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International Petroleum accelerates Blackrod and completes USD 450mn bond refinancing

International Petroleum Corporation exceeded its operational targets in the third quarter, strengthened its financial position and brought forward production from its Blackrod project in Canada.

Western sanctions disrupt Lukoil’s international operations

Sanctions imposed by the U.S. and the U.K. are paralyzing Lukoil's operations in Iraq, Finland, and Switzerland, putting its foreign businesses and local partners at risk.

Vattenfall raises operating profit to SEK21.47mn amid nuclear repositioning

Swedish group Vattenfall improves its underlying operating result despite the end of exceptional effects, supported by nuclear and trading activities, in a context of strategic adjustment on European markets.
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European Investment Bank grants €90mn to modernise Olkiluoto

Finland’s Olkiluoto nuclear plant will receive a €90mn ($104mn) loan from the European Investment Bank to upgrade units I and II as part of a programme aiming to extend their operational lifespan.

Korkia and Evolution Power secure approval for 250 MW solar project in the UK

The UK government has authorised the construction of the Stonestreet Green Solar project, combining 150 MWp of solar capacity and 100 MW of battery storage, marking a major step for Korkia and Evolution Power’s infrastructure portfolio.

Kazakhstan begins negotiations to export uranium to Finland

Talks are underway between Astana and Helsinki to consider the delivery of Kazakh uranium for Finnish nuclear power plants, amid efforts to diversify energy export markets.
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Carbon removal investments hit $1 billion despite high operating costs

The carbon removal technology sector is expanding rapidly, backed by venture capital and industrial projects, yet high costs remain a significant barrier to scaling.

Italian court approves extradition of Ukrainian suspect in Nord Stream case

An Italian appeal court has approved the extradition to Germany of a former Ukrainian commander suspected of coordinating the 2022 sabotage of the Nord Stream gas pipeline, a decision now challenged in cassation.

Brussels renews push to end daylight saving time over energy inefficiency

The European Commission is reviving efforts to abolish daylight saving time, supported by several member states, as the energy savings from the practice are now considered negligible.
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Vantaan Energia selects Elisa Industriq to optimise 10 MW battery in Finland

Finnish energy company Vantaan Energia has selected Elisa Industriq’s Gridle service to operate its new energy storage system in Rekola, supporting national grid flexibility.

Liquid Wind and Umeå Energi launch 100,000-tonne eFuel plant in Sweden

The two partners finalise agreements to industrialise an eMethanol production site in Umeå, with commissioning scheduled for 2028 and a target of capturing 150,000 tonnes of CO₂ annually.

Finland leads race to host first Nordic fusion reactor, report finds

A technical study commissioned by Novatron Fusion Group identifies Finland as the most prepared country to host a fusion reactor, despite favourable conditions across the Nordic region.
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Oklo and newcleo announce $2bn nuclear partnership to strengthen US fuel supply

Oklo, newcleo and Blykalla partner to develop advanced nuclear fuel infrastructure in the United States, backed by a planned $2bn investment.

Minesto strengthens presence in South Korea with official Swedish delegation

Swedish ocean energy developer Minesto joined a high-level trade mission to South Korea to explore new cooperation opportunities in marine energy.

Lyten restarts BESS production in Gdańsk after acquiring Northvolt facility

Lyten has completed the acquisition of the Northvolt Dwa site in Poland, Europe’s largest energy storage system factory, and plans to deliver its first commercial units before the end of 2025.
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Metacon acquires assets from Hynion Sweden to boost hydrogen projects

Metacon acquired components from the bankruptcy estate of Hynion Sverige AB for SEK3.5mn ($320,000), aiming to support its hydrogen refuelling station projects in Sweden.

Liquid Wind secures €3.6mn for its eFuel project in Örnsköldsvik

Swedish company Liquid Wind has secured €3.6mn in public funding for the engineering phase of its eMethanol plant, integrated into a biomass-fuelled cogeneration site.

Nala Renewables acquires 250 MW storage portfolio in Finland

Nala Renewables strengthens its position in Finland with the acquisition of a battery energy storage portfolio exceeding 250 MW from Swiss developer Fu-Gen AG.
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Denmark strengthens maritime controls at Skagen Strait amid Russian shadow fleet activity

Denmark is intensifying inspections of ships passing through Skagen, a strategic point linking the North Sea and the Baltic Sea, to counter the risks posed by the Russian shadow fleet transporting sanctioned oil.

GVH and Samsung C&T seal global alliance for BWRX-300 reactors

GVH and Samsung C&T join forces to accelerate international deployment of BWRX-300 small modular reactors, with a strong focus on Sweden and the consolidation of the nuclear supply chain.
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Nankai Electric Railway signs PPA for 2MW floating solar power plant

Alfa Laval strengthens its portfolio with the acquisition of NRG Marine

Alfa Laval has signed an agreement to acquire NRG Marine, a UK-based company specializing in ultrasonic anti-fouling technology. This acquisition aims to enhance the group’s offering in the maritime, oil, and industrial sectors in response to the growing demand for these innovative solutions.

Blykalla launches an electric SMR prototype in Sweden

Swedish developer Blykalla has begun construction of a pilot facility to test a prototype of an advanced modular reactor. This project aims to validate key components and safety systems, with the support of industrial partners and public funding.

Lhyfe secures €11 million funding for a hydrogen plant in Sweden

Lhyfe has secured €11 million in funding from Sweden’s Klimatklivet program to build a renewable hydrogen production plant in Vaggeryd. This project is part of a broader strategy to develop a hydrogen supply network in Sweden.
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Sami’s Rights and Renewable Energies: Legal Disputes Shake Northern Europe.

At the heart of the vast northern expanses, Sami communities see their ancestral ways of life challenged by the rise of renewable projects. A factual narrative revealing the tensions between economic modernization and the preservation of millennia-old traditions.

NuScale and Alleima Strengthen Collaboration on Small Modular Reactors

Swedish manufacturer Alleima signs a second major order with Doosan Enerbility for the supply of steam generator tubes for NuScale Power's Small Modular Reactors (SMRs).

KHNP Strengthens Its Position in Europe with New Partnerships for SMR Development

Korea Hydro & Nuclear Power (KHNP) has signed memorandums of understanding with Scandinavian players to promote small modular reactors (SMRs) in the Norwegian and Swedish markets, aiming to strengthen its presence in Europe.
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The Clipper Eris becomes the first vessel capable of storing its CO2 at sea

A Norwegian shipowner has equipped an ethylene carrier with an onboard CO2 capture and storage system. The initiative could reduce its greenhouse gas emissions by 70%.

The largest Sand Battery optimizes Finnish district heating

This thermal storage infrastructure, combined with Elisa’s optimization, illustrates how energy flexibility helps reduce emissions and stabilize the electrical grid within a context of increasing district heating electrification.

The UK Denies Cost Surge in Sizewell C Nuclear Project

The British government refutes Financial Times claims about the doubling of costs for the Sizewell C nuclear power plant project led by EDF in eastern England.
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Norway sees Hydro acquire Hydrovolt for USD 7.6 million

Hydro has finalized the acquisition of all Hydrovolt shares, its former joint venture with Northvolt. This USD 7.6 million purchase aims to strengthen Hydro’s strategic position in battery recycling in Europe.

The Court of Audit Warns About Risks in EDF’s EPR2 Program

The Court of Audit highlights significant uncertainties surrounding the EPR2 program, revealing persistent financial and technical risks. A critical report calls for resolving these issues before proceeding with new investments.

Lithuania secures a strategic link with Poland for its European network

Lithuania strengthens the protection of the LitPol Link, its critical connection with Poland, ahead of its planned disconnection from the Russian power grid in February.
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Sweden welcomes a Strategic Partnership for Fusion Energy

Novatron Fusion Group and Oxford Sigma partner to accelerate the development of fusion power plants in Sweden, combining innovative technologies and advanced materials for reliable industrial solutions.

Norway Approves Halden for a 1200 MWe SMR Nuclear Plant

Halden Kjernekraft is studying the construction of a 1200 MWe nuclear power plant based on small modular reactors (SMR). This project could reshape Norway’s energy landscape.

Underwater Sabotage in the Baltic: Sweden Aids Investigation on the EstLink 2 Cable

An undersea cable linking Finland and Estonia has been damaged in the Baltic Sea. Suspected of belonging to the Russian "ghost fleet," the tanker Eagle S is at the center of investigations, reinforced by a Swedish naval vessel.
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The United Kingdom records 58% low-carbon electricity in 2024

The United Kingdom achieved a historic record of 58% low-carbon electricity in 2024, marking a key step in its energy transition and sending a strong signal to European political and economic actors.

Finland accuses Eagle S of sabotage affecting 40 km of undersea cable

A suspected sabotage of the EstLink 2 cable connecting Finland to Estonia results in travel bans for seven sailors. A thorough investigation highlights significant geopolitical implications.

India completes the sale of O2 Power to JSW Neo Energy for USD 1.5 billion

EQT and Temasek sell 100% of O2 Power to JSW Neo Energy for USD 1.5 billion, boosting renewable energy development in a key market.
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Brookfield becomes majority shareholder of Neoen for €6 billion

The Canadian group Brookfield acquired 53.12% of the capital of Neoen, a French renewable energy specialist, paving the way for a public offer for the remaining shares.

Estonia Strengthens Security for Its Electric Network After Incident in the Baltic Sea

Following the rupture of the EstLink 2 cable connecting Finland and Estonia, Tallinn deploys its navy to protect underwater energy infrastructure, highlighting the urgency of ensuring regional energy security.
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