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Energy Industry News
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EDF plans 10 NUWARD reactors by 2035 as Europe’s SMR race moves toward deployment
EDF plans to develop 10 NUWARD small modular reactors across the European Union by 2035, beginning in France and potentially Italy, as Europe’s largest nuclear operator attempts to move SMRs from engineering programmes into a repeatable industrial product.
Kistos EBITDA surges to $154m as Oman acquisition doubles production scale
Kistos Holdings reported a dramatic increase in first-half EBITDA and cash generation as Norwegian production expanded and its Oman acquisitions pushed pro-forma output above 20,000 barrels of oil equivalent per day.
Apollo explores $3bn-plus Energos sale as XRG circles floating LNG platform
Apollo Global Management is exploring a full or partial sale of floating LNG infrastructure operator Energos at a valuation above $3 billion, Reuters reported, with Abu Dhabi National Oil Company-backed XRG among prospective bidders.
RWE lifts Amprion exposure to 58% as power grids become third investment pillar
RWE is increasing its effective stake in German transmission operator Amprion to around 58%, reinforcing regulated electricity grids as a third investment pillar alongside renewables and flexible generation as Germany prepares for enormous transmission spending.
Shell-led LNG Canada could double to 28 mtpa as Phase 2 decision nears
Shell and its LNG Canada partners could make a final investment decision on Phase 2 as early as October, potentially doubling the British Columbia export terminal from 14 million to 28 million tonnes per annum as Asian buyers place greater value on geographically diversified gas supplies.
ACME lands Brookfield backing as green ammonia moves closer to industrial scale
Brookfield will invest up to $600 million in ACME Cleantech Ventures to develop green ammonia and green methanol projects across India and Oman, marking its regional entry into low-carbon fuels.
Drax Group (LSE: DRX) lifts 2026 outlook as £561m Bluefield acquisition reshapes UK power portfolio
Drax expects 2026 adjusted EBITDA near the top of the £680 million to £711 million analyst range after strong summer generation and its acquisition of Bluefield Solar Income Fund, which has expanded capacity under management to approximately 6.1 gigawatts.
Vitruvian Partners buys Smartling from Battery Ventures in AI translation bet
Vitruvian Partners has acquired a majority stake in Smartling from Battery Ventures, backing an AI translation platform used by more than 1,000 global brands.
RWE lifts Amprion stake to 58% as Germany’s power-grid investment race accelerates
RWE has agreed to acquire another 3% of M31, increasing its pro rata stake in German transmission operator Amprion to approximately 58% after a €3.6 billion investment earlier this year.
Brookfield to invest up to $600m in ACME Cleantech Ventures
Brookfield will invest up to $600 million in ACME Cleantech Ventures to develop green ammonia and green methanol projects across India and Oman.