Energy, Utilities & Environment

MONTREAL – – November 02, 2026 --

PSP Investments has completed the sale of FirstLight's U.S. operations, a portfolio of about 1.4 GW of installed capacity, to Hull Street Energy. It keeps the Canadian business, which now operates as Caelo Energy.

The buyer, Hull Street Energy, is a private equity firm focused on power infrastructure and energy transition investments. The sale includes the FirstLight brand. The U.S. assets span hydroelectric generation, energy storage and other clean energy in Massachusetts, Connecticut and Pennsylvania.

Caelo Energy operates 18 hydro plants totalling 202 MW in Quebec and Ontario

Caelo combines the legacy Hydromega and H2O Power portfolios. It has a development pipeline of nearly 1 GW of renewable energy and energy storage projects. FirstLight's Canada-based employees stay with the business.

BETHESDA – – November 02, 2026 -- Hull Street Energy (HSE), a U.S. power-focused investment firm, has completed its acquisition of FirstLight's U.S. platform from the Public Sector Pension Investment Board (PSP Investments), taking control of nearly 1,400 MW of clean generation in the Northeast.

Northfield Mountain anchors the portfolio at 1,168 MW

The largest asset is Northfield Mountain, a 1,168 MW pumped storage hydro project in Massachusetts. The source describes it as the largest energy storage facility in New England.

The portfolio also includes 14 hydroelectric stations across Connecticut, Massachusetts and Pennsylvania, plus three operational solar and battery facilities in the Northeast. The parties did not disclose financial terms.

FAIRMONT – – November 02, 2026 -- Potomac Edison, a FirstEnergy Corp. (NYSE: FE) unit, has asked the State Corporation Commission of Virginia to approve a rebuild of about 29 miles of 138 kV transmission lines, with an in-service date of December 2030 for the Virginia portion.

The Gore-Doubs-Goose Creek Improvements Project covers lines running through West Virginia, Maryland and Virginia. The Virginia work spans Frederick, Clarke and Loudoun counties. Potomac Edison filed the Virginia application on Oct. 30, 2026. Construction is planned to start in 2028, pending approvals.

Two new 138 kV lines to link Stonewall and Woodside substations

The project includes two new 138 kV lines between the existing Stonewall Substation and the proposed Woodside Substation in Frederick County. Almost all of the work will sit within existing power line routes, which the company says limits environmental and community effects.

HOUSTON – November 02, 2026 -- Motiva Enterprises LLC appointed Terry Rogers as Executive Vice President, Human Resources, effective November 1, 2026, adding him to the Executive Leadership Team of the refiner that operates North America's largest refinery.

Rogers takes charge of workforce functions and board-level talent oversight

Rogers will lead Motiva's workforce and human resources functions. He will also serve as Secretary to the Board's Talent and Compensation Committee and advise the Board on talent and culture matters.

Internal promotion follows seven years of rising roles at Motiva

Rogers joined Motiva in 2019 and has more than two decades of human resources and labor relations experience in the energy industry. His most recent position was Director of Human Resources, Industrial Relations and Technical Learning, where he led labor relations strategy, technical workforce development and key enterprise initiatives.

SEOUL – November 02, 2026 -- LG Energy Solution posted third-quarter 2026 consolidated revenue of KRW 9.6 trillion, up 27.6% quarter-on-quarter, with operating profit of KRW 756 billion and an operating margin of 7.8%. Revenue includes a North America production incentive of KRW 416.9 billion, reflecting volume growth led by higher ESS shipments in the region.

Growth came from sharply higher ESS shipments, increased EV pouch-type battery shipments led by high-voltage mid-nickel products, and steady supply of 21- and 46-Series cylindrical batteries for EVs. Operating profit benefited from better plant utilization in Europe, rising cylindrical volumes, and a lower fixed-cost burden as North American ESS capacity gradually stabilized.

SACRAMENTO – November 02, 2026 -- Consumer Watchdog accused PG&E of using a threatened $2 billion delay in 2027 infrastructure investments, including electricity connections for 25,000 customers, as pressure on California lawmakers to weaken wildfire liability laws.

The advocacy group said the utility announced the cuts immediately after the Legislature declined to grant additional wildfire liability limits. PG&E is blaming lawmakers for its financing problems and warning that housing developments, renewable energy projects and other customers face delays.

Loveland – November 03, 2026 -- ATS Energy, maker of a Solid-State Generator that converts industrial thermal energy directly into electricity without moving parts, has appointed former Shell executive Ed Ganja as Chief Technology Officer and board member, and added Mike Kleinberg and Brandon Beehler to its Board of Directors.

The appointments follow the company's recently announced financing round. ATS is moving from technology validation to repeatable manufacturing and commercial deployment across multiple industrial markets. The source does not disclose the size of the round.

Eunice, New Mexico – November 03, 2026 -- Urenco USA has completed its first product cylinder of low-enriched uranium plus (LEU+), the first commercial production of the fuel in the Western world. The 5-10% U-235 product is aimed at existing light water reactors and at advanced reactor designs that need higher enrichment levels.

NRC authorization in September 2025 cleared the plant to enrich up to 10% U-235

The U.S. Nuclear Regulatory Commission authorized Urenco USA in September 2025 to enrich uranium up to 10% U-235. That made it the first commercial enricher able to produce LEU+. All of the plant's gas centrifuge cascades are licensed for LEU+, so the company can adjust output to customer requirements.

Akron – November 03, 2026 -- FirstEnergy Corp. (NYSE: FE) has named Don Rettig Vice President and FirstEnergy Foundation President, putting him in charge of a charitable program that has distributed nearly $6.5 million across the company's operational area so far in 2026.

Rettig will lead the Foundation's philanthropic strategy and oversee its charitable investments. He will report to Wade Smith, President of FirstEnergy Utilities. Smith said Rettig understands community needs, builds relationships and is disciplined about where resources are focused.

Foundation narrows 2026 giving to four priorities and lifts hunger and shelter funding

Since 2001, the FirstEnergy Foundation has donated nearly $140 million to nonprofits across the company's operational area. In 2026 it narrowed its focus to housing stability, hunger relief, workforce development and STEM education.

The narrower focus has increased funding in several areas:

London – November 03, 2026 -- Contemporary Nebula Technology Energy Co., Ltd. (CNTE), an energy storage integrator backed by CATL, has been added to BloombergNEF's Q4 2026 Tier 1 Energy Storage Manufacturers List. The company reports more than 10 GWh shipped across 2,600+ projects worldwide.

BloombergNEF bases Tier 1 status on verified deployment records

The classification rests on manufacturers' commercial project deployment records, including project scale, independent customer relationships and verified project experience. As project bankability and delivery capabilities carry more weight, developers, investors and industry stakeholders use the list as a reference.

CNTE builds complete systems from CATL LFP cells with 12 GWh of capacity

CNTE was founded in 2019 by Huang Shilin, a CATL co-founder, with investment from CATL. It integrates CATL LFP cells into complete systems in-house and has 12 GWh of production capacity.