Qatar

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.
en_1140151039540

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.

Radiant invests $280mn in a microreactor factory in Oak Ridge

California-based Radiant will build its first microreactor production facility in Oak Ridge, on a former Manhattan Project site, with production targeted at 50 units per year by 2028.
en_1140151040540

UK sanctions Rosneft, Lukoil and 51 vessels linked to Russian oil exports

The United Kingdom targets two Russian oil majors, Asian ports and dozens of vessels in a new wave of sanctions aimed at disrupting Moscow's hydrocarbon exports.

Prisma Photonics raises $30mn to expand its optical fibre infrastructure monitoring platform

Israeli company Prisma Photonics has raised $30mn in a funding round led by Protego Ventures to develop its artificial intelligence-based detection system for power grids and critical infrastructure.

GTT, Bloom Energy and Ponant develop an onboard energy system using LNG and CO₂

GTT, Bloom Energy and Ponant Explorations Group launch a joint project to integrate LNG-powered fuel cells and a CO₂ capture system on a cruise ship scheduled for 2030.
en_1140151031540

Brent under pressure: traders expect prices to fall towards $60

Major global oil traders anticipate a continued decline in Brent prices, citing the fading geopolitical premium and rising supply, particularly from non-OPEC producers.

Washington eases penalties on LNG exports tied to US ship rules

The US government has withdrawn its proposal to suspend liquefied natural gas export licences for failure to comply with maritime requirements, while maintaining a phased implementation schedule.

Brazil, India, Italy and Japan set regulatory target for sustainable fuels

Ahead of COP30, four major economies commit to regulating the increase in sustainable fuel production and consumption by 2035.
en_1140151034540

Gotion High-Tech unveils 20 MWh mega battery to support Riyadh

Gotion High-Tech presented in Saudi Arabia a modular 20 MWh storage solution aimed at strengthening the country's energy capacity under its Vision 2030 strategy.

GCL equips 146,000 modules for 76 MW agrivoltaic solar plant in Germany

The Tützpatz solar project, developed by Vattenfall and powered by GCL System Integration, combines energy production and agricultural use across 93 hectares without public funding.

Nippon Chikudenchi activates first grid-scale BESS in Kyushu and accelerates local partnerships

The Japanese developer has commissioned a storage unit in Karatsu and plans to deploy 80 facilities by the end of 2026, relying on agreements with local governments and industrial partners.
en_1140151058540

Paired Power and PHNXX launch plug-and-play mobile solar microgrid

The PairPHNXX system, designed for rapid deployment in areas without grid access, targets agricultural, military, and industrial markets with a turnkey modular technology.

Petro-Victory secures $300,000 loan with attached warrants

Canadian company Petro-Victory Energy Corp. has secured a $300,000 unsecured loan at a 14% annual rate, including 600,000 warrants granted to a lender connected to its board of directors.

Brookfield commits $5 billion in strategic partnership with Bloom Energy for AI factories

Brookfield will invest up to $5 billion in Bloom Energy's fuel cells to power future artificial intelligence factories, initiating the first phase of a dedicated global digital infrastructure strategy.
en_1140141031540

Ascent Solar delivers flexible PV cells for marine and orbital testing

Ascent Solar Technologies has delivered samples of its flexible photovoltaic technology to two companies for testing in extreme environments, at sea and in space.

Nano Nuclear begins drilling work for its KRONOS MMR™ microreactor

Nano Nuclear and the University of Illinois will begin drilling operations for the KRONOS MMR™ reactor on October 24, marking a key step toward commercialisation of the nuclear project on the Urbana-Champaign campus.

Arkansas commissions Excel Services for study on state’s nuclear future

Arkansas has appointed Excel Services to analyse the economic, technological and logistical outlook of a new nuclear programme, with results expected within ten months.

JANAF and MOL begin crucial talks on Central European oil transport

Hungarian oil group MOL and Croatian operator JANAF are negotiating an extension of their crude transport agreement as the region seeks to reduce reliance on Russian oil.

Global green ammonia market to reach $38.5bn by 2033, driven by large-scale projects

Green ammonia reaches a new industrial milestone with 428 active projects and over $11bn in investments, highlighting accelerated sector growth across Asia, the Middle East, Europe and the Americas.
en_114071063540

Global renewable capacity set to double by 2030, led by solar power

According to the International Energy Agency (IEA), global renewable power capacity could more than double by 2030, driven by the rise of solar photovoltaics despite supply chain pressures and evolving policy frameworks.

Mars invests in 100 solar projects in Poland with GoldenPeaks Capital

Mars signs a major contract with GoldenPeaks Capital to develop over 100 solar plants in Poland, aiming to power its European operations and supply chain with renewable electricity.

Global natural gas power generation market to reach $122.49bn by 2030

Driven by rising electricity demand and grid flexibility needs, natural gas power generation is expected to grow at an annual rate of 4.8% through 2030.
en_114071086540

China opts for quarterly thermal coal contracts with Indonesia for 2026

Chinese buyers begin negotiations for 2026 thermal coal deliveries, favouring shorter contracts to maintain flexibility in a stable price environment.

Chevron gradually restarts El Segundo refinery after major fire

Chevron is working to restart several units at its El Segundo refinery in California after a fire broke out in a jet fuel production unit, temporarily disrupting regional fuel supplies.

Doral Renewables signs contract for 430 MW of solar power in Texas

Doral Renewables has signed a power purchase agreement for 75% of the output from its Cold Creek Solar project, expanding its contracted portfolio to over 1.6 GW nationwide.
en_114061063540

Talen Energy raises $1.2bn to finance two gas-fired power plants in the United States

Talen Energy secures $1.2bn term financing and increases two credit facilities to support the acquisition of two natural gas power plants with a combined capacity of 2,881 MW.

Saudi companies to launch 500 MW of energy projects in Syria

Al-Harfi and SCLCO signed agreements with Syrian authorities to develop solar and wind capacity, amid an ongoing energy rapprochement between Riyadh and Damascus.

Shell warns of economic impact from halted offshore wind projects in the United States

Shell U.S. president stated that cancelling fully permitted wind projects severely undermines investor confidence in the energy sector.
en_114061048540

Tesla prepares to launch a new electric model on October 7

Tesla has announced an event scheduled for October 7, hinting at the arrival of a more affordable vehicle amid a limited product refresh and growing competition in the electric vehicle segment.

QatarEnergy acquires 27% stake in Egypt’s offshore North Cleopatra block

QatarEnergy continues its international expansion by acquiring 27% of the offshore North Cleopatra block from Shell, amid Egypt’s strategic push to revive gas exploration in the Eastern Mediterranean.

China’s clean tech exports reach $20bn in August

China set a record for clean technology exports in August, driven by surging sales of electric vehicles and batteries, with more than half of the growth coming from non-OECD markets.
en_114061034540

Solar and storage equipment prices to rise 9% from Q4 2025

The end of China's VAT rebate and reduced output bring an end to eighteen months of historically low prices in solar and storage sectors.

Wood Mackenzie: the UK can double North Sea reserves without breaching climate limits

An analysis by Wood Mackenzie shows that expanding UK oil and gas production would reduce costs and emissions while remaining within international climate targets.

Opec+ raises production by 137,000 barrels per day in November

Opec+ slightly adjusts its quotas for November, continuing its market share recovery strategy amid stagnant global demand and a pressured market.
en_114061057540

Beijing transfers up to $8.4bn to Iran through parallel oil network

China has established a clandestine oil-for-projects barter system to circumvent US sanctions and support Iran’s embargoed economy, according to an exclusive Wall Street Journal investigation.

Nagano commissions 1.5MW hydro plant and secures deal with Seiko Epson

Nagano Prefecture has commissioned a new 1.5MW hydropower plant to supply Seiko Epson’s Ina facility under a sleeved power purchase agreement managed by Chubu Electric Power Miraiz.