Quarterly updates: Q1 2025

We’re excited to share the inaugural edition of Ara’s quarterly newsletter—a new way to keep you informed on the progress, people, and partnerships driving our mission forward.

As we head into the second quarter, we’re proud to share just a few highlights of the momentum building across the firm. From opening our new Dublin office to expanding the team with exceptional talent, our platform continues to grow in reach and capability.

We’re also celebrating meaningful progress across our portfolio—securing key grants, forming strategic partnerships, and advancing decarbonization goals in tangible ways. Thank you for being part of this journey as we scale solutions for a lower-carbon future.

Charles Cherington & Troy Thacker
Managing Partners

NEW DEAL

Ara Infrastructure acquires majority interest in Natural World Products

Ara’s Infrastructure Fund brings industrial decarbonization and builder expertise to enhance NWP’s recycling capabilities and energy recovery strategy.

natural world products news page

GOVERNMENT AFFAIRS

Ara and eVAC applaud introduction of REMSA – The House of Representatives introduced H.R. 1496, a bipartisan bill to support reshoring manufacturing of rare earth permanent magnets.

PURAGLOBE was awarded $64.5 million in DOE 48C tax credits to produce sustainable base oils in Tampa, Florida.

Blue Whale Materials received $55 million in DOE grant funding to expand its Bartlesville, OK lithium-ion battery recycling facility.

The Ara Advantage

At Ara, we combine our builder DNA, gold-standard carbon accounting, and government affairs expertise to help businesses scale smarter and faster.

New Private Markets Podcast Feature

Building a private markets firm for “the missing middle”

In this episode of New Private Markets Podcast, Ara Partners’ Co-Founder Charles Cherington discusses the mix of skills needed to tackle hard-to-abate sectors.

PORTFOLIO NEWS

Utility

Utility, the leader in affordable, reliable and clean hydrogen solutions that drive a profitable energy transition for hard-to-abate industries worldwide, achieves industry-first hydrogen production using steel manufacturing off-gases. This comes one month after Parker Meeks joined as new Utility Global CEO.

eVAC Magnetics

e-VAC Magnetics (“eVAC”) has been awarded IJ Global’s 2024 Energy Transition Deal of the Year (North America). The award recognizes eVac’s $335 million non-recourse financing for their first-of-its-kind U.S. permanent magnet manufacturing facility in Sumter County, South Carolina. The transaction has also been recognized by Proximo as the North American Manufacturing Deal of the Year.

CFP Energy

CFP Energy has won two major Enviornmental Finance awardsEU Emissions Trading System: Best Trading Company, OTC/Spot and UK Emissions Trading System: Best Trading Company, OTC/Spot. These awards are significant as they are based on client votes, reflecting CFP Energy’s commitment to delivering exceptional services and solutions in the UK and EU carbon markets.

Divert

Divert, Inc. secures over $90 million to fund the development of infrastructure to address the wasted food crisis in the southeast U.S. Additionally, Divert, in partnership with Giant Food, the leading Washington, D.C. regional grocery chain, achieved a milestone of nearly 80 million pounds of unsold food products processed since 2022, the equivalent of mitigating more than 37,000 metric tons of CO2e.

New hires

EVENTS

Q2 Events

  1. SAFE Summit: Charles Cherington brought his perspective to the “Principled Investing in Energy and Minerals” panel on April 2.
  2. BNEF Summit NY: Charles Cherington will participate in the opening plenary panel, “US Energy Transition Strategies: The Next Phase,” on April 29.
  3. Ara Partners Safety Summit: Ara Portfolio Services (APS) will host two Safety Summits for Ara’s portfolio companies in the US (Houston) as well as the UK/EU (Dublin) in May.
  4. Critical Minerals Institute Summit: Tuan Tran will be featured as Keynote speaker at the fourth annual CMI Summit happening May 13-14 in Toronto, Canada.
  5. Reuters Global Energy Transition Summit: Irina Markina will be speaking at the flagship event happening June 25-26 in New York.

Q1 Events

  1. Ara Partners Sourcing Summit: Deal Team members across strategies and offices met in early March to discuss deal sourcing strategies and share best practices.
  2. Ara Partners CERAWeek networking reception: Ara gathered top executives, investment leaders, and government officials to talk about bridging innovation and commercial success with low-carbon fuels.
  3. Speaking at BNEF SF: Shameek Konar brought his prior experience as CEO of Pilot to discuss the topic “Solving EV Charging‘s Growing Pain.” 
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