Leadership

The Canadian pension fund takes a strategic minority stake in AlphaGen, a 11 GW U.S. power portfolio, to address rising electricity demand from data centres and artificial intelligence.
Minnesota’s public regulator has approved the $6.2bn acquisition of energy group Allete by BlackRock and the Canada Pension Plan, following adjustments aimed at addressing rate concerns.

Clariant targeted by BP and ExxonMobil in ethylene case

The Swiss chemical group faces two new lawsuits filed in Germany, bringing the total compensation claims from oil and chemical companies to over €3.5bn ($3.7bn) in the ethylene collusion case.
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Statkraft continues its strategic shift by selling its district heating unit to Patrizia SE and Nordic Infrastructure AG for NOK3.6bn ($331mn). The deal will free up capital for hydropower, wind, solar and battery investments.
Petronas Gas restructures its operations by transferring regulated and non-regulated segments into separate subsidiaries, following government approval to improve transparency and optimise the group’s investment management.

Marubeni creates power trading joint venture with SmartestEnergy in Japan

Marubeni Corporation has formed a power trading unit in joint venture with UK-based SmartestEnergy, targeting expansion in Japan’s fast-changing deregulated market.
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Exxon Mobil plans to reduce its Singapore workforce by 10% to 15% by 2027 and relocate its offices to the Jurong industrial site, as part of a strategic investment shift.
Phoenix Energy raised $54.08mn through a preferred stock offering now listed as PHXE.P on NYSE American, with an initial dividend scheduled for mid-October.

TotalEnergies cuts investments while accelerating energy production

TotalEnergies plans to increase its energy production by 4% annually until 2030, while reducing global investments by $7.5bn amid what it describes as an uncertain economic environment.
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Occidental Petroleum is considering selling its chemical subsidiary OxyChem for $10bn, a transaction that forms part of its deleveraging strategy launched after several major acquisitions.
ABO Energy is assessing a shift to independent power production by operating its own renewable parks, signalling a major strategic move in a market that has become more favourable.

Fortescue forges global industrial alliances to electrify its mining operations

Fortescue accelerates the decarbonisation of its operations by leveraging an international network of technology and industrial partners, targeting net zero at its mining sites by 2030.
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Mexican state-owned company Pemex confirmed the partial acceptance of bond securities under its debt repurchase offer, with a total allocation of $9.9bn, following strong oversubscription.
Swiss energy company MET strengthens its footprint in Central and Southeast Europe with the full acquisition of MET Slovakia and the launch of a new operational subsidiary in Albania.

Gresham House acquires SUSI Partners to become a leading European energy player

UK-based Gresham House will acquire Swiss investment manager SUSI Partners, strengthening its international footprint in energy transition infrastructure.
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Spruce Power launches an internal reorganisation aimed at reducing annual operating costs by $20mn, with the closure of its Denver office and a refocus on key initiatives to strengthen profitability.
TotalEnergies’ Board of Directors is adjusting its shareholder return strategy while consolidating its multi-energy growth and employee shareholding plan amid an uncertain energy and geopolitical landscape.

Fermi America signs two energy deals with Siemens Energy for 2 GW in 2026

Fermi America has signed two letters of intent with Siemens Energy to supply an additional 1.1 GW of gas turbines and collaborate on nuclear steam turbines as part of its 11 GW private energy campus dedicated to artificial intelligence.
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Aker becomes one of Nscale’s largest shareholders following a $1.1bn funding round, reinforcing its exposure to large-scale artificial intelligence infrastructure.
TenneT Holding has reached an agreement with APG, GIC and NBIM to finance the expansion of the German high-voltage grid, securing its capital needs for the coming years.
Orazul Energy Perú has launched a public cash tender offer for all of its 5.625% notes maturing in 2027, for a total principal amount of $363.2mn.
SOLV Energy expands its nationwide services in the United States with the acquisitions of Spartan Infrastructure and SDI Services, consolidating its presence across all independent power markets.

Plural raises $7.13mn to fund decentralised energy assets

Tokenised asset platform Plural secures $7.13mn to accelerate financing of distributed infrastructure including solar, storage, and data centres.
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Santander Alternative Investments has invested in Corinex to accelerate the deployment of its smart grid solutions, aiming to address growing utility needs in Europe and the Americas.
Driven by grid modernisation and industrial automation, the global control transformer market could reach $1.48bn in 2030, with projections indicating steady growth in energy-intensive sectors.

Italy faces ten-year delay on EU climate targets

A report from energy group Edison highlights structural barriers slowing renewable deployment in Italy, threatening its ability to meet 2030 decarbonisation targets.
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ADNOC Group CEO Dr Sultan Al Jaber has been named 2025 CEO of the Year by his global chemical industry peers, recognising his role in the company’s industrial expansion and international investments.
Swedish renewable energy developer OX2 has appointed Matthias Taft as its new chief executive officer, succeeding Paul Stormoen, who led the company since 2011 and will now join the board of directors.

Global renewable energy investments reach $386 billion in first half

Driven by distributed solar and offshore wind, renewable energy investments rose 10% year-on-year despite falling financing for large-scale projects.
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Australian Oilseeds Holdings was granted a deadline extension until 30 September to comply with the Nasdaq’s equity requirements, avoiding immediate delisting from the exchange.
Fermi America has closed $350mn in financing led by Macquarie to accelerate the development of its HyperGrid™ energy campus, focused on artificial intelligence and high-performance data applications.

Soluna crosses one gigawatt milestone with two new data centres in Texas

Soluna Holdings launched two energy projects in Texas, reaching one gigawatt of cumulative capacity for its data centres, marking a new stage in the development of computing infrastructure powered by renewable energy.
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Eneco’s Supervisory Board has appointed Martijn Hagens as the next Chief Executive Officer. He will succeed interim CEO Kees Jan Rameau, effective from 1 March 2026.
With $28 billion in planned investments, hyperscaler expansion in Japan reshapes grid planning amid rising tensions between digital growth and infrastructure capacity.

Ørsted suffers historic drop and closes at around 26 USD after offshore project suspension

The suspension of the Revolution Wind farm triggers a sharp decline in Ørsted’s stock, now trading at around 26 USD, increasing the financial stakes for the group amid a capital increase.
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Hydro-Québec reports net income of C$2.3 billion in the first half of 2025, up more than 20%, driven by a harsh winter and an effective arbitrage strategy on external markets.
French group Air Liquide strengthens its presence in Asia with the acquisition of South Korean DIG Airgas, a key player in industrial gases, in a strategic €2.85 billion deal.

France: the government asks EDF to reassess the sale of its subsidiary Exaion

The Ministry of Economy has asked EDF to reconsider the majority sale agreement of its technology subsidiary Exaion to the American group Mara, amid concerns related to technological sovereignty.
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IBM and NASA unveil an open-source model trained on high-resolution solar data to improve forecasting of solar phenomena that disrupt terrestrial and space-based technological infrastructures.
The Louisiana regulatory commission authorizes Entergy to launch major energy projects tied to Meta’s upcoming data center, with anticipated impacts across the regional power grid.