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EBRD grants €192 mn to finance 531 MW of solar in Romania
Three photovoltaic plants will receive financing structured by the European Bank for Reconstruction and Development to strengthen Romania's electricity capacity and attract private capital to the sector.
China braces for record winter demand amid energy strain on coal, gas and UHV networks
Faced with a climate- and geopolitically-constrained winter, Beijing announces expected record demand for electricity and gas, placing coal, LNG and UHV grids at the centre of a national energy stress test.

OPEC+ maintains output freeze for 2026 and opens quota battle for 2027

Faced with oversupply risks and Russian sanctions, OPEC+ stabilises volumes while preparing a structural redistribution of quotas by 2027, intensifying tensions between producers with unequal capacities.
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Iraq launches joint investigation after drone attack on strategic Khor Mor gas site
The Iraqi government and Kurdish authorities have launched an investigation into the drone attack targeting the Khor Mor gas field, which halted production and caused widespread electricity outages.
Kyrgyzstan bets on a Russian small modular reactor to solve its energy crisis
Bishkek plans to host a RITM-200N small modular reactor supplied by Rosatom to address electricity shortages and deepen energy ties with Moscow, despite the risks posed by Western sanctions.

UK locks in oil windfall until 2030 with 78% tax pressure

The United Kingdom is replacing its exceptional tax with a permanent price mechanism, maintaining one of the world’s highest fiscal pressures and reshaping the North Sea’s investment attractiveness for oil and gas operators.
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A €15mn solar farm and organic dairy project launched in Loiret
Loiret Energie and Terres d’Energie Développement will invest €15mn in a 31.5-hectare agrivoltaic farm in La Ferté Saint-Aubin, combining electricity production and organic cattle farming.
Waga Energy secures $180mn funding to accelerate production in the United States
Waga Energy has secured $180mn in senior debt over four years to develop its biomethane project portfolio at landfill sites in the United States.

Pakistan becomes structural fuel oil exporter, disrupting Asian market balance

Pakistan confirms its exit from domestic fuel oil with over 1.4 Mt exported in 2025, transforming its refineries into export platforms as Asia faces a structural surplus of high- and low-sulphur fuel oil.
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PetroChina invests $5.43bn to integrate 11 Gm³ of strategic gas storage with PipeChina
PetroChina internalises three major gas storage sites through two joint ventures with PipeChina, representing 11 Gm³ of capacity, in a CNY40.02bn ($5.43bn) deal consolidating control over its domestic gas network.
Japan launches FAST to build a public fusion demonstrator by 2035
The FAST project enters its engineering phase in Japan, mobilising an industrial consortium led by Starlight Engine and Kyoto Fusioneering to establish a public-private fusion sector based on the deuterium-tritium cycle.

Canadian Solar Infrastructure Fund acquires non-FIT solar asset for ¥253.5mn

Canadian Solar Infrastructure Fund makes its first acquisition outside the FIT scheme with a 1.1 MW solar plant in Tsukuba, valued at ¥253.5mn ($1.7mn), under a corporate PPA agreement.
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Brazil uses money laundering case to pressure Washington
Brasília links a major tax fraud investigation to talks with Washington, combining demands for financial transparency with negotiations over U.S. access to Brazilian rare earths.
US gasoline prices stable despite surge in holiday travel
Ahead of Thanksgiving, average gasoline prices in the US remain close to 2024 levels, supported by falling crude prices, despite a significant increase in expected road traffic.

Canada reforms Energy Efficiency Act to align policy with digital markets

The Canadian government introduces major legislative changes to the Energy Efficiency Act to support its national strategy and adapt to the realities of digital commerce.
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Quebec maintains sole carbon price at the pump despite federal tax repeal
Quebec becomes the only Canadian province where a carbon price still applies directly to fuels, as Ottawa eliminated the public-facing carbon tax in April 2025.
TEPCO could restart Kashiwazaki-Kariwa nuclear plant as early as January
The Niigata prefectural assembly will vote on the restart of Unit 6, potentially marking TEPCO’s first reactor relaunch since the 2011 Fukushima disaster.

South Africa inaugurates transmission station to integrate 900 MW of renewables

The new Vunumoya station, built for over $58mn in 18 months, marks a strategic step toward integrating 900 MW of renewable energy in the mining region of Mpumalanga.
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Sunsure Energy signs long-term solar agreement with Bisleri in India
The agreement will enable Bisleri to meet 48% of the electricity needs at its Sahibabad site through solar power supplied by Sunsure, cutting annual CO₂ emissions by nearly 2,700 tons.
InCommodities signs 15-year storage deal with AMPYR in Australia
AMPYR Australia and InCommodities have signed a 15-year partnership for the Bulabul BESS project, marking the Danish trader’s first long-term commitment in the Australian energy storage market.
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PetroChina invests $5.43bn to integrate 11 Gm³ of strategic gas storage with PipeChina
Kyrgyzstan bets on a Russian small modular reactor to solve its energy crisis
Quebec maintains sole carbon price at the pump despite federal tax repeal
US gasoline prices stable despite surge in holiday travel
Japan launches FAST to build a public fusion demonstrator by 2035
CEA and CNRS launch €50mn programme for superconductors
CEA and CNRS deploy SupraFusion, a project funded by France 2030, to develop high-temperature superconductors for nuclear fusion and industrial applications.
TAE Technologies halves cost of fusion reactors with experimental breakthrough
US-based TAE Technologies claims it has reduced the size, complexity and cost of its fusion devices by validating a new plasma formation method in a next-generation machine.

Marvel Fusion secures additional €50 mn for its laser nuclear reactor programme

Marvel Fusion extends its Series B funding to €113 mn with backing from Siemens Energy, EQT Ventures and the European Innovation Council, aiming to build a laser fusion reactor prototype by 2032.
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The UK STEP project promises regional economic impact of GBP489 mn per year
The West Burton site, selected for the prototype STEP fusion plant, is set to generate thousands of jobs and hundreds of millions of pounds annually, according to a study commissioned by Nottinghamshire County Council.
Laser fusion power plant project at the Biblis site in Germany
A memorandum of understanding has been signed to develop a nuclear fusion power plant using laser technology in Biblis, Hesse, by 2035. The project brings together the regional government, industrial companies, and scientific institutions to structure a fusion energy sector.

UKAEA and Eni partner for a tritium fuel cycle facility in fusion energy

The United Kingdom Atomic Energy Authority (UKAEA) and Italian company Eni announce a partnership to build the world's largest tritium fuel cycle facility. This project, located in England, aims to optimise tritium management for future fusion power plants.
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nT-Tao secures additional $5 million funding for compact nuclear fusion
Israeli nuclear fusion pioneer nT-Tao receives $5 million in funding from the Israel Innovation Authority to accelerate the development of its compact fusion demonstrator. This marks the fourth consecutive time the company has received such support.
The IEA CERT workshop explores the state and prospects of fusion energy
Industry, academic, and government experts gathered at the IEA CERT thematic workshop to discuss public-private collaboration and funding priorities for the development of fusion energy.

First Light Fusion modifies its strategy and abandons nuclear power plant plans

The British company First Light Fusion announces a major strategic shift: it will now focus on commercial partnerships for its amplification technologies, abandoning its nuclear fusion power plant project.
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Fusion Energy: A Record Plasma Duration Set in France
French researchers have achieved a new milestone in fusion experiments by recording a world record for plasma confinement duration, a crucial step toward harnessing fusion energy.
Nuclear Fusion: First Plasma Generation in the SMART Tokamak
The SMART tokamak, a nuclear fusion experimental device, has generated its first plasma. This major breakthrough marks a turning point in the quest for a compact and efficient fusion reactor.

Record Investments in Fusion Energy: $7 Billion in 2024

Fusion energy reached $7 billion in investments in 2024, driven by businesses seeking efficient energy alternatives. Small Modular Reactors (SMR) have gained significant interest, particularly in industrial sectors.
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The UK Invests in the LIBRTI Program to Revolutionize Fusion Energy
The UKAEA’s LIBRTI program, backed by a £200 million budget, prepares key advancements in tritium production, a crucial resource for fusion energy, leveraging international collaboration and advanced digital strategies.
A site in Virginia chosen to host the first commercial fusion power plant
The American company Commonwealth Fusion Systems (CFS) has selected Chesterfield County, Virginia, to build a fusion power plant, a global first that could revolutionize clean and reliable energy by the 2030s.

Tokamak Energy raises $125 million to accelerate fusion energy and HTS technological innovations

Tokamak Energy announces a $125 million funding round, marking a key step toward the commercialization of fusion energy and the development of high-temperature superconducting technologies. A strategic global collaboration to address energy challenges.
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Progress of fusion reactors in Spain and New Zealand
Advances in fusion reactor technologies are underway in Spain with the SMART tokamak at the University of Seville, while the New Zealand startup OpenStar Technologies has made a key breakthrough with its floating magnetic component.
Tokamak Energy integrates a digital twin to optimize fusion
Tokamak Energy uses digital twin software to maximize the efficiency of fusion experiments, avoiding multiple physical tests and accelerating development.
Tokamak Energy intègre un jumeau numérique pour optimiser sa fusion.