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Lhyfe expects EUR10mn revenue in 2025 and cuts costs from 2026

Lhyfe aims to double its revenue next year, refocuses industrial priorities and plans a 30% cost reduction starting in 2026 to accelerate profitability.

Iran offers support to Venezuela after oil tankers seized by Washington

Caracas says Iran has offered reinforced cooperation after the interception of two ships carrying Venezuelan crude, amid escalating tensions with the United States.

Washington seizes second Venezuela-linked oil tanker in the Caribbean

US authorities intercepted a second oil tanker carrying Venezuelan crude, escalating pressure on Caracas amid accusations of trafficking and tensions over sanctioned oil exports.
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The French government asks RTE to maintain the THT line project to Fos

The government confirms the continuation of the high-voltage line construction to Fos-Berre, despite criticism from the public debate and local tensions regarding environmental and economic impacts.

Kenya launches grid reform to meet the rise of economic zones

Facing a rapid increase in demand across industrial corridors, the Kenyan government is restructuring its power grid to accelerate connections, reduce technical losses and integrate new digital tools.

Shanghai Electric launches 625 MW upgrade to strengthen Iraq’s power grid

Shanghai Electric begins a combined-cycle expansion project across four Iraqi provinces, aiming to boost energy efficiency by 50% without additional fuel consumption.
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Mundi Énergies launches twenty renewable energy hubs in Canada with Haffner Energy

Mundi Énergies partners with Haffner Energy to create a network of twenty multi-energy hubs in Quebec, using residual biomass to produce renewable gas and strengthen Canada’s energy independence.

Awendio Solaris to invest CAD1bn in integrated solar plant in Montreal

UK-based manufacturer Awendio Solaris plans to build a 2.5 GW solar industrial platform, expandable to 5 GW, in Quebec, targeting North American markets with a 100% regional supply chain.

Newcleo launches European safeguards process for lead-cooled modular reactor

French nuclear reactor developer Newcleo has submitted its lead-cooled small modular reactor design to Euratom, initiating the first regulatory phase to integrate nuclear non-proliferation safeguards at the European level.
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European Union rejects United Kingdom’s exemption from carbon border levy

Brussels confirmed that the United Kingdom will not be exempted from the carbon border levy until both carbon markets are connected, delaying a possible exemption by at least one year.

EDF raises cost estimate for six new nuclear reactors to €72.8 billion

French state utility EDF has increased the maximum estimated cost for building six new nuclear reactors to €72.8 billion ($85.29 billion), representing a 40% rise over the original figure.

France postpones publication of energy roadmap to 2026

The government has postponed the release of the new Multiannual Energy Programme to early 2026, delayed by political tensions over the balance between nuclear and renewables.
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France: the Council of State bans coalbed methane exploitation in Lorraine

The Council of State has cancelled the authorisation to exploit coalbed methane in Lorraine, citing risks to the region's main aquifer and bringing an end to a legal battle that began over a decade ago.

Technique Solaire secures €40mn junior debt to support 392 MWp in projects

Technique Solaire has secured €40mn ($43.5mn) in junior debt from BNP Paribas Asset Management to structure two solar portfolios totalling 392 MWp across France, Spain and the Netherlands.

EDF Power Solutions appoints METLEN to build 400MW Longfield solar farm

EDF Power Solutions UK has appointed METLEN to lead engineering and construction for the 400MW Longfield solar farm in Essex, with commissioning scheduled for 2030.
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Neoen wins 124 MWp in solar projects in latest French government tender

Independent power producer Neoen has secured six agrivoltaic projects totalling 124 MWp, reinforcing its position as the leading winner in French solar tenders since 2021.

TOPCon 4.0 vs HJT: the financial trade-off in the solar sector in 2026

As the photovoltaic industry enters a phase of deep restructuring, the duel between TOPCon 4.0 and heterojunction technologies is redefining manufacturers’ margins. In 2026, reducing production costs becomes the primary strategic lever for global market leaders.

JA Solar and Trinasolar Lead a Global Solar Market in Crisis

JA Solar and Trinasolar top Wood Mackenzie’s latest semiannual ranking despite a sector-wide net loss of $2.2 billion. Industrial leaders are strengthening their grip on global photovoltaic module supply through rigorous financial discipline.
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Egypt launches $220mn solar complex in the Suez Canal zone

The ATUM Solar industrial complex, located in Ain Sokhna, will include three factories—two of 2 GW capacity—backed by a $220mn investment from an international consortium.

Meg O’Neill takes over BP to refocus the group on hydrocarbons

British company BP appoints Meg O'Neill as CEO to lead its strategic refocus on fossil fuels, following the abandonment of its climate ambitions and the early departure of Murray Auchincloss.
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EDF power solutions secures 250 MW battery contract in Germany
Nordex secures 200 MW contract for wind farm in Canada
Pivot Energy secures $225mn to develop 60 new community solar projects
Enel acquires two onshore wind farms in Germany for €80mn in strategic move
Lummus and Advanced Ionics launch pilot plant for green hydrogen in Texas

Oilfield equipment market to reach $36.87bn by 2031 driven by global demand

Driven by rising global energy consumption and exploration investments, the oilfield service equipment market is expected to grow at a 5.39% CAGR to reach $36.87bn by 2031.

US sanctions against NIS postponed by eight days, says Belgrade

US sanctions against Serbian oil company NIS, owned by Gazprom, were delayed by eight days after talks between Belgrade and Washington, President Aleksandar Vucic said.

Framatome and ENEA join forces to develop lunar nuclear reactors

Framatome and Italian agency ENEA have signed an agreement to design nuclear reactors capable of powering future human settlements on the Moon, amid growing European ambitions in space.
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X-energy confirms feasibility of high-temperature modular reactor in Alberta

A technical report backed by the Government of Alberta confirms the potential of the Xe-100 reactor to meet the province’s industrial and electrical energy needs.

U.S. oil drilling rebounds amid global tensions

The number of active drilling rigs in the United States rose for the fourth consecutive week, supported by higher crude prices and OPEC+’s difficulties in meeting production targets.

IAEA warns of drone activity near Ukrainian nuclear facilities

Drones were detected within 500 metres of the South Ukraine nuclear power plant, while Zaporizhzhia remains without off-site power.
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Putin calls for new financing models for global nuclear energy

At World Atomic Week in Moscow, the Russian president advocated for a reform of civil nuclear funding mechanisms, urging stronger involvement from multilateral financial institutions.

France: Lecornu rules out a freeze on solar and wind power

The Prime Minister dismissed rumours of a moratorium on renewables, as the upcoming energy roadmap triggers tensions within the sector.

Iraq resumes oil exports from Kurdistan after two-year suspension

Baghdad has restarted crude shipments from Kurdistan via the pipeline to Turkey, following a two-year halt linked to legal and contractual disputes involving international firms operating in the region.
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UN sanctions on Iran reactivated, increased pressure on trade

The activation of the snapback mechanism reinstates all UN sanctions on Iran, directly affecting the defence, financial and maritime trade sectors.

North Korea reportedly holds two tonnes of weapons-grade enriched uranium

Seoul estimates Pyongyang holds enough highly enriched uranium to produce up to 50 atomic bombs, reigniting concerns over its growing nuclear arsenal despite international sanctions.

Sinopec connects five provinces with 1,500 km hydrogen corridor along Yangtze River

Sinopec reaches a milestone in hydrogen logistics with a 1,500 km journey from Shanghai to Hubei, supported by a network of 146 stations and 11 supply centres.
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Fortescue signs with Envision to develop 132 MW of wind power in the Pilbara

Fortescue has selected Envision Energy to supply next-generation turbines in Australia, the first step in a project targeting 2 to 3 GW of renewable generation backed by batteries.

EVE Energy signs 500MWh with CommVOLT to accelerate European storage

EVE Energy seals a 500MWh strategic agreement with CommVOLT in Europe for commercial and industrial storage at Solar & Storage Live UK 2025, as its five MWh direct current system enters deployment.

RES takes over operations of the UK’s largest solar farm

RES secures a three-year contract to operate the Cleve Hill site, marking a strategic asset transfer in the UK's large-scale solar market.
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Gresham House acquires SUSI Partners to become a leading European energy player

UK-based Gresham House will acquire Swiss investment manager SUSI Partners, strengthening its international footprint in energy transition infrastructure.

H2med Alliance expands to 49 members with reinforced political support

Meeting in Berlin, the H2med Alliance formalised the integration of 40 new industrial members and received increased government backing to accelerate the development of Europe's hydrogen corridor.

Two carbon capture projects set to launch in the UK with 500 jobs secured

The United Kingdom is launching the construction of two industrial carbon capture projects, backed by £9.4bn ($11.47bn) in public funding, with 500 skilled jobs created in the north of the country.
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Africa to increase installed solar capacity by 42% in 2025

Africa's photovoltaic market is expected to grow rapidly with 23 GW of new installations projected by 2028, according to Global Solar Council forecasts.

United States offers India a way out of Russian oil amid trade tensions

Washington offers New Delhi an alternative to its Russian imports while maintaining tariff pressure, exposing a double standard in US energy policy.
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