The order backlog of GE Vernova for essential energy equipment, including gas turbines, power transformers, and switchgear, now stands at approximately $119 billion, extending well into 2028. CEO ...

The green total return index (TRI) has staged a growth spike of 35% between March and October, beating the total return of the general market by 25% and, according to Rystad Energy, “are leaving most ...

Singapore’s Sembcorp Industries is in advanced discussions to spend up to $600 million for a 30% stake in the gas-fired power business for Thailand’s B.Grimm Power, valuing that business at $2 billion ...

Germany has to scale back its plan to build 20 GW of new gas-fired power capacity – potentially by nearly half – due to regulatory pressure from the EU. The cutback could tighten electricity supply, ...

The South African government is taking a bold move to invest R2.2 trillion, approximately 30% of the country’s GDP – into an Integrated Resource Plan (IRP), stipulating 16,000 MW of new-build gas ...

Acwa Power has secured financing of SAR13.4 billion, equal to $3.6 billion for the Qurayyah independent power producer (IPP) project situated in the Eastern province of Saudi Arabia. Meanwhile, Haja ...

Oct 21 – Private Saudi Arabian developer Pemco will built a new gas-piston power plant with 200 MW capacity in Uzbekistan. Construction is scheduled to start before the end of this year, following a ...

Risks abound that some US LNG export capacity will be shut in starting from 2029. If Asia cannot absorb the excess supply by ...

VoltaGrid and Halliburton have teamed up to deploy distributed power for data centers worldwide, with the first roll-out focussed on the Middle East. Initial deployments are targeted before the end of ...

Arrival of the first LNG cargo marks the launch of EGAS’ new floating storage and regasification unit (FSRU) in Damietta, helping to alleviate fuel shortages in Egypt’s power sector. Gas-burn covers ...

Oct 20 – Warsaw-headquartered R.Power has launched the divestment process for a 200 MW / 400 MWh battery energy storage system (BESS) in Romania. The ready-to-build BESS near Bucharest, known as ...

Without urgent transmission upgrades, Italy could waste 82 TWh of renewable energy by 2050 – about 16% of national demand. A ...