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Clean Energy Systems

Erg Bio raises $6.5mn to accelerate synthetic fuel production in the United States
California-based start-up Erg Bio has closed a $6.5mn seed round to industrialise its Aspire™ technology, backed by Azolla Ventures, Chevron Technology Ventures, and Freeflow.
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.

VALOREM commits 500 hours of job inclusion on its solar park in Aveyron

The construction site of the future photovoltaic park in La Couvertoirade plans to hire four people in job inclusion, as part of a partnership between VALOREM and the Union Départementale des Structures d’Insertion par l’Activité Économique de l’Aveyron.
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Sub-Saharan Africa captures 2.3% of global renewable investment in 2024
The region attracted only a small share of global capital allocated to renewables in 2024, despite high energy needs and ambitious development goals, according to a report published in November.
Abraxas begins Solar City works, Maldives’ first special economic zone project
Abraxas Power Corp. has launched land reclamation operations for Solar City, a 100-megawatt floating solar project in the Maldives, following environmental approval. The total zone investment exceeds USD187mn.

Krista Tanner appointed CEO of ITC Holdings to succeed Linda Apsey in 2026

After 23 years at ITC Holdings Corp., Chief Executive Officer Linda Apsey will retire in March 2026. She will be replaced by Krista Tanner, current President of the company, who will also join the Board of Directors.
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ReGen III secures $3.975mn in sub-agreements under debenture exchange
ReGen III confirmed receipt of $3.975mn in sub-agreements tied to its convertible debenture exchange programme, involving over 97% of participating holders.
Trina Storage signs agreement with Pacific Green for 5GWh of energy storage
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.

Astronergy and Alfa Solar invest $200mn in solar plant in Turkey

Alfa Solar and Astronergy Europe are partnering to build an integrated solar wafer and cell facility with 2.5 GW capacity in Balıkesir’s organised industrial zone.
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Enkraft increases pressure on ABO Energy amid contested sale process
Activist fund Enkraft demands governance guarantees as ABO Energy’s founding families prepare a change of control, under an open market listing and KGaA structure that offers limited protection to minority shareholders.
China increases crude oil stockpiles in October as prices stabilise
As global oil prices slowed, China raised its crude stockpiles in October, taking advantage of a growing gap between imports, domestic production and refinery processing.

Kuwait Petroleum Corporation secures record KWD1.5bn loan to support expansion strategy

Kuwait Petroleum Corporation has signed a syndicated financing agreement worth KWD1.5bn ($4.89bn), marking the largest ever local-currency deal arranged by Kuwaiti banks.
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CNPC launches power subsidiary to accelerate its energy strategy
China National Petroleum Corp has inaugurated a new electricity-focused entity in Beijing, marking a strategic step in the organisation of its new energy assets.
Ukraine receives 100 mn m³ of US gas via Lithuania
A first vessel chartered by a Ukrainian trader delivered American liquefied gas to Lithuania, marking the opening of a new maritime supply route ahead of the winter season.

VSB France launches 13.8 MW wind farm at 1,420 metres altitude

VSB France has commissioned the Eoliennes de Fadoumal wind farm in Lozère, a 13.8 MW facility located in a forested high-altitude area and equipped with a patented avifauna detection system.
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Aecon partners with Norsk Kjernekraft to develop SMRs in Norway
Canadian firm Aecon and private developer Norsk Kjernekraft have signed a strategic agreement targeting the deployment of BWRX-300 small modular reactors across several potential locations in Norway.
South Africa restarts PBMR project with strategic transfer to Necsa
The South African government has officially lifted the PBMR reactor out of inactivity, launching a public investment programme and transferring the strategic nuclear asset from Eskom to Necsa.

Kretinsky takes stake in TotalEnergies through €5.1bn asset swap

Czech billionaire Daniel Kretinsky expands further into energy with a strategic investment in TotalEnergies, via his holding EPH, in exchange for assets valued at €5.1bn.
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Mozambique LNG, criminal complaint and economic recovery under judicial pressure
A German NGO has filed in France a complaint against TotalEnergies for alleged war crimes complicity around Mozambique LNG, just as the country seeks to restart this key gas project without any judicial decision yet on the substance.
TotalEnergies and Rubis fined €187.5mn for cartel in Corsica
France’s competition authority fines TotalEnergies, Rubis and EG Retail over a cartel restricting access to Corsican oil depots, affecting the local fuel distribution market.
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Astronergy and Alfa Solar invest $200mn in solar plant in Turkey
CNPC launches power subsidiary to accelerate its energy strategy
Enkraft increases pressure on ABO Energy amid contested sale process
Krista Tanner appointed CEO of ITC Holdings to succeed Linda Apsey in 2026
Mozambique LNG, criminal complaint and economic recovery under judicial pressure
Gas Liquids Engineering secures construction clearance for Canada’s REEF terminal
Gas Liquids Engineering completed the engineering phase of the REEF project, a strategic liquefied gas infrastructure developed by AltaGas and Vopak to boost Canadian exports to Asia.
KNPC plans gas production increase to 18.3 million cylinders by 2027
Kuwait National Petroleum Company aims to boost gas production to meet domestic demand driven by demographic growth and new residential projects.

Jinhong Gas invests in Spain with a strategic cryogenic unit

Chinese group Jinhong Gas finalises a new industrial investment in Spain, marking its first European establishment and strengthening its global strategy in the industrial gas sector.
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Three U.S. gas basins reshape prices, flows and contracts
Appalachia, Permian and Haynesville each reach the scale of a national producer, anchor the United States’ exportable supply and set regional differentials, LNG arbitrage and compliance constraints across the chain, amid capacity ramp-ups and reinforced sanctions.
AltaGas raises $460mn to strengthen financial structure and retain MVP
AltaGas finalises a $460mn equity raise linked to the strategic retention of its stake in the Mountain Valley Pipeline, prompting credit outlook upgrades from S&P and Fitch.

Vallourec to deliver over 30,000 tonnes of pipes for TotalEnergies in Iraq

TotalEnergies has tasked Vallourec with supplying tubular solutions for drilling 48 wells as part of its integrated gas project in Iraq, reinforcing their ongoing industrial cooperation on the Ratawi field.
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JERA launches environmental assessment for 2.6GW gas plant project in Sodegaura
The Japanese energy group plans to replace four steam turbines at its Sodegaura site with three combined-cycle gas turbines, with full commissioning targeted for 2041.
Petrus Resources increases quarterly production and reduces net debt
Petrus Resources recorded a 7% increase in production in the third quarter of 2025, along with a reduction in net debt and a 21% rise in cash flow.

Venture Global signs 20-year deal to supply LNG to the Balkans via Greece

Venture Global has signed a liquefied natural gas sales agreement with Atlantic-See LNG Trade S.A., a newly formed Greek joint venture, to supply 0.5 million tonnes annually starting in 2030, reinforcing regional energy security.
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INNIO and KMW build 54 MW gas-fired power plant to secure data centres
INNIO and KMW partner to construct a 54 MW modular gas power plant in Mainz, designed to stabilise the grid and ensure supply to the future Green Rocks data centre.
ExxonMobil takes 60% stake in gas exploration permit in Greece’s Ionian Sea
ExxonMobil joins a Greek energy consortium to explore a gas field in the Ionian Sea, strengthening its presence in the Eastern Mediterranean after Chevron, amid post-Russian energy diversification efforts.

Pembina and PETRONAS sign 20-year agreement for Cedar LNG liquefaction capacity

Pembina Pipeline Corporation and PETRONAS have signed a long-term agreement securing 1 million tonnes per year of liquefaction capacity at Canada's Cedar LNG terminal, reinforcing their positions in the global liquefied natural gas market.
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NG Energy reaches 40 MMcf/d gas output in Colombia through Aruchara-4 and Sinú-9 wells
NG Energy boosts its gas production in Colombia to 40 MMcf/d, with projected sales above $11.00 per MMBtu and expected profitability in Q4 2025.
Toshiba and GE Vernova partner to reduce emissions from gas-fired plants in Asia
Toshiba and GE Vernova have signed a memorandum of understanding to deploy integrated CO2 capture solutions in combined-cycle gas plants in Asia, reinforcing a long-standing industrial partnership.

ONE Gas narrows 2025 guidance after 37% rise in quarterly profit

ONE Gas posted higher third-quarter 2025 results with a net income increase, while adjusting its annual earnings forecast and maintaining investments in gas infrastructure expansion.
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Constitution pipeline could generate $11.6bn in savings in the US Northeast
Construction of the Constitution pipeline would reduce gas price volatility in the US Northeast, while generating up to $4.4bn in regional gross product and nearly 2,000 jobs per year.
Ovintiv completes $2.7bn acquisition of NuVista to expand Montney position
Ovintiv has reached a definitive agreement to acquire NuVista Energy for $2.7bn, adding 140,000 net acres and nearly 100,000 barrels of oil equivalent per day in Canada’s Montney.

Entergy and Energy Transfer sign 20-year gas deal to support Louisiana industry

Entergy Louisiana and Energy Transfer have signed a gas transportation contract to supply new industrial projects in North Louisiana, reinforcing their long-term energy commitment.
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Germany penalises the European gas storage supply chain
The continued rise in gas-fired power generation in Germany is slowing the filling of European reserves at a critical moment for regional energy market stability ahead of winter.
Mitsubishi Power to equip Vietnamese plant in natural gas conversion project
Mitsubishi Power will supply equipment to convert an oil-fired thermal power plant to natural gas in southern Vietnam.