Energy Transition

Delray Beach – October 19, 2026 -- The global fuel gas system market for combined-cycle power plants will grow from USD 1,410.2 million in 2026 to USD 1,837.7 million by 2031, a compound annual growth rate (CAGR) of 5.4%, according to MarketsandMarkets. The market stood at USD 1,350.0 million in 2025.

Demand is driven by more complex natural gas supply streams, variations in gas composition and stricter fuel-quality requirements. These factors raise the importance of fuel gas conditioning systems in combined-cycle gas turbine (CCGT) applications. Expanding LNG-based supply chains and gas-to-power infrastructure add to adoption of systems that handle varying supply conditions.

Espoo – October 19, 2026 -- A 40,000 cubic metre underground hydrogen storage facility in Finnish crystalline bedrock would cost approximately EUR 30 million and take four to five years to deliver, including planning and permitting, according to a study by VTT Technical Research Centre of Finland and the Geological Survey of Finland GTK.

The Business Finland-funded HUG project is the first comprehensive assessment of hydrogen storage requirements under Finnish conditions. Nearly twenty companies active in Finland's hydrogen economy took part.

Kuala Lumpur – October 17, 2026 -- Founder Group Limited (NASDAQ: FGL) has secured a RM19.5 million (approximately US$5 million) engineering, procurement and construction contract for a 5.5MW solar facility under Malaysia's Large Scale Solar 5 (LSS5) programme.

A solar investment company awarded the contract. Founder Group will oversee design, construction, testing and commissioning of the plant.

Plant must reach commercial operation by May 1, 2027

The project carries a guaranteed Maximum Annual Available Capacity (MAAQ) of 13,568.8 megawatt-hours (MWh) for the first two years of operation. Commercial operation is scheduled for May 1, 2027.

CEO Lee Seng Chi said the company aims to achieve energization by early 2027 and cited its track record in utility-scale projects since LSS4.

Kuala Lumpur – October 17, 2026 -- Founder Group Limited (NASDAQ: FGL) has secured an engineering, procurement, construction and commissioning (EPCC) contract valued at RM34 million (about US$8.6 million) under Malaysia's Large Scale Solar 5 (LSS5) programme, lifting its total LSS5 contract value to about RM70 million (about US$17.7 million).

The company won the contract in collaboration with a solar investment company that the source does not name.

Founder Group will build a 9.5 MW facility due online by May 1, 2027

Under the newly signed contract, Founder Group will handle design, construction, testing and commissioning of the 9.5 MW solar facility. The company agreed earlier this month to build the facility under LSS5. Commercial operation is scheduled for no later than May 1, 2027.

Kuala Lumpur – October 17, 2026 -- Founder Energy Sdn Bhd, a subsidiary of Nasdaq-listed Founder Group Limited (FGL), has been engaged as subcontractor for a 29.99MWac large-scale solar photovoltaic facility in Daerah Kuala Muda, Kedah, in a deal valued at RM6.05 million (approximately US$1.5 million).

The award falls under Malaysia's Corporate Green Power Programme (CGPP), a national mechanism that lets corporates procure renewable energy directly from large-scale solar developers via the grid.

Founder Energy takes on procurement, installation and commissioning scope

Under the letter of award, Founder Energy covers procurement, electrical and mechanical installation, and commissioning of the facility. Major equipment is excluded and will be purchased directly by the main contractor.

Kuala Lumpur – – October 17, 2026 -- Nasdaq-listed Founder Group Limited (FGL) has completed the acquisition of a 19.90% equity interest in Nichcom Go Sdn. Bhd., the Malaysian charge point operator behind the SpacePlus EV charging brand. Financial terms were not disclosed in the announcement.

Malaysia's charger rollout trails its 2025 target by more than 3,500 units

The Ministry of Investment, Trade and Industry (MITI) reported 6,416 EV chargers installed nationwide as of May 31, 2026: 2,143 DC chargers and 4,273 AC chargers. That is short of the original 10,000-unit target set for 2025. The National Energy Transition Roadmap (NETR) now targets 30,000 public charging stations by 2030, roughly five times today's installed base.

United Kingdom – October 16, 2026 -- National Grid is advancing a portfolio of transmission projects that includes a seven-year, £1 billion programme to rewire South London through deep underground tunnels, begun in Spring 2020, and several 2 GW high voltage direct current (HVDC) links between Scotland and England.

Eastern Green Links add 2 GW corridors from Scotland to England

EGL1 is a 2 GW HVDC link between the Torness area in East Lothian, Scotland, and Hawthorn Pit in County Durham. EGL2, also rated at 2 GW, will run from Peterhead in Aberdeenshire to Drax in North Yorkshire. EGL3 and EGL4 are intended to raise network capability to connect new offshore wind farms.

National Grid Electricity Transmission is also developing Sea Link, a planned high voltage undersea connection between Suffolk and Kent. Separately, a project to strengthen the Scotland-England network would connect new energy sources in the Scottish Borders.

Great Falls, Va. – October 16, 2026 -- NTPC Limited, India's largest electric utility, has signed a 25-year power purchase agreement with Virginia-based 247Solar for the company's first commercial solar thermal project, a ~1MW hybrid plant at Rajasthan's Bhadla Solar Park.

NTPC Tests Round-the-Clock Solar Thermal as Coal Alternative

India's utilities have recently built coal capacity alongside solar and wind to cover the gap left by photovoltaic panels after sunset and in bad weather. NTPC will test whether 247Solar's system can close that gap and reduce its reliance on coal. Backers expect the utility to consider wider deployment across India if the project succeeds.

247Solar founder and CEO Bruce Anderson said the technology addresses intermittent solar and wind power and avoids spending more on costly coal plants. He added that NTPC conducted several years of due diligence before moving forward.

London – October 15, 2026 -- National Grid has asked Ofgem to approve 19 electricity transmission projects worth around £4.5 billion across England and Wales, filed under the RIIO-T3 load re-opener process.

Package combines £2.3bn from May with £2.2bn filed in October

The £4.5 billion total comprises £2.3 billion across six projects already submitted in the May re-opener, which are progressing through Ofgem's assessment. A further £2.2 billion is proposed in the October submission. Re-opener figures are in 2023/24 prices, in line with Ofgem's guidance for RIIO-T3 price control submissions.

Beijing – October 15, 2026 -- SANY Renewable Energy is raising the design life of its wind turbines from 20 to 25 years, a change it estimates will lift generation profit by 56-58% over the operating period and cut levelized cost of energy (LCOE) by 6-7%. The company announced the upgrade at China Wind Power 2026.

SANY starts the 25-year upgrade with its 915 platform

The longer lifecycle debuts on the 915 platform. SANY says key components are being engineered and fatigue-tested for the full 25-year span, and select 6.X-11.X MW models are already certified for extended life.

The company puts the project-level gain at a 0.8 percentage point uplift in internal rate of return (IRR). It framed the upgrade as a response to market-based electricity pricing and grid integration pressure.