Energy

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  • Nexans raises guidance as electrification demand grows

    Nexans raises guidance as electrification demand grows

    Nexans raised 2026 guidance after stronger first half electrification performance. Grid, connection, and transmission activities supported higher earnings while acquisitions expanded its North American cable platform.

  • Ofgem proposes fees for data centre grid queue

    Ofgem proposes fees for data centre grid queue

    Ofgem proposes commitment fees for speculative data centre grid applications. Charges and new milestones would test whether large projects are financially and commercially ready to proceed.

  • Nexans raises guidance as electrification demand grows

    McDermott and ULC Energy advance Dutch SMR integration

    McDermott and ULC Energy will develop Dutch SMR applications together. Their cooperation will examine nuclear electricity, process heat, and hydrogen integration for industrial energy systems.

  • Ireland loses 15% of available wind output

    Ireland loses 15% of available wind output

    Ireland curtailed 15% of available wind generation during early 2026. Grid limitations prevented substantial renewable output from reaching demand despite record June production.

  • Nexans raises guidance as electrification demand grows

    European battery projects add 856MWh storage capacity

    Two European battery projects will add 856MWh of storage capacity. RWE has started construction in Germany, while Kallista Energy and Envision Energy are advancing a large French installation.

  • Elia and CPP Investments acquire Tarchon interconnector

    Elia and CPP Investments acquire Tarchon interconnector

    Elia and CPP Investments have acquired the planned Tarchon interconnector. The 1.4GW HVDC project would connect Britain and Germany, strengthening cross border capacity while supporting renewable integration and security of supply.

  • NESO engineers raise system-control concerns

    NESO engineers raise system-control concerns

    Engineers have raised concerns about Britain’s electricity balancing capabilities internally. The allegations follow the 23 June system event and focus on forecasting, control-room visibility, and the tools used to manage increasingly complex operating conditions.

  • Government sets 45.9GW Capacity Market target

    Government sets 45.9GW Capacity Market target

    Britain has set new capacity targets for two future auctions. The March 2027 T-1 and T-4 rounds will seek 5GW and 40.9GW respectively, supporting adequacy across delivery years 2027–28 and 2030–31.

  • EU opens €1.5bn battery manufacturing loan facility

    EU opens €1.5bn battery manufacturing loan facility

    Europe has opened fresh financing for large battery-cell manufacturing projects. The €1.5bn Battery Booster Facility will offer interest-free loans to qualifying EEA plants with planned annual capacity of at least 10GWh.

  • Elia and CPP Investments acquire Tarchon interconnector

    TenneT adds 4GW through two offshore HVDC links

    Two new HVDC links will expand North Sea transmission capacity. Hitachi Energy and Larsen & Toubro will deliver Nederwiek 3 and LanWin 5, adding 4GW of offshore grid connection capacity for the Netherlands and Germany.