China Steel Corporation

Northern Oil and Gas and Infinity Natural Resources invest $1.2bn to acquire Utica gas and infrastructure assets in Ohio, strengthening NOG’s gas profile through vertical integration and high growth potential.
Waaree Solar Americas will supply next-generation bifacial modules to Sabancı Renewables for two utility-scale solar plants in Texas, strengthening its presence in the North American market.

Santee Cooper signs $2.7 billion agreement with Brookfield to revive two nuclear reactors

Santee Cooper has approved a memorandum of understanding with Brookfield Asset Management to assess the feasibility of restarting two unfinished nuclear reactors, with a potential $2.7 billion payment and 550 MW capacity stake.
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Green Plains has begun sequestering carbon dioxide from its three Nebraska facilities via a pipeline to Wyoming, while receiving a first $14mn payment under the 45Z tax credit programme.
Blue Current secures over $80mn in funding led by Amazon to industrialise its silicon solid-state batteries for large-scale mobility and stationary applications.

TechnipFMC secures strategic contract for Captain field in the North Sea

TechnipFMC will design and install flexible pipes for Ithaca Energy as part of the development of the Captain oil field, strengthening its footprint in the UK offshore sector.
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A court in Illinois has dismissed a lawsuit filed against ECA Solar, removing legal barriers to the construction of a planned solar facility outside the city limits of Morris.
Helical Fusion has signed a landmark agreement with Aoki Super to supply electricity from fusion, marking a first in Japan’s energy sector and a commercial step forward for the helical stellarator technology.

EDF power solutions joins a 1.1GW solar and storage project in Egypt

EDF power solutions acquires a 20% stake in Obelisk, a 1.1GW hybrid solar and storage project in Egypt led by Scatec and Norfund, marking a new milestone in its regional strategy.
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Vaalco Energy has started drilling the ET-15 well on the Etame platform, marking the beginning of phase three of its offshore development programme in Gabon, supported by a contract with Borr Drilling.
A key scientific report by the United Nations Environment Programme failed to gain state approval due to deep divisions over fossil fuels and other sensitive issues.

France: RTE calls for accelerated electrification to reduce fossil fuel dependence

RTE warns of France’s delay in electrifying energy uses, a key step to limiting fossil fuel imports and supporting its reindustrialisation strategy.
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China has received its first liquefied natural gas shipment from Russia’s Portovaya facility, despite growing international sanctions targeting Russian energy exports.
The attack on a key Caspian Pipeline Consortium offshore facility in the Black Sea halves Kazakhstan’s crude exports, exposing oil majors and reshaping regional energy dynamics.

Brussels takes control of power grids to unlock renewable electricity

The European Commission launches a reform to centralise infrastructure decisions and accelerate permitting in order to unblock renewable capacities currently constrained by grid congestion.
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Iraq is preparing a managed transition at the West Qurna-2 oil field, following US sanctions against Lukoil, by prioritising a transfer to players deemed reliable by Washington, including ExxonMobil.
The Rapid Support Forces have taken Heglig, Sudan’s largest oil site, halting production and increasing risks to regional crude export flows.

Chinese cleantech investments reshape the global industrial energy map

More than $80bn in overseas cleantech investments in one year reveal China’s strategy to export solar and battery overcapacity while bypassing Western trade barriers by establishing industrial operations across the Global South.
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India’s nuclear capacity is expected to grow by more than 13,000 MW by 2032, driven by ongoing heavy water reactor construction, new regional projects and small modular reactor development by the Bhabha Atomic Research Centre.
India’s central authority has cancelled 6.3 GW of grid connections for renewable projects since 2022, marking a tightening of regulations and a shift in responsibility back to developers.
CATL, Sun Village and Marubeni Power Retail have signed an agreement to develop 2.4GWh of grid-scale storage capacity in Japan, without a defined schedule, leveraging investment, construction and commercial management synergies.
Northland Power has acquired two energy storage projects in Poland from Greenvolt Power Group, consolidating a strategic partnership in a transitioning market.

Battery storage market projected to reach $99.67bn by 2033

The global battery energy storage systems market anticipates 28.8% annual growth through 2033, supported by industrial electrification, government incentives and grid modernisation efforts.
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Group1 and Michigan Potash & Salt Company have signed an agreement to create a domestic potassium-based battery supply chain, relying on local mining and production free from critical metals.
A battery storage project developed in Shiga Prefecture marks a new step for the Japanese industry, with the official commissioning of a 4MWh facility aimed at the primary balancing market.

au Renewable Energy invests in nine high-voltage storage sites in Japan

Nine battery storage projects totalling 18MW will be built by au Renewable Energy across the Chubu, Kansai and Kyushu regions, with commissioning scheduled through March 2027.
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ACEnergy’s Central BESS project has been approved with a $3.6mn benefit-sharing plan for local and Indigenous communities.
Operator Fullmark Energy has finalised a $46mn investment tax credit transfer linked to its 125MW Redwood storage portfolio in Southern California, strengthening its ability to pursue further growth in the sector.

Eos Energy raises $76.9mn through exercised public warrants ahead of expiry

Eos Energy confirmed the expiry of its public warrants following the exercise of 6.7 million units, generating $76.9mn to finance its industrial projects in the United States.
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Trina Storage and Pacific Green Energy Group have signed a memorandum of understanding for the supply of 5GWh of battery systems by 2028, reinforcing their activities in the Australian and international energy storage market.
HyperStrong commits to purchase at least 200 GWh of battery cells from CATL by 2028, as part of a strategic partnership aimed at structuring a global energy storage ecosystem.

Europe urged to invest massively in long-duration energy storage to save €103bn

A report urges European states to rapidly deploy long-duration energy storage technologies, deemed essential to avoid building obsolete gas assets and reduce grid costs by 2040.
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LibertyStream has signed a memorandum of understanding with Packet Digital to secure a local supply of lithium carbonate for industrial and military battery production, backed by approximately $2.7mn in funding.
US-based Rondo Energy and SCG Cleanergy have completed the installation of a 33 MWh heat battery at a cement plant in Thailand, the first of its kind in Southeast Asia, delivering steam to power a turbine for industrial electricity generation.

Entech and Primeo Energie launch joint venture for 100 MW of battery storage by 2029

Entech and Primeo Energie create Primtech Batteries to develop battery electricity storage projects in France and the European Union, targeting 100 MW installed by 2029.
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Three New York public high schools are introducing a new energy storage module this year, through a partnership between NineDot Energy and Solar One aimed at preparing students for careers in distributed energy.
Nuvve Holding Corp. plans three 2MW battery installations in Eastern Zealand to strengthen the Danish grid and optimise revenues through its proprietary software platform.

HS Hyosung invests €120 mn with Umicore to develop silicon anodes

HS Hyosung partners with Umicore to produce silicon anodes, a key material for next-generation batteries, through a €120 mn investment to strengthen its position in energy storage.
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LG Energy Solution partners with South 8 Technologies to develop lithium-ion batteries capable of operating at -60 °C, strengthening its position in the space sector alongside KULR Technology Group and NASA.
Masdar commits to developing a 300MW/600MWh battery storage system in Uzbekistan, marking a major step in modernising the national grid and securing investments in renewable energy.