Antoine James

Veolia and TotalEnergies formalise a strategic partnership focused on water management, methane emission reduction and industrial waste recovery, without direct financial transaction.
The Japanese group has started construction of a 20MW battery energy storage system in Hokkaido, aiming for commissioning in 2027 with support from PowerX and Kyocera Communication Systems.

Nightpeak Energy commissions 150 MW battery to support Texas grid

Nightpeak Energy has launched commercial operations of Bocanova Power, a 150 MW battery storage facility near Houston, to meet rapidly growing energy demand in Texas.
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North Atlantic and ExxonMobil have signed an agreement for the sale of ExxonMobil’s stake in Esso S.A.F., a transaction subject to regulatory approvals and financing agreements to be finalised by the end of 2025.
Neoen has launched construction of its first long-duration battery in Muchea and commissioned the second stage of Collie Battery, bringing its storage capacity in Western Australia to 3,145 MWh.

Canada injects CAD22mn to boost battery sector with eight domestic projects

Ottawa invests CAD22mn ($16.1mn) to support eight technology initiatives aimed at strengthening innovation, local production, and competitiveness in the country's battery supply chain.
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The Canadian pension fund takes a strategic minority stake in AlphaGen, a 11 GW U.S. power portfolio, to address rising electricity demand from data centres and artificial intelligence.
Minnesota’s public regulator has approved the $6.2bn acquisition of energy group Allete by BlackRock and the Canada Pension Plan, following adjustments aimed at addressing rate concerns.

Clariant targeted by BP and ExxonMobil in ethylene case

The Swiss chemical group faces two new lawsuits filed in Germany, bringing the total compensation claims from oil and chemical companies to over €3.5bn ($3.7bn) in the ethylene collusion case.
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Statkraft continues its strategic shift by selling its district heating unit to Patrizia SE and Nordic Infrastructure AG for NOK3.6bn ($331mn). The deal will free up capital for hydropower, wind, solar and battery investments.
Petronas Gas restructures its operations by transferring regulated and non-regulated segments into separate subsidiaries, following government approval to improve transparency and optimise the group’s investment management.

Marubeni creates power trading joint venture with SmartestEnergy in Japan

Marubeni Corporation has formed a power trading unit in joint venture with UK-based SmartestEnergy, targeting expansion in Japan’s fast-changing deregulated market.
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Neoen begins construction of its first six-hour discharge battery in Western Australia and commissions the second phase of Collie, surpassing 3 GWh of storage capacity in the State.
Exxon Mobil plans to reduce its Singapore workforce by 10% to 15% by 2027 and relocate its offices to the Jurong industrial site, as part of a strategic investment shift.

Phoenix Energy begins trading preferred shares on NYSE American under PHXE.P

Phoenix Energy raised $54.08mn through a preferred stock offering now listed as PHXE.P on NYSE American, with an initial dividend scheduled for mid-October.
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TotalEnergies plans to increase its energy production by 4% annually until 2030, while reducing global investments by $7.5bn amid what it describes as an uncertain economic environment.
Transgrid plans to contract up to 5 GW of grid-forming batteries to strengthen the stability of New South Wales’ electricity network during the energy transition.

Occidental in talks to sell OxyChem in a $10bn deal

Occidental Petroleum is considering selling its chemical subsidiary OxyChem for $10bn, a transaction that forms part of its deleveraging strategy launched after several major acquisitions.
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The US energy storage market set a quarterly record with 5.6 GW installed, driven by utility-scale projects despite ongoing regulatory uncertainty.
ABO Energy is assessing a shift to independent power production by operating its own renewable parks, signalling a major strategic move in a market that has become more favourable.
Envision Energy strengthens its commercial strategy in Australia through a new agreement with ANZ to finance energy projects and develop local supply chains in renewables.
Thermal Energy International posted record revenue for fiscal 2025 despite a quarterly decline, supported by a strong recovery in orders at the start of fiscal 2026.

OCI Energy secures construction financing for 480 MWh battery in Texas

OCI Energy has finalised construction financing with ING for the Alamo City project, a 480 MWh battery to be operated by CPS Energy from 2027 in Bexar County, Texas.
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The European Bank for Reconstruction and Development invests $100mn in a DenizBank green bond to expand sustainable financing access and support capital markets in Turkey.
Palladio Partners and Voltfang join forces to deploy large-scale energy storage systems in Germany, targeting EUR250mn ($267mn) in investments by the end of 2029.

EVE Energy connects the world’s first 400MWh energy storage project to the grid

EVE Energy has commissioned in China a 400MWh energy storage system based on 628Ah cells, a world first that paves the way for large-scale industrialisation of ultra-high-capacity batteries.
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TotalEnergies launches construction of the final key infrastructures of the Gas Growth Integrated Project in Iraq, putting into execution all its oil, gas, solar and water components.
OMV terminated the contract of one of its executives after suspicions of spying for Russia, prompting the Austrian Ministry of Foreign Affairs to summon a Russian diplomat.

GridStor acquires 400 MWh storage project in Arizona from Strata Clean Energy

GridStor has acquired a 100 MW battery storage project in Arizona from Strata Clean Energy, under a 20-year tolling agreement with Arizona Public Service to meet rising power demand.
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Texas grid ERCOT becomes the top US battery storage market, contributing over half of national Q2 additions with 3.2 GW and overtaking California for the first time.
ABO-Group’s revenue reached €53.7mn ($57.2mn) in H1 2025, supported by targeted acquisitions and strong performance in France and the Netherlands.

Waaree Sustainable Finance invests in Warehouse Now to capture India’s logistics potential

Waaree Sustainable Finance has announced a strategic investment in Warehouse Now, a fast-growing on-demand warehousing company in India, reinforcing the group’s focus on structurally high-return sectors.
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North America's virtual power plant market expanded by 13.7% year-over-year, driven by a more than 33% increase in corporate deployments, end users, and monetised programmes.
The US investment bank is restructuring its operations by merging its energy and utilities divisions to form a global power and energy unit.

Hydrostor secures $55mn Canadian support for its storage project in Australia

The Canadian government grants $55mn funding to Hydrostor to support the development of its 200 MW Silver City storage project in New South Wales.
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Sion Power has developed a vacuum deposition technology enabling the production of ultra-thin lithium-metal anodes, doubling cell life and allowing large-scale industrial manufacturing.
Gibson Energy has received approval from the Toronto Stock Exchange to extend its normal course issuer bid, covering up to 7.5% of the public float over a one-year period starting 18 September.

PEMEX exceeds $9.9bn cap in bond repurchase offer

Petróleos Mexicanos received offers surpassing the $9.9bn cap set for its debt repurchase programme, resulting in oversubscription during the initial phase of the operation.
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The Peruvian power producer completed a cash tender offer for its 5.625% senior notes, reaching a participation rate of 68.39% at the close of the operation.
Gotion High-Tech will build a 100 GWh battery gigafactory in Kénitra, while Morocco’s power mix remains largely fossil-fuel based.