Power Grid Archives - Page 3 of 47 -

Permitting bottlenecks threaten energy security, NPC tells U.S. Department of Energy

December 4, 2025

(World Oil) – The National Petroleum Council (NPC) has released the first two reports in its Future Energy Systems series, outlining a suite of reforms aimed at strengthening U.S. energy reliability as electricity demand accelerates. The reports—requested by U.S. Energy Secretary Chris Wright—call for streamlined permitting, clearer accountability frameworks, and improved coordination between natural gas and electric market regulators. NPC Chair

Private equity pours $1.45 billion into UK renewable energy

December 1, 2025

(Oil Price) – UK energy company Low Carbon has raised as much as $1.45 billion (£1.1 billion) from CVC Capital Partners and other investors as private equity firms are increasingly backing renewables operations. CVC Capital Partners and Low Carbon’s existing shareholder Massachusetts Mutual Life Insurance Company participated in the funding, which will see CVC Capital Partners become the majority owner of

French power giant EDF considers full sale of U.S. renewables unit

November 26, 2025

(Oil Price) – EDF, the French state-controlled utility, considers selling up to 100% in its U.S. renewable energy business, the power giant’s chief executive Bernard Fontana told Reuters on Wednesday. Fontana, who was previously CEO at nuclear engineering company Framatome, among other roles, became EDF’s chief executive officer in May this year. Fontana won the approval of the French Parliament to lead

Reliance Industries, JV partners to invest $11 billion in India AI data capacity

November 26, 2025

(BOE Report) – A Reliance Industries joint venture will invest $11 billion over five years to develop 1 gigawatt of AI data capacity in the southern Indian state of Andhra Pradesh, the companies and the state’s government said on Wednesday. Canadian multinational company Brookfield Corporation and U.S.-based real estate investment trust Digital Realty are the other partners involved in the

G-20 tries to box in critical mineral disruption

November 24, 2025

(Oil Price) – The G-20 is tiptoeing around China with a sledgehammer. In a draft declaration seen by Bloomberg, leaders called for shielding the global critical-minerals value chain from “unilateral trade measures inconsistent with WTO rules”—a diplomatic way of saying: everyone noticed what China did this year. Beijing’s licensing chokehold on dysprosium, terbium, and other heavy rare earths rattled supply chains from missile makers

Energy Advisors: Power and Energy Companies

November 18, 2025

(Oil and Gas 360) – Energy Advisors recently released its latest edition of its MarketMonitor series, which continues the theme emphasizing the role of traditional energy companies in building out more power for AI and data centers. Some “story-metric” AI companies have multi-billion-dollar market caps and don’t generate any revenue… and likely won’t for many, many years. Earlier, we laid the groundwork on the scale

TotalEnergies accelerates gas-to-power strategy with $5.5 billion EPH deal

November 17, 2025

(World Oil) – TotalEnergies has signed a €5.1 billion ($5.5 billion) all-stock agreement to acquire a 50% stake in EPH’s flexible power generation platform, marking one of the company’s most significant moves yet to scale its gas-to-power integration strategy across Europe. The transaction creates a 50/50 joint venture holding more than 14 GW of flexible generation capacity — including gas-fired plants,

Norway’s $2.1 trillion oil fund seeks renewables deals in U.S.

November 10, 2025

(Oil Price) – Norway’s $2.1-trillion oil fund is looking to invest in renewable energy assets in the U.S. and expand its clean energy portfolio in Europe, a senior executive at the world’s largest sovereign wealth fund told Bloomberg in an interview published on Monday. The fund has recently hired three people in New York, Harald von Heyden, global head of energy and infrastructure

TotalEnergies signs 10-year data center power deal in Spain

November 4, 2025

(Oil Price)– TotalEnergies on Tuesday announced a power purchase agreement with Data4 to supply renewable electricity to the data center developer’s sites in Spain for 10 years, as the French supermajor looks to boost its integrated power business with the key driver of global electricity demand. The power purchase agreement (PPA) will begin in January 2026 for 10 years and will

UAE minister calls for $4 trillion annual energy investment to power AI

November 3, 2025

(Oil Price) – The advance in AI and the surge in data center build-out have pushed global energy investment needs to $4 trillion annually, Sultan Al Jaber, UAE Minister of Industry and Advanced Technology and ADNOC chief executive, said on Monday. Large oil producers have been warning for years that investment in supply needs to rise to meet constantly growing global energy demand.

Global power demand to skyrocket 30% by 2035

October 30, 2025

(Oil Price) – The world’s electricity demand is expected to surge by 30% over the next decade as data centers, electric vehicles, and demand for heating and cooling drive increased consumption, a new report by Rystad Energy says. Renewable power generation, especially solar energy, is expected to be crucial to meeting the electricity demand growth, found the report cited by Bloomberg. Renewable

BKV Announces Acquisition of Control Position in BKV-BPP Power Joint Venture to Accelerate Growth Strategy

October 29, 2025

(Oil and Gas 360) – DENVER–(BUSINESS WIRE)– BKV Corporation (“BKV” or the “Company”) (NYSE: BKV) and Banpu Power US Corporation (“BPPUS”) today announced that they have entered into a definitive purchase agreement (the “Purchase Agreement”) pursuant to which BKV will acquire from BPPUS one-half of BPPUS’ interest in BKV-BPP Power, LLC (“BKV-BPP Power” or the “Power JV”) such that at the

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