Energy Transition

Pune – October 05, 2026 -- The global lithium compound market is projected to grow from $9.82 billion in 2025 to $39.74 billion by 2034, a 16.8% compound annual growth rate, according to new analysis from Maximize Market Research.

Battery demand drives roughly 80% of global lithium consumption

Global lithium production reached approximately 130,000 tons in 2025 against consumption of around 134,000 tons, underscoring tight supply-demand balance. Lithium carbonate and lithium hydroxide dominate battery-grade applications, while lithium chloride, lithium bromide, lithium metal and butyllithium serve glass, ceramics, lubricants, metallurgy, air treatment and pharmaceutical markets. Stationary battery storage demand is growing at an estimated 40% annually, adding a new layer of consumption beyond electric vehicle batteries.

Singapore – October 05, 2026 -- Seatrium Limited has secured its ninth Floating Storage Regasification Unit (FSRU) conversion contract from Karpowership, extending a partnership that began in 2018.

LNGT Akdeniz will deliver 600 MMscfd regasification capacity

The newly awarded vessel, LNGT Akdeniz, will convert an LNG carrier into an FSRU with a regasification capacity of up to 600 million standard cubic feet per day. Seatrium's scope covers engineering, conversion, integration, installation and commissioning of regasification equipment, with work scheduled to begin in the first quarter of 2027.

Los Angeles – October 01, 2026 -- Clean Power Alliance (CPA) will eliminate generation charges entirely from 8 a.m. to 4 p.m. for more than 4,000 Southern California households as part of a two-year pilot testing whether zero-cost daytime electricity shifts consumer behavior.

CPA zeroes out generation rates during an eight-hour daily window

Under the Time-Of-Use-SMART (TOU-SMART) pilot, participants will pay $0 per kilowatt-hour for generation during CPA's super-off-peak period, while on-peak charges from 4 p.m. to 9 p.m. remain elevated and overnight off-peak rates from 9 p.m. to 8 a.m. will rise slightly. CPA estimates customers could save hundreds of dollars annually by shifting activities like EV charging, laundry and HVAC use into daylight hours, with additional savings available to customers enrolled in CPA's EV SmartCharge program.

Pune, India – – October 01, 2026 -- The global dimethyl carbonate (DMC) market was valued at $1.18 billion in 2025 and is projected to reach $2.15 billion by 2034, expanding at a compound annual growth rate of 6.9% from 2026, according to a new analysis by Maximize Market Research.

Battery electrolyte demand for DMC outpaces the broader chemical market

The battery electrolyte application segment is forecast to grow at an 8.32% CAGR through 2031, faster than the overall DMC market. Global electric car sales exceeded 17 million units in 2024, while EV battery demand surpassed 950 GWh, up more than 25% from 2023. DMC is blended with other carbonate solvents in lithium-ion electrolyte formulations, and battery manufacturers increasingly require purity levels above 99.9%, tightening specifications on moisture control, impurity management and batch consistency.

Washington, D.C. – September 30, 2026 -- E2, a nonpartisan business organization for climate and clean energy policy, has merged operations with Cleantech Leaders Roundtable (CTLR), folding CTLR's executive network into E2's base of more than 13,000 business leaders nationwide.

CTLR becomes an E2 program while keeping its brand and leadership team

Under the agreement, CTLR retains its name and identity but operates as a program of E2, gaining access to E2's national and state policy, advocacy, and communications resources. CTLR CEO Ann Davlin and other CTLR staff are joining the E2 team. The deal lands as CTLR approaches its 10th anniversary in 2027.

Boston – September 30, 2026 -- ArcLight Capital Partners has completed the acquisition of a 50% stake in IATP, a 5.4 GW power portfolio spanning 11 infrastructure assets across North America, with Invenergy retaining the remaining 50% ownership and continuing to operate the platform.

Portfolio combines contracted revenue with dispatchable generation for AI-driven demand

IATP pairs a substantial base of existing contracted revenue with near-term recontracting opportunities and potential expansion projects, targeting electricity demand growth from AI, data centers and broader economic electrification. The portfolio includes four combined-cycle facilities: Grays Harbor Energy Center in Washington, Nelson Energy Center in Illinois, Lackawanna Energy Center in Pennsylvania, and St. Clair Energy Centre in Ontario.

Munich – – September 30, 2026 -- Germany's day-ahead power prices spiked to around €210/MWh during summer heatwaves this year, levels typically seen only in winter, according to LSEG data cited by Reuters, even as the same market recorded 573 hours of negative wholesale prices in 2025.

Heat and oversupply pushed Europe's power market to opposite extremes within hours

Rising cooling demand collided with reduced nuclear output caused by high river temperatures and low water levels, while weak wind conditions and lower thermal efficiency tightened supply further. Hours later, the same grids faced the reverse problem: too much electricity. The International Energy Agency found negative-price hours accounted for roughly 6% of the year in 2025 across Germany, France, Spain and the Netherlands.

Singapore – – September 30, 2026 -- Kenon Holdings Ltd. has agreed to acquire a 25% equity interest in Vicinity District Energy for approximately $450 million, as part of a broader transaction valuing the company at $2.92 billion.

Antin Infrastructure Partners exits majority stake in $2.92 billion deal

The current owner, an entity related to Antin Infrastructure Partners, is selling a majority interest in Vicinity to a buyer jointly owned by Kenon and funds managed by Harrison Street Asset Management (HSAM). Under the Equity Purchase Agreement, the buyer will acquire between approximately 60% and 100% of Vicinity Holding Company. A consortium of lenders has committed non-recourse debt financing of up to $1.4 billion to fund part of the purchase price and future growth capital expenditures.

London – – September 30, 2026 -- RBC Capital Markets has been awarded General Clearing Member (GCM) status by European Commodity Clearing AG (ECC), enabling the bank to clear and settle transactions on behalf of Non-Clearing Members across Europe's energy and commodity markets.

RBC gains authorization to clear power, gas and carbon products via EEX

As a General Clearing Member, RBC Capital Markets can now offer a full suite of clearing services covering power and gas futures and spot contracts, European Energy Exchange (EEX) carbon auctions, and a broader range of products across the wider EEX platform.

The status extends the bank's clearing reach to clients that include some of Europe's largest energy producers, utilities and financial institutions, according to the company.

London – September 30, 2026 -- Kinetics has acquired the LNG carrier Arctic Voyager for conversion into a Floating Storage and Regasification Unit (FSRU) named LNGT Akdeniz, expanding its floating LNG infrastructure fleet.

Converted vessel will deliver 650 mmscfd regasification capacity

The multi-spec FSRU will have storage capacity of approximately 143,000 cbm and a regasification flow rate of 650 mmscfd, built on Moss-type cargo tanks with an expected economic life of 20 years. Delivery of the converted unit is scheduled for the third quarter of 2028.