GridStor Buys Accelergen’s Birdseye Battery Project in Colorado
GridStor has purchased the 199 MW/796 MWh Birdseye battery storage project in Adams County, Colorado, from Accelergen. The deal, the company’s second western U.S. acquisition and fifth overall in 18 months, positions GridStor to meet peak‑demand needs for more than 150,000 households. Construction is expected to begin in 2027 with operations slated for late 2028, creating about 115 construction jobs and generating roughly $18 million in tax revenue. Backed by Goldman Sachs Asset Management, GridStor now oversees 530 MW of operational or under‑construction storage and over 3 GW in advanced development.
Star Catcher Raises $65m to Build First Power Grid in Orbit
Star Catcher Industries announced a $65 million Series A round, bringing its total capital to $88 million, to fund the first orbital power grid using optical power‑beaming technology. Led by B Capital with co‑lead investors Shield Capital and Cerberus Ventures, the round follows...
RHODÉ Consortium Unveils R&D Project for Floating HVDC Connections
The RHODÉ consortium—led by Chantiers de l’Atlantique, GE Vernova, Nexans, RTE and others—has launched a €16 m ($18.5 m) R&D program to develop floating high‑voltage direct current (HVDC) connections for deep‑water offshore wind farms. The project targets 320 kV and 525 kV floating substations,...
Avangrid, PSE Sign PPA for 199.5MW Big Horn I Wind Farm
Avangrid and Puget Sound Energy have signed a power purchase agreement to upgrade the 199.5 MW Big Horn I wind farm in Washington, targeting commercial operation by 2028. The upgrade will extend the facility’s life, boost performance, and generate enough electricity...
New Episode: Copper-Gold Mining – the Strategic Convergence of Two Sectors
The latest Energy Technology podcast episode explores how copper and gold mining are converging as ore grades fall and deposits deepen. Analysts from GlobalData and Vizsla Copper discuss the rise of large‑scale porphyry copper‑gold systems that pair long‑term copper demand...
SK Innovation Begins Construction on LNG-Fired Power Plant in Vietnam
South Korea’s SK Innovation has broken ground on a 1.5 GW LNG‑fired combined‑cycle power plant in Nghe An Province, part of the $2.3 bn Quynh Lap LNG Project. The development, built with state‑owned PetroVietnam Power and agribusiness NASU, also includes an LNG import terminal...
CIM Group Unveils Permanent Power Company with $400m Support
CIM Group has launched Permanent Power Company as a national power platform and secured a $400 million financing commitment from HPS Investment Partners. The firm also signed a long‑term power purchase agreement covering 246 MW of solar PV and 150 MW/600 MWh of battery...
Tallgrass, Mitsubishi Allocate M501JAC Turbines to Cheyenne Power Hub
Tallgrass and Mitsubishi Power Americas have allocated the first two M501JAC gas turbines to the Cheyenne Power Hub in southeast Wyoming, delivering roughly 1.15 GW of capacity. Installation of the first unit is slated to begin as early as July. The...
Philippines’ Renewable Capacity to Reach 30GW by 2035, Forecasts GlobalData
GlobalData forecasts the Philippines’ renewable power capacity to rise from about 7.1 GW in 2025 to roughly 30 GW by 2035. Solar photovoltaic will dominate the expansion, reaching 18.7 GW, while wind grows to 7.4 GW. Liberalised foreign‑ownership rules and the Green Energy Auction...
South America Reshapes Its Hydropower Future Amid Climate, Investment and AI Pressures
South America’s hydropower, which meets roughly 45% of regional electricity demand, has stalled despite a 30% untapped resource base. Climate‑driven droughts and extreme rainfall are reshaping water availability, while political frictions in Colombia, Argentina, Peru and Chile dampen investor confidence....
Why Gas Engine Power Plants Are Crucial in the Energy Transition
Gas‑engine power plants are emerging as a flexible bridge in the shift toward a renewables‑heavy grid. Their modular, containerised design lets operators match output to volatile demand and quickly replace or relocate capacity as transmission upgrades roll out. Compared with...
Matrix Connects Two New Renewable Projects to Spanish Grid
Matrix Renewables has linked two new solar farms—Cruz de los Caminos and Piedra de la Sal—in Cuenca province to Spain’s national grid, adding roughly 102.5 MW of capacity. The projects bring the company’s Spanish footprint to 15 interconnected assets and a...
Aternium Selects Siemens Energy for FEED on Mid-Atlantic Clean Hydrogen Project
Aternium has appointed Siemens Energy to conduct front‑end engineering design (FEED) for a large clean‑hydrogen facility in the U.S. Mid‑Atlantic, with Kiewit Engineering handling pre‑FEED. The plant will generate hydrogen for hard‑to‑decarbonise industries and include heavy‑water extraction for fusion, semiconductor...
Grenergy Secures $268m for Monte Águila Hybrid Plant in Chile
Spanish clean‑energy developer Grenergy closed a $268 million senior non‑recourse financing package for its Monte Águila hybrid plant in Chile. The facility combines 342 MW of solar generation with 1.03 GWh of battery storage and is part of the Central Oasis platform. The...
GE Vernova Announces Maraen Port of Nigg for Dogger Bank B and C Phases
GE Vernova has named Scotland’s Maraen Port of Nigg as the marshalling hub for the upcoming B and C phases of the Dogger Bank Wind Farm. The hub will store and prep GE’s Haliade‑X turbine components before they are shipped...
Neoenergia Plans $10bn Investment in Brazil by 2030
Neoenergia, Iberdrola’s Brazilian arm, secured 30‑year renewals for three distribution concessions and announced a $10.2 bn investment plan through 2030. The funding, nearly double the amount spent in the previous five years, will target expansion, modernization and digitalisation of Brazil’s power...
Axpo Launches 200MWp Vilecha Solar Complex in Spain
Axpo has inaugurated the 200 MW‑peak Vilecha solar complex in Spain’s León province, the largest photovoltaic installation in its portfolio. The four‑site, 310‑hectare project is expected to generate over 377 GWh of clean electricity each year, enough for roughly 100,000 households. It...
Rezolv Energy Launches 225MW Solar Project in Bulgaria
Rezolv Energy has commissioned the 225 MW St. George solar park in Silistra, Bulgaria, marking its first large‑scale operational project. Built on the former Silistra airport, the 165‑hectare brownfield site hosts nearly 400,000 panels and a 90 MW/240 MWh battery storage system funded partly...
US Offshore Wind “Not a Dead Industry” – Oceantic Network CEO
At the Offshore Technology Conference 2026, Oceantic Network president Liz Burdock argued that U.S. offshore wind is not a dead industry. She cited recent court rulings that overturned the Trump administration’s permitting ban and cleared five stalled permits, strengthening the...
AEP Q1 2026 GAAP Earnings Rise 9% to $874m
American Electric Power reported Q1 2026 GAAP earnings of $874 million, up 9.3% year‑over‑year, while revenue climbed 10.2% to $6.02 billion. Segment earnings surged, with vertically integrated utilities and transmission & distribution units posting over 40% growth, offset by an 11% dip at...
New Episode: Turning Tailings Into Assets, Q&A with Canada’s MICA
The Energy Technology podcast’s latest episode examines how mining companies are re‑evaluating tailings—historically treated as waste—as a potential source of critical minerals. Declining ore grades, tighter capital discipline, and supply‑chain pressures are driving this shift, while emerging technologies such as...
KIFM to Buy Merlimau Cogen Plant Stake for $100m
Keppel Infrastructure Fund Management, trustee‑manager of Keppel Infrastructure Trust, will purchase an additional 39% stake in the Merlimau Combined‑Cycle Gas Turbine plant for roughly US$100 million. The deal raises KIT’s ownership to 90% of the 1.3 GW facility, which supplies over 10%...
ADB Unveils $70bn Plan for Asia’s Energy and Digital Infrastructure
The Asian Development Bank announced a $70 bn plan to upgrade energy and digital infrastructure across Asia‑Pacific by 2035. The Pan‑Asia Power Grid Initiative will mobilise $50 bn to build 22,000 km of cross‑border transmission lines, integrate 20 GW of renewable power and reach...
Israel’s Biggest Solar Power Plant Receives Final Approval
Israel’s Energy and Finance ministries have green‑lit the final financing for a 265 MW photovoltaic solar farm near Dimona, the country’s largest ever. Built by EDF Renewables under a 25‑year public‑private partnership, the plant will span roughly 740 acres and sell power...
MARA Agrees to Acquire Long Ridge Energy for $1.5bn
MARA announced a definitive agreement to acquire Long Ridge Energy & Power for roughly $1.5 bn, including assumed debt and a bridge loan. The deal adds a 505 MW combined‑cycle gas plant, over 1,600 acres of land, rail infrastructure, and a nascent...
Northland Inks 30-Year CPPA with TSMC for Hai Long Wind Project
Northland Power has signed a 30‑year corporate power purchase agreement with Taiwan Semiconductor Manufacturing Company to buy the full output of the 1.02 GW Hai Long offshore wind project. The JV, comprising Northland (30.6%), Mitsui (40%) and Gentari International Renewables (29.4%), will...
Kirkland & Ellis Leads Power Sector M&A Legal Advisory by Value in Q1 2026
GlobalData’s Q1 2026 league table shows Kirkland & Ellis topped the power‑sector M&A advisory market by deal value, handling $42.7 billion across five transactions. Gibson, Dunn & Crutcher led the sector in transaction count with 11 deals, though its total value ranked ninth. The rankings also...
US DoE Moves to Release $430m for Hydropower Upgrades
The U.S. Department of Energy will release nearly $430 million to modernize aging hydropower facilities, covering 293 projects at 212 sites across 33 states. The funding, part of the Maintaining and Enhancing Hydroelectricity Incentives program, aims to upgrade turbines, generators, spillways...
UGI to Sell Electric Division to Argo Infrastructure Partners for $470m
UGI Utilities is selling its Pennsylvania Electric Division to Argo Infrastructure Partners for roughly $470 million, a deal that includes working‑capital adjustments and is slated to close in Q1 2027 pending regulatory sign‑off. The division operates about 2,700 miles of transmission and distribution...
Oil as an Asset: Why Lubrication Strategy Matters More than Ever in Wind Energy
Exxon Mobil’s new whitepaper positions turbine lubrication as a strategic asset for wind‑energy operators facing rising O&M costs, aging fleets, and supply‑chain constraints. It highlights how synthetic gear oils, especially Mobil SHC Gear 320 WindPower, can extend gearbox oil life to the turbine’s full design...
New Episode: Batteries and Beyond, Emerging Energy Storage Solutions
Power Technology’s Energy Technology podcast released Episode 14, “Batteries and Beyond – Emerging Energy Storage Solutions,” highlighting the accelerating global power demand driven by transport, industry electrification, and expanding digital infrastructure. The episode underscores that energy storage has shifted from a...
Adani Forms Nuclear Subsidiary
Adani Power has created a wholly owned nuclear subsidiary, Coastal‑Maha Atomic Energy Ltd (CMAEL), under its Adani Atomic Energy arm. CMAEL was incorporated with an authorized capital of Rs 500,000 (about $5,400) and will handle generation, transmission and distribution of nuclear...
Citi Leads Power M&A Advisory Market by Value in Q1 2026
Citi vaulted to the top of the power‑sector M&A advisory market in Q1 2026, guiding transactions worth $41.4 bn. The leap from 21st place a year earlier was driven by four billion‑dollar deals, including a mega‑transaction exceeding $10 bn. Morgan Stanley captured the...
AI-Enabled Smart Grid to Accelerate Power Sector’s Shift to Clean Energy
GlobalData’s new Smart Grid report highlights an AI‑driven transformation of power networks, with utilities leveraging real‑time analytics to fine‑tune load balancing and boost reliability. AI models from firms like Solcast and RisingStack now‑cast solar output, while National Grid uses sensor...
How Workforce Training Is Shaping the Future of Offshore Renewables
The Global Wind Organization (GWO) has standardized safety training for offshore wind workers, creating a unified curriculum that includes fire awareness, sea survival, and working at heights. Its digital registry, WINDA, stores certifications globally, allowing instant verification of credentials. Hands‑on...
Toyota Tsusho’s AEOLUS Begins Operation of Solar Plants in Tunisia
Toyota Tsusho’s AEOLUS has begun commercial operation of two 50 MW solar power plants in Tunisia’s Sidi Bouzid and Tozeur governorates, delivering a combined 100 MW capacity. The projects, developed at a cost of about $92 million, are financed by the EBRD and...
Iberdrola Divests Mexico Business to Cox in $4bn Deal
Iberdrola has completed the sale of its Mexican power portfolio to Cox for $4 billion, after securing all regulatory approvals. The deal transfers 2.6 GW of combined‑cycle, cogeneration, wind and solar assets, plus a pipeline of projects and the country’s largest private...
GenusPlus Wins $78m Contract for KLG Project in Australia
GenusPlus Group secured a A$110 million ($78.5 million) lump‑sum, turnkey contract to build the 200 MW/800 MWh Koolunga Battery Energy Storage System (BESS) in South Australia. The EPCC scope covers engineering, procurement, construction and commissioning, with work slated to start soon and finish by...
IQIP, EnBW and Vattenfall to Deploy EQ-Piling at Dreekant Project
IQIP, EnBW and Vattenfall are set to carry out the first full‑scale offshore monopile installation using EQ‑Piling technology at the 1 GW Dreekant wind farm in Germany. Developed by IQIP, EQ‑Piling is a noise‑mitigation system that also promises lower CO₂ emissions...
Ontario Approves 230kV Red Lake Transmission Expansion
Ontario’s government has approved Hydro One Networks to construct the 230 kV Red Lake Transmission Line, a 162‑km double‑circuit project linking Dryden and Red Lake. The line will add roughly 400 MW of capacity—four times the current supply—enhancing grid reliability for remote communities and...
Sonnedix, Copec EMOAC Sign PPAs for Chilean BESS Project
Sonnedix has signed three power purchase agreements with Copec EMOAC for the Librillo battery energy storage system, a 117 MW, 643.8 MWh project in Chile’s Antofagasta region. The stand‑alone BESS will operate five hours per day, delivering nighttime renewable power and improving...
Kindle Energy Starts Construction on $1.2bn Wolf Summit Energy Project
Kindle Energy has broken ground on the Wolf Summit Energy project, a 600 MW combined‑cycle gas turbine plant in Harrison County, West Virginia. The $1.2 bn development is being built with Blackstone Energy Transition Partners and will use GE Vernova’s advanced natural‑gas technology....
Fred. Olsen Seawind to Take Full Control of Muir Mhòr Wind Project
Fred. Olsen Seawind has agreed to purchase Vattenfall’s 50 % stake in the 1 GW Muir Mhòr floating offshore wind project off Scotland’s Aberdeenshire coast, giving it full ownership. The project, granted seabed rights in 2022, targets early‑2030s commercial generation pending regulatory approvals....
Wind Power Reaches 1.3TW as Record 165GW Installed in 2025
The Global Wind Energy Council’s 2025 Global Wind Report shows a record 165 GW of new wind capacity installed, a 40% jump over the previous record year. Global wind capacity now totals roughly 1.3 TW across 138 countries, underscoring wind’s evolution into...
US House Passes Build More Hydro Bill
The U.S. House approved the Build More Hydro bill (S.1020) with a 394‑14 vote, following Senate passage, and now awaits President Trump’s signature. The legislation lets the Federal Energy Regulatory Commission extend construction deadlines for licensed hydropower projects approved before...
Garden River First Nation Wins 20-Year Contract for Ontario’s Largest Solar Farm
Neoen and Garden River First Nation have secured a 20‑year contract from Ontario’s Independent Electricity System Operator to develop the province’s largest utility‑scale solar farm. The 253 MW‑peak (200 MW‑AC) facility near Sault Ste. Marie is projected to generate 38,000 MWh annually and will be...
New Episode: Earth Day – Electric Vehicles Across Power, Oil and Gas and Mining
The Energy Technology podcast’s Episode 13, released for Earth Day, examines how electric‑vehicle adoption is reshaping power grids, oil‑and‑gas operations, and mining supply chains. It highlights the surge in charging infrastructure, the push by fossil‑fuel firms toward electrified equipment, and the...
Construction Begins on Spittal-Peterhead Subsea Cable Link
Scottish and Southern Electricity Networks Transmission (SSEN Transmission) has kicked off construction of the Spittal‑to‑Peterhead subsea cable, a 2 GW high‑voltage direct current (HVDC) link connecting Caithness and Aberdeenshire. Local contractors Nicol of Skene and John Gunn and Sons are handling...
ANDRITZ Wins Major Hydropower Upgrade Contract in New Zealand
Mercury NZ awarded ANDRITZ a contract to modernise three Waikato River hydro plants—Maraetai I, Ātiamuri and Ōhakuri—by supplying nine new turbines and 13 generators. The upgrade, valued at roughly €120 million (about $130 million), will be logged in ANDRITZ’s Q1 2026 order intake. Once...
Sweden Backs Nuclear Expansion Plan
Sweden’s government has proposed buying a 60 % stake in Videberg Kraft, the developer of a new nuclear complex near Ringhals, with an initial $195 million capital injection. The plan is part of an energy roadmap targeting ten new reactors by 2045 to...