ACWA Power, the Saudi energy transition and desalination giant, has signed $500 million worth of Memorandums of Understanding (MoUs) with leading American companies, reinforcing its strategic alignment with Saudi Arabia’s Vision 2030 and deepening its role in global decarbonization efforts.
McPhy Energy, once a prominent name in the European electrolyser market, is moving towards a court-supervised asset sale followed by judicial liquidation, after failing to attract a solvent investor or acquirer.
Canada has taken a critical step forward in its nuclear energy strategy with formal approval for the construction of the nation’s first small modular reactor (SMR), the BWRX-300. The project, located at Ontario Power Generation’s (OPG) Darlington site,will see GE Vernova Hitachi Nuclear Energy (GVH) begin work immediately.
Honda’s decision to postpone its $10–11 billion EV supply chain project in Ontario underscores the volatility now defining North America’s…
The global steel industry is responsible for approximately 11% of worldwide CO2 emissions. Within Canada, the steel industry contributes 2% to national emissions, equating to over 2.4 billion Canadian dollars to the GDP, while employing over 23,000 workers directly.
As California continues to push for a carbon-free electricity grid by 2045, hybrid projects combining solar power with energy storage are playing an increasingly vital role. A recent milestone in this effort came with Aypa Power’s announcement of $535 million in secured debt financing for the 320MW Vidal project in San Bernardino County.
As Brazil ramps up efforts to modernize its energy infrastructure and decarbonize remote regions, the government plans to launch construction of small modular reactors (SMRs) in collaboration with Russian state-owned nuclear corporation Rosatom.
As Brazil accelerates its transition toward a hydrogen-based economy, China’s Envision Energy plans to develop a Net Zero industrial park in the country, anchored by the production of sustainable aviation fuel (SAF) and green ammonia.
Plug Power and BASF have formalized a cooperation agreement that could sharpen the competitive edge of hydrogen liquefaction facilities. The partnership positions BASF’s DeOxo and Sorbead® Air technologies as key components within Plug Power’s hydrogen liquefaction plant portfolio.
Plug Power has closed the first tranche of a $525 million secured term loan facility, strengthening its financial position as it ramps up investment in its green hydrogen infrastructure. The $210 million drawdown, announced May 6, marks a significant liquidity injection and comes at a time when capital access is increasingly critical for hydrogen sector players navigating rising operational and deployment costs.
