Uniper SE said Tuesday it had sanctioned four new solar projects in Poland with a combined capacity of 219 megawatts peak (MWp). The Domanowo, Kłodawa, Krotoszyce and Pakosc projects are among five solar projects on which it made a positive final investment decision (FID) last month, the German power and gas utility said in a press release Tuesday. Uniper already announced a FID to proceed constructing its first solar project in Scotland on December 11, 2025. It said it expects the 45-MW Berryhill Solar Farm just north of Dundee to start construction “early 2026” and start operation later in the year. Berryhill’s output, from about 150,000 solar panels, would be enough “to power the equivalent of over 12,500 UK households each year, 1/5th the population of Angus – contributing to the UK’s net zero targets”, Uniper said. “The project has been developed jointly with partner Solar2 and Uniper plans to start the construction process as its sole owner”, the Düsseldorf-based company said last month. Uniper had announced two other UK solar projects in 2025: the Tamworth Solar Farm with a capacity of around 44.2 MWp and the 21.33-MWp Totmonslow Solar Farm. The two projects’ combined capacity can power about 23,300 homes a year, according to Uniper. Uniper aims to connect the projects to the grid in 2026, it said in a press release February 25, 2025. According to Tuesday’s statement, Uniper’s generation portfolio now has 568 MWp “in execution”. “Uniper’s investments in these solar projects are part of its strategic commitment to invest around EUR 8 billion [$9.31 billion] in growth and transformation projects by the early 2030s”, Uniper said Tuesday. “In addition to the five new projects, six further projects with a total capacity of up to 280 MWp are already in the construction phase”. Uniper targets a power generation capacity of

Monumental Energy Corp said Tuesday it had signed a definitive deal to help fund New Zealand Energy Corp’s (NZEC) planned increase of oil and gas production in the Taranaki basin onshore New Zealand. The agreement extends a partnership that already saw the restart of production in the nearby Copper Moki field in 2025. “The agreement will enable the company [Monumental] to participate in certain mutually agreed upon appraisal and development workover projects with NZEC to increase oil and gas production” in the Waihapa-Ngaere area, Vancouver, Canada-based Monumental said in an online statement. NZEC, a 50 percent owner in the relevant licenses, and Monumental must agree on the budget for each project, the statement said. “In consideration for Monumental funding NZEC’s share of any additional project, NZEC grants to Monumental a royalty applicable to such additional project effective upon satisfaction of all conditions precedent and commencement of production”, said Monumental, already a shareholder in NZEC. “In summary, the initial royalty will be payable in an amount equal to 75 percent of net receipts, on a quarterly basis, until such time as a sum equal to the costs that have been paid by Monumental has been paid back, and thereafter the final royalty will commence and will be payable by NZEC to Monumental in an amount equal to 25 percent of net receipts”, it said. The companies expect the first project under the funding agreement to start in the first quarter of 2026 subject to conditions including the receipt of regulatory approvals. On November 18, 2025, Monumental said it had completed a capital raise with gross proceeds of CAD 810,000 ($583,000) “to fund cost overruns on Copper Moki 1 oil and gas well, to fund the costs and expenses to formally enter into and fund additional workover projects with New Zealand Energy

China accounted for 54 percent of last year’s record global energy storage installations and looks set to maintain its dominant position in the sector beyond the decade despite policy headwinds, Wood Mackenzie said Tuesday. Worldwide energy storage installations in 2025 totaled 106 gigawatts (GW), up 43 percent from 2024. Global capacity now stands at about 270 GW, the Edinburgh, Scotland-based energy consultancy firm said in an insights piece on its website. “Energy storage has established itself as a critical component of the global energy transition”, WoodMac said.  By 2034 global energy storage capacity is expected to reach 1,545 GW, with China poised to contribute around half of additions in the 10-year period from 2025. “However, the Chinese market faces considerable challenges entering 2026-27”, it said. “The removal of mandatory renewable-storage coupling requirements and the absence of established revenue frameworks create substantial uncertainty”. Nonetheless the world’s second-biggest economy is growing renewable energy and storage to displace the more expensive gas power, WoodMac said earlier. “China’s battery costs have dropped by over 50 percent in the last three years while its 42 GW of grid-connected energy storage additions last year (excluding pumped hydro installations) were double that of gas power in 2024”, WoodMac wrote October 30, 2025. “Consequently, China’s gas power generation share of output has remained broadly flat in 2025 as energy storage eats into gas’s market share.  The global LNG industry should take note”. U.S. Growth WoodMac said Tuesday the United States energy storage market appears to also continue displaying resilience against a backdrop of policy reversals, with installations growing 53 percent year-on-year in 2025. “The passage of reconciliation legislation introduced supply chain restrictions for projects seeking federal tax credits, creating initial market uncertainty”, it said. “However, U.S. large-scale forecast actually increased following the bill’s passage, driven by announcements of domestic cell manufacturing

Venezuela’s state-owned oil company Petróleos de Venezuela SA (PDVSA) will turn over 30-50 million bbl of oil to the US to refine and sell, President Trump said late Jan. 6, just days after the US launched an airstrike in the oil-rich South American country and captured its leader, Nicolas Maduro. “I am pleased to announce that the Interim Authorities in Venezuela will be turning over between 30 and 50 MILLION Barrels of High Quality, Sanctioned Oil, to the United States of America,” Trump wrote on Truth Social. “This Oil will be sold at its Market Price, and that money will be controlled by me, as President of the United States of America, to ensure it is used to benefit the people of Venezuela and the United States!” Secretary of State Marco Rubio said Venezuela’s Interim President Delcy Rodriguez agreed to the deal because the country “can’t move oil because of US sanctions and the enforcement of those sanctions.” Speaking on Capitol Hill between classified briefings to Senate and House lawmakers, Rubio said the US would work with PDVSA to get the oil on the market “as quickly as possible.” Venezuela holds the world’s largest cache of untapped oil, with over 300 million bbl of proven reserves. Mismanagement, underinvestment and sanctions have limited production to roughly 1.1 million b/d from a peak of about 3.5-million b/d in the late 1990s, according to the US Energy Information Administration. China purchases a large share of Venezuela’s exported oil. Rubio said PDVSA asked the US to include the oil the US seized from Venezuela-linked tankers on Jan. 7 in the sales agreement. Department of Homeland Security (DHS) Secretary Kristi Noem announced the tanker seizures—the third and fourth such seizure by the US in the past month—with a post on X of a video of the

“When you think about it, it’s exceptionally good geology work and geophysics work. It’s ground-floor leasing of land. It’s drilling horizontal wells, completing horizontal wells and then building surface facilities,” Gaspar said of the blocking and tackling of Fervo’s work. “That kind of sounds familiar to what we do. Now, we don’t market electrons today. But hey, we’re smart enough to figure out how to partner, how to close that gap […] I think that really could be something that’s interesting when you look further out kind of into the next decade.” Expand’s Dell’Osso talks Western Haynesville advantage Executives of Expand Energy Corp., Oklahoma City, raised a few eyebrows last fall with the announcement that they had committed nearly $180 million to build a nearly 75,000-acre position in the Western Haynesville region. Nick Dell’Osso, the company’s president and chief executive officer, told Goldman attendees the move is part of the company’s view that the industry’s existing Haynesville operations won’t be able to meet expected demand growth. Asked about the Western Haynesville being potentially more expensive to develop—Expand is drilling its first well there now—because some of its zones are hotter and deeper than others in the region, Dell’Osso said he’s counting on Expand’s experience elsewhere with such zones as well as its ability to bring newer tools and technologies to the table. “There’s no question about it; it is higher-cost than some other areas,” Dell’Osso said. “But again, we have assets that are high-cost today and we’re able to drill those pretty attractively. In the NFZ [Northwest Louisiana], which is the higher-cost area on the Louisiana side, we sit at about $1,500 a foot for drill completion turn-in-line in aggregate. […] Our peers are significantly higher than that—20%, 25% higher than that in a lot of cases. We think we can

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