PsiQuantum

Danish manufacturer Vestas has paused construction of its planned facility in Poland, originally set for 2026, citing weaker-than-expected European offshore wind demand.
AXIAN Energy has acquired a majority stake in the Bangweulu solar plant in Zambia, strengthening its pan-African solar strategy while entering a rapidly growing energy market.

IMO delays maritime carbon tax talks by one year under Saudi-led motion

Talks on the Net-Zero Framework, which seeks to regulate greenhouse gas pricing on marine fuels, have been postponed until 2026 following a majority vote initiated by Saudi Arabia.
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The Malaysian group launched three tenders to sell up to five liquefied natural gas cargoes in November and December, sourced from its Bintulu and PFLNG Dua facilities.
Nigerian group Dangote has reduced crude supply to its refinery, citing a strategic adjustment to high oil prices and denying any technical failure.

South Africa lifts shale gas moratorium to revive its energy sector

The South African government ends a thirteen-year freeze on shale gas, paving the way for renewed exploration in the Karoo Basin amid a national energy crisis.
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A consortium led by Masdar and CPP Investments proposes to acquire all of ReNew at $8.15 per share, representing a 15.3% increase over the initial offer.
Sun Trinity has commissioned a 3.1 MW solar carport in Nara, bringing its on-site PPA capacity with Aeon Mall to 10.1 MW under a nationwide rollout plan across twelve commercial sites.

Asian LNG activity hits seasonal high despite muted demand

Platts' physical pricing platform records its second-highest LNG trading volume, with nearly 1.5 million tonnes exchanged despite regional demand slowdown.
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Canadian uranium producer NexGen Energy has completed a A$1bn ($639mn) equity raise split between North American and Australian markets to support the development of its Rook I project.
In Kuala Lumpur, Huawei Digital Power unveiled its grid-forming technologies, positioned as a strategic lever to strengthen power interconnections and accelerate energy market development across ASEAN.

Reliance Industries posts $2.06bn net profit in second quarter

Reliance Industries reported a 9.67% increase in net profit in the second quarter of fiscal year 2025–2026, driven by recovering petrochemical margins and continued growth in its retail and telecom operations.
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Austrian battery optimisation specialist enspired enters Japan in partnership with Banpu NEXT, backed by a Series B extension to over €40mn.
Tokyo Electric Power Company Holdings is examining the permanent closure of units 1 and 2 at the Kashiwazaki-Kariwa nuclear power plant, the oldest at the site, while continuing efforts to restart unit 6.

Clean Energy Technologies receives approval for agricultural biogas power plant in Vermont

Vermont’s energy regulator authorises final review of a 2.2 MW project led by Clean Energy Technologies to convert agricultural waste into renewable electricity.
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Standard Lithium a sécurisé $130mn via une émission d’actions ordinaires pour financer ses projets d’extraction de lithium en Arkansas et au Texas, consolidant sa position sur le marché nord-américain des métaux stratégiques.
Ameresco has completed a 50 MW battery storage system to support Nucor’s expansion in Arizona, marking one of the largest behind-the-meter industrial projects in the United States.

Philippines accelerates gas investments to secure energy future

Manila plans to expand gas and renewable energy production to meet a 6.6% increase in electricity demand over the next two years.
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An operational fire was contained at the largest refinery in the US Midwest, causing a temporary shutdown of several processing units, according to industry data.
AEP Transmission will finance the upgrade of high-voltage lines across five states through a federal loan, aiming to meet a sharp rise in industrial electricity demand.
US-based startup Base Power secures $1bn in Series C funding to boost domestic energy equipment production and expand its distributed storage platform nationwide.
Clean Energy Technologies has signed a letter of intent to lead multiple battery energy storage system projects across New York State, with each site planned for 5 MW of capacity.

Hagersville storage project receives CanREA award for innovation

The Hagersville Energy Storage Park, led by Boralex and SNGRDC, was awarded for its planned 300 MW capacity, making it Canada’s largest battery storage site.
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Nala Renewables strengthens its position in Finland with the acquisition of a battery energy storage portfolio exceeding 250 MW from Swiss developer Fu-Gen AG.
The Japanese group has started construction of a 20MW battery energy storage system in Hokkaido, aiming for commissioning in 2027 with support from PowerX and Kyocera Communication Systems.

Nightpeak Energy commissions 150 MW battery to support Texas grid

Nightpeak Energy has launched commercial operations of Bocanova Power, a 150 MW battery storage facility near Houston, to meet rapidly growing energy demand in Texas.
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Neoen has launched construction of its first long-duration battery in Muchea and commissioned the second stage of Collie Battery, bringing its storage capacity in Western Australia to 3,145 MWh.
Ottawa invests CAD22mn ($16.1mn) to support eight technology initiatives aimed at strengthening innovation, local production, and competitiveness in the country's battery supply chain.

Clean Energy Technologies installs ORC system for global industrial manufacturer in the United States

Clean Energy Technologies and RPG Energy Group completed the installation of an Organic Rankine Cycle heat recovery system at a major industrial site in Tennessee.
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Neoen begins construction of its first six-hour discharge battery in Western Australia and commissions the second phase of Collie, surpassing 3 GWh of storage capacity in the State.
Transgrid plans to contract up to 5 GW of grid-forming batteries to strengthen the stability of New South Wales’ electricity network during the energy transition.

US energy storage hits record 5.6 GW in the second quarter

The US energy storage market set a quarterly record with 5.6 GW installed, driven by utility-scale projects despite ongoing regulatory uncertainty.
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Storage provider HiTHIUM will supply 2GWh of batteries to Solarpro for multiple large-scale projects across the Balkans and Central Europe.
The three Japanese groups announced two new high-voltage battery projects in Shizuoka and Ibaraki prefectures, bringing their joint portfolio to four facilities with a combined capacity of 180MW.

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.
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Energy Vault Holdings has secured $50mn in debenture financing, complementing a $300mn preferred equity investment, to support the development of its large-scale energy storage projects.
Grenergy reported €86mn in EBITDA in the first half of 2025 and raised its investments to €421mn, supported by increased energy sales and major storage operations.

RWE registers Australia’s first eight-hour grid battery system

The 400 MWh energy storage system installed by RWE in Limondale becomes the longest-duration grid-connected battery in Australia, with full commissioning expected by the end of the year.
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A steel site in Taizhou now hosts Jiangsu’s largest behind-the-meter energy storage system, with 120 MW of output and 240 MWh of capacity, developed by Jingjiang Taifu New Energy.
Braille Energy Systems will directly integrate the distribution of its lithium battery line for drag racing, previously managed by Tony Christian Racing, consolidating its motorsport operations starting October 1.