construction and operation management of medical and elderly care businesses.

Tsakos Energy Navigation Ltd is a seaborne transportation service provider for crude oil and petroleum products. The company’s carriers cater to national and international independent oil companies and refiners. It generates revenue through charter contracts with its clients, which include time, bareboat, and voyage charters, contracts of affreightment, and pool arrangements.

ACEN Corp is a Philippines-based energy provider. The company is mainly involved in the business of Renewables and Thermal energy. It also holds interests in the business of oil and gas exploration and production. The company operates in three segments: The Philippines segment, the International segment, and the Parent and Others segment The Philippines segment, which accounts for the vast majority of its revenue, is into Retail Electricity Supply, Renewables - generation, transmission, distribution, and supply of electricity using renewable sources, Thermal - generation, transmission, distribution, and supply of electricity using the conventional way of energy generation, Project development, Leasing, bulk water supply, and Petroleum and exploration.

Órigo Energia is a Brazil-headquartered company specializing in shared distributed generation of renewable energy sources. It operates multiple solar farms across São Paulo and Minas Gerais states, alongside biogas plants that convert organic waste into electricity. The firm supports over 1,000 commercial and industrial clients through its generation platforms, enabling them to access clean energy without owning infrastructure. Established in 2020, Órigo Energia manages more than 100 MW in installed capacity and partners with local utilities like CPFL Energia for grid integration. Its projects include the 5 MW Sol do Sertão solar farm in Bahia and a 2 MW biogas facility in Mato Grosso.

Energie Steiermark is one of Austria's largest regional energy distribution and services companies, based in the province of Styria. It operates a 31,300-kilometre electricity grid and a 4,200-kilometre gas network, supplies district heating, and generates power from hydro, wind, solar and biomass, with activities extending into Slovenia, the Czech Republic, France and Germany. Revenue comes from regulated network tariffs, energy sales and energy services.

Natural Resources Partners LP is a diversified natural resource company. It is engaged in the business of owning, managing and leasing a diversified portfolio of mineral properties in the United States, including interests in coal, trona and soda ash, crude oil and natural gas, construction aggregates, frac sand, and other natural resources. The company leases coal reserves to experience mine operators under long-term leases that grant the operator the right to mine its coal reserves in exchange for royalty payments. The company operates in two reportable segments namely: Mineral Rights and Soda Ash. the majority of the revenue is generated from the Mineral Rights segment. Geographically, the business activity of the group functions through the United States.

Dorchester Minerals LP operates as the owner of producing and non-producing crude oil and natural gas mineral, royalty, overriding royalty, net profits, and leasehold interests. The company generates revenues from royalties, net profits interests, lease bonuses, and others.

B.Grimm Power PCL along with its subsidiary engaged in the generating and distribution of electricity for the government sectors and Industrial Users, both in Thailand and overseas. The group operates through two reportable segments report which comprise electricity generation and other businesses. The electricity generation segment, which accounts for the majority of the revenue, generates and distributes electricity to the government sectors and industrial users both in Thailand and overseas. The other segment is engaged in holding companies, maintenance, and operating services for power plants. The majority of the company's revenue comes from Thailand, followed by Vietnam.

CropEnergies AG is a German company which manufactures bioethanol for the fuel sector from cereals and sugar beet. The company also produces various food and animal feed products such as ProtiWanze, a liquid protein animal feed for feeding ruminants and pigs, as well as a high-grade dry stillage protein animal feed. In addition, it produces neutral alcohol for the beverage, food, cosmetics and pharmaceutical industries, as well as for industrial applications, such as the production of windscreen washer fluid and disinfectants.

Infortar AS is an investment holding company in the Baltics. The group focus is on four segment areas which are Energy, Maritime transport, Real estate, and others. The Energy segment includes biogas production, resale and distribution of natural gas, and sale of electricity; the Real estate includes all companies in the group that lease or develop investment property; Maritime transport includes Tallink Grupp (an affiliated undertaking of the group) and its subsidiaries); and Other segment includes smaller companies that provide services to the aforementioned segments and other smaller enterprises. Its geographic regions are Estonia, Finland, Lithuania, Latvia, the Rest of the European Union, and Countries not in the EU. It generates the majority of its revenue from Estonia.

Serica Energy PLC is an independent upstream oil and gas company with operations centered on the UK North Sea with a range of exploration and production assets. The company operates the Bruce, Keith, and Rhum fields in the UK Northern North Sea. It also operates the Columbus Field, Triton FPSO, and the Mansell field as well as holding an interest in the Erskine field in the Central North Sea. It derives maximum revenue from sale of Gas.

Nova Fusion is a technology developer commercializing small modular nuclear fusion reactors for clean energy production. The company designs compact reactors aimed at providing scalable, zero-carbon power for industrial and grid applications. Nova Fusion advances fusion technology through proprietary plasma confinement and materials innovations. Located in the United States, it collaborates with research institutions to accelerate reactor prototypes toward commercial deployment.

Beach produces oil, gas, and gas liquids from numerous joint ventures in the onshore Cooper and Eromanga basins. Beach merged with Cooper Basin joint-venture partner Drillsearch Energy Limited in March 2016, which increased equity production to about 10 million barrels of oil equivalent. This more than doubled to over 20 million barrels of oil equivalent following the successful purchase of Lattice from Origin Energy in 2018. The average field life is around seven years based on forecast production and 173 mmboe of proven and probable reserves. We credit less than 15 years, assuming some additional conversion of 2C contingent resources into reserve category with drilling. Shale gas resources are blue-sky.

Ansaldo Energia is a Genoa-headquartered power generation specialist offering turnkey plants, gas and steam turbines, generators, microturbines, and comprehensive maintenance services for equipment from various manufacturers, alongside nuclear activities.

Huasun Energy is a Hefei-based solar technology company that manufactures high-efficiency heterojunction solar cells and modules. Established in 2017, the firm pioneered industrial-scale production of HJT technology and supplies products to global photovoltaic projects. Huasun Energy operates production facilities in Anhui province and exports to markets in Europe and Asia. Its TaoTan module series supports utility-scale solar farms and distributed generation systems.

Econergy Ltd is an international IPP (independent power producer) of utility-scale renewable energy projects. The company develops, owns, and operates utility-scale renewable energy projects driven by deep industry, regulatory and technology expertise at every critical stage from origination to supply. Geographically, it has a presence in Italy, UK, Romania, Spain, Poland, and Greece.

Fervo Energy is a Houston-headquartered geothermal energy developer commercializing enhanced geothermal systems. It operates projects in Nevada and Utah, generating dispatchable clean power with 24/7 availability. Backed by partnerships with Google and Southern California Edison, the company drills horizontal wells to access heat resources previously uneconomic.

Birlesim Grup Enerji Yatirimlari AS is engaged in producing energy. The company is engaged in energy sector with a particular focus on renewable energy.