Two notable M&A moves in the energy sector this week:
Conestoga Energy acquired SAFFiRE Renewables from Southwest Airlines’s venture arm, gaining DOE-backed technology to turn corn stover (an ag byproduct) into ethanol with a carbon intensity score less than negative 100.
Black Hills Corp. and NorthWestern Energyannounced a $15.4B all-stock merger, creating a utility that’ll now serve 2.1M customers across 8 states with nearly 3 GW of generation capacity.