Tech Energy Ventures

The Hualong One reactor at Zhangzhou nuclear power plant has been connected to the grid, marking a major milestone in the expansion of China’s civilian nuclear programme.
Russian state nuclear group Rosatom has validated the additive manufacturing of parts for its small modular reactors, marking an industrial first for RITM-200 SMR plant equipment.

Ontario mandates Hydro One for new high-voltage line with First Nations partnership

The Government of Ontario has tasked Hydro One with developing a strategic power line between Bowmanville and the Greater Toronto Area, offering equity participation to nearby First Nations.
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Three companies will begin methanol refuelling operations in Singapore in January 2026, marking a shift for the world’s largest bunkering hub.
Russia faces a structural decline in energy revenues as strengthened sanctions against Rosneft and Lukoil disrupt trade flows and deepen the federal budget deficit.

Sojitz develops 44 MW solar plant in Wakayama without public support

Sojitz plans to deliver a 44.2 MWDC solar plant in Wakayama by December 2027, funded outside the feed-in tariff scheme and aimed at direct power sale contracts.
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US tariff measures shake up Indian solar module exports, exposing the industry to structural overcapacity risks and forcing New Delhi to redirect its industrial strategy.
Condor Energies has completed drilling its first horizontal well in Uzbekistan, supported by two recompletions that increased daily production to 11,844 barrels of oil equivalent.

Maritime Fusion raises $4.5mn to bring fusion energy to commercial ships

California-based Maritime Fusion, backed by Y Combinator and Trucks VC, is betting on a decentralised approach to fusion to target maritime and off-grid applications.
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WhiteWater expands the Eiger Express pipeline in Texas, boosting its transport capacity to 3.7 billion cubic feet per day following new long-term contractual commitments.
Iberdrola offers to buy the remaining 16.2% of Neoenergia for 32.5 BRL per share, valuing the transaction at approximately €1.03bn to simplify its Brazilian subsidiary’s structure.

SolarX secures €15mn in debt from Afrigreen for C&I projects in West Africa

SolarX secures €15mn in senior debt from Afrigreen to refinance solar commercial assets in four francophone countries, consolidating Franco-European financial presence in a strategic and growing market.
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Paratus Energy Services collected $38mn via its subsidiary Fontis Energy for overdue invoices in Mexico, supported by a public fund aimed at stabilising supplier payments.
Bayridge Resources secures a majority stake in an advanced uranium project in Canada, strengthening its strategic presence in a geologically promising region.

CrossBoundary Energy raises $200mn with Standard Bank and MIGA guarantee for industrial projects in Africa

CrossBoundary Energy secures a $200mn multi-project debt facility, backed by Standard Bank and a $495mn MIGA guarantee, to supply solar and storage solutions for industrial and mining clients across up to 20 African countries.
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The 2026–2031 offshore programme proposes opening over one billion acres to oil exploration, triggering a regulatory clash between Washington, coastal states and legal advocacy groups.
The challenge to permits granted for the NESE project revives tensions between gas supply imperatives and regulatory consistency, as legal risks mount for regulators and developers.

Brazil reforms the LPG market and reignites battle between Petrobras and the Big 4

Brasilia is preparing a regulatory overhaul of the LPG sector to break down entry barriers in a market dominated by Petrobras and four major distributors, as the Gás do Povo social programme intensifies pressure on prices.
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Glencore's attributable production in Cameroon dropped by 31% over nine months, adding pressure on public revenues as Yaoundé revises its oil and budget forecasts amid field maturity and targeted investment shifts.
Washington imposes new sanctions targeting vessels, shipowners and intermediaries in Asia, increasing the regulatory risk of Iranian oil trade and redefining maritime compliance in the region.
Frontera Energy will separate its oil and infrastructure operations in Colombia to create two independent entities with distinct strategies, with completion expected in the first half of 2026.
TotalEnergies injects $100mn into Climate Investment’s Venture Strategy fund to accelerate the adoption of emissions reduction technologies within the oil industry under the OGDC framework.

Washington strengthens its support for Standard Lithium in Arkansas DLE project

Standard Lithium receives growing institutional backing in the United States to develop direct lithium extraction in Arkansas, a strategic area where the company positions itself against Exxon Mobil.
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SBM Offshore reports year-to-date Directional revenue of $3.6bn, driven by Turnkey performance and the addition of three new FPSOs to its global fleet.
The European Commission is developing a scheme mandating a minimum share of EU-made low-carbon steel in public procurement, alongside a post-safeguard trade regime and targeted energy support to sustain the continental steel industry.

Sunsure Energy signs 19.36 MW hybrid solar-wind agreement with Deepak Fertilisers

Sunsure Energy will supply Deepak Fertilisers with 19.36 MW of hybrid solar and wind power, delivering 55 mn units of electricity annually to its industrial facility in Raigad, Maharashtra.
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IonQ will deploy a quantum computer and entanglement distribution network at the University of Chicago, strengthening its technological presence within the Chicago Quantum Exchange and accelerating its product roadmap.
Texas-based energy solutions provider VoltaGrid secures record mixed financing to expand its decentralised power generation portfolio, primarily targeting hyperscale data centres.

IMCC and Maridive launch One Marine to capture offshore services demand

Kuwait's IMCC and Egypt's Maridive have formalised a joint venture based in Abu Dhabi to expand integrated offshore marine operations regionally and internationally.
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In New York, Chevron outlines its long-term vision following the Hess integration, focusing on financial stability, spending reduction, and record production to consolidate investor confidence.
Facing surging computing needs, US tech leaders are hitting an energy wall that slows down data centre construction and revives demand for gas and coal.

NextNRG posts 196% revenue growth in October

NextNRG's monthly revenue reached $7.39mn in October, more than doubling year-over-year, driven by the expansion of its technology platforms and energy services across the United States.
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The Canadian group posted record Q3 EBITDA, sanctioned $3bn worth of projects, and confirmed its full-year financial outlook despite a drop in net income.
OMS Energy is accelerating investments in artificial intelligence and robotics to position itself in the growing pipeline inspection and maintenance sector, a strategic segment with higher margins than traditional equipment manufacturing.

Duke Energy expected to post Q3 growth driven by demand and revised rates

Duke Energy is set to release its third-quarter results on November 7, with earnings forecasts pointing upward, supported by strong electricity demand, new rate structures and infrastructure investments.
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Engie maintains its 2025 earnings guidance despite falling energy prices and weaker hydro output, relying on its performance plan and a stronger expected fourth quarter.
The funding round led by Trident Ridge and Pelion Ventures will allow Creekstone Energy to launch construction of its hybrid-generation site designed for AI-optimised data centres.

Air Products posts $394mn net loss in 2025 and streamlines energy project portfolio

The US group reported a $877mn operating loss for fiscal year 2025, impacted by $3.7bn in charges related to project exits and restructuring.
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SLB has unveiled Tela, an agentic artificial intelligence technology designed to automate upstream processes and enhance operational efficiency at scale.
Gibson Energy reported record volumes in Canada and the United States, supported by the commissioning of key infrastructure and a cost reduction strategy.