Several major U.S. corporations announce investments totaling nearly USD 90 billion to strengthen energy infrastructure in Pennsylvania, aimed at powering data centers vital to the rapid growth of the artificial intelligence sector.
Nearly USD92bn will be invested by major American and international groups in new data centres and energy infrastructure, responding to the surge in electricity demand linked to the rise of artificial intelligence.
SolaREIT announces it has committed more than $125mn to battery storage projects, supporting over 1.4 GW across the United States with land solutions dedicated to sector developers.
Driven by rising electricity demand, the battery energy storage systems market is set to soar, according to The Insight Partners, growing from $41.97bn in 2024 to $143.28bn in 2031 at an average annual rate of 17.91%.
New York developer DESRI, together with utility El Paso Electric, starts construction of the 150 MWac Santa Teresa solar complex and its 600 MWh storage system, financed by an international banking consortium.
Renewable developer Geronimo Power begins construction of the 250 MW Portage Solar park, expected to generate more than $100 mn in cumulative economic impact in Wisconsin, according to a news release issued on July 15 by PR Newswire.
BP revised upwards its production forecast for the second quarter of 2025, citing stronger-than-expected results from its US shale unit. However, lower oil prices and refinery maintenance shutdowns weighed on overall results.
Belgrade is engaged in complex negotiations with Washington to obtain a fifth extension of sanctions relief for the Serbian oil company NIS, which is majority-owned by Russian groups.
The National Energy System Operator forecasts electricity demand to rise to 785 TWh by 2050, underlining the need to modernise grids and integrate more clean energy to support the UK’s energy transition.
Hynamics UK and Hy24 have signed an exclusive agreement to develop the Fawley Green Hydrogen project, backed by the UK HAR2 scheme, to supply green hydrogen to ExxonMobil's petrochemical complex.
Several international agencies have echoed warnings by Teresa Ribera, Vice-President of the European Commission, about commercial risks related to Chinese competition, emphasizing the EU's refusal to engage in a price war.
PetroTal Corp. records production growth in the second quarter of 2025, improves its cash position and continues replacing key equipment at its main oil sites in Peru.
South Texas Electric Cooperative is seeking proposals for the acquisition or purchase of energy for 500 MW of dispatchable capacity, aiming to strengthen long-term supply security in the ERCOT region.
Eco Wave Power Global AB announces the completion of floaters manufacturing for its first American pilot plant, marking a major step towards the imminent deployment of wave energy at the Port of Los Angeles.
Occidental Petroleum announces a decrease in its production in the Gulf of Mexico in the second quarter, citing third-party constraints, extended maintenance, and scheduling delays.
U.S. legislation eases access to federal lands for oil production, but fluctuations in crude prices may limit concrete impacts on investment and medium-term production, according to industry experts.
Global photovoltaic inverter shipments increased by 10% in 2024, driven by the Asia-Pacific region, which accounts for nearly seven out of ten shipments, while China consolidates its influence on the sector.
MN8 Energy completes a $575mn secured bond issue led by Natixis Corporate & Investment Banking to refinance project debt and support the development of a diversified solar portfolio in the United States.
Permex Petroleum Corporation has completed a US$2mn fundraising by issuing convertible debentures, aimed at strengthening its cash position, without using intermediaries, and targeting a single institutional investor.
Geothermal Radar unveils an interactive mapping tool and global thermal model designed to support governments and companies in identifying and developing new geothermal sites internationally.
The Iowa Utilities Board has approved construction of Summit Carbon Solutions' CO2 pipeline, including the right of eminent domain, marking a major milestone for carbon capture and storage.
The Federal Energy Regulatory Commission (FERC) has approved construction of the Calcasieu Pass 2 power plant, a controversial liquefied natural gas (LNG) project in Louisiana, despite climate objections.
The development of CCS in Europe faces major obstacles in the form of regulatory uncertainty and high costs. Projects are slowing down as the 2030 deadline for climate targets approaches.
The Government of Guyana has selected Fulcrum LNG, headed by a former ExxonMobil executive, to collaborate with Exxon in the development of a new natural gas project.
Avangrid and Copenhagen Infrastructure Partners announce the commissioning of 10 wind turbines at Vineyard Wind 1, now the largest operational offshore wind farm in the USA.
Gazprom has signed a memorandum with the National Iranian Gas Company for the supply of Russian gas to Iran, strengthening their energy cooperation despite US sanctions.
Titan Group invests 300 million euros in a new monopile production plant in Cuxhaven, creating 600 jobs. Production will start next year, strengthening the offshore wind supply chain.
Consumers Energy has signed an agreement with Jupiter Power to add 100 megawatts of battery storage, reaching a key milestone towards their energy goals.
Alcazar Energy Partners invests $500 million to launch the largest wind power project in Northern Macedonia, aiming to generate 400 megawatts of renewable energy.
Fervo Energy secures contracts for 320 MW of geothermal capacity with Southern California Edison, underlining the growing demand for reliable, continuous renewable energy.
Faced with growing resistance from international oil companies, the Dangote refinery in Nigeria is experiencing crude oil supply difficulties, jeopardizing its production capacity.
The EPA and Department of Energy announce a massive investment to reduce methane emissions in the oil and gas sector, aimed at reducing the climate impact of this "super pollutant".
