WASHINGTON: The war in the Middle East has not only roiled global oil and gas markets but is now severely disrupting supply chains for renewable energy infrastructure, exposing vulnerabilities that experts say blur the line between fossil fuels and clean energy. “You can’t really separate the two anymore,” Jon Powers, president of solar and…
Renewable energy is now growing fast enough to absorb nearly all the new electricity demand being added to the world’s power grids. With solar panel prices at historic lows, batteries rapidly getting cheaper, and a conflict in the Middle East choking oil supplies, the shift away from fossil fuels is happening faster than most…
LONDON: British technology firm Hydrogen Utopia International PLC (HUI) has signed a Memorandum of Understanding (MoU) with Saudi Arabia’s Hydrogen Systems LLC to develop facilities that convert non-recyclable waste into hydrogen in the Kingdom, the companies said on Tuesday. Under the non-binding agreement, Hydrogen Systems, a regional developer and operator of hydrogen infrastructure, will…
STAMFORD — Altus Power, a leading owner and operator of commercial-scale clean electrification assets, announced Wednesday the acquisition of a 234-megawatt portfolio of solar generation and storage assets from investment manager Greenbacker Renewable Energy Company. The acquired portfolio comprises more than 100 individual sites across 18 states and features long-term contracts with investment-grade customers,…
SYDNEY – Symal Group announced today it has agreed to acquire 80% of South Australian civil construction business Davison Earthmovers for $23.2 million upfront, with settlement targeted for the third quarter of FY26. The founder of Davison Earthmovers will retain a 20% ownership stake. Symal holds a call option, and the vendor holds a…
PARIS: SPIE, the independent European leader in multi-technical services in the areas of energy infrastructure and communications, announces the signing of an agreement to acquire Worley Power Services, a subsidiary of Worley Group. With this acquisition, SPIE Global Services Energy expands its core expertise in technical maintenance to include power generation assets. Building on…
HOUSTON – Otovo, formed by the merger of U.S.-based Otovo USA and European residential power leader Otovo ASA, launched on Tuesday as a combined global home and business energy services company anchored by an artificial intelligence platform. The new entity, which will operate under the Otovo name, aims to leverage its AI-driven service model…
LONDON – Gresham House Energy Storage Fund plc (LSE: GRID), the United Kingdom’s largest fund investing in utility-scale battery energy storage systems (BESS), announced Thursday it has signed an agreement for the conditional acquisition of a 100-megawatt battery project in Elland, West Yorkshire. The project, known as Elland 2, is a key component of the…
LONDON: British infrastructure investors HICL Infrastructure PLC (HICL.L) and The Renewables Infrastructure Group TRIG.L agreed to combine on Monday, forming the UK’s largest listed infrastructure investment company with net assets exceeding £5.3 billion ($6.7 billion). The all-share merger, structured as a reconstruction and voluntary winding-up of TRIG, aims to create a dominant player better…
AMSTERDAM – Tata Steel IJmuiden B.V., a wholly owned subsidiary of Tata Steel Limited, has signed a Share Purchase Agreement with Vattenfall Power Generation Netherlands B.V. to acquire full ownership of LAG Velsen B.V., a new entity that will house three key power plants in the Netherlands. The deal, finalized on November 14, 2025,…
AMSTERDAM: New Sources Energy N.V. (NSE) and Conduit Ventures Ltd. (CV) said on Thursday they have signed a memorandum of understanding to form an exclusive strategic partnership aimed at jointly financing and developing renewable energy and energy efficiency projects. The collaboration will combine private and public equity mechanisms to support portfolio companies in the…