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Good morning, here's what the OilPatch Team has for you today:
Worldâs Biggest Battery Burns in California
The worldâs biggest battery storage site, unfortunately located in California, is on fire.
It has been on fire since Thursday.
It has promoted the evacuation of 1,500 people.
It has sent toxic smoke into the atmosphere.
And it has raised questions about the reliability of battery storage.
The worldâs largest lithium battery facility at Vistra Power Plant in Moss Landing, CA continues to burn.
Officials have no timeline for extinguishing the toxic blaze, but for reference the last lithium battery fire in California burned for 11 days
â Kevin Dalton (@TheKevinDalton)
2:25 PM ⢠Jan 17, 2025
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Fixed-Rate Returns for Accredited Investors
How does it work?
You purchase a bond from ROX Energy Capital
You are now a bondholder with the right to receive a 10% fixed annual return â payable monthly.
ROX Energy Capital Buys Working Interests
Bond proceeds are used to purchase non-operated working interests in oil and gas properties. ROX Energy Capital receives the recurring cash flow from these ânon-op" working interests for the life of the asset.
You get paid
Bondholders receive their monthly interest payment from ROX Energy Capital for the term length of the bond.
Learn more at ROX Energy Capital
U.S. LNG Producers Should Be Wary of European Dreams
Europe is a key market for U.S. liquefied natural gas.
Itâs been gobbling up everything it can get its hands onâif it can afford it.
Europeâs LNG appetite has a limit and that limitâs near.
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