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Orlen acquires 7.6% of Ekofisk project as DNO reallocates assets
Polish state-owned group Orlen strengthens its North Sea presence by acquiring DNO’s stake in Ekofisk, while the Norwegian company shifts focus to fast-return projects.
UK creates taskforce to strengthen energy resilience after Heathrow outage
The United Kingdom launches a taskforce led by the Energy Minister to strengthen the security of the national power grid after a full shutdown at Heathrow Airport caused by a substation fire.

Syria signs strategic oil deal with ConocoPhillips and Nova Terra Energy

The Syrian Petroleum Company has signed a memorandum of understanding with ConocoPhillips and Nova Terra Energy to develop gas fields and boost exploration amid ongoing energy shortages.
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Cordelio Power starts operations at 135 MW wind farm in Arkansas with Microsoft
Cordelio Power has launched commercial operations of the Crossover wind farm in Arkansas, securing a 20-year power purchase agreement with Microsoft and closing $811mn in financing from North American banks.
Fullmark Energy transfers $46mn tax credit for California storage portfolio
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.

Schneider Electric establishes new North American headquarters at Boston’s Winthrop Center

The French energy group triples its office space in Boston with a new headquarters featuring a customer experience centre and integrated smart technologies. Opening is scheduled for mid-2026.
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India targets $68bn in Japanese investment to boost gas and hydrogen
New Delhi is seeking $68bn in Japanese investment to accelerate gas projects, develop hydrogen and expand LNG import capacity amid increased openness to foreign capital.
Erex and ENEOS cancel 300MW biomass project in Niigata
Erex will end the environmental assessment of a 300MW biomass project developed with ENEOS in Niigata due to rising costs and a weaker yen.

Shell extends exchange premium after collecting $6.2bn in notes

Shell extends its early participation premium to all eligible holders after collecting over $6.2bn in validly tendered notes as part of its financial restructuring operation.
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Fincraft offers revised C$1.75 per share bid to acquire Tethys Petroleum
Fincraft Group LLP, a major shareholder of Tethys Petroleum, submitted a non-binding proposal to acquire all remaining shares, offering a 106% premium over the September trading price.
Hyroad Energy integrates maintenance and software to strengthen hydrogen offering
Hyroad Energy expands its services to include maintenance, software, and spare parts, offering a comprehensive solution for hydrogen freight operators in the United States.

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.
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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.

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.
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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.

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.
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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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Kretinsky takes stake in TotalEnergies through €5.1bn asset swap
South Africa restarts PBMR project with strategic transfer to Necsa
Aecon partners with Norsk Kjernekraft to develop SMRs in Norway
Ukraine receives 100 mn m³ of US gas via Lithuania
Trina Storage signs agreement with Pacific Green for 5GWh of energy storage
LEAG and Fluence launch Europe’s largest electricity storage project in Germany
LEAG Clean Power and Fluence Energy will build a 4 GWh battery energy storage system in Germany, marking a major step in the industrialisation of storage capacity at a European scale.
Plus Power secures $160mn for two battery storage projects in New England
Plus Power secured $160mn in tax equity investments from Morgan Stanley to fund two battery storage facilities in Massachusetts and Maine, the largest ever developed in New England.

Pylontech opens subsidiary in Australia to support energy storage investments

Chinese manufacturer Pylontech strengthens its international investment strategy by launching a local entity in Australia to accelerate the deployment of its energy storage solutions.
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HiTHIUM partners with El-Mor to deploy 1.5GWh of long-duration storage in Israel
Chinese supplier HiTHIUM enters the Israeli market with a strategic agreement to deploy 1.5GWh of long-duration energy storage alongside El-Mor Renewable Energy.
GridStor activates 220 MW battery in Texas to stabilise the power grid
GridStor has inaugurated its first energy storage facility in Texas, a 220 MW battery, designed to support the ERCOT grid and respond to the rapid increase in industrial demand in the state.

Energy Vault signs $250mn deal for 1.8 GWh storage in the Balkans

Energy Vault and EU Green Energy have signed a framework agreement for 1.8 GWh of battery storage systems, worth up to $250mn, with an initial 200 MWh project launched in Albania.
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EVE Energy and EVO Power sign strategic agreement for their expansion in Australia
EVE Energy will supply 2.2 GWh of storage systems to EVO Power over five years, supporting the large-scale deployment of front-of-meter solutions in the Australian market.
Gotion Launches First Electric Vehicle Battery Factory in Slovakia for Europe
Gotion inaugurates its Gigafactory in Slovakia, marking a significant advancement in electric vehicle battery production in Europe. This site, scheduled for 2027, strengthens the continent’s green industrial chain.

Erex and Samsung C&T Sign MoU to Develop Grid-Scale Energy Storage Projects in Japan

Erex and Samsung C&T announce a partnership to develop grid-scale energy storage projects in Japan. The two companies plan a 50:50 joint venture to deploy large-scale storage installations.
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Sinopec and LG Chem Sign Agreement to Develop Sodium-Ion Battery Materials
Sinopec and LG Chem announce a strategic partnership to develop key materials for sodium-ion batteries. This collaboration aims to accelerate the commercialization of this technology in energy storage systems and low-speed electric vehicles.
Rondo Energy to deploy 100 MWh heat battery for HEINEKEN in Portugal
HEINEKEN, EDP, and Rondo Energy are deploying a 100 MWh industrial heat battery in Lisbon, providing renewable steam 24/7 using on-site solar power and the grid.

NextStar Energy starts energy storage battery production in Windsor this November

NextStar Energy begins lithium-ion battery production for energy storage systems (ESS) in its Windsor plant this month, expanding its operations beyond electric vehicle batteries.
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Baltic Storage Platform secures €85.6mn for large-scale battery project in Estonia
Baltic Storage Platform secures a record €85.6mn ($90.6mn) to develop two battery energy storage sites in Estonia, marking the first such financing in the Baltics based solely on storage revenue streams.
Eos Energy secures 228 MWh strategic order from Frontier Power
Eos Energy and Frontier Power strengthen their collaboration with a major first order under a 5 GWh framework agreement to deploy long-duration storage systems across multiple energy markets.

Alternō launches sand battery technology in Japan with two thermal storage systems

Asia-based Alternō opens a subsidiary in Japan to industrialise its sand thermal batteries, targeting the agricultural and manufacturing sectors with two new renewable heat storage systems.
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Fox ESS partners with Solar Juice to develop 1GWh of storage in Australia
Chinese manufacturer Fox ESS has entered into a partnership with Australian distributor Solar Juice to deploy up to 1GWh of battery capacity, targeting the fast-growing residential and commercial segments of the Australian market.
AOGC Approves Final Integration of Smackover Lithium’s SWA Project 2028
The Arkansas Oil and Gas Commission validated integration of the Reynolds Brine Unit after unitizing 20,854 acres and adopting a 2.5% lithium royalty. The project targets 22,500 tonnes per year of battery-grade lithium carbonate from 2028 via a 55:45 joint venture.

Star Charge signs $3.2 billion deal for 32 GWh storage projects in the US

Star Charge Americas has signed a major service agreement with Beneficial Holdings to deploy over 32 GWh of battery energy storage systems in the United States and Puerto Rico, with a total value exceeding $3.2 billion.
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Baltic Storage Platform secures €85.6mn for dual battery project in Estonia
Joint venture Baltic Storage Platform has secured €85.6mn ($90.7mn) to build two energy storage systems in Estonia, forming one of continental Europe’s largest battery complexes.
InSolare secures 600 MW energy storage contract from SECI in India
InSolare Energy has secured a 600 MW / 1,200 MWh battery energy storage contract from state-owned SECI, strengthening its position in India’s energy infrastructure market.