Energy, Utilities & Environment

Lysaker – October 29, 2026 -- Aker BP reported third-quarter EBITDA of USD 3.4 billion and cash flow from operations of USD 2.4 billion, as higher sold volumes and strong realised prices lifted earnings.

Net profit reaches USD 986 million, aided by a USD 262 million impairment reversal

Net profit came in at USD 986 million, or USD 1.56 per share. The figure includes a positive after-tax effect of USD 262 million from an impairment reversal.

Net sold volumes were 396 mboepd, up five percent from the previous quarter. Net production was lower at 374 mboepd, which the company attributed to planned maintenance. Aker BP reiterated its full-year production guidance of 380-400 mboepd.

Aker BP holds leverage at 0.50 with USD 5.8 billion in available liquidity

The company described its financial position as robust. The board set a quarterly dividend of USD 0.6615 per share, payable on or about 12 November 2026.

SEOUL – – October 29, 2026 -- LG Energy Solution (KRX: 373220) has opened submissions for the Battery Innovation Contest 2026 (BIC 2026), inviting universities and research institutions worldwide to submit concept proposals between October 29 and December 6, 2026.

Proposals go through the company's online open innovation platform, BRIDGE. Priority goes to ideas that address key pain points in the battery industry and could accelerate technological advancement.

LG Energy Solution expands thematic research topics for the 2026 call

BIC 2026 keeps two tracks. Under the Thematic call, LG Energy Solution's product development departments define specific research topics. The company has significantly expanded the number of topics this year, covering materials, cells, battery management systems (BMS) and AI.

The Open-Topic call stays researcher-led and accepts original ideas across broad areas of battery technology.

MELBOURNE – October 29, 2026 -- Contemporary Amperex Technology Co., Limited (CATL) launched TENER+, a 9MWh ultra-high capacity energy storage system, at All Energy Australia 2026 and signed three memorandums of understanding with Hitachi Energy, EPEC Group and UNSW Sydney to speed up utility-scale battery delivery and grid connection in Australia.

TENER+ cuts container count by up to 40% and footprint by 12%

CATL says TENER+ reduces the number of containers needed by up to 40% and the project footprint by 12%, which targets developers facing land constraints. The system is designed for a 25-year lifespan and uses liquid cooling with protection for humid and coastal environments. Noise stays below 65 dBA at 1 metre.

Frankfurt – October 29, 2026 -- KfW IPEX-Bank has committed USD 300 million to a USD 1.5 billion untied loan for commodities trader Trafigura. The loan finances more than 150 TWh of natural gas deliveries to Germany over five years.

Nine-bank consortium backs facility with Euler Hermes guarantee

The financing is an untied financial loan (UFK) covered by a guarantee from German export credit insurer Euler Hermes. Nine banks participate. KfW IPEX-Bank acts as Facility Agent and as coordinator and agent for the export credit agency (ECA).

Trafigura to supply SEFE from its global gas portfolio

Trafigura will deliver the volumes to SEFE Securing Energy for Europe, drawing primarily on its global gas portfolio. The first delivery is scheduled for November 1, 2026.

The parties say the transaction is meant to offset declining gas supplies and to support supply security and the resilience of energy infrastructure in Germany and Europe.

SYDNEY – October 29, 2026 -- Envision delivered Sustainable Aviation Fuel certificate (SAFc) attributes corresponding to 10 tonnes of CO2 emissions reductions at Global Citizen NOW: Perth, the first international application of its SAFc solution.

Envision retires SAF attributes through a global registry

The reductions are linked to the actual production and use of sustainable aviation fuel (SAF). The associated attributes are recorded and retired through a leading global registry to ensure transparency and traceability. Envision served as Sustainability Partner of the event.

Camden – October 29, 2026 -- New Jersey American Water graduated 10 participants from the 2026 Water UP! cohort, bringing the total to 61 graduates since the workforce development program launched in 2021. The ceremony took place at the company's Camden headquarters, with families, community partners and employees attending.

Ten-week curriculum combines classroom work with field training

Participants spend 10 weeks in classroom instruction, professional development, field experiences and hands-on training. The curriculum covers financial literacy, customer service, leadership development, OSHA training and utility operations.

Graduate Mia Morales, a Hopeworks alumna, said the program taught her to change water meters and repair water main breaks, and gave her practice in networking, resume writing and delivering an elevator pitch.

PALM BEACH GARDENS – October 29, 2026 -- Palmdale Propane, a subsidiary of Florida fuel distributor Palmdale Oil, has acquired Affordable Gas, a locally owned propane provider based in Belle Glade, Florida. Financial terms of the transaction were not disclosed.

Affordable Gas delivers propane, supplies cylinder exchange and offers related services to residential, commercial and agricultural customers in Belle Glade and the surrounding Glades area.

Palmdale extends its commercial and residential propane footprint in South Florida

Palmdale CEO Lachlan Cheatham called the deal "a natural next step" that expands the company's commercial and residential propane presence in South Florida. He said Affordable Gas President Rolando Calvo and his team built the business on dependable service and close customer relationships across the Glades.

DETROIT – October 29, 2026 -- DTE Energy has put its 132-megawatt Fish Creek Solar Park near Sheridan, Michigan, into operation. The $268 million project was fully funded by customers who voluntarily participate in the utility's MIGreenPower program.

MIGreenPower customers fund the full $268 million build

DTE says the voluntary program adds generation capacity without raising costs for other customers. The park can produce enough energy to power approximately 30,000 homes.

Matt Paul, president and chief operating officer of DTE Electric, said new generation such as Fish Creek is part of how the utility keeps the lights on while holding bills as affordable as possible.

Munich/Tokyo – October 29, 2026 -- Proxima Fusion and Japan's Fujikura signed a memorandum of understanding to explore industrial-scale production of high-temperature superconductor (HTS) tape in Germany, anchored by planned demand of 60,000 kilometers from Proxima's own fusion projects. The MoU was signed in Tokyo in the presence of German Chancellor Friedrich Merz and Japanese Prime Minister Sanae Takaichi.

The production site is planned for Lower Saxony. The plant is meant to close a central gap in Europe's fusion supply chain, since HTS tape is currently made mostly outside Europe.

MADRID – October 29, 2026 -- Thirty industrial clusters across 11 European countries could displace more than €850 million per year in fuel spending by switching to geothermal heat, according to a new analysis from Project InnerSpace and Future Cleantech Architects (FCA). The conversion would also avoid 4.3 million tonnes of CO2 emissions annually, equivalent to the emissions from more than nine million barrels of oil consumed.

Clusters span 11 EU Member States, with 152 more candidates identified

The report, Unlocking Europe's Geothermal Industrial Heat Potential, covers geothermal potential in every EU country. The 30 priority clusters are located in Austria, Belgium, Bulgaria, France, Germany, Hungary, Italy, the Netherlands, Poland, Slovakia and Spain.

The authors describe the 30 as a starting point. A wider pool of 152 candidate clusters could follow.