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voltsdaily

Monday, 31 August 2026

38 briefs so farlast update 18:52 UTC

Key points

  • Trump Says US Secured Majority Control of 65 Billion Barrels of Venezuelan Reserves.
  • Holtec Starts Fuel Loading at Palisades, Targeting First US Restart After Decommissioning.
  • California Sues Interior Department and Golden State Wind Over Cancelled Offshore Wind Lease.
  • SLB to Buy Thermal Management Firm Kelvion for USD 4.1 Billion, Targeting Data Center Cooling.

Policy & Geopolitics

Trump Says US Secured Majority Control of 65 Billion Barrels of Venezuelan Reserves

President Donald Trump announced that Washington had secured majority control over more than 65 billion barrels of Venezuela's oil reserves, according to Semafor Net Zero, expanding Washington's influence over the country's energy industry.

The agreement creates a joint company owned by the government and a Venezuelan private operator, Semafor Net Zero reported. That entity will receive a 100-year lease to develop 17 oil fields.

Venezuela's acting president said the deal could draw billions in investment, per Semafor Net Zero. Critics across Venezuela's political spectrum questioned the arrangement's legality and warned it could undermine Venezuelan sovereignty.

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

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Oil & Gas

Allseas Lands 17,000-Tonne North Cormorant Topsides at Shetland for Recycling

Allseas' heavy-lift vessel Pioneering Spirit has removed TAQA UK's North Cormorant topsides from the northern North Sea and delivered the structure to Shetland for dismantling and recycling, according to Offshore Engineer OEDigital.

The former production topsides weighed more than 17,000 tonnes and came off in a single lift before being carried to Dales Voe, Offshore Engineer OEDigital reported.

North Cormorant is the second topsides removal completed under Allseas' long-term Engineering, Preparation, Removal and Disposal (EPRD) contract covering TAQA UK's Northern North Sea facilities, per the same report. The contract covers removal and disposal of more than 120,000 tonnes of offshore infrastructure.

Brown & Mason will handle the dismantling and recycling work onshore. According to Offshore Engineer OEDigital, that work supports a TAQA-Allseas commitment to recover at least 97% of materials across the Northern North Sea program.

Pioneering Spirit completed its first commercial single-lift operation on 22 August 2016, when it removed the Yme MOPUstor platform in Norway, the outlet reported.

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

Oil & Gas

Eni Takes Operatorship of Uruguay's OFF-5 Block With 50% Interest

Eni has signed an official agreement to enter the OFF-5 exploration block offshore Uruguay, taking operatorship with a 50% interest, according to Offshore Engineer OEDigital.

The agreement was signed together with MIWEN, a wholly owned subsidiary of YPF, and the Uruguayan National Oil Company ANCAP, and followed approval by the Uruguayan authorities. MIWEN holds the remaining 50% interest in the block as Eni's partner, Offshore Engineer OEDigital reported.

The move is not Eni's only recent position offshore Uruguay. The company has reached an agreement to acquire a 40% interest in the adjacent OFF-6 block, which is operated by APA Corporation, according to the same report.

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

Policy & Geopolitics

California Sues Interior Department and Golden State Wind Over Cancelled Offshore Wind Lease

California sued the Trump administration and developer Golden State Wind on Friday over a deal that cancelled a planned offshore wind project off the state's Central Coast, according to Offshore Engineer OEDigital. The agreement traded the project for a USD 120 million federal reimbursement and a commitment to invest in fossil fuel projects.

Attorney General Rob Bonta filed the case in U.S. District Court for the northern district of California, naming the U.S. Department of the Interior and Golden State Wind as defendants, Offshore Engineer OEDigital reported. The complaint argues the April agreement violated federal law and should be invalidated.

The state alleges the deal breaches two statutes: the Outer Continental Shelf Lands Act, which governs federal offshore leasing, and the Judgment Fund Act, which controls how the federal government pays out settlements.

Golden State Wind is a joint venture between Ocean Winds, itself a partnership of France's ENGIE and Portugal's EDP Renewables, and Reventus Power, a London-based offshore wind investment firm, according to the same report.

California's filing cites the effect on its target of developing 25 GW of offshore wind capacity by 2045. The Central Coast lease sat inside the pipeline the state is counting on to reach that figure.

The structure at issue is not unique to this project. Offshore Engineer OEDigital reported that the Trump administration has reached similar lease termination agreements with other offshore wind developers, including TotalEnergies and Invenergy, each requiring investments in conventional energy projects in exchange for ending the offshore lease.

That pattern gives the California case reach beyond a single site. If a court accepts the argument that the Outer Continental Shelf Lands Act and the Judgment Fund Act do not permit the federal government to buy back a lease and direct the proceeds toward fossil fuel spending, the reasoning would bear on the parallel deals struck with TotalEnergies and Invenergy.

The reimbursement figure and the fossil investment pledge are both terms of the cancelled agreement rather than damages sought, per the account of the deal published by Offshore Engineer OEDigital.

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

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Policy & Geopolitics

One Nation Pitches New Coal Build and Life Extensions at Latrobe Valley Launch

One Nation has committed to building new coal plants and extending the operating life of existing ones, according to RenewEconomy, which reported the pledge as part of an energy policy pitch aimed at state voters.

Party leader Pauline Hanson launched the policy at Miners Lookout in the Latrobe Valley region of Victoria, Australia, near the Loy Yang A Power Station, RenewEconomy reported. The choice of backdrop placed the announcement directly in front of an operating coal generator in one of the country's established coal-fired generation districts.

The commitment covers both new construction and continued operation of the existing fleet, per RenewEconomy. The pitch was directed at state voters.

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

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Renewables

ClearVue Says Gen 3 Solar Glass Now Accepts Standard Low-E Coatings

ClearVue Technologies has announced a manufacturing breakthrough that lets its Gen 3 solar vision glass units take high-performance soft low-emissivity (Low-E) coatings on the same established systems used for conventional commercial glazing, according to pv magazine.

The Australian building-integrated photovoltaic (BIPV) specialist said the energy-generating units can produce more than 50 W per square metre while holding up to 80% visible light transmittance, pv magazine reported.

The coating step is where the claim bites. Soft Low-E layers are standard in commercial facade glass, and running them through existing lines rather than a bespoke process is what ClearVue frames as the change.

"This removes a practical barrier for the industry," said Doug Hunt, Chief Executive Officer of ClearVue Technologies, in comments reported by pv magazine. Hunt said the result is that energy-generating glass can be weighed against conventional facade products "rather than requiring an entirely separate design or manufacturing process".

That framing puts the product into the specification decision facade designers already make, instead of a parallel track requiring separate design or manufacturing, per Hunt's account.

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

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Renewables

Borkum Riffgrund 3 Starts Commercial Operation at 913MW

Borkum Riffgrund 3 has entered commercial operation with an installed capacity of 913MW, ranking it among Germany's largest offshore wind farms currently running, according to Offshore Engineer OEDigital.

Corporate buyers have contracted 786MW of the project's output, Offshore Engineer OEDigital reported. Amazon holds the largest share at 350MW, followed by BASF at 186MW.

Covestro and Energie-Handels-Gesellschaft/REWE Group each signed for 100MW, while Google took 50MW, according to the same report.

The contracted volume covers most of the wind farm's nameplate capacity, leaving the balance of the 913MW uncommitted under the disclosed agreements.

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

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Policy & Geopolitics

Gary, Indiana Residents Went Up to Two Weeks Without Power After Storms, Canary Media Reports

Thousands of residents in Gary, Indiana went without electricity for as long as two full weeks after storms hit the area, according to Canary Media.

One of them, Stephen Mays, lost power for 12 days after violent storms and tornadoes struck northwest Indiana, Canary Media reported.

Gary is where Mays lives and works, along with another resident, Latham, cited in the same report.

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

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Renewables

Virginia Launches First U.S. State Bulk-Buy Program for Rooftop Solar

Virginia has become the first state in the United States to launch a bulk-purchasing campaign for rooftop solar, according to Canary Media.

The program is called Switch Together, Canary Media reported.

Canary Media reported that the campaign promises to bring down the cost of installing rooftop solar panels for households across Virginia.

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

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Oil & Gas

South Africa Lifts All Fuel Prices, With Diesel Up as Much as R3.14

South Africa's Department of Mineral and Petroleum Resources (DMPR) announced price increases for all fuel types taking effect Wednesday, with diesel carrying the heaviest adjustment.

Both grades of petrol, 93 and 95, in unleaded and lead-replacement form, rise by R1.34, according to the DMPR. Diesel with 0.05% sulphur increases by R2.93, while the 0.005% sulphur grade goes up R3.14.

The department pointed to the crude benchmark as the driver. The average Brent Crude price rose from USD 82.37 to USD 87.88 over the period under review, the DMPR said. It attributed that move to continued US/Iran tensions, uncertainty over the flow of oil through the Strait of Hormuz, and higher shipping costs.

A second mechanism adds to the pump increase. The Slate Levy rises 21.90 c/l, from 61.38 c/l to 83.28 c/l, and will be implemented in the petrol and diesel price structures from 2 September 2026, according to the DMPR.

That levy adjustment follows a widening shortfall in the slate account. At the end of July 2026 the cumulative slate levy stood at a negative balance of some R9.519 billion for petrol and diesel combined, the department said.

The slate mechanism recovers the gap between the regulated domestic price and actual import parity costs, so a negative balance is passed through to motorists via a higher levy. With the levy change landing the day after the price adjustment, diesel users face both the R3.14 basic fuel price movement on the low-sulphur grade and the 21.90 c/l levy step.

The gap between the petrol and diesel adjustments is more than double: R1.34 on petrol against R2.93 and R3.14 on the two diesel grades.

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

AI & Energy

Philadelphia Planners Shortlist Bellwether District Among Two Data Center Sites

Only two sites in Philadelphia can host a large data center, and the Bellwether District is one of them, according to a Planning Commission assessment reported by Inside Climate News.

The land carries a heavy industrial history. A 2019 fire pushed the refinery operator on the site into bankruptcy and out of business, and HRP Group later took ownership of the 1,300-acre tract, Inside Climate News reported.

Exelon has already taken a substation plan to PJM, the regional grid operator, seeking power distribution capacity for a data center at Bellwether that remains hypothetical, per Inside Climate News. No tenant has been named for that load.

City Council voted unanimously for a 10-year extension of possible tax breaks available to tenants at the site through the Keystone Opportunity Zone program, according to Inside Climate News.

On Aug. 18, Governor Josh Shapiro signed an executive order that enacted stricter guardrails on data center development in Pennsylvania, Inside Climate News reported.

Four separate tracks are now open on the same parcel: a planning shortlist of two candidate sites, a utility substation proposal filed with the grid operator, a decade-long municipal tax runway, and a state order setting conditions on data center projects.

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

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Grid & Storage

Jinko ESS to Assemble Batteries in Brazil With UCB Power Ahead of December Reserve Auction

Jinko ESS has signed a partnership with UCB Power to assemble battery energy storage systems inside Brazil, with the first capacity reserve auction in December as the immediate target, ESS News reported.

The arrangement gives the supplier two entries into the December cycle. UCB Power will handle assembly in Brazil, letting Jinko ESS bid into the local-content auction on Dec. 2 as well as the Dec. 4 session, which accepts imported equipment, according to ESS News.

According to ESS News, the first localization route under the Brazilian Development Bank (BNDES) methodology, known as Route 1, will run through UCB Power's plant in Extrema, Minas Gerais.

A second site is under consideration. ESS News reported that using UCB Power's Manaus facility would permit estimated annual output of 1.5 GWh to 4.5 GWh, depending on how many shifts are run.

Mauro Scarpato, Jinko ESS Brazil BESS Sales Director, said the company already has 2 GWh of systems installed and operating across Latin America.

On the product side, a container rated at 6.25 MWh is in the final stages of certification and is expected to displace the 5 MWh configuration currently established in the market, according to ESS News.

Winning bidders face a fixed delivery deadline: projects contracted through the auction must be operational by Aug. 1, 2028, ESS News reported.

Upstream, the company plans a 48 GWh factory in China by the end of 2027, per ESS News.

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

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Markets

Longi Loss Widens to CNY 3.68 Billion as Five Chinese Solar Makers Post H1 Deficits

Longi, TCL Zhonghuan, GCL Technology, Daqo and Xinte Energy all stayed loss-making in the first half of 2026, according to pv magazine, which reported signs of operational stabilization across the five Chinese solar manufacturers even as the deficits persisted.

Longi carried the largest deficit of the group. Its net loss attributable to shareholders widened 43.4% to CNY 3.68 billion, pv magazine reported. First-half revenue fell 17.6% year on year to CNY 27.05 billion.

The manufacturer pointed to four pressures behind the result: continued oversupply, low capacity utilization, higher silver costs and foreign exchange effects, according to pv magazine.

TCL Zhonghuan moved in the opposite direction on both lines. Revenue rose 6.8% to CNY 14.31 billion and the net loss narrowed 24.5% to CNY 3.20 billion, per pv magazine.

Daqo New Energy recorded the sharpest revenue contraction. Sales dropped 57.6% to CNY 623 million while the attributable net loss widened 39.1% to CNY 1.60 billion, according to pv magazine.

Xinte Energy posted the strongest top-line growth and the smallest deficit. Revenue climbed 38.9% to CNY 10.15 billion and the attributable net loss narrowed 17.3% to CNY 212 million, pv magazine reported.

The split across the five names is not uniform. Two of the reporting companies grew revenue while trimming losses, one shrank on both counts, and Longi combined falling sales with a deeper deficit. Silver cost inflation and low utilization named by Longi bear on cell and module producers rather than polysilicon suppliers, where Daqo's revenue decline was concentrated.

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

Renewables

India Installs 6.6 GW of Rooftop Solar in First Half of 2026

India installed 6.6 GW of rooftop solar capacity in the first half of calendar year 2026, according to pv magazine. That is up 136% on the 2.8 GW installed in the first half of 2025.

The second quarter carried the larger share. Additions reached 3.8 GW, up 41% from the 2.7 GW recorded in the first quarter, pv magazine reported. Measured against the same quarter a year earlier, Q2 volumes rose 136% from 1.6 GW in Q2 2025.

Rooftop systems made up 33% of all Indian solar installations during the second quarter, according to pv magazine. Households drove that volume: residential installations contributed 84% of total rooftop additions in Q2 2026.

According to Mercom, the installations were primarily driven by the Pradhan Mantri Surya Ghar Muft Bijli Yojana, or PM Surya Ghar program.

By June 2026, rooftop systems had been installed in nearly 4.5 million Indian households, reaching approximately 45% of the program's target of 10 million households, pv magazine reported.

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

Transport

Yusen Terminals Commits USD 200 Million to Zero-Emission Cargo Equipment at Port of Los Angeles

Yusen Terminals will spend USD 200 million on zero-emission cargo-handling equipment at the Port of Los Angeles, according to electrive.

The commitment comes with a long-term tenancy. electrive reported that the Los Angeles Board of Harbor Commissioners approved a 30-year lease with Yusen Terminals, keeping the marine terminal operator at the port through 2056. The equipment spending is tied to that footprint.

Yusen Terminals is owned by container shipping company Ocean Network Express (ONE), per electrive.

The scale of road traffic around the terminal gates gives the equipment switch its context. electrive reported that the Port of Los Angeles is served by a fleet of more than 18,000 drayage trucks. Cargo-handling equipment is the on-terminal side of that chain: the yard tractors, cranes, and lifts that move containers between ship, stack, and truck.

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

Grid & Storage

Australia Installs Record 3.6 GWh of Small-Scale Batteries in Q2 2026

Australia approved more than 111,000 small-scale battery systems and installed 3.6 GWh of capacity in the second quarter of 2026, its strongest three-month stretch on record for household storage, according to ESS News.

The utility-scale pipeline moved in parallel. ESS News reported that 4.2 GWh of large-scale battery capacity either reached final investment decision or began operating during the quarter.

Rooftop solar passed a threshold at the same time. Installations exceeded 1 GW for the first time in the April to June quarter, surpassing the previous quarterly record of 942 MW set in the final quarter of 2023, per ESS News. Large-scale solar also set a quarterly mark, with 1.8 GW reaching final investment decision in the June quarter.

Those additions showed up in the generation mix. Renewables supplied about 42% of National Electricity Market (NEM) generation in the quarter, up from 37% a year earlier, according to ESS News.

The rebate scheme behind much of the household activity has now completed a full year. Storage capacity approved under the Cheaper Home Batteries programme reached 12.4 GWh across more than 438,000 installations, with more than 500,000 applications received by mid-August, ESS News reported.

Households appear to have pulled purchases forward. More than 80% of small-scale solar installations in April were paired with a battery, according to the CER, which said this suggests households accelerated combined solar and battery installations ahead of the May 1 changes.

System sizing shifted after that date. Average residential battery capacity fell from 36 kWh in April to about 23 kWh in May and June.

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

Policy & Geopolitics

Smackover Lithium Signs 8,000-Tonne Offtake with LG Energy Solution for South West Arkansas Project

Smackover Lithium has signed a binding take-or-pay offtake agreement with LG Energy Solution covering its South West Arkansas Project, the second commercial offtake deal for the site, according to a GlobeNewswire release from the partnership.

Under the agreement, the SWA Project will deliver 8,000 metric tonnes per year of battery-quality lithium carbonate to LG Energy Solution across a 10-year period beginning with the start of commercial production.

The partnership said the new contract, combined with a previously announced Trafigura agreement for the same annual volume and the same 10-year term, commits roughly 90% of the total targeted offtake volume for the project.

That target is set against an initial-phase annual nameplate capacity of 22,500 metric tonnes of lithium carbonate, with the partnership seeking offtake agreements covering roughly 80% of that figure.

Smackover Lithium is targeting a Final Investment Decision this year, with construction planned to begin promptly after FID and first commercial production of battery-quality lithium carbonate scheduled for 2029, per the release.

On the debt side, the partnership pointed to a financing update in which it flagged indications of interest for over USD 1 billion in project debt from three major Export Credit Agencies.

Standard Lithium Ltd. holds a 55% interest in the Smackover Lithium projects through subsidiaries and Equinor ASA holds the remaining 45% through subsidiaries, with Standard Lithium retaining operatorship.

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

Generation

Holtec Starts Fuel Loading at Palisades, Targeting First US Restart After Decommissioning

Holtec has begun loading nuclear fuel into the reactor vessel at the Palisades Nuclear Power Plant, a step the company said moves the station toward becoming the first commercial US nuclear plant to return to service after entering decommissioning.

The reactor core holds 204 fuel assemblies, a mix of new fuel and partially used fuel from the plant's most recent operating cycles, according to Holtec. The core is designed to support an 805-megawatt electric output.

Fuel loading places the plant in Mode 6 under the Palisades Technical Specifications, which Holtec described as a required step on the path to commercial operation.

The milestone comes after more than two years of inspection, maintenance, refurbishment, testing, and equipment upgrades across the station, work Holtec said was intended to ensure reliability and resiliency for long-term operation.

Financing and offtake for the restart came from three directions. Holtec credited financial support from the State of Michigan, a loan from the US Department of Energy, and long-term power purchase agreements with Wolverine Power Cooperative and Hoosier Energy.

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

Transport

Oregon Reopens EV Rebate Program With Funding Expected to Run Out by November 5

Oregon's Clean Vehicle Rebate Program has reopened for eligible vehicles bought or leased through 4 November 2026, according to electrive.

The reopening comes with a short horizon. The Oregon Department of Environmental Quality expects this round of funding to run out by then and will suspend the program again by 5 November, electrive reported.

The constraint is the size of the pot. Oregon has limited funds for the rebate program, currently about USD 8.5 million, according to electrive.

Under the standard rebate, buyers receive USD 2,000 for a new all-electric vehicle, USD 1,500 for a new plug-in hybrid and USD 375 for a new electric motorcycle, electrive reported.

A second track targets household income. The charge-ahead rebate for low-income households provides USD 7,500 for a new electric car or USD 5,000 for a new plug-in hybrid, according to electrive.

That structure means a low-income buyer of a new battery-electric car qualifies for a rebate more than three times the standard amount. Applicants working from the standard tier face a purchase or lease deadline of 4 November, with the suspension following the next day.

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

Renewables

Hill and Navarro County Solar-Plus-Storage Projects Reach Completion in Texas

Roughly 311 MWdc of solar capacity has come online across two paired generation-and-battery sites in Texas. Solar Builder reported that Sunraycer, working with Monarch Private Capital, finished the Midpoint and Gaia projects.

Both sites sit in Hill and Navarro Counties, where the added output feeds the ERCOT grid sectors serving those counties, Solar Builder reported.

Battery capacity differs between the two. Midpoint holds 50 MW / 100 MWh of storage; Gaia holds 75 MW / 150 MWh.

Annual output from the pair is estimated by the companies at 585 GWh, which Solar Builder said equates to roughly 54,000 homes.

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

Transport

Switch Mobility Wins 650-Bus Order for Mumbai and Pune Under PM E-Drive

Switch Mobility has secured an order for 650 nine-metre electric buses in India, according to electrive, with delivery under the Ministry of Heavy Industries' PM E-Drive scheme.

The buyer is Sai Green Projects, which will procure the vehicles under a tender run by Convergence Energy Services Limited (CESL) and operate them in Mumbai and Pune, Maharashtra, electrive reported.

The split favours the larger city. Of the 650 units, 450 will be low-floor air-conditioned buses for Mumbai, while Pune takes 200 low-floor non-AC vehicles.

On price, Sai Green Projects took the Pune contract with the lowest bid at 55.55 rupees per kilometre excluding GST, according to electrive.

The order sits inside a larger procurement programme. Out of 14,028 electric buses eligible for support under PM E-Drive, CESL closed the Phase I tender covering 10,900 units in December 2025, electrive reported.

On the vehicle itself, the EiV9 uses a permanent magnet synchronous motor rated at up to 213 kW. Switch Mobility offers battery pack options of 183 kWh and 284 kWh, and claims a range of more than 200 kilometres.

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

Grid & Storage

Portugal Consults on Storage Strategy Targeting 6.9 GW by 2030

Portugal has put its National Energy Storage Strategy (ENAE) out for public consultation, with a target of 6.9 GW of installed storage capacity by 2030, according to ESS News. Submissions close on September 16, 2026.

The strategy sets a second horizon of 9.76 GW of installed capacity by 2040, ESS News reported. The stated aim of the ENAE is to accelerate the integration of storage into the National Electricity System.

Those capacity figures are not battery-only. The ENAE targets cover pumped-hydro storage alongside batteries and other large-scale storage technologies, according to ESS News.

The technical analysis underpinning the strategy ties the buildout to renewable penetration. Storage will need to contribute to achieving 82% to 85% renewable integration in electricity generation by 2030, per that analysis as reported by ESS News.

Measures in the document are grouped under four pillars: economic value and participation in system services, regulatory frameworks, streamlined grid connections, and technological innovation. The first pillar addresses how storage assets earn revenue from system services; the third addresses connection processes, a recurring constraint on large-scale storage deployment.

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

Renewables

Valterra Platinum Bets on China Hydrogen Truck Rollout for Platinum Demand

Valterra Platinum, described by Semafor Net Zero as the world's largest platinum group metals miner, is betting that China's push into hydrogen-powered freight trucks will generate a fresh wave of demand for the metals.

The miner's projection rests on fuel cell vehicles capturing a fifth of the global heavy-duty truck market, according to Semafor Net Zero.

Platinum is used in fuel cell stacks, and the supply base is concentrated. South Africa supplies more than 80% of the world's platinum, Semafor Net Zero reported.

The policy backdrop is explicit. Under China's 15th five-year plan, energy security and the rollout of hydrogen infrastructure are central priorities.

Deployment is being steered toward locations where hydrogen is cheapest to make. Beijing is putting fuel-cell fleets near low-cost production hubs in the Yangtze River Delta, according to Semafor Net Zero. Pilot tank-swapping stations for heavy trucks are also being tested, aimed at cutting distribution costs.

That combination, siting fleets next to production and swapping tanks rather than refuelling at fixed stations, addresses the cost of moving hydrogen rather than the cost of making it. Distribution economics have been the harder constraint for heavy freight, and the pilots test whether logistics can be engineered around them.

For a producer whose output depends on a single country's mines, the fuel cell truck segment matters as a volume channel rather than a marginal one. Valterra's own case turns on that one-fifth market share assumption holding, with more than 80% of global platinum coming from South Africa.

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

Chart highlighting cited value: more than 80%. Data as cited.
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Renewables

SunHydrogen Reports Above 10% Solar-to-Hydrogen Efficiency on 100 cm² Modules

SunHydrogen's 100 cm² hydrogen modules exceeded 10% solar-to-hydrogen conversion efficiency in preliminary testing at Sparc Hydrogen's laboratories, according to pv magazine.

The result follows earlier work on the same module size at the research and development facilities of Honda, where pv magazine reports the devices reached an active-area solar-to-hydrogen efficiency of 10.8%.

SunHydrogen has also taken the technology to a larger footprint. In outdoor testing of a 1.92 m² development module sized like a conventional photovoltaic panel, efficiencies approached 9%, according to pv magazine.

That spread between the small-format and PV-sized results is the metric to track as the company scales its devices: the 100 cm² modules cleared 10% under laboratory conditions, while the 1.92 m² unit fell short of that mark outdoors. The 10.8% figure recorded at Honda's facilities was measured on an active-area basis rather than across the full module.

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

Generation

Corpus Christi Becomes Second US Port to Study Nuclear Maritime Technologies

The Port of Corpus Christi in Texas has signed an agreement with the US Department of Transportation's Maritime Administration to explore small modular reactors, microgrids and advanced vessel propulsion systems, World Nuclear News reported.

According to World Nuclear News, the port is the USA's largest handler of petroleum exports. That makes the agreement a test of whether a hydrocarbon export terminal can host reactor-based power and service reactor-powered ships.

A separate memorandum of collaboration commits the port to work with Core Power, a maritime nuclear energy specialist, on a site-specific maritime nuclear readiness study. The study will examine opportunities for firm, reliable power from floating nuclear power plants and the port's readiness for future calls by nuclear-powered commercial ships, per World Nuclear News.

Corpus Christi is the second US seaport to sign with the agency. The Port of Long Beach in California signed a memorandum of cooperation last month, becoming the first US seaport to formalise a partnership with the Maritime Administration to establish nuclear-powered vessels for commercial service, World Nuclear News reported.

The agency launched its initiative to develop small modular reactors for use in commercial shipping in May, according to the same report. Both port agreements sit under that programme, which pairs federal coordination with individual terminal operators rather than shipowners alone.

The Core Power work separates two distinct propositions that are often conflated. One is shoreside supply: floating nuclear power plants moored to deliver firm power to port operations. The other is vessel-side: berths, procedures and permissions for commercial ships carrying reactors. The Corpus Christi study covers both.

The Texas agreement's inclusion of microgrids and advanced vessel propulsion alongside small modular reactors indicates the scope extends past a single technology choice.

Source: world-nuclear-news.org (opens in a new tab)1 sourcePermalink

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Generation

Certified Craft Shortage Confronts New Nuclear Build, Neutron Bytes Reports

The nuclear industry lacks certified workers across several skilled trades who can build a reactor to industry quality-assurance standards and produce the documentation proving the work was done that way, according to Neutron Bytes.

The constraint is not general construction labor but the narrower pool qualified under nuclear-grade paperwork rules. Appendix B to the NRC's construction regulations sets out eighteen requirements covering how work is designed, performed, inspected, corrected, and recorded, Neutron Bytes reported. Each of those steps depends on craft workers who hold the right certifications and can evidence compliance.

Demographics work against the industry. Neutron Bytes put the average welder's age at 55, with roughly two arrivals for every five who retire. That replacement ratio applies to the trade that sits at the center of pressure-boundary work on any reactor project.

The cost of getting labor wrong is documented at Plant Vogtle in Georgia. According to Neutron Bytes, the project was delivered at about USD 35 billion, more than double the original USD 14 billion estimate. It also ran seven years late.

Craft availability was flagged during that build. Securing enough qualified craft labor, pipefitters and electricians in particular, was named a foremost project risk at Vogtle, Neutron Bytes reported. The trades identified there map directly onto the certification bottleneck the outlet describes across the wider industry.

The combination of an aging welding workforce, a two-for-five replacement rate, and eighteen quality-assurance requirements that must be satisfied and evidenced on every task defines the labor problem now facing developers weighing new reactor construction.

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

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Grid & Storage

IEEFA: PJM Leans on Coal for 44% of Generation Growth as ERCOT Peak Clears at $29.11/MWh

About 44% of PJM's projected increase in generation through 2027 is expected to come from the region's aging coal-fired power plants, according to IEEFA. That runs against the national picture: the EIA projects wind and solar will supply 93.7% of the increase in US electricity generation through 2027.

EIA expects wind and solar to grow faster than gas and coal generation in nine of the 11 US power markets through 2027, IEEFA reported.

IEEFA set the contrast against ERCOT's summer peak. The system smashed its previous generation record on July 22, hitting 91,089 MW at 6 p.m. local time.

Prices at that peak hour stayed low. Real-time ERCOT prices averaged just $29.11/MWh during the peak hour, IEEFA reported, against $4,477.12/MWh at the peak hour in 2023.

Solar carried a large share of the load. Generation from solar reached 28,712 MW during the July 22 peak hour, covering 31.5% of total demand, according to IEEFA.

Batteries took over as solar output fell away. For more than an hour beginning at 7:45 p.m. on July 22, batteries injected more than 10,000 MW into the ERCOT system, providing between 10% and 14% of total demand, IEEFA said.

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

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Transport

Volkswagen ID. Aura T6 Pairs 170 kW Powertrain With Gotion and CATL LFP Packs

Volkswagen's ID. Aura T6 carries a single powertrain specification across every trim, rated at a maximum 170 kW, according to electrive.

The battery supply is split between two cell makers. The entry version runs lithium iron phosphate cells from Gotion High-tech in a 59.9 kWh pack, while higher trim levels switch to CATL lithium iron phosphate cells and a 77.5 kWh pack, electrive reported.

FAW-Volkswagen puts range at 540 km for the smaller pack and 660 km for the larger one, measured on the Chinese test cycle, according to electrive. Those figures follow the domestic cycle rather than any other rating standard.

Underneath sits the CEA electronics and electrical architecture, which Volkswagen developed jointly with Xpeng, electrive reported. The shared architecture ties the vehicle's electrical and software layer to a partnership rather than an in-house platform alone.

The model fits a wider product push. Volkswagen is targeting 30 new vehicles in China by 2027 across its three joint ventures, according to electrive. Splitting cell sourcing between Gotion High-tech and CATL within a single nameplate gives the carmaker two supply lines for the same model line.

With identical output across variants, the differentiation between trims rests on pack size and the resulting range figures rather than on power.

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

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Renewables

Solar O&M Portfolios Hit 348 GW as Top 15 Providers Reach 200 GW

Third-party solar photovoltaic operations and maintenance (O&M) contracts grew by 61 GW over 2025, lifting the tracked global total to 348 GW, pv magazine reported, citing Wood Mackenzie.

The 15 biggest providers took on 41 GW between them during the year and now oversee 200 GW, which pv magazine put at 57% of the analyzed capacity.

NovaSource Power Services stayed at the top of the ranking, closing the year with 38.4 GW under management, pv magazine reported.

Sixth-placed Sterling & Wilson grew its book 53% year on year to 13.5 GW, according to pv magazine.

North American full-wrap comprehensive O&M contracts repriced downward, with prices off 18% year on year, pv magazine reported.

Middle East and Africa volumes nearly doubled over the same period, according to pv magazine.

The underlying study, Wood Mackenzie's Global Solar PV O&M Service Provider Dynamics 2026, looks at portfolio sizes, cost trends and service strategies at more than 130 active providers, pv magazine said. Its coverage spans the Americas, Europe, the Middle East and Africa, and Asia-Pacific outside China.

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

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Generation

DOE's Reactor Innovation Center Picks 13 Self-Funded Projects for Nuclear Launch Pad

The U.S. Department of Energy's National Reactor Innovation Center (NRIC) selected 13 projects for its Nuclear Energy Launch Pad initiative, announcing the list on August 24, 2026, according to Neutron Bytes. The center is located at Idaho National Laboratory (INL).

Those 13 projects come from 12 developers, chosen against criteria published in the initiative's Request for Applications, Neutron Bytes reported.

Neither NRIC nor DOE is putting money behind the selected work. The two will provide no project funding and no in-kind contributions toward cost sharing, leaving participating firms to finance their own scopes, according to Neutron Bytes.

The structure follows two earlier DOE efforts: the Reactor Pilot Program, established in June 2025, and the Fuel Line Pilot Program, launched in August 2025.

NRIC itself dates to 2019, when it was created to work with industry and the national laboratories on closing the gap between concept, demonstration and commercialization of advanced nuclear technologies, per Neutron Bytes. Launch Pad sits under that mandate.

Separately, INL announced Project Prometheus, a USD 60 million Phase II Genesis Mission initiative applying artificial intelligence to the nuclear sector with the aim of cutting design, licensing, manufacturing and operational timelines, Neutron Bytes reported.

Prometheus carries industry money that Launch Pad does not. Partners have committed more than USD 200 million in cost share and USD 30 million in capital, alongside proprietary design data and commercial deployment pathways, according to Neutron Bytes.

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

Transport

SUN Mobility Opens 35 Battery-Swap Stations in Kenya, Targets 2,500 Across Africa

SUN Mobility has started operating a battery-swapping network in Kenya with 35 stations serving electric two- and three-wheelers from more than ten manufacturers, according to electrive.

The stations are concentrated in two cities. Electrive reports 27 sites in Nairobi and eight in Mombasa.

The company's stated plan reaches well beyond that footprint: more than 2,500 swapping stations across Africa over the next five years, serving more than 160,000 electric vehicles, electrive reported.

For the expansion, SUN Mobility is working with Vivo Energy, a fuel retailer that runs more than 4,200 Shell and Engen stations in 29 African countries, according to electrive.

In South Korea, charging operator Chaevi has been selected to install 131 fast chargers at 29 motorway service areas under a Korea Expressway Corporation project. Electrive, citing the Korea Times, said the chargers are part of the 2026 programme.

The hardware split is 118 fast chargers rated at 200 kW plus 13 multichargers, with 82 of the units carrying the NACS standard established in North America, according to Chaevi as cited by electrive.

Chaevi already runs around 6,000 of its own fast-charging points in South Korea, or roughly 10,000 once infrastructure it manages for other companies and institutions is counted, electrive reported.

Separately, Nissan and Honda signed a cooperation agreement to standardise several electronic control units for next-generation software-driven vehicles. The jointly developed units and software are scheduled for implementation in both companies' next-generation smart cars starting in fiscal year 2029, according to electrive.

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

Transport

MHI Launches TEU Electric Refrigeration Units for European Electric Trucks

Mitsubishi Heavy Industries Thermal Systems is bringing a range of electrically powered transport refrigeration units to Europe, the TEU series, built specifically for electric trucks, according to electrive.

The units use a modular construction designed to cut space and weight demands on the vehicle. European sales run through Mitsubishi Heavy Industries Thermal Transport Europe, based in Osnabrück, Germany, electrive reported.

MHI puts the savings against its conventional TU series, which pairs the cooling unit with a separate generator. The TEU main unit is said to require around 30 per cent less volume, according to the manufacturer as reported by electrive. The installation opening shrinks by 40 per cent, and weight drops 55 per cent. On a battery-electric truck, both figures bear directly on payload and on the energy drawn from the traction battery.

One variant, the TEU1400MA, carries multiple evaporators. Four different evaporator types of varying sizes can be fitted in a divided cargo area, which lets an operator move goods with different temperature requirements in a single vehicle, electrive reported.

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

Renewables

Sol Systems Buys 200 MWac Lumberton Solar Project From DESRI in Texas

Sol Systems has acquired the Lumberton Solar Project, a 200 MWac site in Hardin County, Texas, from DESRI, according to Solar Builder.

The purchase is Sol Systems' second project acquisition of 2026, Solar Builder reported.

DESRI carried the site through development, permitting, and commercialization before the sale, with Sol Systems taking over management of the project through construction and its operational lifespan, according to Solar Builder.

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

Grid & Storage

Asahi Kasei Reports 10% Energy Density Gain From New Silicon-Anode Pre-Lithiation Method

Asahi Kasei has developed a pre-lithiation technology for lithium-ion batteries built with silicon-based anodes, according to electrive.

In internal testing, the Japanese company says the method raised the energy density of an NMC cell by 10 per cent, electrive reported.

The test cell used an anode composed of 90 per cent graphite and 10 per cent silicon monoxide, according to electrive. Silicon content raises the theoretical capacity of an anode, but lithium is consumed irreversibly during the first charge cycles. Pre-lithiation, or pre-doping, addresses that loss by loading additional lithium into the cell before it enters service.

Asahi Kasei's route relies on lithium carbonate as the supplementary lithium source, a material the company describes as relatively inexpensive, per electrive. Cost is the constraint that has kept most pre-lithiation approaches out of volume manufacturing, since the specialist lithium metal powders and foils typically used are expensive and difficult to handle on production lines.

The company intends to run proof-of-concept projects with customers worldwide before commercialising the process through licensing agreements, according to electrive. That structure would put the technology into third-party cell plants rather than into production capacity owned by Asahi Kasei itself.

The 10 per cent figure is a company claim from internal tests and has not been verified by an outside party. Proof-of-concept work with cell makers would be the first point at which the result is measured on someone else's equipment.

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

Generation

Three New Reactors Started Up at Idaho National Laboratory This Summer

Idaho National Laboratory constructed and tested a new reactor on June 4, 2026, its first in 50 years, according to Atomic Insights, which identified the unit as Antares Mark 0.

Two more followed within a month. Deployable Unity started up on June 30, and Aalo-X on July 4, Atomic Insights reported.

A fourth unit, Radiant Kaleidos, is to be brought to full power and run through a series of stress tests, ending in a continuous full power run of at least 150 hours, per the same account.

The laboratory's staff also supported reactor projects outside Idaho. Atomic Insights reported that INL personnel assisted Valar in Utah and Oklo in Texas, both of which started up during the summer of 2026.

The cost structure separates this cluster of startups from conventional national-laboratory work. Private companies paid to design, build and operate their own equipment, while laboratory staff and Department of Energy staff played supportive roles as needed, according to Atomic Insights.

The Radiant Kaleidos test sequence is the one still ahead. A sustained full power run of at least 150 hours is the endurance threshold set for that unit, distinct from the initial criticality milestones already reached by the three earlier reactors.

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

Markets

Helix Shareholders Clear All-Stock Merger With Hornbeck Offshore

Helix Energy Solutions Group shareholders approved the company's all-stock combination with Hornbeck Offshore Services, clearing the way for the offshore services merger to close September 1, 2026, according to World Oil.

The vote removes the final shareholder hurdle ahead of the closing date reported by World Oil.

Ownership of the merged business tilts toward the Hornbeck side. Upon closing, Hornbeck securityholders will own approximately 55% of the combined company on a fully diluted basis, World Oil reported. Helix shareholders will hold approximately 45% on the same basis.

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

Chart showing cited values: Upon closing, Hornbeck securityholders will own: approximately 55%; Helix shareholders will own: approximately 45%. Data as cited.
Chart: voltsdaily, data as cited

Markets

Ranger to Buy STEP's US Coiled Tubing Fleet for USD 27.5 Million

Ranger Energy Services has struck a deal worth roughly USD 27.5 million for the U.S. coiled tubing business of STEP Energy Services, World Oil reported.

Thirteen full coiled tubing spreads change hands under the agreement, together with associated equipment and inventory. Ranger also picks up certain property and vehicle lease obligations.

World Oil described the purchase as one that leaves Ranger the second-largest coiled tubing provider operating in the Lower 48.

Around 220 STEP workers are set to move across, and Ranger expects to take over operations at closing, which World Oil said is targeted on or about Sept. 11, 2026.

For the seller, the sale narrows the field of operations. STEP said stepping out of the U.S. lets it put its attention on Canadian energy services work, spanning coiled tubing, hydraulic fracturing and cementing in the Western Canadian Sedimentary basin.

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

Markets

SLB to Buy Thermal Management Firm Kelvion for USD 4.1 Billion, Targeting Data Center Cooling

SLB has agreed to acquire thermal management provider Kelvion in a deal valued at USD 4.1 billion, World Oil reported, extending the oilfield services company deeper into data center infrastructure.

The structure splits into approximately USD 3.4 billion in cash paid to majority owner Apollo-managed funds and minority shareholder Triton, plus about USD 700 million of assumed debt, according to World Oil. The headline valuation of USD 4.1 billion covers both components.

Closing is expected in the first half of 2027, subject to regulatory approvals and other customary conditions.

Kelvion is expected to generate approximately USD 2.3 billion to USD 2.4 billion in revenue in 2026, World Oil reported, with USD 1.2 billion to USD 1.3 billion of that coming from data centers. That mix explains the strategic logic: roughly half the target's top line already sits in the segment SLB is buying into.

"AI is driving the most significant infrastructure investment cycle in our lifetime," SLB CEO Olivier Le Peuch said.

SLB is targeting USD 4.5 billion to USD 5 billion in revenue and USD 700 million to USD 800 million in adjusted EBITDA from the combined data center solutions business by 2028. The buyer expects approximately USD 120 million in annual EBITDA synergies within three years of completing the acquisition.

On the delivery side, cumulative delivered capacity at SLB's Data Center Solutions business is expected to surpass 2 GW by the end of 2026, according to World Oil.

The revenue target for 2028 implies roughly a doubling against Kelvion's current standalone base, with the data center portion carrying the growth. Cooling and heat exchange sit on the critical path for high-density compute deployments, and the assumed debt of about USD 700 million stays on SLB's balance sheet after closing.

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

Interior of a data center showing server racks alongside industrial heat exchanger units and cooling pipes.
Photo: Rsparks3 / Wikimedia Commons (opens in a new tab)