Energy, Utilities & Environment

Belmont, W.Va. – September 07, 2026 -- Six separate objections have been filed in the Chapter 11 case of Omnis Pleasants, LLC, owner of the 1,278-megawatt Pleasants Power Station, ahead of a September 3 hearing before U.S. Bankruptcy Judge Karen B. Owens in Wilmington, Delaware.

Four objections come from Omnis and Quantum entities challenging lender protections

Omnis Fuel Technologies, LLC (doing business as Omnis Energy) and Quantum Pleasants, LLC filed four objections disputing whether obligations claimed by lenders TRAG LLC and RG Energy LLC are properly secured by Omnis Pleasants assets. The filings also challenge the proposed sale timetable and the retention of Herbert Smith Freehills Kramer (US) LLP as bankruptcy counsel, citing the firm's disclosed prior representation of TRAG and RG Energy. The debtor, lenders and HSF Kramer dispute these positions.

New York – September 07, 2026 -- S&P Global (NYSE: SPGI) has completed the divestiture of its geoscience and petroleum engineering software portfolio to SLB, the oilfield technology company operating in more than 100 countries. Financial terms of the deal, first announced in April 2026, were not disclosed, and S&P Global said the transaction is not expected to materially impact its financial results or those of its Energy division.

SLB absorbs upstream workflow tools while S&P Global retains data distribution rights

Under the agreement, S&P Global Energy will continue supplying its proprietary data through the divested geoscience and petroleum engineering workflow tools now owned by SLB. The arrangement creates a strategic alliance designed to keep customers accessing S&P Global's datasets within the same tools they use for daily upstream operations.

Chicago – September 07, 2026 -- Reactivate and The Obama Foundation have signed a multi-year agreement making the Foundation the anchor tenant for community solar projects across Illinois, a structure designed to let low-to-moderate income households and small businesses cut utility bills by up to 50%.

Obama Foundation anchors solar portfolio to unlock financing for local subscribers

Under the deal, the Foundation commits to purchasing a portion of solar output from projects developed, owned and operated by Reactivate, a move that stabilizes project economics and frees remaining capacity for subscription by residents and businesses through the Illinois Solar For All program or other regional community solar schemes.

Dubai, UAE – September 07, 2026 -- International Company Oil & Gas Services & General Trading L.L.C. (ICOGT) announced a new phase of international expansion targeting Brazil, North Africa and West Africa, restructuring its operations around four strategic business verticals.

ICOGT appoints Igor V. Soglayevas as CEO to lead expansion strategy

Igor V. Soglayevas, an international executive with experience in global business and strategic development, now leads the renewed strategy execution alongside the Board of Directors and the Group's senior leadership team.

Group prioritizes Latin America and Africa for energy and chemicals trade

The expansion focuses primarily on Brazil, North Africa and West Africa, positioning ICOGT across energy, fertilizers, specialty chemicals and gas infrastructure markets.

Boulder, Colo. – September 06, 2026 -- Ascend Analytics now optimizes more than 5.2 gigawatts (GW) of operating battery energy storage capacity through its SmartBidder platform, positioning the firm as the largest independent provider of bid optimization services to the U.S. storage market.

Portfolio spans three ISOs and over 30 customers

The operating fleet includes roughly 4 GW under management in ERCOT, 1 GW in CAISO and 200 megawatts (MW) in PJM, spread across more than 30 customers. Ascend crossed the 5 GW threshold in the second quarter of 2026 following the onboarding of storage assets for California Community Power, a Joint Power Agency, and San Diego Community Power, a Community Choice Aggregator.

Boulder, Colorado – September 06, 2026 -- Odyssey Energy Solutions has secured $74 million in new financing, combining $27 million in equity with $47 million in debt, to expand its platform financing distributed renewable energy projects across Africa, Asia, and Latin America.

New investors join round to fund solar and battery procurement infrastructure

The equity tranche drew new backers Broadscale Group, FMO, and Al Mada Ventures, alongside existing investors Union Square Ventures, Equal Ventures, Abstract Ventures, Twelve Below, FJ Labs, MCJ, and Transition Ventures. Debt financing came from British International Investment, BIO, the Facility for Energy Inclusion via Cygnum Capital, and the Energy Entrepreneurs Growth Fund via TripleJump.

Indianapolis – September 06, 2026 -- Calumet, Inc. (NASDAQ: CLMT) has slashed the remaining capital requirement for its Montana Renewables sustainable aviation fuel (SAF) expansion to $137 million, down from the $1.2 billion originally contemplated under a Phase 2 plan backed by the U.S. Department of Energy.

Capital spend drops as Calumet repurposes idle refinery equipment

The reduction comes from redeploying a hydrotreater, hydrogen plant and naphtha splitter from the adjacent Calumet Montana Refining (CMR) asphalt facility under a long-term lease, rather than building new capacity from scratch. The tied-in hydrotreater creates a dual-reactor system running in a lower-yield-loss "polishing" configuration instead of standard "cracking" service.

Caracas, Venezuela – September 06, 2026 -- The United States Departments of State and War have struck a deal with North American Blue Energy Partners (NABEP) that hands the company commercial rights to more than 65 billion barrels of P1 oil reserves in Venezuela, backed by nearly $100 billion in planned investment.

Washington secures a 35% equity stake and discounted crude access

Under the agreement, NABEP retains operating control of the venture while the U.S. government holds rights to a 35% stake in the company and preferential access to purchase 20% of its production at cost. President Donald J. Trump called it "the biggest oil deal in world history" in an announcement on Truth Social, framing it as a mechanism to bring lower fuel prices to American consumers and fiscal stability to Venezuela.

Paris – September 03, 2026 -- CHINT, a global provider of integrated power and energy solutions, presented a full portfolio of grid modernization technologies at CIGRE 2026 in Paris, targeting utilities grappling with surging electricity demand from AI infrastructure and data centers.

CHINT unveils 1,000 kV low-loss transformers and SF6-free switchgear for European grids

Under its Green Power Grid & High Voltage line, the company displayed 1,000 kV low-loss, low-noise oil-immersed power transformers and 750 kV natural ester oil-immersed transformers. It also showcased SF6-free medium- and high-voltage switchgear, including 24 kV, 145 kV and 420 kV gas-insulated switchgear (GIS), positioned as environmentally compliant alternatives amid tightening sustainability requirements across European power networks.

Abu Dhabi, UAE – September 03, 2026 -- ePointZero will acquire a 90% stake in Azura Power Holdings Limited, a pan-African independent power producer with 752 MW of operating capacity across Nigeria, Senegal and Mozambique.

ePointZero buys out Actis and Africa50 stakes via new acquisition vehicle

ePointZero has partnered with Amaya Capital, Azura Power's founding partner, to establish an acquisition vehicle through which it will take over the respective ownership stakes held by Actis and Africa50. Amaya Capital, which founded Azura Power in 2010, will retain a 10% minority interest. The deal remains subject to customary regulatory approvals and closing conditions.