South Korea

Indonesia Energy Corporation partners with Aquila Energia to develop two pilot projects combining solar and natural gas to power data centres in Brazil, under a non-binding framework supported by both governments.
US authorities have authorised a unit at Talen Energy’s Wagner plant in Maryland to operate beyond regulatory limits until the end of 2025 to strengthen grid reliability.

Scout Clean Energy completes construction of Nimbus wind farm in Arkansas

The 180 MW Nimbus wind project enters its final phase of construction in Arkansas, with commercial operation scheduled for early 2026.
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ERCOT’s grid adapts to record electricity consumption by relying on the growth of solar, wind and battery storage to maintain system stability.
Helion Energy’s Orion fusion power plant project moves forward with a construction permit in Washington State, reinforcing the company’s industrial ambitions for a commercial launch in 2028.

BP restarts Whiting refinery after power outage and fire

Operations at BP’s 440,000 barrel-per-day Whiting refinery have resumed following a temporary shutdown caused by a power outage and a minor fire incident.
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LanzaTech has signed revised agreements with LanzaJet’s shareholders, increasing its equity stake and extending its technology licensing rights through 2031.
Enilive aligns conversions in Italy, hubs in Asia and U.S. diversification, with rising HVO margins, integrated pretreatment and HVO/SAF offtakes tied to European requirements, supporting volumes, site utilization and operational guidance.

Hungary seeks to maintain Russian oil imports despite sanctions

Viktor Orban says he is working to bypass recent US sanctions targeting Rosneft and Lukoil, underscoring Hungary’s continued reliance on Russian hydrocarbons.
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Menlo Digital has started construction on its MD-DC1 data centre in Herndon, marking a key step in its national development programme exceeding 1.8 GW.
Venezuela demands full financial compensation for any gas exports from the offshore Dragon field, reactivated following U.S. authorisation granted to Trinidad and Tobago.

Washington hits Rosneft and Lukoil, EU tightens, Brent climbs

U.S. sanctions targeting Rosneft and Lukoil trigger a rebound in oil, while the European Union prepares a clampdown on liquefied natural gas and maritime logistics, with immediate repercussions for markets and Russia’s export chain.
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Vema Hydrogen has been named a qualified supplier by the First Public Hydrogen Authority to deliver clean hydrogen at industrial scale to California’s public and private infrastructure.
NANO Nuclear strengthens its North American strategy by acquiring Global First Power in Canada, securing regulatory rights for its KRONOS MMR™ project at Chalk River.

Vistra acquires 2.6 GW gas portfolio from Lotus Infrastructure

Vistra Corp. finalises the purchase of seven natural gas power plants totalling 2.6 gigawatts, strengthening its presence in key US electricity markets.
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Rising responses to UNEP’s satellite alerts trigger measurement, reporting and verification clauses; the European Union sets import milestones, Japan strengthens liquefied natural gas traceability; operators and steelmakers adjust budgets and contracts.
Buffalo Biodiesel CEO Sumit Majumdar expands his reach in private equity by joining Verite Capital Partners, a firm focused on backing growth companies and underserved markets.

T1 Energy raises $72mn through direct offering to US institutional investors

T1 Energy secured $72mn via a direct offering of over 22 million common shares, aiming to strengthen its cash position and fund energy technology and infrastructure projects.
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US developer Cypress Creek Renewables has closed financing for the Sundance project, combining 75MWac of solar with 200MWh of storage, with commissioning expected by late 2026.
US-based solar developer Ampliform secured a loan facility of up to $165mn to support large-scale energy projects in key regional markets, with a focus on the PJM grid.
Talks between Iran and the E3 group have not succeeded, leaving the return of economic sanctions looming, which could heavily affect Iran’s oil sector.
Caracas steps up its military posture in response to the United States’ naval deployment in the Caribbean, which the Venezuelan government accuses of having strategic designs on its oil and gas resources.

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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HIF Global has chosen American-made electrolyser technology from Electric Hydrogen for its large-scale e-methanol production project in Texas, marking a major industrial milestone in the synthetic fuels sector.
Natural gas executives report delays due to turbines, steel and legal risk, even as federal approval timelines improve.

ERCOT surpasses California with 14.2 GW of battery storage capacity

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.
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The European Commission is preparing a new sanctions package including an accelerated ban on Russian liquefied natural gas, with negotiations already underway among member states.
Port congestion in Australia has boosted Russian and Indonesian coal exports to South Korea, with both now dominating the market due to lower prices and reliable delivery schedules.

Greenlane secures $7.9mn in biogas desulfurization equipment orders across Europe

Canadian supplier Greenlane recorded $7.9mn in third-quarter orders through its subsidiary Airdep, confirming growing demand for its biogas desulfurization systems in Europe and the Americas.
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The sale of ODIN™ technology to Cambridge Atom Works allows NANO Nuclear to refocus on its modular gas reactor portfolio while capitalising on potential royalty revenue.
Japanese manufacturer Daikin has signed a five-year agreement with ENGIE North America to supply solar electricity to its Texas sites, including its main North American production centre.

Virtual power plant capacity reaches 37.5 GW as corporate activity drives growth

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.
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The United States is funding a new high-voltage line to integrate Moldova into the European electricity market, following the cutoff of supplies from the separatist Transnistria region.
The US investment bank is restructuring its operations by merging its energy and utilities divisions to form a global power and energy unit.

Brussels and Washington prepare new energy sanctions against Moscow

The European Commission and the United States plan to intensify their economic measures against Russia, targeting the energy sector and cryptocurrencies in a new sanctions package.
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The consortium led by Adnoc ends its acquisition plans for Santos, the Australian liquefied natural gas supplier, citing commercial and contractual factors that impacted the evaluation of its offer.
Facing falling Chinese prices and unstable energy policies in the United States, Swiss solar module manufacturer Meyer Burger announces the end of its recovery efforts.

Paris, Berlin and London give Iran ten days to avoid reinstated sanctions

European powers demand concrete steps from Tehran on nuclear issue or United Nations sanctions will be reinstated, as IAEA inspections remain blocked and tensions with Washington persist.
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Elcogen opens a 14,000 m² facility near Tallinn, increasing annual capacity to 360 MW for Solid Oxide fuel cells and electrolysers, with backing from Baker Hughes and HD Hyundai.
Russia and Indonesia overtook Australia as South Korea's top thermal coal suppliers in August, driven by lower prices and more reliable logistics amid persistent Australian shipment delays.