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voltsdaily

Friday, 7 August 2026

39 briefs so farlast update 18:52 UTC

Key points

  • ADNOC Says 15 of Its Vessels Attacked in Strait of Hormuz, One Crew Member Killed.
  • Saudi Arabia Assembles Maritime Coalition to Guard Red Sea Shipping.
  • ExxonMobil Ties $80 Billion Kashagan Expansion to Settlement of $150 Billion Kazakh Claims.
  • US Imposes Section 232 Tariffs and Minimum Import Prices on Polysilicon and Solar Products.

Grid & Storage

First Hydro Picks GE Vernova to Replace Two 315 MW Units at Dinorwig

First Hydro Company has selected GE Vernova to modernize the first two units of the Dinorwig pumped storage hydropower plant in North Wales, UK, according to a GE Vernova press release. First Hydro Company is a 75:25 joint venture between ENGIE and La Caisse.

The scope covers the replacement of two 315 MW units, work GE Vernova says is intended to improve the plant's reliability, availability and efficiency. The company booked the order in Q2 2026.

Dinorwig's value to the system is speed. GE Vernova said the station delivers up to 1,320 MW within 12 seconds from standby, and up to 1,800 MW in under a minute. The modernization programme is expected to extend the plant's life by at least 25 years, according to the release.

ENGIE and La Caisse own and operate both Dinorwig and the Ffestiniog pumped storage station in North Wales through First Hydro Company. The two sites together provide 2.1 GW of installed capacity and account for around 74% of the UK's pumped storage hydro capacity, GE Vernova said.

The supplier describes itself as one of the largest players in global pumped storage, with nearly 30% of the installed base worldwide. It is currently developing more than 3 GW of pumped storage projects internationally, according to the same release.

Source: gevernova.com (opens in a new tab)1 sourcePermalink

Grid & Storage

Czech Republic's Largest Battery Enters Service at Modlany Hybrid Site

The Modlany hybrid plant in the Czech Republic has brought online a 37.95 MW/41.7 MWh battery paired with 42.7 MW of solar, making it the country's biggest completed battery energy storage system to date, according to ESS News.

Contemporary Nebula Technology Energy (CNTE) supplied the storage equipment. ESS News reports the installation uses 11 liquid-cooled, 20-foot containers of the STAR T-285 type, each rated at 3.45 MW/3.793 MWh and built with lithium iron phosphate cells from CATL, which holds an investment in CNTE.

The site ties into a high-voltage substation and sells grid balancing along with fast-response frequency regulation, per ESS News.

Owner Katemo Group says on its website that planned storage capacity at Modlany runs to as much as 130 MWh, ESS News reported. That leaves the completed 41.7 MWh well short of the full build-out target.

The Czech market has further to run. Aurora Energy Research forecasts national battery storage capacity reaching 6 GWh by the end of the decade, according to ESS News. Measured against that projection, the Modlany battery accounts for a small fraction of the volume the forecast anticipates.

Co-locating the battery with 42.7 MW of PV at a high-voltage connection point lets the same interconnection carry both solar output and traded balancing services.

Source: ess-news.com (opens in a new tab)1 sourcePermalink

Transport

Tesla Puts First 7-Eleven Superchargers in Japan at Kawasaki Store

Tesla has begun installing Superchargers at 7-Eleven convenience stores in Japan, starting with an outlet in Kawasaki City, according to electrive. The site carries four stalls with a peak output of 250 kW each.

That opening was Tesla's 150th Supercharger location in Japan, electrive reported. Two further sites have since come online, taking the national count to 152 locations.

Tesla intends to widen the convenience-store tie-up to roughly ten 7-Eleven outlets in Japan by the end of March 2027, per electrive.

The retail pairing puts fast charging alongside a store format used for short stops. At 250 kW per stall, a four-stall site of the type electrive described can serve several drivers at once rather than concentrating throughput in a single connector.

Source: electrive.com (opens in a new tab)1 sourcePermalink

Transport

Strabag Runs Eleven Electric Machines on Oberhausen Plant Upgrade, Cuts Energy Costs 90%

Strabag ran eleven battery-powered construction machines through the overhaul of a soil processing plant at Oberhausen, cutting site energy costs by around 90 per cent against conventional operation, electrive reported.

A mobile battery unit rated at 153 kWh fed the machines on site, buffering the charging draw and trimming peak loads, according to electrive.

The plant crushes rubble from building demolitions into road-construction material. The upgrade lifts what it can take in a year from 120,000 tonnes to 350,000 tonnes, electrive reported.

The fleet was not all-electric. Strabag paired the battery machines with equipment burning HVO100, a hybrid setup the contractor settled on for Oberhausen.

Robert Kucza, Sustainability Expert at Strabag's North Rhine-Westphalia division, framed the job as proof that electric mobility already works in the construction industry, saying site experience beats "any theory," in remarks carried by electrive.

The 153 kWh unit was installed to hold the supply steady for the machines and shave the load spikes they create.

Source: electrive.com (opens in a new tab)1 sourcePermalink

Transport

EV Carbon Debt Repaid at 4,400 Miles a Year for Cars, Study Finds

A new electric car must cover 4,400 miles a year to repay the carbon debt of its manufacture, and an electric truck 6,700 miles, according to research reported by Grist. Both thresholds sit under the 12,500 miles the average driver logs annually.

The study's author, Elliot Campbell, is a professor at the University of California, Santa Cruz, Grist reported. The break-even figures mean that for most drivers, scrapping a functioning gasoline car for an EV cuts emissions rather than adding to them.

How much it cuts depends on what fuels the local grid. In upstate New York, which generates a lot of hydroelectric power, Grist reported that driving an EV is equivalent to a gasoline car achieving 219 mpg. In the Rockies, where coal and natural gas dominate generation, an EV still outperforms any gasoline vehicle rated below 68 mpg.

Campbell and his co-author identified two exceptions. Plug-in hybrid electric vehicles, which carry larger batteries and run farther on electric power before the internal combustion engine takes over, are one. The other is low-mileage use, such as a second car that sits unused much of the time.

Grist framed the policy precedent through the 2009 federal Car Allowance Rebate System, known as cash for clunkers, which paid $3,500 to $4,500 to drivers trading up to more efficient vehicles. That program exhausted its $3 billion budget in only a month.

Source: grist.org (opens in a new tab)1 sourcePermalink

Policy & Geopolitics

Oregon Federal Court Overturns Defense Department Freeze on Wind Project Reviews

A federal court sided with clean energy developers challenging the Trump administration's Department of Defense over its freeze on wind project reviews, CleanTechnica reported.

The United States District Court for the District of Oregon issued the ruling in the developers' favor, according to CleanTechnica, which said the freeze had delayed renewable energy development.

CleanTechnica described the review freeze as having created a "de-facto moratorium" on new wind.

The case pitted developers directly against the Department of Defense, whose sign-off on project reviews sits upstream of wind development timelines.

Source: cleantechnica.com (opens in a new tab)1 sourcePermalink

Modern onshore wind turbines across open rolling grassland under soft overcast light, with a construction crane in the distance.
Photo: ENERGY.GOV / Wikimedia Commons (opens in a new tab)

Markets

Boralex Clears Final Regulatory Hurdle for Brookfield and La Caisse Takeover

Boralex said it has obtained every regulatory approval needed to close the plan of arrangement with Brookfield, its institutional partners including Brookfield Renewable Partners, and La Caisse.

The transaction, structured under the Canada Business Corporations Act, is expected to be completed on or about August 14, 2026, subject to the remaining closing conditions, according to the company's statement.

Shareholders backed the deal at an annual and special meeting on June 4, 2026, according to the announcement. The Superior Court of Québec, Commercial Division, issued a final order approving the arrangement the following day, on June 5, 2026.

Source: globenewswire.com (opens in a new tab)1 sourcePermalink

Transport

CleanTechnica: New Zealand EV Sales Plummeted After Government Scrapped Tax Incentives

New Zealand's electric vehicle sales collapsed after the country's new conservative government reversed the tax incentives for EVs and introduced a road user charge, according to CleanTechnica.

CleanTechnica describes the two policy moves as the direct cause of the drop, pairing the withdrawal of what it calls generous tax incentives with the new charge levied on road use.

The reversal cut short a trajectory that had drawn international comparisons. New Zealand was once touted as a possible "Norway of the Pacific" for its electric vehicle transition, CleanTechnica reported, before a change of government stopped that transition in its tracks.

Source: cleantechnica.com (opens in a new tab)1 sourcePermalink

Policy & Geopolitics

Clean-Energy Group Backs Primary Upset That Unseats Tennessee's Ogles

Tennessee voters removed Rep. Andy Ogles in Thursday's primary, according to Semafor, even though President Donald Trump had endorsed him.

Ogles' challenger, Charlie Hatcher, drew a $2 million lift from the Invest in Tomorrow Coalition, Semafor reported. The group has aimed its spending at Republicans who unwound green energy credits.

The defeat makes Ogles the second House Republican to lose renomination in a redrawn seat this year, per Semafor, following Rep. Dan Crenshaw of Texas.

Source: semafor.com (opens in a new tab)1 sourcePermalink

Oil & Gas

SLB Wins Multi-Year Equinor Stimulation Deal, Island Captain to Carry 2 Million Pounds of Proppant

Equinor has awarded SLB a multi-year contract for advanced reservoir stimulation work on the Norwegian Continental Shelf, World Oil reported. Central to the agreement is a heavy refit of the stimulation vessel MV Island Captain, intended to serve tight offshore reservoirs.

The refit turns the Island Captain into a fully proppant-capable stimulation vessel. Work covers larger proppant storage, reworked handling and blending equipment, more pumping capacity, and a reconfigured deck for larger-scale stimulation.

Proppant capacity after the upgrade reaches up to 2 million pounds, according to World Oil.

Ole Christian Meldahl of SLB described the refit as "an important investment in offshore stimulation capability for the Norwegian Continental Shelf".

Source: worldoil.com (opens in a new tab)1 sourcePermalink

United StatesGeneration

Valar Atomics Raises USD 1 Billion in Series B

Microreactor developer Valar Atomics has closed a Series B round of USD 1 billion, according to Canary Media.

Canary Media described the company as three years old and said it has forged a close relationship with the Trump administration.

The USD 1 billion figure is the amount raised in the Series B round, per Canary Media.

Source: canarymedia.com (opens in a new tab)1 sourcePermalink

Transport

IEA: Electric Car Sales Up 4% in Q2 as Total Car Market Contracts

Electric car sales rose 4% in the second quarter of 2026 while the wider car market shrank, according to the IEA's latest update on the electric car market, reported by Climate Home News.

Total car sales fell 5% globally in the first half of 2026, Climate Home News reported. That divergence lifted the electric share of the market even as absolute volumes across the industry declined.

The IEA expects the pace to pick up. Its forecast puts electric car sales 10% higher across 2026 than in 2025, according to Climate Home News.

On share, the IEA forecasts electric cars at 29% of total car sales over the full year, up from 24% in the first half. Reaching the full-year figure requires a stronger second half than the first.

The headline growth masks a sharp regional split. Electric car sales fell 16% in China, the world's biggest electric car-buying country, in the second quarter, according to Climate Home News. Global growth of 4% therefore came despite a contraction in the largest single market.

Source: climatechangenews.com (opens in a new tab)1 sourcePermalink

Markets

Avantus Closes USD 1.05 Billion Credit Facility for US Solar and Storage Pipeline

US developer Avantus has closed a USD 1.05 billion corporate credit facility to fund its domestic development pipeline, according to ESS News.

The pipeline covered by the financing runs to 24 GW and includes 44 GWh of battery energy storage across California and the Desert Southwest, ESS News reported.

The facility more than doubles the developer's previous credit line of USD 522 million, which was secured in July 2024, per the same report. ESS News described the transaction as a major expansion of the company's capital structure.

SMBC acted as Administrative Agent, Collateral Agent, and Lead Arranger on the financing, according to ESS News.

Source: ess-news.com (opens in a new tab)1 sourcePermalink

Grid & Storage

Red Eléctrica Starts Submarine Cable Laying on Spain-France Bay of Bizkaia Link

Red Eléctrica has started laying the submarine cable for the Bay of Bizkaia electricity interconnection between Spain and France, with work beginning from Lemoiz on the Basque coast, the Redeia subsidiary responsible for electricity transmission and system operation in Spain said.

Offshore installation will proceed in several stages between summer 2026 and summer 2027, running from the Basque coast to the French coast near Bordeaux, according to Red Eléctrica.

The opening phase along the Basque coast covers a 65 km route. Danish company NKT is executing it with its cable-laying vessel Victoria, which is also supplying the cables.

The submarine section will total 276 km. A 27 km stretch runs over land in France so the cables bypass the Capbreton submarine canyon before returning to sea.

Red Eléctrica put overall construction at 60% complete. Once in service, the link raises electricity exchange capacity between the two countries from 2,800 MW to 5,000 MW.

The European Union has designated the interconnection a Project of Common Interest, co-financed through CINEA, the European Climate, Infrastructure and Environment Executive Agency. The European Investment Bank has also backed the project.

Source: ree.es (opens in a new tab)1 sourcePermalink

Grid & Storage

Ola Electric and Axis Energy Sign MoU for Up to 20 GWh of Battery Storage by 2032

Ola Electric has signed a memorandum of understanding with renewable energy developer Axis Energy to deploy as much as 5 GWh of battery energy storage systems (BESS) per year from 2028, according to ESS News. The MoU runs until 2032, with a cumulative target of 20 GWh over the five-year period.

The agreement is tied to a new Ola Electric storage platform, Ola Mahashakti, scheduled to launch on August 15, ESS News reported. The platform is being billed as an energy storage offering for commercial, industrial and utility-scale applications.

Axis Energy brings a project base already cleared for connection. The developer has secured grid approvals for over 3.75 GW of projects in Andhra Pradesh and Rajasthan, with a further 3.5 GW in its pipeline, per ESS News.

The scale of the partnership sits against a much larger national requirement. The Central Electricity Authority has said India's energy transition will require more than 400 GWh of storage deployment by 2032, ESS News reported. The 20 GWh cumulative target under the Ola Electric and Axis Energy MoU covers a fraction of that figure.

Source: ess-news.com (opens in a new tab)1 sourcePermalink

Renewables

Doosan Fuel Cell Signs Record Overseas SOFC Stack Deal With Reverion

Doosan Fuel Cell has won a contract worth about 108.7 billion won to supply mid-to-low-temperature solid oxide fuel cell (SOFC) stacks to Reverion GmbH for European clean-energy projects, according to Hydrogen Fuel News.

Hydrogen Fuel News described the order as the largest overseas contract Doosan Fuel Cell has signed to date.

Deliveries will be staged rather than made in a single shipment, running through the second half of 2027, according to Hydrogen Fuel News.

Reverion intends to install the stacks in reversible SOFC/SOEC platforms, which the company plans to use to generate power from biogas, Hydrogen Fuel News reported. Reversible units of that type can run in fuel cell mode to produce electricity and in electrolysis mode to produce hydrogen, and the same stack hardware serves both functions.

Source: hydrogenfuelnews.com (opens in a new tab)1 sourcePermalink

Policy & Geopolitics

RWE to Take USD 1.22 Billion to Cancel Three Offshore Wind Projects, CleanTechnica Reports

RWE said it had struck a deal with the Trump administration under which the administration will pay the company USD 1.22 billion in return for cancelling three offshore wind projects and doubling down on LNG, according to CleanTechnica.

The payment figure of USD 1.22 billion and the count of three cancelled offshore wind projects were both reported by CleanTechnica.

CleanTechnica described the arrangement as the fifth time Donald Trump has paid off energy companies.

The outlet framed the deal as part of a broader pattern of payments directed at energy companies, with the RWE agreement the latest in that sequence. Under the terms as reported, the cancellation of the three offshore wind projects is paired with an expanded commitment to LNG.

Source: cleantechnica.com (opens in a new tab)1 sourcePermalink

Policy & Geopolitics

Bowen Opens Safeguard Mechanism Review, Rules Out Major Reform

Australian Energy Minister Chris Bowen opened a review of the Safeguard Mechanism on Friday, asking whether the scheme as configured can help hit the country's 2030 climate target and what needs to change over the following decade, RenewEconomy reported.

Major reform is off the table. The review's task is narrower: test how the framework as it stands can meet emissions targets after 2030.

The emissions threshold sets the perimeter. Any site releasing more than 100,000 tonnes of greenhouse gases a year falls inside the scheme, which captures more than 200 facilities, RenewEconomy reported. Aluminium refineries, steelworks, large manufacturers, liquefied natural gas plants and coal mines sit among them.

Australia's 2030 target is a 43 per cent cut on 2005 levels. The federal government has also set out a 62 to 70 per cent emissions reduction for 2035.

Submissions close on September 18, and a report is due in early 2027, according to RenewEconomy.

Ben McLeod, senior advisor at the Climate Council, questioned what the mechanism has achieved so far. It "hasn't cut climate pollution very much from the facilities it covers and is essentially an offsetting scheme," McLeod said.

Source: reneweconomy.com.au (opens in a new tab)1 sourcePermalink

Large industrial facility with smokestacks emitting vapor plumes at dusk in an arid Australian landscape.
Photo: wal_ 172619 / Pexels (opens in a new tab)

Transport

Meridiam Leads EUR 23 Million Investment in Chargepoly

Infrastructure investor Meridiam has led a EUR 23 million investment in Chargepoly, according to electrive.

The money was routed through the Meridiam Green Impact Growth Fund, with existing shareholder Fideve Groupe participating in the round, electrive reported.

Chargepoly will use the proceeds to expand internationally and to roll out depot charging systems for electric truck and bus fleets, according to electrive.

The company says its installations support the electrification of more than one million kilometres of freight transport each month.

Source: electrive.com (opens in a new tab)1 sourcePermalink

Markets

ConocoPhillips Appoints Konnie Haynes-Welsh as CFO Effective September 1

ConocoPhillips has named Konnie Haynes-Welsh senior vice president and chief financial officer, according to Offshore Engineer OEDigital. The appointment takes effect on September 1, 2026.

The move accompanies a leadership change at the top. O'Brien, currently CFO and executive vice president of Strategy and Commercial, will join the ConocoPhillips board of directors, Offshore Engineer OEDigital reported. That shift vacates the finance role Haynes-Welsh is stepping into on the same date.

Offshore Engineer OEDigital reported the CFO appointment and the board seat as part of a single announcement covering chief executive succession and the finance leadership change.

Source: oedigital.com (opens in a new tab)1 sourcePermalink

Grid & Storage

Eolian Breaks Ground on 200 MW Flint Grid Battery in Ohio, Largest on PJM Footprint

Eolian has begun construction of Flint Grid, a 200 MW/1.06 GWh battery energy storage project in Licking County, Ohio, according to ESS News.

ESS News reports the 5.3-hour duration system is the largest battery energy storage system (BESS) in Ohio and across the PJM grid footprint. It sits next to the New Albany data center and industrial load.

The project cleared the 2027/28 Residual Capacity Auction as the largest battery storage system in that auction, accounting for more than 50% of all new battery storage capacity in the capacity year, per ESS News.

Development work on Flint Grid dates back to 2018, and commercial operation is expected ahead of the 2027-2028 PJM capacity year.

Eolian has funded or developed more than 4 GW of commercialized BESS projects across the United States, ESS News reported.

Source: ess-news.com (opens in a new tab)1 sourcePermalink

Grid & Storage

UK Consults on Three Class Exemptions From Load Control Licence Requirement

The UK Secretary of State has proposed an Order creating three class exemptions from the requirement to hold a load control licence, according to the UK Department for Energy Security and Net Zero. Respondents have until 11:59pm on 7 September 2026 to comment online.

The proposed Order would amend the Electricity (Class Exemptions from the Requirement for a Licence) Order 2001, the department said.

The move follows an earlier departmental consultation on draft load control licence regulations and conditions, which drew 34 responses from a mix of parties, according to DESNZ.

The licensing framework applies to England, Scotland and Wales.

Source: gov.uk (opens in a new tab)1 sourcePermalink

Grid & Storage

BYD Files Six More Solid-State Battery Patents Detailing Cathode Thresholds

Six fresh solid-state battery patents from BYD have been published, electrive reported. The documents put numerical limits on how cathode material behaves and on how tightly it must sit against the solid electrolyte.

One filing caps thermal output from the active cathode layer at 117 joules per gram, according to electrive.

Another sets a contact ratio. Per the filing, a cathode particle should meet electrolyte particles across at least 60 per cent of its perimeter, which BYD ties to charging performance, capacity and durability.

The six documents come after a grant issued by the China National Intellectual Property Administration, China's patent office, in late July, which covered composite cathode structures, electrive reported.

BYD reportedly targets pilot production of dual-electrolyte solid-state cells in 2027. That schedule has not been officially confirmed by the company.

A rival battery maker has pushed back on near-term expectations. Robin Zeng, chairman of CATL, said in June that engineering and manufacturing constraints leave solid-state batteries several years short of mass-market deployment, per electrive.

Source: electrive.com (opens in a new tab)1 sourcePermalink

Policy & Geopolitics

South Africa and China Sign Nuclear Waste Accord, Advance Sasolburg Green Hydrogen Design

South Africa's National Radioactive Waste Disposal Institute (NRWDI) and the China National Nuclear Corporation (CNNC) signed a Memorandum of Understanding to work together on advanced nuclear waste disposal technologies, SAnews reported.

The agreement came as Electricity and Energy Minister Dr Kgosientsho Ramokgopa led a South African delegation to the South Africa-China Electricity and Energy Investment Conference in Beijing, according to SAnews.

On the industrial side, Sasol has commissioned Envision to design a green hydrogen system for its Sasolburg operations, SAnews reported. The project will examine producing green hydrogen for eMethanol and, at a later stage, sustainable aviation fuel (eSAF).

Both items sit inside the same Beijing engagement, pairing a state-to-state research arrangement on back-end nuclear fuel management with a corporate design contract aimed at hydrogen-derived fuels.

Source: sanews.gov.za (opens in a new tab)1 sourcePermalink

Grid & Storage

Centrica Energy Signs Tolling Deal for Zelestra Battery Project in Lower Saxony

Centrica Energy and Zelestra have signed a physical tolling agreement covering a battery storage project in Hilgermissen, Lower Saxony, with construction scheduled to start in 2027, according to ESS News.

The contract hands trading control of the asset to Centrica Energy, which will optimize and trade the contractually agreed capacity across the market, the companies said.

ESS News reported that Zelestra holds a development pipeline of more than 2 GW spanning solar, wind and energy storage across Germany. The Hilgermissen site sits within that portfolio.

Tolling structures of this type shift merchant price risk away from the asset owner: the offtaker pays for access to the battery's capacity and captures the trading spread, while the developer secures contracted revenue ahead of commissioning.

Source: ess-news.com (opens in a new tab)1 sourcePermalink

Chart highlighting cited value: more than 2 GW. Data as cited.
Chart: voltsdaily, data as cited

Markets

New England Real-Time Power Prices Reach $50.92/MWh in June 2026 as Gas Costs Fall

Real-time wholesale electricity in New England settled at an average of $50.92 per megawatt-hour during June 2026, a 7% gain against the same month a year earlier, ISO New England Newswire reported.

The day-ahead side moved further. Contracts cleared at an average of $50.72/MWh, 16% above the June 2025 level.

Fuel costs went the other direction. Gas delivered into the region averaged $2.60 per MMBtu across the month, a 10% drop against the year-earlier average, according to ISO New England Newswire. ISO New England Newswire says gas-fired output accounted for 54% of the power produced in 2025 by the region's plants, the largest share of any fuel.

Consumption slipped to 9,924 GWh for the month, 0.5% below June 2025.

Neighboring regions supplied roughly 1,049 GWh on a net basis over the period.

Carbon output dropped at a steeper rate than load. Generators in the region emitted an estimated 2.29 million metric tons of CO2 during June 2026, 14% less than in the prior June, ISO New England Newswire reported.

Source: isonewswire.com (opens in a new tab)1 sourcePermalink

Renewables

Apollo Power Claims Class A Fire Rating for Flexible Panda Plus Module

Apollo Power's Panda Plus flexible solar module has obtained Class A fire certification from a certified laboratory, according to pv magazine. Company CEO Oded Rozenberg said that rating had previously only been achieved by rigid glass modules.

The frameless version of the module is rated at 320 W across a 2 m² surface, pv magazine reported.

Panda Plus was launched in June 2026 and comes in three formats built on the same fully flexible 72-cell platform.

Apollo Power makes all of its panels at its Israel facility, which the company put at roughly 200 MW of capacity, according to pv magazine.

Source: pv-magazine.com (opens in a new tab)1 sourcePermalink

Grid & Storage

Syrian Electricity Company Signs Deals with Al-Harfi for 760 MW Solar, 1,077 MWh Storage

The Syrian Electricity Company has signed three agreements with Saudi Arabia's Al-Harfi Construction covering 760 MW of solar generation and 1,077 MWh of battery energy storage in Syria, according to ESS News.

All three projects are sited in the Widyan ar-Rabi' area of the Damascus countryside, ESS News reported, citing the Syrian Arab News Agency.

The agreements extend an earlier arrangement between the two sides. Al-Harfi and Syria signed a memorandum of understanding in February for a 210 MW solar project paired with a battery system of 827 MWh, according to ESS News.

ESS News did not report a construction start date or contract value for the three new agreements.

Source: ess-news.com (opens in a new tab)1 sourcePermalink

Renewables

PV Magazine: Southern Africa's Renewable Projects Moving Beyond the Single PPA

Southern Africa's renewable energy market is shifting away from traditional power purchase agreements as merchant markets, trading, batteries and supply-demand dynamics reshape where investment goes, according to pv magazine.

The publication cites Dominic Goncalves, who said PPAs have been the central business contract underpinning renewable projects in the region for the last fifteen years. That single-contract model is now being displaced by a wider set of revenue sources.

Goncalves expects the next generation of projects in the region may carry several revenue components rather than depend on one PPA, according to pv magazine. The framing is a direct challenge to the bankability logic that has governed project finance in the market for more than a decade.

The change is also a change in the product. Africa's renewable market is moving beyond selling megawatt-hours and is instead beginning to sell firmness, flexibility, timing and energy security, Goncalves said in comments reported by pv magazine. Batteries and trading sit at the centre of that shift, alongside merchant exposure and supply-demand dynamics.

The transition is not uniform. Traditional PPAs are likely to remain prevalent in Southern African markets with limited liberalization, according to pv magazine. In South Africa, the REIPPPP is expected to remain an open route for renewable deployment.

That leaves two parallel procurement tracks in the same region: contracted offtake where market reform has not arrived, and multi-revenue merchant structures where trading and storage make firmness saleable.

Source: pv-magazine.com (opens in a new tab)1 sourcePermalink

Policy & Geopolitics

Saudi Arabia Assembles Maritime Coalition to Guard Red Sea Shipping

Saudi Arabia is assembling a maritime coalition tasked with defensive operations to keep shipping moving through the Red Sea and the Bab el-Mandeb Strait, Semafor reported.

The push follows direct pressure on Saudi vessels. According to Semafor, Yemen's Houthis declared a blockade of Saudi shipping last month and attacked Saudi oil tankers this week, while threatening to impose tolls on traffic through the waterway.

The kingdom's exposure runs through its own export routing. Semafor reported that Saudi Arabia diverted much of its oil exports to the Red Sea during the war, tying a large share of crude flows to a corridor now contested.

The coalition described by Semafor is being built as a structure for defensive operations rather than a one-off escort arrangement, with the stated purpose of securing passage along the route.

Source: semafor.com (opens in a new tab)1 sourcePermalink

Renewables

BloombergNEF Sees Gulf Adding 12 GW of Renewables This Year, Doubling Next

The Gulf region is expected to add 12 gigawatts of renewable energy capacity this year and twice that amount next year, according to a BloombergNEF report cited by Semafor Net Zero.

The forecast holds despite tighter project financing. Semafor Net Zero reported that the Iran war has made funding Gulf solar and wind projects more difficult, while the economics still stack up firmly in their favor.

Equipment access does not appear to be the binding constraint. Semafor Net Zero pointed to the recent delivery of turbines to Saudi Arabia and the commissioning of a 1.1 GW wind farm in the kingdom as evidence that developers can still obtain the hardware and materials needed to finish projects.

Source: semafor.com (opens in a new tab)1 sourcePermalink

Transport

Kia PV5 Holds 37% of Europe's Small Electric Van Segment, Electrek Reports

Kia's PV5 took 37% of the small C-segment electric van market in Europe and ranked as the best-seller in 12 countries, according to Electrek.

The van led its segment in the UK with 3,361 units and in Germany with 2,206 units, Electrek reported.

Its share climbs well past a third in northern Europe. Through the first half of 2026, the PV5 accounted for more than 50% of electric C-segment van sales in five countries: 63% in Denmark, 62% in Ireland, 59% in Sweden, 58% in Finland and 54% in the UK, per Electrek.

July was the first month in which Kia sold more than 1,000 electric vans in the UK, a total that included 784 PV5 Cargo units and 235 PV5 Passenger units, according to the same report.

"The customer response to the introduction of the PV5 in Europe has been overwhelming," said Sjoerd Knipping, Chief Operating Officer of Kia Europe.

On range, the PV5 Cargo Long Range set a Guinness World Record in October after covering 693.38 km on a single charge, Electrek reported.

Kia plans to sell 232,000 purpose-built vehicles by the end of the decade.

Source: electrek.co (opens in a new tab)1 sourcePermalink

Grid & Storage

Prysmian Buys North Ayrshire High-Voltage Cable Jointer Training Centre

Prysmian has bought a high-voltage cable jointer training facility in North Ayrshire, Scotland, according to Offshore Engineer OEDigital.

The deal transfers more than 20 apprentice jointers and the centre's training staff to Prysmian, Offshore Engineer OEDigital reported.

The academy will be folded into Prysmian's training and installation network. Offshore Engineer OEDigital said the site will support specialist cable jointing skills for installation and for inspection, maintenance and repair work in the UK and across Europe.

Cable jointing is the skilled trade that terminates and splices high-voltage cable, including subsea and land links; a shortage of qualified jointers constrains how fast operators can repair faults and commission new circuits.

According to Offshore Engineer OEDigital, the investment widens Prysmian's UK footprint, adding to manufacturing and services sites at Bishopstoke, Wrexham and Aberdare, and to the company's global marine base at the Port of Middlesbrough.

Source: oedigital.com (opens in a new tab)1 sourcePermalink

Renewables

South Korea's 400 MW Haenam Solar Complex Set for 2028 Completion

South Korea's 400 MW Haenam solar power complex is scheduled for completion in 2028 and is expected to supply 529 GWh of electricity a year, according to pv magazine.

The site sits in the south of the country and covers roughly 4.79 million square metres of idle land, including reclaimed saline land, pv magazine reported. Within the complex, a 10 MW agrivoltaics array is planned.

Korea South-East Power Co. (KOEN) was selected earlier this year as the preferred engineering, procurement and construction bidder, according to pv magazine. Hanwha QCells announced in May that it had been chosen to supply the cells and modules, produced at the company's plant in the province of North Chungcheong.

A profit-sharing arrangement attached to the project is expected to return KRW 150 billion (USD 105.2 million) in power generation profits to the local community over the project period, the ministry said in remarks reported by pv magazine.

The build lands on a base that has been expanding steadily. Cumulative solar capacity in South Korea reached 30,346 MW at the end of 2025, a 3.6 GW increase on the figure reported at the end of 2024, according to International Renewable Energy Agency (IRENA) data cited by pv magazine. At 400 MW, Haenam alone accounts for a substantial share of a single year's national additions at that pace.

Source: pv-magazine.com (opens in a new tab)1 sourcePermalink

Oil & Gas

ExxonMobil Ties $80 Billion Kashagan Expansion to Settlement of $150 Billion Kazakh Claims

ExxonMobil Holdings Corp. has told Kazakhstan that a potential $80 billion joint investment to expand the Kashagan oil field depends on settling a long-running $150 billion dispute between the government and international companies, according to World Oil.

The state's claims total about $150 billion, mostly tied to lost revenue during development delays, and are subject to international arbitration, World Oil reported. A separate $5 billion environmental fine sits alongside that figure.

The developed eastern portion of Kashagan currently produces about 450,000 barrels a day, according to World Oil. The North Caspian Operating Co., the joint venture operating the project, expects to lift output to roughly 500,000 bpd this year and to as much as 710,000 bpd by 2031, World Oil reported.

The expansion would target the western part of the field. World Oil, citing people familiar with the matter, said the development concept for the Exxon-led project to commercialize western Kashagan may cost $250 million.

Front-end engineering and design would require about $2 billion more starting in 2028, the same people told World Oil. The schedule implies development begins only after a final investment decision in 2030.

That sequencing places the arbitration outcome ahead of the largest spending commitments. The $80 billion figure dwarfs both the concept work and the engineering phase, and Exxon has conditioned it on the dispute being resolved.

Source: worldoil.com (opens in a new tab)1 sourcePermalink

Oil & Gas

ConocoPhillips Skandinavia Books Noble Interceptor for 670-Day Ekofisk Plug and Abandonment Campaign

ConocoPhillips Skandinavia has hired the ultra-harsh environment jack-up Noble Interceptor from Noble Corporation for plug and abandonment work in the Greater Ekofisk Area offshore Norway, according to Offshore Engineer OEDigital.

The assignment is set to start in the third quarter of 2027, with an estimated duration of 670 days, Offshore Engineer OEDigital reported.

The rig is a Gusto MSC CJ70 X150 MD-design jack-up built in 2014, according to the same report. It can work in water depths of up to 492 feet and drill to a maximum of 40,000 feet.

Plug and abandonment covers the permanent sealing of wells that have reached the end of their producing lives, work that requires a drilling unit on station for the duration of the programme. Noble Corporation is an offshore drilling contractor, per Offshore Engineer OEDigital.

Source: oedigital.com (opens in a new tab)1 sourcePermalink

United StatesTransport

Ford Shows First Look at Lower-Cost Electric Pickup

Ford rolled out a first look at a forthcoming lower-cost all-electric pickup truck on Thursday, according to Canary Media.

The reveal follows a weak commercial run for the automaker's earlier entry in the segment. Canary Media reported that Ford's first all-electric pickup truck did not sell strongly.

Canary Media framed the question around whether the cheaper model can find the buyers the first truck missed.

Source: canarymedia.com (opens in a new tab)1 sourcePermalink

Policy & Geopolitics

US Imposes Section 232 Tariffs and Minimum Import Prices on Polysilicon and Solar Products

The Trump administration is imposing new tariffs and setting minimum import prices on polysilicon and products derived from it, CleanTechnica reported.

The measures cover ingots, wafers, solar cells and modules, according to CleanTechnica.

Tim Pawlenty, chief executive of the Solar Energy Industries Association (SEIA), issued a statement responding to the new Section 232 tariffs on solar, CleanTechnica reported.

Source: cleantechnica.com (opens in a new tab)1 sourcePermalink

Policy & Geopolitics

ADNOC Says 15 of Its Vessels Attacked in Strait of Hormuz, One Crew Member Killed

ADNOC said 15 of its vessels have been struck by missiles and drones while transiting the Strait of Hormuz since the conflict began, with three of those attacks occurring in a single week, according to World Oil.

The attacks have killed one crew member and injured 20 others, the company said. ADNOC described the casualties as tragic in the statement carried by World Oil.

The statement was issued Friday and addressed the impact of the recent attacks on ADNOC vessels and operations amid continued disruption in the Strait of Hormuz, World Oil reported.

ADNOC said it is working in close coordination with the relevant authorities and taking all necessary measures to protect its people, assets and operations. The company added that it aims to meet customer requirements as much as possible.

Source: worldoil.com (opens in a new tab)1 sourcePermalink