Powering the next century of growth
GE Vernova is paying $9 billion for Trench Group, whose bushings make up 5% to 8% of a transformer's cost and sit on the critical path of the grid build-out. The deal is a bet that delivery, not generation, is the binding constraint.
The EU Innovation Fund selected Nuada's SCALA project for €14.6 million. The first commercial-scale AdSpire unit will capture 10,000 tonnes of biogenic CO2 a year at a biomass plant in France, with no chemical solvents and no steam.
A factory financed for 670,000 cars a year now supplies 1.5 GWh of grid storage. Whether that is industrial arbitrage or subsidy rent turns on a 60% domestic-content floor that applies to projects built in 2027.
Baiju Bhatt's Cowboy Space unveiled Big Iron, a rocket whose upper stage stays in orbit as a 1 MW data center. It needs 20,000 launches and an FCC waiver to make orbital compute cheaper than the ground.
Rondo Energy and Rio Tinto have started engineering a 360 MWh heat battery at the Yarwun alumina refinery. The A$74.9 million ARENA package is mostly staged, and the first unit covers about 5% of the plant's steam — a cost test rather than a decarbonisation claim.
Peak Energy raised $108 million from GM Ventures and LG Technology Ventures against $1.1 billion in customer orders. The bet: sodium-ion storage wins where uptime and cooling costs matter more than floor space.
Forty-six battery projects bid, eight won, and NYSERDA committed 15 years of revenue protection on 950 megawatts. The first Index Storage Credit round is a working template for turning merchant battery risk into financeable contracts, and a test of what ratepayers get in return.
Blackstone's BETP V closed at $8.7 billion, more than 50% above its predecessor, with roughly a quarter deployed into power generation, transmission and data-centre cooling. For allocators, the signal is where the money is not going.