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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.

China rejects US pressure over Russian oil imports

Beijing calls Donald Trump's request to stop importing Russian crude interference, denouncing economic coercion and defending what it calls legitimate trade with Moscow.

Washington urges Japan to cut energy ties with Russia

The United States has called on Japan to stop importing Russian gas, amid rising tensions over conflicting economic interests between allies in response to the indirect financing of the war in Ukraine.
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Trump reignites tensions over India’s imports of Russian oil

India faces mounting pressure from the United States over its purchases of Russian oil, as Donald Trump claims Prime Minister Narendra Modi pledged to halt them.

ABB boosted by data centre demand and beats forecasts

ABB recorded double-digit growth in sales of equipment for data centres, contributing to a 28% increase in net profit in the third quarter, surpassing market expectations.

Santos cuts 2025 production forecast again due to technical issue

Australian group Santos lowers its annual production forecast after an unplanned shutdown at the Barossa project and delayed recovery in the Cooper Basin.
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SNG Holdings rolls out 2MW grid battery in Gotemba with Digital Grid

SNG Holdings launched trial operations of a 2MW/6MWh energy storage facility in Gotemba, backed by Digital Grid and PHOTON, ahead of commercial commissioning scheduled for November.

Europe spent an extra €930bn on fossil energy between 2021 and 2024

A report highlights the financial burden of fossil imports during the energy crisis and points to electrification as key to European energy security.

Fluence to supply 640 MWh of storage to Torch Clean Energy in Arizona

The Winchester project will combine 160 MW of storage with two 80 MW solar plants in Cochise County, with delivery expected in early 2027.
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Quinbrook takes majority stake in Elemental Clean Fuels in Canada

Asset manager Quinbrook expands its North American portfolio with a first Canadian investment by acquiring a strategic stake in developer Elemental Clean Fuels.

Green Plains deploys carbon capture system at its York facility

Green Plains has commissioned a carbon capture system in York, Nebraska, marking the first step in an industrial programme integrating CO₂ geological storage across multiple sites.

VoltaGrid to supply 2,300 MW to Oracle for next-gen AI data centres

VoltaGrid partners with Oracle to deploy modular gas-powered infrastructure designed to stabilise energy use in artificial intelligence data centres while creating hundreds of jobs in Texas.
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enCore discovers three new uranium roll fronts in Texas

enCore Energy has identified three new uranium roll fronts at its Alta Mesa project, with ongoing drilling aimed at defining their extent and accelerating development work.

Nextracker and T1 Energy partner to produce US-made steel solar frames

Nextracker will supply steel frames for solar modules to T1 Energy in a multi-year deal worth over $75mn, aiming to strengthen the local solar supply chain and reduce dependence on imported aluminium.

Three Crown expands horizontal drilling programme in the Powder River Basin

Three Crown Petroleum has started production from its Irvine 1NH well and plans two new wells in Wyoming, marking a notable acceleration of its deployment programme in the Powder River Basin through 2026.
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Geronimo Power begins construction of 150 MW Bee Hollow solar park in Illinois

Geronimo Power has started construction on the Bee Hollow solar park in St. Clair County, a 150 MW project expected to generate $54mn in direct economic impact for the region.

IMF forecasts oil to fall to $68 in 2025 amid tariff-driven slowdown

The International Monetary Fund expects oil prices to weaken due to sluggish global demand growth and the impact of US trade policies.

Eversource records $75mn charge after revised offshore wind liabilities

Eversource Energy posts a one-time $75mn charge linked to unforeseen costs in the Revolution Wind project, while tightening its 2025 earnings forecast.
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US conservatives push legal shield for oil industry amid climate lawsuits

With lawsuits multiplying against oil majors, Republican lawmakers are seeking to establish federal immunity to block legal actions tied to environmental damage.

Greenflash acquires 200 MW storage project in Texas from Advanced Power

Greenflash Infrastructure has acquired a 200 MW standalone storage project in Texas, marking a strategic asset transfer aimed at reinforcing local grid reliability.

Low attendance of world leaders at COP30 despite climate and logistical urgency

The COP30 conference hosted in the Amazon by Brazil faces low participation from global leaders, amid geopolitical tensions and major logistical challenges.

Europe’s gas: summer storage sets a floor under TTF

European inventories curbed price declines as liquefied natural gas (LNG) supply expands and demand stays weak. Cargo arbitrage favours Europe, but winter will determine the equilibrium level. —

Unipec redirects supertanker to Ningbo after US sanctions

The New Vista vessel, loaded with Abu Dhabi crude, avoided Rizhao port after the United States sanctioned the oil terminal partly operated by a Sinopec subsidiary.
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IsoEnergy acquires Toro Energy for $49mn, creating global uranium platform

Canada’s IsoEnergy will acquire Australia’s Toro Energy for AUD75mn ($49mn), creating a diversified uranium production platform with assets across Australia, Canada and the United States.

JP Morgan Chase commits $1.5 trillion to critical minerals and industrial resilience

JP Morgan Chase has launched a $1.5 trillion, ten-year investment initiative targeting critical minerals, defence technologies and strategic supply chains across the United States.

Idemitsu launches its first 15MW grid battery on former oil site

Idemitsu Kosan has commissioned a 15MW/48MWh energy storage facility in Himeji, marking the start of its deployment in grid-scale storage with Japanese public funding.
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Eolian and Natixis close $463mn financing for largest storage project in Texas

The Padua Complex will deliver 400 MW/1.8 GWh capacity with Tesla's support, at a strategic node of the Texas grid, following legislative action to strengthen energy reliability.

Salt River Project launches 50 MWh storage pilot with ESS in Arizona

Salt River Project will partner with ESS to install a 50 MWh long-duration energy storage system in Pinal County as part of its capacity expansion plan to meet rising demand.

Croatia targets Russian stake in NIS to maintain oil flows

JANAF is interested in acquiring a 20 to 25% stake in NIS, as the Russian-owned share is now subject to US sanctions.
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Venture Global sinks 20% after legal defeat to BP over LNG contract dispute

US LNG producer Venture Global saw its market value drop sharply after an arbitral ruling in favour of BP reignited concerns over ongoing contractual disputes tied to the Calcasieu Pass project.

Washington targets Iranian oil with new sanctions on phantom fleet

The US Treasury Department has imposed sanctions on more than 50 entities linked to Iranian oil exports, targeting Chinese refineries and vessels registered in Asia and Africa.

Namibia and McDermott join forces to train future oil workforce

The Namibian government signed an agreement with McDermott to strengthen local skills in offshore engineering and operations, aiming to increase oil sector local content to 15% by 2030.
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Durapower and Kıvanç partner to manufacture lithium-ion batteries for the US market

Singapore’s Durapower and Turkish industrial firm Kıvanç have signed an agreement to form a joint battery production venture targeting growing North American demand.

Resonac invests ¥21.7bn to convert Kawasaki power unit to gas and hydrogen

The Japanese industrial group will replace a 73.5 MW coke and gas-fired turbine with a 30 to 40 MW hydrogen-ready unit, scheduled to start operations in 2030 with ¥7.1bn ($47mn) in public support.

T1 Energy takes stake in Talon to expand solar manufacturing in the United States

T1 Energy invests in private solar cell manufacturer Talon PV to support industrial expansion of the U.S. solar sector and address rising grid demand.
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Exxon restarts catalytic cracking unit in Beaumont after technical failure

The 120,000-barrel-per-day catalytic cracking unit at the Beaumont site resumed operations after an unexpected shutdown caused by a technical incident earlier in the week.

Tesla targeted by federal probe over its Full Self-Driving system

The US road safety agency is reviewing nearly 2.9 million Tesla vehicles equipped with the FSD system, following dozens of reported incidents involving traffic violations and several accidents.

Washington authorises Trinidad and Tobago to explore Dragon gas field with Caracas

The United States has granted Trinidad and Tobago a special licence to resume negotiations with Venezuela on the Dragon gas field, partially lifting restrictions imposed on the Venezuelan energy sector.
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Holtec cancels nuclear storage project in New Mexico

Holtec International has ended its planned interim nuclear storage facility in New Mexico, citing ongoing legal hurdles and political deadlock over spent fuel management.

Washington threatens sanctions against countries supporting global maritime carbon tax

The United States has threatened economic sanctions against International Maritime Organization members who approve a global carbon tax on international shipping emissions.