Author: Anela Dokso

A $665 million final investment decision on a 260,000 tonne per year low-carbon fertilizer plant in Paraguay marks a notable inflection point for hydrogen-based industrial decarbonization. The Villeta project, led by ATOME PLC, is positioned as one of the first industrial-scale facilities to reach financial close based on commercial fundamentals rather than direct government subsidy support.

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Saudi Arabia is moving to procure 12,000 MWh of battery storage capacity in a single tender round, signaling a material shift in how the Kingdom balances renewable expansion with grid stability. The initiative, led by Saudi Power Procurement Company, introduces six large-scale Battery Energy Storage System projects, each rated at 500 MW with four-hour discharge capability, bringing the total to 3,000 MW of capacity.

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