Azerbaijan

Gauss Fusion unveils Europe’s first industrial design for a fusion power plant

Gauss Fusion has released a full-scale plan for GIGA, its first commercial fusion power plant, amid Germany’s growing ambition to lead the future energy race.

Chinese refineries cut Iranian crude purchases by 46% in September

Import quotas exhaustion and falling demand push Chinese independent refineries to sharply reduce Iranian crude volumes, affecting supply levels and putting downward pressure on prices.

US sanctions hit NIS, a key player in Serbia’s oil market

Serbian oil company NIS, partially owned by Gazprom, faces newly enforced US sanctions after a nine-month reprieve, testing the country's fuel supply chain.
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Used oil imports multiply twentyfold under pressure from biofuels

Global demand for biofuels is driving a sharp increase in used oil imports to Europe and the United States, straining global feedstock supply chains, according to the International Energy Agency.

Bercy veto blocks ABB’s attempt to acquire Legrand

ABB made several attempts to acquire Legrand, but the French government opposed the deal, citing strategic concerns linked to data centres.

Oversupply pushes natural carbon credit price to 2025 low

The price of nature-based carbon credits dropped to $13.30/mtCO2e in October as a 94% surge in September issuances far outpaced corporate demand.
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Launch of a €400,000 local fundraising campaign for a wind farm in Brittany

Wpd launches a crowdfunding campaign to support the construction of the Bréhand wind farm, aiming to raise €400,000 from residents with a fixed annual interest rate of 7%.

CVE installs 140 kWc agrivoltaic demonstrator on cattle farm

French independent producer CVE has commissioned an agrivoltaic pilot project in Haute-Loire, aiming to test solar panel integration on a cattle farm ahead of a future 12 MWc installation.

EDF lowers expected output of Flamanville EPR to 1,585 MW

EDF anticipates a 35 MW decrease in output for the Flamanville EPR between 2026 and 2031, citing a degraded performance level with no official technical explanation to date.
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French electricity pricing reform raises concerns over increased consumer exposure

A parliamentary report questions the 2026 electricity pricing reform, warning of increased market exposure for households and a redistribution mechanism lacking clarity.

Singapore distillate stocks rise above 10 million barrels

Singapore’s gasoil and kerosene inventories reached a three-month high after a sharp weekly drop in net exports, supported by a marked increase in imports from Northeast Asia.

Chevron opens new tech hub in Bengaluru to support global projects

Chevron India expands its capabilities with a 312,000 sq. ft. engineering centre in Bengaluru, designed to support its global operations through artificial intelligence and local technical expertise.
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Plug Power appoints Jose Luis Crespo as incoming CEO starting March 2026

Plug Power has announced the appointment of Jose Luis Crespo as President effective October 10, before assuming the role of Chief Executive Officer once the company publishes its annual report, expected in March 2026.

Orsted cuts 2,000 jobs and refocuses on strategic markets

Danish group Orsted will cut a quarter of its workforce by 2027 and reduce its exposure to the United States, relying on a $9.4 billion recapitalisation to consolidate its development in Europe and Asia.

Geronimo Power inaugurates 125 MW solar project in Michigan

Geronimo Power celebrated the near completion of its 125 MW solar farm in Jackson County, marking a major step for the local economy and regional power grid.
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Base Power raises $1bn to strengthen its residential storage network in the United States

US-based startup Base Power secures $1bn in Series C funding to boost domestic energy equipment production and expand its distributed storage platform nationwide.

Waga Energy commissions 60 GWh biomethane unit in Iowa

Waga Energy has launched a biomethane production unit in Davenport, Iowa, in partnership with the Scott County Waste Commission and Linwood Mining and Minerals, with an annual capacity exceeding 60 GWh.

CETY secures contract for battery storage projects in New York

Clean Energy Technologies has signed a letter of intent to lead multiple battery energy storage system projects across New York State, with each site planned for 5 MW of capacity.
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Terra Innovatum secures shareholder approval for $130mn merger deal

The merger between Terra Innovatum and GSR III Acquisition Corp. includes $130mn in proceeds aimed at supporting the industrial development of its SOLO™ micro-nuclear reactor.

CMSI opens final consultation on global consolidated mining standard

CMSI launches a public consultation until 17 November to finalise a common mining standard designed to simplify industrial requirements and strengthen global adoption.

Sinopec connects five provinces with 1,500 km hydrogen corridor along Yangtze River

Sinopec reaches a milestone in hydrogen logistics with a 1,500 km journey from Shanghai to Hubei, supported by a network of 146 stations and 11 supply centres.

Fortescue signs with Envision to develop 132 MW of wind power in the Pilbara

Fortescue has selected Envision Energy to supply next-generation turbines in Australia, the first step in a project targeting 2 to 3 GW of renewable generation backed by batteries.

EVE Energy signs 500MWh with CommVOLT to accelerate European storage

EVE Energy seals a 500MWh strategic agreement with CommVOLT in Europe for commercial and industrial storage at Solar & Storage Live UK 2025, as its five MWh direct current system enters deployment.
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Energy Vault secures additional $50mn to support storage project development

Energy Vault Holdings has secured $50mn in debenture financing, complementing a $300mn preferred equity investment, to support the development of its large-scale energy storage projects.

H2med Alliance expands to 49 members with reinforced political support

Meeting in Berlin, the H2med Alliance formalised the integration of 40 new industrial members and received increased government backing to accelerate the development of Europe's hydrogen corridor.

Spruce Power cuts jobs and closes Denver office to save $20mn annually

Spruce Power launches an internal reorganisation aimed at reducing annual operating costs by $20mn, with the closure of its Denver office and a refocus on key initiatives to strengthen profitability.
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Africa to increase installed solar capacity by 42% in 2025

Africa's photovoltaic market is expected to grow rapidly with 23 GW of new installations projected by 2028, according to Global Solar Council forecasts.

United States offers India a way out of Russian oil amid trade tensions

Washington offers New Delhi an alternative to its Russian imports while maintaining tariff pressure, exposing a double standard in US energy policy.

North Atlantic takes over Esso France and its strategic Gravenchon refinery

Canadian group North Atlantic will acquire ExxonMobil’s stake in Esso France, including the country’s second-largest refinery, with the ownership change expected by the end of 2025.
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Tehran faces heavy sanctions 48 hours before nuclear deal expiration

Iran has less than two days to avoid the reinstatement of United Nations sanctions, as Europeans and the United States deem its nuclear commitments insufficient.

TotalEnergies adjusts share buybacks and strengthens employee shareholding for 2026

TotalEnergies’ Board of Directors is adjusting its shareholder return strategy while consolidating its multi-energy growth and employee shareholding plan amid an uncertain energy and geopolitical landscape.

BP delays global oil demand peak to 2030

BP revises its annual forecast and now expects global oil demand to grow until 2030, due to slower worldwide energy efficiency gains.
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Jiangsu commissions 240 MWh on-site battery at Taizhou steel facility

A steel site in Taizhou now hosts Jiangsu’s largest behind-the-meter energy storage system, with 120 MW of output and 240 MWh of capacity, developed by Jingjiang Taifu New Energy.

Fermi America signs two energy deals with Siemens Energy for 2 GW in 2026

Fermi America has signed two letters of intent with Siemens Energy to supply an additional 1.1 GW of gas turbines and collaborate on nuclear steam turbines as part of its 11 GW private energy campus dedicated to artificial intelligence.

Aker invests $285mn in Nscale and acquires 9.3% equity stake

Aker becomes one of Nscale’s largest shareholders following a $1.1bn funding round, reinforcing its exposure to large-scale artificial intelligence infrastructure.
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TerraPower and Evergy launch feasibility study for advanced reactor in Kansas

TerraPower, Evergy and Kansas economic authorities are assessing the deployment of a Natrium reactor and energy storage system under a memorandum of understanding focused on site selection.

Orsted restarts construction of Revolution Wind offshore project in the United States

Orsted has resumed work on its Revolution Wind offshore wind farm, previously halted by federal authorities, after a court ruling allowed construction to continue despite ongoing legal action from the U.S. government.

Oil majors cut 2026 budgets and increase shareholder returns

Oil companies are preparing for a tough 2026 with lower investments, focusing on financial discipline and cash flow redistribution at the expense of low-return projects.
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Braille Energy takes over high-performance lithium battery distribution from Tony Christian Racing

Braille Energy Systems will directly integrate the distribution of its lithium battery line for drag racing, previously managed by Tony Christian Racing, consolidating its motorsport operations starting October 1.

North Atlantic signs to acquire Esso S.A.F. from ExxonMobil before end of 2025

North Atlantic finalises agreement to acquire ExxonMobil’s stake in Esso S.A.F., marking a decisive step in a strategic transfer in France. Completion remains subject to regulatory approvals expected this quarter.