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Investments & Funding
Investments & Funding

Coatue and NVIDIA lead USD 505 million funding for Firmus APAC AI infrastructure

Firmus, an Asia-based AI infrastructure provider, has secured a USD 505 million strategic investment led by Coatue with participation from NVIDIA. The capital injection will accelerate the deployment of energy-efficient AI factories across the Asia-Pacific region, specifically supporting Project Southgate, a national network of high-density compute facilities in Australia.

7 days ago • Australia
Oil & Gas
Oil & Gas

JGC-Hyundai joint venture selected as EPC contractor for Papua LNG plant

JGC Corporation and Hyundai E&C have been selected as the EPC contractor for TotalEnergies' Papua LNG Project, a 4 million tonne-per-year low-carbon facility in Port Moresby. The plant will use electric drive technology to reduce emissions, with final award subject to project FID scheduled in 2026.

2 weeks ago • Papua New Guinea
Navy
Navy

AML3D secures $2.6 million contract for US Navy submarine components

AML3D has received an order from BlueForge Alliance to 3D metal print five replacement components for US Navy submarines, with the contract valued at approximately AU$2.61 million. The components, printed using Nickel-Aluminum-Bronze alloy qualified to US Navy standards, address supply chain gaps for parts no longer available from original manufacturers.

3 weeks ago • Australia
Renewable Energy
Renewable Energy

Transgrid to procure system strength services from nine NSW battery projects

Transgrid has shortlisted nine battery projects to provide system strength services to the New South Wales transmission network, with services expected from mid-2026. The procurement targets up to 2GW of grid-forming batteries, offering an additional revenue stream for battery owners while stabilising the grid at lower cost than traditional network upgrades.

3 weeks ago • Australia
Renewable Energy
Renewable Energy

European Energy establishes indigenous partnership for Victorian renewable projects

European Energy and the Yorta Yorta Nation Aboriginal Corporation have finalized a cooperation agreement for renewable energy development in northern Victoria. This partnership focuses on aligning utility-scale solar and wind projects with cultural heritage protection and community economic interests, addressing critical social license requirements for the Australian energy transition.

3 weeks ago • Australia
Renewable Energy
Renewable Energy

NSW launches AUD 900 million solar-battery project to strengthen grid reliability as coal capacity retires

New South Wales has begun construction of the AUD 900 million Blind Creek Solar Farm and Battery project near Bungendore, combining large-scale solar generation with grid storage. Backed by institutional investors, the development aims to support energy security, regional employment and the state’s transition away from ageing coal-fired power infrastructure.

1 month ago • Australia

Latest News

Energy & Power | 2 days ago

EBRD approves USD 65 million for Egypt’s solar-plus-storage infrastructure project

The European Bank for Reconstruction and Development has committed USD 65 million to finance a hybrid 200 MW solar plant and 120 MWh battery storage facility in Aswan, Egypt. This initiative, developed by HAU Energy, marks a critical step in stabilizing the national grid while advancing the country's transition toward a low-carbon energy infrastructure.

Just In
17:38 EBRD approves USD 65 million for Egypt’s solar-plus-storage infrastructure project 17:18 USACE awards $113.8 million contract to J.F. Brennan for invasive carp deterrents at Brandon road project 17:15 CoreMarine and Jumbo Offshore win contract for FLNG mooring installation in Argentina 17:13 NASA awards $76m data science contract to Development Seed for Marshall space flight center 17:37 L3Harris secures $150 million Space Force contract for ground system modernisation 17:24 Japan Airlines taps SES for multi-orbit satellite connectivity across long-haul fleet