Totum Institute

Germany will introduce a capped electricity rate for its most energy-intensive industries to preserve competitiveness amid high power costs.
The EU member states agree to prioritise a loan mechanism backed by immobilised Russian assets to finance aid to Ukraine, reducing national budgetary impact while ensuring enhanced funding capacity.

Blackstone injects $1.2bn into West Virginia’s first natural gas power plant

Blackstone commits $1.2bn to develop Wolf Summit, a 600 MW combined-cycle natural gas plant, marking a first for West Virginia and addressing rising electricity demand across the Mid-Atlantic corridor.
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Framatome’s accident-tolerant fuel prototype has completed a second 24-month cycle in a commercial nuclear reactor in the United States, paving the way for a third phase of industrial testing.
The Wylfa site in Wales will host three Rolls-Royce small modular reactors from 2026, marking a strategic investment in the UK’s nuclear expansion.

UK relaunches offshore wind with AR7 tender and 5.5 GW at stake

The UK is betting on a new contracts-for-difference model to secure up to 5.5 GW of offshore wind, despite a reduced budget and unprecedented competitive pressure.
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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 opens its first call for hydrogen suppliers with a new matchmaking platform aimed at facilitating investment decisions in the sector.

ADNOC Gas posts record $1.34 billion profit in Q3

UAE-based ADNOC Gas reports its highest-ever quarterly net income, driven by domestic sales growth and a new quarterly dividend policy valued at $896 million.
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Ballard Power Systems reports a significant increase in revenue and reduced losses, supported by deep restructuring and positive developments in its main commercial segments.
rPlus Energies has completed the acquisition of two solar and storage projects totalling 900 MW in Ada County, reinforcing its position as a key energy player in the western United States.

Haffner Energy launches 100-tonne-per-day biomethanol project in California

Haffner Energy signs its first contract in the United States with OroCarbo to supply two SYNOCA® modules for an integrated biomethanol project scheduled for 2028 in California's Central Valley.
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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.
Beev was selected by Carrefour Énergies to develop and operate an EV charging station installation service for private and professional customers in France.

Flamanville 3 reaches 80% power output ahead of extended 2026 shutdown

EDF confirmed that the Flamanville EPR has reached a major milestone, while planning a nearly year-long shutdown in 2026 for extensive regulatory inspections and key component replacement.
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EDF is opening access to its long-term nuclear supply contracts to companies consuming more than 7 GWh per year, an adjustment driven by the gradual end of the Arenh mechanism.
Under political pressure, Ademe faces proposals for its elimination. Its president reiterates the agency’s role and justifies the management of the €3.4bn operated in 2024.

Ethiopia accelerates geothermal projects to reduce reliance on diesel

Ethiopia is implementing an ambitious plan to develop geothermal energy and stabilise its electricity supply, with multiple projects underway in the Great Rift Valley and increasing support from international partners.
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Sattel International receives a licence to develop a six MWp solar power plant with storage in Luozi, a project aimed at strengthening electricity supply and supporting economic activities in this area of Kongo-Central.
Japan plans to increase its carbon capture, utilisation and storage capacity thirtyfold by 2035, but reliance on cross-border infrastructure may delay the government’s targets.
NU E Power Corp. acquires 500 MW of hybrid projects from ACT Mid Market Ltd. to support the global expansion of its artificial intelligence and Bitcoin mining infrastructure.
TotalEnergies has signed a ten-year agreement with Data4 to supply its Spanish data centers with renewable electricity, with a total volume of 610 GWh starting from January 2026. The agreement relies on a 30 MW capacity.

BP multiplies its net profit by five in the third quarter despite lower prices

BP reported a net profit of $1.16 billion in the third quarter, five times higher than in 2024, thanks to strong results in refining and distribution, despite a decline in oil prices.
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Aramco reported a 2.3% decrease in its net profit for the third quarter, amid global economic uncertainties and an oversupply of oil, although its adjusted earnings showed a slight increase.
Shell restructures six series of bonds through an exchange offer, migrating them to its U.S. subsidiary to optimize its capital structure and align its debt with its U.S. operations.

ADNOC, Microsoft, Masdar and XRG lock energy and AI loads

The partnership combines industrial AI tools, continuous power supplies, and investment vehicles, with volumes and metrics aligned to the demands of high-density data centers and operational optimization in oil and gas production.
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Iberdrola has finalized the acquisition of 30.29% of Neoenergia for 1.88 billion euros, strengthening its strategic position in the Brazilian energy market.
Dominion Energy reported net income of $1.0bn in Q3 2025, supported by solid operational performance and a revised annual outlook.

Vattenfall raises operating profit to SEK21.47mn amid nuclear repositioning

Swedish group Vattenfall improves its underlying operating result despite the end of exceptional effects, supported by nuclear and trading activities, in a context of strategic adjustment on European markets.
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ACWA Power signed $10bn worth of projects and financing agreements across Central Asia, the Gulf, China and Africa, marking a new phase in its global energy expansion.
Athabasca Oil steps up its share repurchase strategy after a third quarter marked by moderate production growth, solid cash flow generation and disciplined capital management.

Schneider Electric maintains targets despite €466mn currency impact

Schneider Electric reaffirmed its annual targets after reporting 9% organic growth in Q3, driven by data centres and manufacturing, despite a negative currency effect of €466mn ($492mn).
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The Italian industrial cable manufacturer posted revenue above €5bn in the third quarter, driven by high-voltage cable demand, and adjusted its 2025 guidance upward.
The Thai group targets energy distributors and developers in the Philippines, as the national grid plans PHP900bn ($15.8bn) in investments for new transformer capacity.

Scatec cuts debt by 27% and reaches record 3,392 MW in projects

Scatec strengthened growth in the third quarter of 2025 with a significant debt reduction, a rising backlog and continued expansion in emerging markets.
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The French industrial gas group issued bonds with an average rate below 3% to secure the strategic acquisition of DIG Airgas, its largest transaction in a decade.
With a 5.6% increase in net profit over nine months, Naturgy expects to exceed €2bn in 2025, while launching a takeover bid for 10% of its capital and engaging in Spain’s nuclear debate.

OMV posts €1.26bn operating profit in Q3 despite falling revenues

Austrian energy group OMV reported a 20% increase in operating profit in Q3 2025, driven by strong performance in fuels and petrochemicals, despite a decline in total revenue.
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Equinor reported 7% production growth and strong cash flow, despite lower hydrocarbon prices weighing on net results in the third quarter of 2025.
The former EY senior partner joins Boralex’s board, bringing over three decades of audit and governance experience to the Canadian energy group.