Switzerland

Meyer Burger gives up on rescue amid Chinese pressure and US uncertainty

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.

Zelestra and BKW partner on 2 GWh battery storage megaproject in Italy

A long-term tolling agreement between Zelestra and BKW targets the construction of a 2 GWh battery energy storage system in northern Italy, with full commissioning scheduled for 2028.

Vema Hydrogen forme un conseil scientifique d’élite pour soutenir son expansion industrielle

Vema Hydrogen mobilise des experts internationaux pour accélérer la mise sur le marché de son hydrogène minéral, alors que l’entreprise prévoit de forer ses premiers puits pilotes en Amérique du Nord d’ici la fin de l’année.
en_11403008277540

Return of IAEA inspectors to Iran after one month of diplomatic breakdown

Iran once again authorises the International Atomic Energy Agency to inspect its nuclear sites, following a suspension triggered by a dispute over responsibility for Israeli strikes.

Energy Vault launches Asset Vault with $300 mn investment to accelerate 1.5 GW energy storage

Energy Vault secures an exclusive $300 mn commitment to support the creation of Asset Vault, a subsidiary dedicated to building and operating 1.5 GW of energy storage projects across several continents.

Transocean reports a net loss of $938mn in the second quarter despite revenue growth

Swiss group Transocean reported a net loss of $938mn for the second quarter 2025, impacted by asset impairments, while revenue rose to $988mn thanks to improved rig utilisation.
en_114050855540

Bpifrance grants €17mn to Wysenergy for 9-MW wind farm in Marne

Swiss company Wysenergy has secured public funding for its first wind project in France, located in the municipality of Faux-Fresnay and selected under the PPE2 tender scheme.

GE Vernova modernises TransnetBW’s key cross-border power hub in Germany

GE Vernova has secured a major contract to modernise the Kühmoos substation in Germany, enhancing grid reliability and integration capacity for power flows between Germany, France and Switzerland.

EDF launches its nuclear Technocentre in Fessenheim, estimated investment of €450 million

EDF confirms the continuation of its industrial project in Fessenheim for recycling very low-level radioactive metals, a first in France requiring specific regulatory authorizations, following a public debate concluded last February.
en_1140290954540-4-1

Glencore in talks with London over future of insolvent Lindsey oil refinery

Swiss commodities trader Glencore has initiated discussions with the British government regarding its supply contract with the Lindsey refinery, placed under insolvency this week, threatening hundreds of jobs and the UK's energy security.

Dalinar Energy wins recommendation to acquire Citgo with $7.38bn bid

Dalinar Energy, a subsidiary of Gold Reserve, receives official recommendation from a US court to acquire PDV Holdings, the parent company of refiner Citgo Petroleum, with a $7.38bn bid, despite a higher competing offer from Vitol.

Trianel deploys 900 MW battery to bolster German grid flexibility

Trianel teams with BKW and Luxcara to build a 900 MW lithium-iron-phosphate storage park in Waltrop, the first phase of a complex that could reach 1.5 GW and stabilise the German grid.
en_114025062038540

Italiana Petroli to Decide Buyer by Late June for Estimated €3 Billion Sale

Italiana Petroli, in negotiations with three potential buyers, is expected to finalize the total sale of the group for around €3 billion by late June, according to several sources close to the matter speaking to Reuters on Thursday.

DR Congo replaces cobalt export ban with quota system

The Democratic Republic of Congo is set to replace its temporary ban on cobalt hydroxide exports with quotas, aiming to balance global demand, secure revenue, and stabilize market fluctuations.

Berlin firmly opposes any reactivation of the Nord Stream 2 pipeline

Friedrich Merz confirmed that Germany would block any attempt to relaunch the Nord Stream 2 pipeline, despite internal calls suggesting a potential reopening of dialogue with Moscow.
en_1140290952540-16

Ivory Coast approves $60mn solar power plant in Katiola

The Ivorian government has approved a 25-year concession for an 85,934 MWh solar power plant in Katiola under a public-private partnership with Swiss energy firm JC Mont-Fort.

Eni sells 20% of Plenitude to Ares in $13bn valuation deal

Italian group Eni enters exclusive talks with Ares to sell a minority stake in Plenitude as part of a targeted funding strategy for its low-carbon subsidiaries.

Axpo secures strategic contract to deliver 115 GWh of solar electricity to Auchan

Axpo will manage balancing and market delivery of solar electricity supplied to Auchan in Poland under a structured agreement with GoldenPeaks Capital.
en_1140290946540-5

Elcogen signs agreement with Casale to integrate green hydrogen into ammonia

Elcogen and Casale begin collaboration on Power-to-X projects combining solid oxide electrolysis and chemical processes in green ammonia production.

Synhelion powers a Harley with solar gasoline for the first time

Synhelion completed the world’s first on-road test of solar fuel, powering a Harley-Davidson without modification, a key industrial step for the production of synthetic fuels compatible with existing combustion engines.