Sunergise buys Infratec in New Zealand. Sunergise has signed an agreement to acquire Infratec New Zealand from WEL Networks, combining its commercial solar business with Infratec’s utility scale solar and battery storage delivery capability. No price was disclosed. WEL Networks is selling to focus on its core electricity network business, and the combined group will serve commercial, industrial and utility customers across New Zealand and the Pacific, where the two companies have jointly delivered five renewable plants since 2020 across Nauru, the Federated States of Micronesia, the Marshall Islands and Palau. Existing contracts continue uninterrupted, the companies said.
Noak raises 5 million euros of seed funding. The imec and Hasselt University spin off has raised 5 million euros (about $5.6 million) from the Helios Foundation, Nuhma and V2HFin to industrialise its perovskite silicon tandem cell technology at EnergyVille in Genk, Belgium, and to prepare gigawatt scale manufacturing partnerships. The company is working on outdoor stability, backed by five years of test data from more than 10 sites, and on a woven back contact foil design that removes front side metallisation.
Fusion hardware milestone at Culham. Engineers at the UK Atomic Energy Authority have manoeuvred a 12 tonne double beam box into position on the MAST Upgrade machine, a component that will double the machine’s neutral beam heating power from 4.4 megawatts to 8.8 megawatts and lift plasma temperatures toward 60 million degrees Celsius. The work feeds the STEP prototype fusion power plant programme. All major hardware is expected to be fitted by the end of autumn 2027, with experiments on the upgraded machine due to begin in 2028. No capital figure was attached to the milestone.
United States backed consortium proposes Pakistan LNG terminal. A United States backed consortium has proposed a $4.4 billion LNG terminal in Pakistan, OilPrice.com reported on November 2. It is a proposal, not a financed project: no lender group, offtake or government approval has been announced, and it is recorded here as an early signal of export credit and strategic capital circling Pakistani gas import infrastructure.
Emaar studies construction arm buyout. Emaar is studying a buyout of its construction arm in a transaction reported to involve a business valued at about $14 billion, Bloomberg reported on November 3, citing people familiar with the matter. The deliberations are at the study stage, no terms have been announced, and the item is carried as reported, not confirmed.
Mitsubishi Electric targets North American grid business. Mitsubishi Electric is seeking to expand its North American grid equipment foothold, Utility Dive reported on November 2. No investment figure was disclosed; the item is noted because grid equipment capacity, like storage, is one of the supply chains where utilities are now competing for manufacturing slots.