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KKR (global investment firm) has agreed to acquire the U.S. and Canadian renewable energy operations of EDF power solutions from EDF Group valued at approximately $4.2 billion, with potential additional payments of up to $390 million. The acquisition includes a portfolio of solar, wind, and battery storage assets and an integrated platform serving customers across North America. (Source: KKR)
Ford's $2 billion, 20 GWh (gigawatt-hour) lithium iron phosphate battery plant in Michigan began production in June. The facility is wholly owned by Ford and uses CATL's battery technology under a licensing and services agreement that includes plant construction and operational support. (Source: CnEVPost, Ford)
L-H Battery Co., the joint venture (JV) between LG Energy Solution (LGES) and Honda Motor, has begun mass production of lithium-ion battery cells for energy storage systems at its plant in Ohio. The cells will be supplied through LG Energy Solution Vertech, LGES's North American energy storage system (ESS) integration subsidiary. (Source: Yonhap News Agency)
Samsung and SK Group are planning to build 90 trillion won ($59 billion) worth of artificial intelligence (AI) data centers in Korea. Samsung Electronics' Device Solutions division announced plans to invest 17 trillion won ($11 billion) to build a national AI data center, with construction starting in 2H26 and a 210-megawatt (MW) facility targeting its first operation in 2028. SK will also invest about 70 trillion won ($46 billion) to build a gigawatt (GW)-class data center and 15 GW nationwide. (Source: Seoul Economic Daily)
BMW Group has completed a $1.7 billion investment in its South Carolina operations, expanding Plant Spartanburg and building Plant Woodruff to support electric vehicle (EV) production. (Source: BMW Group)
Norway has introduced a 235-vehicle battery-electric bus (ebus) fleet in Vestfold as carrier Tide Buss has started its 10-year operating contract valued at approximately €575 million (or $658 million). The fleet is composed primarily of Yutong ebuses. (Source: Sustainable Bus)
SK and KKR announced the signing of definitive agreements under which funds managed by KKR and SK will launch a renewable energy platform valued at KRW 2 trillion (~$1.3 billion) in Korea. The platform will bring together renewable energy assets (including solar) previously held by SK affiliates, which has approximately 1.7GW (gigawatts) of capacity currently in operation and a development pipeline that will bring the total capacity to 10GW. (Source: SK & KKR)
The CATL Jianxiawo lithium mine in Yichun, Jiangxi, has obtained a safety production permit and resumed production. The mine has an annual lithium carbonate capacity of about 100,000 tons. (Source: CnEVPost)
Vena Energy (renewable and clean energy arm of Vena Group) has secured approximately $966 million in financing across two transactions to support its solar and battery energy storage portfolio in Australia. The funding covers 294MWp of operational solar capacity, 320MWp of solar capacity under construction, 1,574MWh of battery storage under construction and 150MWh of operational battery energy storage system. (Source: Vena Group)
Hitachi Energy has broken ground on its $457 million expansion of its South Boston, VA facility for the production of large power transformers. (Source: Hitachi Energy)
Envision Energy and Elements Green have partnered to develop the 400MW/1,600MWh (megawatt-hour) Stadorf battery energy storage system (BESS) project in Germany. The project will be built on Envision's Gen 8 BESS platform. (Source: Envision Energy)
NHOA Energy has received notice to proceed from Neoen for the 215MW/963MWh Culcairn Battery project in Australia. The energy storage project will be delivered under an EPC contract with a JV between Equans Solar & Storage and Bouygues Construction Australia. (Source: NHOA Energy)
Taliva Energy has signed an agreement with Jinko ESS to deploy 400MWh of BESS across 19 utility scale projects in Europe, with a focus on Romania. (Source: Taliva Energy)
Wärtsilä announced its 150MW/300MWh BESS provided to owner and operator Revera Energy in South Australia has commenced operation. (Source: Wärtsilä)
Alsym Energy and ERITY have signed a 9GWh partnership to deploy sodium-ion batteries across the mining sector. (Source: Alsym)
StarCharge has signed energy storage agreements totaling nearly 3.5GWh with AGE Energy and VBG to deploy its ESS and turnkey solutions in markets including Latvia and Moldova. (Source: StarCharge)
Bloom Energy and Brookfield have expanded their partnership, with Brookfield increasing its financing framework for AI infrastructure power projects to $25 billion (from $5 billion) to support the Bloom's fuel cell platform that is utilized among hyperscalers and AI infrastructure developers. (Source: Bloom Energy)
Siemens is investing €300 million ($343 million) to expand production of electrical technologies that support energy transition and AI data centers. The investment will expand manufacturing capacity in Germany, including a supplier facility in Offenbach and upgrades to plants in Frankfurt. (Source: Siemens)
Wärtsilä has secured a €292 million ($334 million) order from Liberty Energy to supply engines for a U.S. power plant supporting data center development. Equipment deliveries scheduled from 2029 through 2030. (Source: Wärtsilä)
DTEK and Octopus Energy Group have formed a JV to support financing for Project RISE, a €100 million ($114 million) initiative to expand rooftop solar and battery storage across Ukraine. (Source: DTEK)
QuantumScape (solid-state lithium-metal battery company) announced a joint research agreement with Honda R&D. (Source: QuantumScape)
EVelution Energy has started construction on the 28MW solar facility that will power its planned cobalt processing plant in Arizona with commercial operations expected by the end of 2029. (Source: Evolution Energy)
Siemens Energy will supply power generation technology and 20-year service agreements for the Misfah and Duqm IPP projects in Oman. The combined cycle power plants will provide nearly 2.6GW of capacity. (Source: Siemens)
Sicona Battery Technologies has secured $45 million in Australian Renewable Energy Agency funding to build its silicon-carbon battery anode facility in the Illawarra region, which will produce up to 230 tonnes of SiCx® anode material annually. (Source: Sicona)
PowerBank has been awarded a U.S. federal contract to build a solar array, EV chargers, and related infrastructure at the Armed Forces Reserve Center in New York. (Source: PowerBank)
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