Good Morning, here is this week's overview
Trends in Renewables
🏛️ Energy security concerns will drive investment
The Rundown: Recent instability in the Middle East has pushed oil prices higher and exposed how fragile parts of the global energy system still are. Chokepoints like the Strait of Hormuz, handling roughly 20% of global oil, show how concentrated supply remains.
In response, companies and governments will likely be putting more focus on energy independence. Investment is picking up across wind, solar, storage, and grid infrastructure as a way to reduce exposure to price swings and supply disruptions. At the same time, renewable costs continue to come down as more capacity is built, while fossil fuels remain tied to volatile global markets.
As gas prices rise, the direction is getting clearer: capital should be moving toward energy systems that offer more stable costs and fewer external risks.
👉 Read the full article: Energy Sovereignty: How the Middle East Turmoil is Accelerating the Solar Transition
Power Moves
🤝 M&A
Boralex Ceo Patrick Decostre
🌍 Boralex expands UK wind portfolio with 58 MW acquisition
Canadian renewable power company Boralex (TSE: BLX) has added 58 MW of onshore wind capacity in the UK through the acquisition of two projects: the 25 MW Upper Ogmore Wind Farm in South Wales and a 75% stake in the 34 MW Tom na Clach Extension in the Scottish Highlands. Upper Ogmore has secured a 20-year Contract for Difference and is expected to connect to the grid in 2029, while Tom na Clach Extension is targeting commercial operation around 2030.
☀️ Brookfield-backed Finlight and Atrato merge to build 2 GW distributed energy platform
Brookfield-backed solar and storage firms Finlight and Atrato Onsite Energy have merged to form a European distributed generation (DG) platform targeting over 2 GW of installed capacity by 2030. The combined business, operating under the Finlight brand, has 700 MW installed or in construction across more than 800 commercial and industrial sites, along with 23,000 residential systems across the UK, Spain, and Portugal. The company plans to invest over £2 billion to scale its behind-the-meter model, offering fully financed solar and battery systems with long-term power agreements to customers including Amazon, Nissan, and Tesco.
🔋 Cypress Creek acquires 2.45 GW Steel River solar and storage project
U.S. energy company Cypress Creek Renewables has agreed to acquire the Steel River solar and storage project in Arkansas from Swift Current Energy, adding one of the largest planned renewable developments in the country to its portfolio. The project includes 2.45 GW of solar capacity and 720 MW of battery storage, with total investment estimated at $4.5 billion and completion targeted for 2029. Once operational, Steel River is expected to be among the largest U.S. projects utilizing domestically manufactured solar panels and structural steel.
🚀 Tech Watch
Delfos Energy raises €3M to scale AI platform for energy operations
Barcelona-based energy AI company Delfos Energy has raised a €3 million Seed extension, bringing total funding to €10 million, to expand its “virtual engineer” platform across Europe ahead of a planned Series A. The company’s software uses AI for predictive maintenance and real-time performance monitoring across renewable and energy infrastructure, and is currently deployed across more than 1,000 energy sites in over 10 countries. Delfos plans to use the capital to deepen its presence in Europe, expand into adjacent sectors such as energy storage, and prepare for future growth, including potential entry into the U.S. market.
MGA Thermal raises AU$17M to scale industrial heat storage technology
Australia-based MGA Thermal has raised AU$17 million (US$12 million), bringing total funding to over AU$50 million, to accelerate commercial deployment of its long-duration thermal energy storage technology. The round includes new investor IP Group Australia alongside existing backer Main Sequence, with Shell also among prior investors. MGA’s system stores renewable energy as heat to deliver continuous industrial steam, targeting high-temperature applications such as manufacturing. The company plans to use the funding to scale manufacturing, expand its workforce, and advance commercial projects as it moves beyond pilot deployments.
Form Energy to deploy first iron-air battery project in Ireland
U.S.-based Form Energy has partnered with FuturEnergy Ireland to deploy a 10 MW / 1,000 MWh iron-air battery system in northwest Ireland, marking the company’s first international project. The multi-day storage system, capable of delivering power for up to 100 hours, is expected to come online in 2029 and will be used to demonstrate the role of long-duration storage in supporting grid reliability and renewable integration. The project reflects growing interest in multi-day storage as grids with high renewable penetration look for solutions beyond lithium-ion batteries.
