TriSummit Utilities

NU E Power Corp. closed a first financing tranche of $625,003 to support interconnection projects in Alberta and international feasibility studies, marking a new phase in the deployment of its energy infrastructure network.
Indian solar module manufacturer Emmvee has commissioned a new 2.5 GW production unit in Karnataka, raising its total capacity to 10.3 GW and triggering a 6% rise in its share price on the BSE.

South Korea approves operation of Saeul 3 nuclear reactor in Ulsan

The South Korean nuclear regulator has approved the launch of the 1,400-megawatt Saeul 3 reactor, beginning with a six-month pilot phase before full commercial operation.
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The Indonesian government plans to limit mining output in 2026 to stabilise commodity prices and increase fiscal revenues, according to the Minister of Energy and Mineral Resources.
Caspian Pipeline Consortium suspended loading and intake operations due to a storm and full storage capacity.

Russian gas exports to Europe fall to 18 bcm, lowest level since the 1970s

Pipeline natural gas deliveries from Russia to the European Union dropped by 44% in 2025, reaching their lowest level in five decades following the end of transit via Ukraine.
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Ankara is preparing a maritime exploration agreement with Damascus for 2026, marking a new phase in bilateral energy cooperation following a diplomatic rapprochement launched in 2025.
Octopus sells a minority stake in Kraken for $1 billion in a deal valuing the tech platform at $8.65 billion, initiating its spin-off and strengthening its position among international energy suppliers.

Frontera signs $120mn crude oil deal with Chevron subsidiary

Frontera Energy has signed a crude supply deal worth up to $120mn with Chevron Products Company, including an initial $80mn prepayment and an option for additional funding.
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Amplify Energy has completed the sale of its Oklahoma assets for $92.5mn, as part of its strategy to streamline its portfolio and optimise its financial structure.
NextNRG strengthens its domestic battery supply by signing a memorandum of understanding with A123 Systems, targeting the deployment of energy storage systems manufactured in the United States across its national project portfolio.

AltaGas signs five-year labour agreement for its propane export terminal

AltaGas has finalised a labour agreement with union ILWU Local 523B, ending a 28-day strike at its Ridley Island propane terminal, a key hub for Canadian exports to Asia.
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Fusion Fuel, through its subsidiary BrightHy Solutions, has set up a €30mn ($32.9mn) funded platform to develop industrial hydrogen projects, with the first site expected in Spain in 2026.
Amber Grid has signed an agreement to maintain gas transit to Russia’s Kaliningrad exclave, with a daily capacity cap of 10.5 mn m³ until the end of 2030, under a framework regulated by the European Union.

Cindrigo finalises acquisition of three geothermal licences backed by federal loan

Cindrigo Holdings has secured the extension of its three geothermal permits in Germany and plans to benefit from a new loan programme launched by public bank KfW.
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Lebanon engages in a memorandum of understanding with Egypt to import natural gas and support its electricity production, with infrastructure rehabilitation and active funding searches required to secure delivery.
State-owned Nigerian company NNPC has opened a bidding process to sell stakes in oil and gas assets as part of a portfolio restructuring strategy.

Jindal signs 15-year contract to upgrade Hwange thermal power plant

Zimbabwe awards India’s Jindal Steel a $455mn contract to add 400 megawatts, or 20% of national demand, through the rehabilitation of its coal-fired Hwange plant.
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As offshore projects expand, Caribbean nations are investing in shore bases and specialised ports to support oil and gas operations at sea.
Turkish, Hungarian and Polish national companies confirm participation in Tripoli's summit as Libya revives upstream investments and broadens licensing opportunities.
The American oil group now plans to invest $20 billion in low-emission technologies by 2030, down from the $30 billion initially announced one year earlier.
BHP sells a minority stake in its Western Australia Iron Ore power network to Global Infrastructure Partners for $2 billion, retaining strategic control while securing long-term funding for its mining expansion.

Chinese cleantech investments reshape the global industrial energy map

More than $80bn in overseas cleantech investments in one year reveal China’s strategy to export solar and battery overcapacity while bypassing Western trade barriers by establishing industrial operations across the Global South.
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Exxaro increases its energy portfolio in South Africa with new wind and solar assets to secure power supply for operations and expand its role in independent generation.
Plenitude acquires full ownership of ACEA Energia for up to €587mn, adding 1.4 million customers to its portfolio and reaching its European commercial target ahead of schedule.

ABB takes stake in OctaiPipe to optimise data centre operations

ABB invests in UK-based start-up OctaiPipe to strengthen its smart energy-saving solutions for data centre infrastructure.
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Enbridge has announced a 3% increase in its annual dividend for 2026 and expects steady revenue growth, with up to CAD20.8bn ($15.2bn) in EBITDA and CAD10bn ($7.3bn) in capital investment.
Axess Group has signed a memorandum of understanding with ARO Drilling to deliver asset integrity management services across its fleet, integrating digital technologies to optimise operations.

Eskom forecasts $937 million profit for 2026 fiscal year

South African state utility Eskom expects a second consecutive year of profit, supported by tariff increases, lower debt levels and improved operations.
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Equans Process Solutions brings together its expertise to support highly technical industrial sectors with an integrated offer covering the entire project lifecycle in France and abroad.
Zenith Energy centres its strategy on a $572.65mn ICSID claim against Tunisia, an Italian solar portfolio and uranium permits, amid financial strain and reliance on capital markets.

Kamoa-Kakula mine in DRC targets 347 MW in electricity demand by 2028

Ivanhoe Mines expects a 67% increase in electricity consumption at its copper mine in DRC, supported by new hydroelectric, solar and imported supply sources.
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Q ENERGY France and the Association of Rural Mayors of France have entered a strategic partnership to develop local electrification and support France's energy sovereignty through rural territories.
ACWA Power, Badeel and SAPCO have secured $8.2bn in financing to develop seven solar and wind power plants with a combined capacity of 15 GW in Saudi Arabia, under the national programme overseen by the Ministry of Energy.

Hydro-Québec posts $2.83bn net income driven by electricity exports

Hydro-Québec reports a 29% increase in net income over nine months in 2025, supported by a profitable export strategy and financial gains from an asset sale.
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Antin Infrastructure Partners is preparing to sell Idex in early 2026, with four North American funds competing for a strategic asset in the European district heating market.
EDF could sell up to 100% of its US renewables unit, valued at nearly €4bn ($4.35bn), to focus on French nuclear projects amid rising debt and growing political uncertainty in the United States.

Hydro to close five European extrusion sites to strengthen competitiveness

Norsk Hydro plans to shut down five extrusion plants in Europe in 2026, impacting 730 employees, as part of a restructuring aimed at improving profitability in a pressured market.
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The City of Paris has awarded Dalkia the concession for its urban heating network, a €15bn contract, ousting long-time operator Engie after a five-year process.
NU E Power Corp. completed the purchase of 500 MW in energy assets from ACT Mid Market Ltd. and appointed Broderick Gunning as Chief Executive Officer, marking a new strategic phase for the company.