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Renewable energy adoption accelerates globally, driven by economic advantages and national security needs. A Management Partners report indicates that declining costs and rapid deployment are key factors. Governments and businesses now view renewables as vital for economic strategy. Solar energy costs have plummeted to $43 per megawatt-hour (MWh) in 2024. This represents a significant decrease from over $350 per MWh in 2009. Wind power also demonstrates increased competitiveness, with prices around $44 per MWh. Renewables offer faster deployment times, crucial for rapidly expanding economies seeking energy independence. Renewable sources enhance national resilience by eliminating fuel dependency post-installation. This provides a stable, fuel-free energy supply. Policymakers are urged to establish stable, long-term regulatory frameworks. These frameworks will enable efficient grid access. The focus shifts from whether to adopt renewables to how quickly stakeholders can adapt strategies. The goal is to maximize opportunities within this critical energy transition.
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Emicool and Yellow Door Energy began operating solar power installations in Dubai, furthering the city's sustainability goals. The collaboration resulted in four solar plants, generating a total capacity of 1.2 MWp. Located at key sites across Dubai, the facilities are projected to produce 1.5 million kWh of clean electricity annually. This output will cut carbon emissions by an estimated 600 tons each year. This reduction equals the annual energy consumption of approximately 100 homes. The project uses a solar leasing model, allowing Emicool to avoid upfront capital expenditure while securing a reliable supply of renewable energy. The installations incorporate rooftop panels, parking area shades, and vertical facade systems. These solutions maximize energy capture in a dense urban environment. The initiative supports the Dubai Clean Energy Strategy 2050 and the UAE's net-zero emissions target by 2050. The project aims to position Dubai as a model for sustainable cooling infrastructure and renewable energy adoption in urban settings.
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Finnish startup Sofi Filtration received €900,000 from EIT RawMaterials to scale their ultrasound water filtration for mineral recovery. This funding through 'ERMA Booster' and 'Fast Track' will help develop pilot projects and expand internationally, focusing on market entry in Europe, Türkiye, and North America.
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A new study examines financial and policy approaches to expand energy access to communities facing significant electrification challenges. Published November 28, 2025, the report addresses barriers preventing reliable energy service in informal settlements and remote rural areas. Geographic isolation and limited financial viability often impede national grid expansion. Socioeconomic disparities and high connection costs further restrict energy access, even near existing infrastructure. The research analyzes diverse funding models implemented in Kenya, Rwanda, Uganda, South Africa, Eswatini, and Madagascar. These examples demonstrate strategies to overcome obstacles in underserved regions. The study highlights results-based financing (RBF) as a potentially effective mechanism. RBF incentivizes investment by linking payments to verified outcomes, such as new connections or improved service reliability. The authors emphasize the need for energy policies that acknowledge socioeconomic inequalities. They advocate for flexible and inclusive strategies within long-term energy access plans. These strategies should prioritize the specific needs of communities currently beyond the reach of conventional electrification efforts. The report suggests a shift towards decentralized solutions and community-based ownership models to ensure sustainable and equitable energy access.
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Energiequelle and Ingrid will deploy 200 MW of battery energy storage systems (BESS) across Germany. The partnership, announced November 27, 2025, assigns Energiequelle project development leadership. Ingrid will manage financing, operation, and asset optimization. Installations will target distribution networks requiring enhanced flexibility. The companies aim for most projects to be construction-ready by 2026. Ingrid's CEO, Axel Holmberg, stated the partnership advances the company's European expansion. Their goal is to optimize over 1 GW of flexible assets in Germany by 2030. Ingrid currently manages over 450 MW of battery storage, including Finland’s largest 70 MW facility. Energiequelle brings experience from developing and operating renewable energy sources since 1997, having built approximately 2,000 MW of power infrastructure. Battery storage implementation strengthens grid resilience and improves renewable energy integration. The collaboration supports Germany's climate neutrality goals. It intends to create long-term societal value by enhancing power system stability and supporting the energy transition. The systems will be strategically placed to provide maximum grid support.
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Survey of PR challenges among 314 Nordic startup and scaleup companies.
Read the reportStarting in 2028, the European Union will require energy storage systems exceeding 1 MW to possess grid-forming capabilities. The mandate, detailed in a recent technical report by ENTSO-E, aims to bolster grid stability. New and significantly renovated energy storage facilities must actively regulate voltage and frequency, mimicking synchronous generators. The report specifies technical requirements for these systems. Crucially, systems must maintain voltage stability during fluctuations. They also need a rapid response time of under 10 milliseconds. Synthetic inertia support is another key requirement. Compliance testing will ensure stable operation during grid disturbances. Energy storage project developers face a deadline between 2028 and 2029 for full implementation. Companies must proactively plan and upgrade systems to meet the new EU regulations. These changes will affect energy storage projects across all EU member states. The regulation ensures better grid resilience with increasing renewable energy penetration.
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By the close of 2025, the company intends to source 100% of its power and heating from renewable sources. This goal supports their Ambition Zero Carbon strategy, which focuses on expanding access to clean energy and decarbonizing healthcare. The company developed a scoring system, based on Climate Groups' RE100 criteria, to assess and ensure the quality of renewable energy sources. Power Purchase Agreements (PPAs) in Sweden, the UK, and the US will cover the majority of the company's electricity needs. A ten-year PPA with Statkraft will provide 200 GWh annually from three new Swedish wind farms. The company also invests in solar installations across 20 global sites. Biomethane serves as a sustainable heating source in the US, UK, China, and Ireland, reducing carbon emissions. Through initiatives like the Sustainable Markets Initiative (SMI) and the Energize program, the company collaborates with global partners. These partnerships accelerate the shift to carbon-neutral healthcare systems and facilitate large-scale renewable energy procurement for suppliers. The company's efforts demonstrate a commitment to environmental sustainability within its operations and across the broader healthcare ecosystem.
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Energy-intensive industries face pressure to cut carbon emissions. The CAPTUS project addresses this challenge by demonstrating technologies that convert captured carbon dioxide into liquid energy carriers. Launched by a consortium of 18 partners across eight EU countries, CAPTUS aims to develop cost-effective methods for decarbonizing sectors like steel, chemicals, and cement. These industries must reduce emissions while remaining globally competitive. The project focuses on three distinct processes. At a steel plant, a two-stage fermentation produces triglycerides. A chemical factory cultivates lipid-rich microalgae, followed by hydrothermal liquefaction into bio-oils. Finally, at a cement facility, electrokinetic reduction of CO2 generates formic acid. CAPTUS takes a holistic approach, considering safety, environmental impact, social factors, and business viability. Demonstrations will validate the technologies' functionality and efficiency. The project seeks to establish a pathway toward carbon neutrality for energy-intensive industries. By integrating renewable electricity and captured CO2, CAPTUS aims to create opportunities for wider industrial adoption of these processes. Further details are available on the project website.
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Clara Ricard is a founding partner at Transition, a European venture capital firm focused on early-stage climate technology startups, and previously led climate investments at Balderton Capital. Transition manages $124 million in assets and has raised $100 million towards its $160 million target fund.
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Scotland focuses on energy storage to support renewable energy expansion amid grid constraints. The nation aims to achieve net-zero emissions by 2035, requiring substantial energy storage capacity. A UK-wide target calls for 29 GW of new energy storage to stabilize the power grid. Scotland emphasizes long-duration energy storage (LDES) systems, capable of storing and releasing power for eight hours or more. These systems balance intermittent renewable sources like wind and solar power. Companies such as Norco Group and Mhor Energy contribute scalable battery solutions and flow batteries. These efforts address key energy storage challenges. Scottish universities and research centers advance energy storage through mobile battery projects and sodium-ion battery research. Scottish Enterprise provides crucial support to companies, fostering collaboration within Scotland's renewable energy sector. These initiatives aim to enhance grid stability and facilitate the integration of renewable energy sources.
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The U.S. energy storage sector confronts a pivotal moment driven by rising demand and grid modernization. Companies are re-evaluating battery production locations and exploring diverse storage technologies. Published November 13, 2025, the report highlights how global trade uncertainties and reliability demands are reshaping strategies. Tariffs and trade restrictions are increasing costs for imported battery components. This prompts companies to consider onshoring and nearshoring to secure supply chains. The shift aims to build a more resilient energy storage system within the United States. To bolster grid resilience, manufacturers are urged to investigate alternative technologies. Vanadium redox flow batteries and advanced lead-acid BESS are gaining attention. These options complement lithium-ion solutions and support renewable energy integration. A diversified energy storage portfolio can enhance grid stability and address future challenges. The analysis emphasizes the importance of a multi-faceted approach to meet evolving energy needs and ensure a robust energy infrastructure.
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Battery storage systems are essential for achieving carbon neutrality, according to EVN Bulgaria's Vice Chairman Kalina Trifonova. Speaking on November 7, 2025, Trifonova emphasized that integrating battery storage addresses the inherent variability of renewable energy sources like solar and wind power. These systems store surplus energy and release it when demand exceeds production, ensuring grid stability. Southeastern Europe, particularly Bulgaria, possesses the technical capabilities and EU support to become a regional battery storage hub. The region has received over €587 million in EU funding through the RESTORE program, incentivizing battery storage deployment. However, Trifonova cautioned that political and regulatory uncertainties could impact investment. EVN Bulgaria aims to optimize battery storage utilization and provide services that bolster an efficient energy market, maximizing revenue generation from these assets. The company views strategic deployment of battery technology as crucial for a reliable and decarbonized energy future within Bulgaria and the broader region.
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HiTHIUM will supply long-duration energy storage for Israeli projects. The agreement with El-Mor Renewable Energy aims to construct 1.5 GWh of storage by 2025. El-Mor, a major Israeli engineering, procurement, and construction (EPC) firm, will design and build battery energy storage systems (BESS). These systems will support Israel's expanding renewable energy sector. The RAMAT BEKA project is slated to be the region's largest. HiTHIUM's ∞Power 6.25MWh solution will be deployed. Israel is increasing renewable energy capacity to reduce reliance on fossil fuels. Large-scale energy storage is crucial for grid stability. It also enables better integration of solar power. El-Mor's chairman, Avi Elkayam, emphasized the partnership's importance for resilient energy systems. HiTHIUM's senior sales director, Steven Song, stated the project will stabilize the Israeli grid. The collaboration highlights HiTHIUM's expertise in energy storage engineering. The project supports Israel's transition to sustainable energy.
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Bloomberg Economics suggests prioritizing fossil fuels could marginally increase the U.S. GDP by 1% through 2050 compared to clean energy policies. However, if other countries maintain green initiatives, the global economy could contract by 0.2% relative to baseline projections. A Bloomberg Economics analysis projects that prioritizing fossil fuels over green energy initiatives could provide a marginal boost to the U.S. economy. The report, which models economic impacts through 2050, suggests that policies favoring fossil fuels—akin to those proposed by former President Donald Trump—could increase U.S. GDP by approximately 1% relative.
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Sultan Al Jaber, who is already Abu Dhabi's energy chief and CEO of Adnoc, has now also been appointed CEO of XRG, Adnoc's international investment unit. This move supports Adnoc's global expansion into gas and chemicals following increased sector acquisitions and follows the retirement of Khaled Salmeen, XRG's former chief operating officer.
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TL;DR: Caterpillar Inc. is planning to more than double its gas turbine production capacity, according to Bloomberg.com. This expansion aims to capitalize on increased demand for natural gas power generation, though specific earnings projections and detailed market analysis were not revealed.
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TL;DR: Bloomberg reported that the finance industry's adjustments relating to climate change will be a key focus in the near future. These evolving approaches within the financial sector will be highlighted in the days ahead. Bloomberg reports that the finance industry's evolving approach to climate change will be prominently showcased in the coming days.
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Electric aircraft manufacturer Beta Technologies debuted on the New York Stock Exchange with a $7.44 billion valuation and an initial offering price of $34 per share, raising $1.01 billion in its upsized IPO. CEO Kyle Clark stated that Beta, already in production and progressing through certification, expects certification for its eVTOL aircraft by late 2027 or early 2028.
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EU climate ministers are negotiating to finalize a 2040 climate target, with a central proposal of a 90% net greenhouse gas emissions reduction from 1990 levels. This target faces divisions among member states, like Italy and Poland who have concerns and the Netherlands and Spain who want more ambitious goals, over the impact on industries and the use of international carbon credits.
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SAEL Industries, an Indian renewable energy company, is pursuing an IPO to raise 45.75 billion rupees, consisting of new shares and Norfund selling existing shares. The company intends to use these funds to invest in its subsidiaries, SAEL Solar P5 and SAEL Solar P4, and to pay down its debt, while its contracted renewable energy capacity is 5,765.70 megawatts as of September 30.
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Electric aircraft manufacturer Beta Technologies raised $1.01 billion in its IPO, pricing 29.9 million shares at $34 each and surpassing its initial target. The IPO values the Vermont-based company at $7.44 billion, with trading set to begin on the New York Stock Exchange under the ticker symbol "BETA.".
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TL;DR: India is considering canceling renewable energy projects that make up around 20% of the country's total green power capacity due to insufficient client demand. These potential cancellations highlight existing difficulties in India's renewable energy sector. Bloomberg.com reports that India is considering canceling renewable energy projects representing approximately 20% of the nation's total green power capacity. These projects are reportedly struggling to attract sufficient client demand. The potential cancellations underscore existing challenges within India's renewable energy sector.
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The solar industry's growth is limited by manual operations, leading AI companies to automate "soft costs" like sales, marketing, and system design. This involves streamlining lead qualification, creating proposals, optimizing layouts, and monitoring projects to handle larger volumes and reduce costs.
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Controlled Thermal Resources (CTR) plans an IPO in 2026 to secure U.S. federal funding for its lithium projects, preceding it with the creation of American Critical Resources, a publicly traded entity holding CTR's mineral assets and some geothermal power generation. The success depends on CTR's unproven direct lithium extraction (DLE) technology to meet supply obligations with companies like General Motors and Stellantis.
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TL;DR: Ørsted will sell 50% ownership of the Hornsea 3 offshore wind farm in the UK to Apollo Global Management for around 39 billion Danish crowns, aiming to improve its financial standing amidst cost increases. Apollo will also fund half of the remaining construction, with Ørsted retaining the other 50% ownership.
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CBRE acquired Pearce Services from New Mountain Capital for $1.2 billion in cash, plus a possible $115 million earn-out, to bolster its Building Operations & Experience unit. CBRE expects Pearce Services to add more than $350 million in core EBITDA by 2026, focusing on high-growth telecom, energy, and EV charging infrastructure sectors.
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64 countries have submitted updated NDCs to the UN, a significant increase from the initial deadline, but nations responsible for 70% of global emissions, including the EU and US, are still outstanding. NDCs, in addition to being environmental commitments, are critical economic strategies that must be actionable, supported by public-private partnerships and designed to attract private capital for a low-carbon transition.
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Brazil started a three-week series of climate events to prepare for COP30, featuring speakers like Finance Minister Fernando Haddad and UNFCCC Executive Secretary Simon Stiell. The launch signals increased climate activity in Brazil, although specific details about the events are currently scarce.
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Alan Ohnsman's Forbes articles, often highlighted in the "Current Climate" newsletter, delve into cleantech and transportation advancements, encompassing AI energy use, geothermal progress, and affordable EVs/hydrogen. His work features Redwood Materials' battery expansion, Uber's EV incentives, Rivian's SUV launch, Waymo's European expansion, lithium extraction innovations, and a comparison of China's cleantech exports versus U.S. oil and gas.
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TL;DR: Forbes' Current Climate newsletter highlights AI's rising energy demands and strategies to make electric vehicles more affordable. Rivian's CEO, RJ Scaringe, also offers his perspective on China's competitive electric vehicle pricing. This week's Current Climate newsletter from Forbes addresses the escalating and potentially unsustainable energy consumption of artificial intelligence. The newsletter further explores strategies for enhancing the affordability of electric vehicles. Finally, Rivian CEO RJ Scaringe provides insights into China's competitive pricing advantage in the electric vehicle market.
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Beta Technologies completed its IPO, raising over $1 billion after pricing shares at $34 and offering 29.9 million shares. Oversubscribed by a factor of 20, the IPO values Beta Technologies between $7.44 billion and $7.6 billion. Electric aircraft manufacturer Beta Technologies Inc. has successfully completed its U.S. initial public offering, raising over $1 billion, according to Bloomberg.com. The IPO priced shares at $34, surpassing the initial range of $27 to $33, and the offering was upsized to 29.9 million shares. Investor demand significantly exceeded expectations, with the IPO reportedly oversubscribed.
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OPEC+ will increase oil production by 137,000 barrels per day in December 2025, then pause output hikes in early 2026, reversing previous production increases. Western sanctions on Russian oil producers Rosneft and Lukoil may limit Moscow's ability to expand oil production.
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The Bloomberg analysis argues both sides are wrong regarding renewable energy's economic impact in American energy policy. While environmental advocates argue renewables are cheapest due to declining costs, others like Energy Secretary Chris Wright claim renewables raise system costs due to reliability issues.
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Clean-tech stocks are experiencing a surprising resurgence, making them one of the most profitable investments this year. This rebound is occurring despite the Trump administration's dismantling of various U.S. government initiatives that supported renewable energy and electric vehicles. A recent Bloomberg report indicates a notable resurgence in clean-tech stocks, offering renewed optimism for investors in the green economy after a period of underperformance. The article emphasizes the surprising timing of this rebound, noting that green stocks have emerged as one of the year's most profitable investments, despite the Trump administration's.
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TL;DR: India plans to increase its incentive program for rare earth magnet production to over 70 billion rupees, roughly $788 million. This tripling of investment aims to bolster domestic manufacturing within the rare earth magnet industry, signaling its strategic importance to the country.
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TL;DR: Bitcoin mining in Texas offers flexible electricity demand, quickly consuming excess power to stabilize the electric grid and balance supply with demand. This capability supports the growth of renewable energy sources by providing a market for surplus generation, advancing a more robust energy infrastructure.
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Cecilia Zhao, a technology investor based in Stockholm at Kinnevik Capital, was included in the 2024 Forbes 30 Under 30 - Europe - Finance list. This recognition highlights her achievements in the finance sector. Cecilia Zhao, a technology-focused investor at Kinnevik Capital in Stockholm, has been recognized on the 2024 Forbes 30 Under 30 - Europe - Finance list.
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Zainab Bibi established the Pakistan Society for Green Energy in 2013 to create renewable energy solutions. Her organization successfully developed biofuel from waste tissue paper and introduced Camelina Sativa for biodiesel. Bibi was awarded the Queen's Young Leaders Award in 2016 for promoting environmental initiatives.
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Somphote Ahunai established Energy Absolute in 2006, focusing on renewable energy before expanding into electric vehicles, which included opening a battery gigafactory in 2021. Energy Absolute delivered 2,264 EVs in 2023 and has a charging station network. In 2023, Energy Absolute's shares declined and in June 2024, Ahunai sold some pledged shares.
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TL;DR: Consultancy Wood Mackenzie announced in a report that global oil demand is projected to peak in 2032, a two-year extension from their previous estimation. The updated forecast reflects a shift in expected peak oil demand. According to a report released Wednesday by consultancy Wood Mackenzie, global oil demand is now projected to peak in 2032. This revised forecast represents a two-year extension compared to their previous estimate.
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Copper prices hit an all-time high on the London Metal Exchange, reaching $11,200 per ton due to anticipated easing of US-China trade tensions along with existing mine-supply disruptions and tariff-related trade imbalances. With a year-to-date increase of over 25%, copper is poised for its best annual performance since 2017.
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TL;DR: Brazil plans to create funding agreements at COP30 to aid developing countries in adapting to climate change impacts. The COP30 president highlighted Brazil's focus on resolving the funding shortfall for countries susceptible to severe weather, signaling an active role in mobilizing financial aid for climate resilience.
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Wolfspeed reduced its first-quarter loss to 55 cents per share, an improvement from last year's 91 cents. The company faces weak demand, delayed automotive orders, growing competition, and has issued a conservative revenue forecast for the second quarter due to ongoing market softness, leading to a share decline.
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Mike Cannon-Brookes co-founded Atlassian with Scott Farquhar, launching the collaboration software firm with credit card financing and leading it as CEO. He invests in clean energy through Grok Ventures, acquiring Sun Cable in 2023, securing an AGL Energy stake in 2022, and committing with his wife to $1.5 billion in climate initiatives by 2030; he also holds a minority stake in the Utah Jazz since 2020.
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