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March 26, 2021

Peregrine Hydrogen and Tasmetals join forces for integrated nickel plant in Bell Bay
Peregrine Hydrogen and Tasmania Energy Metals have signed a letter of intent to install an innovative electrolysis technology at the future nickel processing site in Bell Bay, Tasmania.
Elemental Clean Fuels launches 10 MW green hydrogen production in Kamloops
Elemental Clean Fuels will develop a 10-megawatt green hydrogen production facility in Kamloops, in partnership with Sc.wén̓wen Economic Development and Kruger Kamloops Pulp L.P., to replace part of the natural gas used at the industrial site.

Electrolyser sector targets $42.4bn global market by 2034

Driven by green hydrogen demand and state-backed industrial plans, the global electrolyser market could reach $42.4bn by 2034, according to the latest forecast by Future Market Insights.
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ExxonMobil cuts $10 billion from its low-carbon plans by 2030
The American oil group now plans to invest $20 billion in low-emission technologies by 2030, down from the $30 billion initially announced one year earlier.
Global green hydrogen market to reach $74.81bn by 2032
Driven by mobility and alkaline electrolysis, the global green hydrogen market is projected to grow at a rate of 60 % annually, reaching $74.81bn in 2032 from $2.79bn in 2025.

United Kingdom: Second CO₂ storage licensing wave redefines North Sea through 2050

The United Kingdom opens 14 new offshore geological storage zones, creating an industrial decarbonisation corridor and securing long-term capacity for domestic and European heavy industry.
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BHP sells 49% of its Pilbara power network to GIP for $2 billion
BHP sells a minority stake in its Western Australia Iron Ore power network to Global Infrastructure Partners for $2 billion, retaining strategic control while securing long-term funding for its mining expansion.
Green Plains injects CO2 from Nebraska into Wyoming and receives $14mn payment
Green Plains has begun sequestering carbon dioxide from its three Nebraska facilities via a pipeline to Wyoming, while receiving a first $14mn payment under the 45Z tax credit programme.

Chinese cleantech investments reshape the global industrial energy map

More than $80bn in overseas cleantech investments in one year reveal China’s strategy to export solar and battery overcapacity while bypassing Western trade barriers by establishing industrial operations across the Global South.
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Exxaro expands its energy assets and strengthens renewable capacity
Exxaro increases its energy portfolio in South Africa with new wind and solar assets to secure power supply for operations and expand its role in independent generation.
Plug Power signs with Hy2gen for 5MW electrolyser in France
Plug Power will supply a 5MW PEM electrolyser to Hy2gen’s Sunrhyse project in Signes, marking a key step in expanding RFNBO-certified hydrogen in southern France.

Plenitude acquires ACEA Energia for €587mn and accelerates European growth

Plenitude acquires full ownership of ACEA Energia for up to €587mn, adding 1.4 million customers to its portfolio and reaching its European commercial target ahead of schedule.
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ABB takes stake in OctaiPipe to optimise data centre operations
ABB invests in UK-based start-up OctaiPipe to strengthen its smart energy-saving solutions for data centre infrastructure.
HY4Link project obtains EU status as project of common interest
The cross-border hydrogen transport network HY4Link receives recognition from the European Commission as a project of common interest, unlocking access to funding and integration into Europe’s energy infrastructure.

Symbio to cut 350 jobs after Stellantis strategic withdrawal

The withdrawal of Stellantis weakens Symbio, which is forced to drastically reduce its workforce at the Saint-Fons plant, despite significant industrial investment backed by both public and private stakeholders.
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JERA and Newlab partner to scale up industrial testing of CO₂ capture technologies
Japan's JERA has entered a strategic partnership with Newlab in New Orleans to fast-track the commercialisation of carbon capture solutions for power generation facilities.
Carbonova raises C$5.1mn to launch industrial nanofibre demonstrator in Calgary
The Canadian start-up has secured financing to complete a C$13.6mn project aimed at converting captured CO₂ and natural gas into high-value carbon nanofibres.

Enbridge forecasts EBITDA up to CAD20.8bn for 2026 and raises dividend

Enbridge has announced a 3% increase in its annual dividend for 2026 and expects steady revenue growth, with up to CAD20.8bn ($15.2bn) in EBITDA and CAD10bn ($7.3bn) in capital investment.
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Axess Group signs strategic agreement with ARO Drilling in Saudi Arabia
Axess Group has signed a memorandum of understanding with ARO Drilling to deliver asset integrity management services across its fleet, integrating digital technologies to optimise operations.
Eskom forecasts $937 million profit for 2026 fiscal year
South African state utility Eskom expects a second consecutive year of profit, supported by tariff increases, lower debt levels and improved operations.
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Viridien launches seismic reimaging programme over block 22 in Angola
ExxonMobil shuts down steam cracker in Singapore and redirects assets to China
Finnish SEATOM joins NATO’s 2026 defence tech acceleration programme
Scatec commissions second 60 MW solar phase in Botswana
Germany locks in food-based biofuels and restructures carbon quota system
thyssenkrupp nucera returns to profit despite sales decline in 2024/2025
Despite a drop in sales, thyssenkrupp nucera ends fiscal year 2024/2025 with operating profit, supported by stable electrolysis performance and positive cash flow.
Iberdrola reshapes its portfolio to become a leader in transatlantic regulated networks
By divesting assets in Mexico, France and Eastern Europe, Iberdrola reduces exposure to non-strategic markets to strengthen its positions in regulated networks in the United Kingdom, the United States and Brazil, following a targeted capital reallocation strategy.

Iberdrola launches a public offer to acquire 100% of Neoenergia in Brazil

Iberdrola offers to buy the remaining 16.2% of Neoenergia for 32.5 BRL per share, valuing the transaction at approximately €1.03bn to simplify its Brazilian subsidiary’s structure.
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Paratus receives $38mn payment in Mexico through government fund
Paratus Energy Services collected $38mn via its subsidiary Fontis Energy for overdue invoices in Mexico, supported by a public fund aimed at stabilising supplier payments.
CrossBoundary Energy raises $200mn with Standard Bank and MIGA guarantee for industrial projects in Africa
CrossBoundary Energy secures a $200mn multi-project debt facility, backed by Standard Bank and a $495mn MIGA guarantee, to supply solar and storage solutions for industrial and mining clients across up to 20 African countries.

Mercuria raises $2.3bn to strengthen its energy presence in Asia

Mercuria finalises an Asian syndicated loan refinancing with a 35% increase from 2024, consolidating its strategic position in the region.
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Major US companies increase their presence at COP30 despite Washington
Sixty Fortune 100 companies are attending COP30, illustrating a growing disconnect between federal US policy and corporate strategies facing international climate regulations.
Tanmiah launches geothermal poultry site and signs three strategic energy agreements
Tanmiah Food Company signed three memorandums of understanding to reduce its emissions and launched the region’s first poultry facility cooled by geothermal energy, in alignment with Saudi Arabia’s industrial ambitions.

ExxonMobil freezes Baytown, major blow to US blue hydrogen sector

ExxonMobil’s pause of the Baytown project highlights critical commercial gaps and reflects the impact of US federal cuts to low-carbon technologies.
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Subsea7 reports 27% increase in adjusted EBITDA in third quarter
Subsea7 posted higher operating profit and a record order backlog, supported by long-term contracts in the Subsea and Renewables segments.
Adnoc strengthens ties with China through new energy deals in Shanghai
Adnoc signed multiple agreements with Chinese groups during CIIE, expanding commercial exchange and industrial cooperation with Beijing in oil, gas and petrochemical materials.

Cenovus raises $2.6bn in bonds and announces debt buyback

Cenovus Energy completed a $2.6bn cross-border bond issuance and plans to repurchase over $1.7bn in maturing notes as part of active debt management.
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Siemens Energy invests €2bn in transformer plants to secure growth
The German group is concentrating its industrial investments on Grid Technologies to expand capacity in a strained market, while maintaining an ambitious shareholder return programme.
Datang launches green hydrogen complex at Duolun integrated into coal-to-chemicals
State-owned Chinese group Datang commissions a project combining renewable energy and green hydrogen within a coal-to-chemicals complex in Inner Mongolia, aiming to reduce stranded asset risks while securing future industrial investments.

German Möhring signs agreement in Mauritania for green hydrogen project

Möhring Energie Group commits to a green hydrogen and ammonia production project in Mauritania, targeting European markets from 2029, with an initial capacity of 1 GW.
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Enerfip acquires Lumo and exceeds 50% market share in France
Enerfip completes its first external growth operation by acquiring Lumo from Société Générale, consolidating its position in France’s energy-focused crowdfunding market.
Schneider Electric signs $1.9bn deal to cool AI data centres
French group Schneider Electric will supply Switch with cooling and power systems for a major project in the United States, as energy demand driven by artificial intelligence intensifies.

Air Liquide puts its first hydrogen trucks into operation in the Netherlands

Air Liquide deploys two hydrogen-powered heavy-duty trucks for its logistics operations in the Rotterdam area, marking a step in the integration of low-emission solutions in freight transport.
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PowerChina accelerates its investments in renewable energy in Africa
Chinese group PowerChina is strengthening its hydroelectric, solar and gas projects across the African continent, aiming to raise the share of its African revenues to 45% of its international activities by 2030.
Lhyfe signs contract to supply 200 tonnes of certified renewable hydrogen
French hydrogen producer Lhyfe will deliver over 200 tonnes of RFNBO-certified hydrogen to a heavy mobility operator under a multi-year contract effective since 1 November 2025.