China

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.

India extends small reactor tender by six months to broaden industrial participation

Nuclear Power Corporation of India Ltd has pushed the Bharat Small Reactors proposal deadline to 31 March 2026, aiming to expand private sector engagement in the captive nuclear energy project.

Aramco takes control of Petro Rabigh with $702 million acquisition

Aramco becomes Petro Rabigh's majority shareholder after purchasing a 22.5% stake from Sumitomo, consolidating its downstream strategy and supporting the industrial transformation of the Saudi petrochemical complex.
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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.

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.
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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.

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.
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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.

Iberdrola plans €58 billion investment to boost growth by 2028

Iberdrola plans to invest EUR58bn ($61.83bn) by 2028, targeting a net profit of EUR7.6bn ($8.10bn), focusing on power grids and key markets such as the United Kingdom and the United States.

BayWa r.e. commissions 47 MWp solar park in France for Commerz Real

The Amance solar park, now owned by Commerz Real’s Klimavest fund, has entered production with a capacity of 47 MWp, confirming the investor’s strategy in the French market.

Envision Energy enters strategic partnership with ANZ to support its expansion in Australia

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.
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Wood Mackenzie partners with Novi to strengthen analysis of 4.4 million Lower 48 wells

Wood Mackenzie has entered into a strategic partnership with Novi Labs to integrate proprietary well-level production data and advanced lease-to-well algorithms into its Lens Lower 48 solution, covering more than 20% of global oil and gas supply.

Frontier launches full-scale carbon management platform for the ethanol sector

Frontier Infrastructure, in partnership with Gevo and Verity, rolls out an integrated solution combining rail transport, permanent sequestration, and digital CO₂ tracking, targeting over 200 ethanol production sites in North America.

Boviet Solar increases its module production capacity to 3 GW in the United States

Boviet Solar expanded its Greenville plant with a third production line, raising its annual photovoltaic module capacity to 3 GW as part of an industrial investment exceeding $400mn.
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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.

Oklo begins construction of its first Aurora fast reactor in the United States

Nuclear company Oklo has officially broken ground on its Aurora-INL reactor in Idaho, marking a concrete step toward the commercial deployment of a sodium-cooled fast reactor.

TETRA triples bromine resources and identifies magnesium in Arkansas

TETRA Technologies announces a sharp increase in mineral resources in Arkansas, including bromine, lithium, and for the first time magnesium and manganese, across its 40,000 acres of brine concessions.
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Sempra sells 45% of infrastructure subsidiary for $10bn and refocuses on utilities

Sempra divests a majority stake in Sempra Infrastructure Partners to a consortium led by KKR for $10bn, valuing the entity at $31.7bn, while launching phase 2 of the Port Arthur LNG terminal for $14bn.

LanzaJet and KMG launch engineering phase of Kazakhstan’s first SAF project

LanzaJet and state-owned KazMunayGas have reached a decisive milestone towards building Kazakhstan’s first sustainable aviation fuel plant, with the immediate start of the engineering phase.

Trump threatens IEA with withdrawal if anti-oil stance is not revised

Under pressure from Washington, the International Energy Agency reintroduces a pro-fossil scenario in its report, marking a shift in its direction amid rising tensions with the Trump administration.
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Schneider Electric equips 24 industrial sites with solar energy through GreenYellow in France

Schneider Electric partners with GreenYellow to solarise 24 industrial sites in France, reaching an installed capacity of 16.9 MWp as part of a large-scale self-consumption energy programme.

France: Urbasolar commissions 10 MWc solar park on former military site

The new solar park in Amilly, Loiret, redevelops nine hectares of former military land and now generates electricity for over 5,500 people.

Storengy secures three key permits for underground hydrogen storage in northeastern France

Storengy strengthens its footprint in the Grand Est region with two new exploration permits, expanding its research programme on underground hydrogen storage.
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SPIE secures national contract with EDF for cryogenic operations

SPIE Nucléaire wins a contract for cryogenics across EDF’s nuclear fleet, strengthening its role in maintenance operations without production shutdowns.

France: Créteil inaugurates the largest renewable hydrogen station powered by waste

The H2 Créteil station, powered by an Energy Recovery Unit, will produce up to two tonnes of renewable hydrogen per day starting in October 2025.

Serbia to renew gas contract with Russia in October despite tensions

A new three-year gas import agreement will be signed between Belgrade and Moscow, as Serbia’s energy ties face growing diplomatic scrutiny from the West.
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Ørsted restarts Revolution Wind construction after US court ruling

A federal court authorises Ørsted to continue construction on its offshore wind farm Revolution Wind, halted by an administrative order in August, while the group secures DKK60bn to finance Sunrise Wind.

European and Iranian ministers meet in New York to avoid return of sanctions

European and Iranian foreign ministers meet in New York to try to prevent the reinstatement of UN sanctions linked to Tehran’s nuclear programme.