Upper Bay Infrastructure Partners

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.
Hadron Energy formalises its regulatory plan with U.S. nuclear authorities ahead of its $1.2bn merger with GigCapital7, relying on early compliance to accelerate the commercial deployment of its microreactor.
The International Atomic Energy Agency denounces the ongoing inspection blockage at several damaged Iranian nuclear facilities, where stocks of highly enriched uranium remain.

Orano deploys humanoid robot at Melox to support nuclear teams

Orano is testing an artificial intelligence-equipped robot for four months at its Melox site to assess its ability to assist in sensitive and repetitive industrial operations.
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The UK’s Sizewell C project reaches a key milestone with a financing boost from EDF, including a loan guaranteed by Bpifrance and backing from the National Wealth Fund, with an estimated total cost of GBP38bn ($48.19bn).
NGE, through its subsidiary Sade, has won the contract for the cooling system networks (SEC) of six EPR2 reactors in France, a key project for nuclear safety and industrial innovation.

Constellation explores doubling the nuclear capacity of Calvert Cliffs

Constellation plans to increase the nuclear capacity of Calvert Cliffs in Maryland, with projects aimed at addressing the rising energy demand and supporting the state’s economic growth.
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The UK's Office for Nuclear Regulation has granted formal consent to EDF Energy to decommission the Hinkley Point B nuclear power plant in Somerset, England, following its permanent shutdown in August 2022.
Illinois and New York take significant steps to develop additional nuclear capacity, aiming to strengthen their power generation while diversifying their sources.

Intuitive Machines awarded USD8.2mn for testing space nuclear system

US company Intuitive Machines has secured an additional contract to develop compact nuclear technology for lunar missions and extended space infrastructure.
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Centrales Nucleares Almaraz-Trillo has officially requested the extension of operations for reactors Almaraz I and II until 2030, challenging the original timeline for the shutdown of Spain’s nuclear fleet.
US-based Amentum has secured strategic roles on a 15-year decommissioning framework in the United Kingdom, potentially worth up to £1.4bn ($1.9bn), through multiple projects at the Sellafield site.

European Investment Bank grants €90mn to modernise Olkiluoto

Finland’s Olkiluoto nuclear plant will receive a €90mn ($104mn) loan from the European Investment Bank to upgrade units I and II as part of a programme aiming to extend their operational lifespan.
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Electrabel has entrusted Framatome with upgrading the control system of the Tihange 3 reactor, reinforcing Belgium’s nuclear extension strategy launched in 2023.
Hitachi joins Washington and Tokyo in strategic projects to modernise the US grid and back artificial intelligence expansion through nuclear and electrification investments.

NANO Nuclear launches True North Nuclear to strengthen its investments in Canada

NANO Nuclear restructures its Canadian operations under the name True North Nuclear to accelerate regulatory and industrial development of its KRONOS MMR™ microreactor.
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Cameco and Brookfield have signed a strategic agreement with the US government to build new Westinghouse reactors, a project valued at a minimum of $80bn, including an unprecedented public participation mechanism.
Talks are underway between Astana and Helsinki to consider the delivery of Kazakh uranium for Finnish nuclear power plants, amid efforts to diversify energy export markets.

Google signs 25-year deal to restart Duane Arnold nuclear power plant

NextEra Energy announces an agreement with Google to restart a nuclear plant in Iowa, with operations expected to resume as early as 2029 and full site ownership secured.
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The environmental review of TerraPower’s Natrium project in Wyoming has been completed, paving the way for a construction permit for this advanced nuclear reactor.
Santee Cooper has selected Brookfield Asset Management to lead a feasibility study aimed at completing two unfinished AP1000 reactors, without relying on public funds or raising consumer rates.