ABB has signed an agreement to acquire the power electronics business of Gamesa Electric in Spain from Siemens Gamesa.

Ørsted has divested a 50% equity stake in three US onshore solar and battery projects to Energy Capital Partners (ECP), an investor in energy transition, for $572m.

The 10 biggest deals in the power sector in 2024, driven by the global energy transition, ranged from $159m to $1.5bn in value.

Westinghouse and Aecon have signed two agreements to develop and deploy advanced nuclear new-build projects in Canada and worldwide.

Prysmian has entered into a framework agreement with Réseau de Transport d’Électricité (RTE) for submarine power cable links.

The Sheringham Shoal and Dudgeon offshore wind farm extension projects in UK are set to be developed under a joint ownership structure.

The levelized cost of green hydrogen must come down to deliver large-scale decarbonisation for heavy industries ...

Canada has extended its target for a net zero electricity grid to 2050, following finalised Clean Electricity Regulations (CER).

Hydro One has been selected to develop a critical transmission line in northeast Ontario in partnership with First Nations.

The top power companies of 2024 have pushed boundaries in renewables, energy storage and grid modernisation throughout the year.

Commonwealth Fusion Systems (CFS) plans to build the world’s first grid-scale commercial fusion power plant, named ARC, in Virginia, US.

The EIB has committed €243m ($255m) to finance renewable energy projects by ERG Group, an operator in the wind and solar sectors.