South Korea

European Energy increases the capacity of its Måde Power-to-X site to 8.1 MW, with a new electrolyser in service and ongoing tests for commercial production in 2026.
China's electricity market overhaul improves the profitability of energy storage, supporting a rapid increase in battery exports as global demand rises with data centres and power grids.

Canberra imposes mandatory gas reserve to secure domestic supply

The Australian government will require up to 25% of gas extracted on the east coast to be reserved for the domestic market from 2027, in response to supply tensions and soaring prices.
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South Korea’s Tilda accelerates its entry into Vietnam with an artificial intelligence-based energy optimisation solution for solar and energy storage systems in the manufacturing sector.
T1 Energy will supply Treaty Oak with 900MW of solar modules over three years, leveraging domestically produced cells from Austin to meet increasing regulatory requirements.

Baker Hughes to supply six LM9000 turbines for Commonwealth LNG terminal

Baker Hughes will deliver six gas refrigeration trains for Commonwealth LNG’s 9.5 mtpa export project in Louisiana, under a contract with Technip Energies.
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Trump Media & Technology Group and TAE Technologies unite in a transaction valued at USD6 billion to launch one of the first publicly traded companies focused on fusion energy.
Caracas says Iran has offered reinforced cooperation after the interception of two ships carrying Venezuelan crude, amid escalating tensions with the United States.

Washington seizes second Venezuela-linked oil tanker in the Caribbean

US authorities intercepted a second oil tanker carrying Venezuelan crude, escalating pressure on Caracas amid accusations of trafficking and tensions over sanctioned oil exports.
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UK-based manufacturer Awendio Solaris plans to build a 2.5 GW solar industrial platform, expandable to 5 GW, in Quebec, targeting North American markets with a 100% regional supply chain.
Zefiro Methane, through its subsidiary Plants & Goodwin, completes an energy conversion project in Pennsylvania and plans a new well decommissioning operation in Louisiana, expanding its presence to eight US states.

RWE and Indiana Michigan Power secure 200 MW deal in Indiana

RWE signed a 15-year power purchase agreement with Indiana Michigan Power for the Prairie Creek project, aimed at supporting Indiana’s growing electricity demand starting in 2028.
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US-based Armada has signed a memorandum of understanding with the Department of Energy to participate in the Genesis Mission, aimed at accelerating scientific research and reinforcing national energy and technology sovereignty.
Plug Power has completed the installation of a 5 MW PEM electrolyzer for Cleanergy Solutions Namibia, marking the launch of Africa’s first fully integrated green hydrogen production and distribution site.

California Resources finalises asset transfer with Berry Corporation for $253mn

California Resources Corporation completed an all-stock asset transfer with Berry Corporation, strengthening its oil portfolio in California and adding strategic exposure in the Uinta Basin.
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Gevo receives high-quality assessment for its carbon capture credits in North Dakota, strengthening the commercial value of its certificates in the voluntary carbon markets.
esVolta finalises investment tax credit transfer for its Black Walnut storage project to Computacenter, marking a first-of-its-kind operation within its California energy portfolio.

TOPCon 4.0 vs HJT: the financial trade-off in the solar sector in 2026

As the photovoltaic industry enters a phase of deep restructuring, the duel between TOPCon 4.0 and heterojunction technologies is redefining manufacturers’ margins. In 2026, reducing production costs becomes the primary strategic lever for global market leaders.
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JA Solar and Trinasolar top Wood Mackenzie’s latest semiannual ranking despite a sector-wide net loss of $2.2 billion. Industrial leaders are strengthening their grip on global photovoltaic module supply through rigorous financial discipline.
Peregrine Energy Solutions has begun construction on a 500 MWh storage project in Texas, relying on Wärtsilä's technology and WHC's engineering expertise to enhance ERCOT grid flexibility.
Venture Global has signed a liquefied natural gas sales agreement with Atlantic-See LNG Trade S.A., a newly formed Greek joint venture, to supply 0.5 million tonnes annually starting in 2030, reinforcing regional energy security.
The Trump administration will launch on December 10 a major oil lease sale in the Gulf of Mexico, with a second auction scheduled in Alaska from 2026 as part of its offshore hydrocarbons expansion agenda.

Trump grants Orban oil exemption in exchange for US gas deal

The United States grants Hungary a one-year waiver on sanctions targeting Russian oil, in return for a commitment to purchase US liquefied natural gas worth $600mn.
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The US group increased its dividend and annual production forecast, but the $1.5bn rise in costs for the Willow project in Alaska is causing concern in the markets.
ExxonMobil joins a Greek energy consortium to explore a gas field in the Ionian Sea, strengthening its presence in the Eastern Mediterranean after Chevron, amid post-Russian energy diversification efforts.

Vestas boosts quarterly profit and announces €150mn share buyback

The Danish wind turbine manufacturer doubled its net profit in the third quarter despite complex market conditions, supported by increased onshore deliveries and order growth.
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Engie maintains its 2025 earnings guidance despite falling energy prices and weaker hydro output, relying on its performance plan and a stronger expected fourth quarter.
Transition Industries signed a long-term purchase agreement with Mitsubishi Gas Chemical for the annual supply of 1mn tonnes of ultra-low carbon methanol starting in 2029, from its Pacifico Mexinol project in Mexico.

BridgePeak grants $144mn loan for 112.5MW solar farm in North Carolina

Developer Headwater Energy secured $144mn in financing arranged by BridgePeak Energy Capital to build a 112.5MW solar plant, expanding its portfolio in the southeastern United States.
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The funding round led by Trident Ridge and Pelion Ventures will allow Creekstone Energy to launch construction of its hybrid-generation site designed for AI-optimised data centres.
ONE Nuclear Energy publishes a virtual presentation for investors detailing its industrial vision, ahead of its merger with Hennessy Capital Investment Corp. VII expected in the first half of 2026.

Support for nuclear grows in the US as coal plants are repurposed

A majority of Americans now back nuclear energy, with strong approval for converting coal plants into nuclear sites and increasing public investment in sector technologies.
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Thermal Energy International has won two new turnkey projects worth a total of CAD1.5mn ($1.09mn) from a global nutrition group, strengthening a collaboration initiated in 2019.
Plus Power secured $160mn in tax equity investments from Morgan Stanley to fund two battery storage facilities in Massachusetts and Maine, the largest ever developed in New England.

Nel ASA secures over $50mn PEM order for two hydrogen projects in Norway

Norwegian group Nel ASA has received a firm order worth over $50mn to supply its PEM electrolysers for two green hydrogen production units in Florø and Eigersund.
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Driven by aerospace, industrial gas, and hydrogen investment, the global liquid hydrogen micro-storage systems market is projected to grow 9% annually through 2034.
Mass Megawatts unveils a new low-cost hydroelectric system with a payback period of under two years at optimal sites, relying on modular structures and standardised components.

Air Products posts $394mn net loss in 2025 and streamlines energy project portfolio

The US group reported a $877mn operating loss for fiscal year 2025, impacted by $3.7bn in charges related to project exits and restructuring.
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Matrix Renewables and SOLV Energy have completed construction of the Stillhouse Solar plant, a 284 MW project in Bell County, representing over $370mn in private investment and 320 jobs created.
The suspension of ARCHES is not slowing hydrogen initiatives in California, where public authorities are accelerating projects for production, transport and use of the fuel in local infrastructure.