Operational Changes and Investments news (page 9)

6 May 2026

Ørsted Q1 2026: Strong operational performance

EBITDA DKK 9.5bn; offshore generation +27% y/y. First power from Revolution Wind; Sunrise Wind turbines installed; monopiles started at Hornsea 3/Baltica 2. FY EBITDA guidance > DKK28bn
5 May 2026

Iberdrola upgrades Valdecañas pumped storage, adding 355 MW and 210 GWh

Valdecañas pumped-storage started pumping, linking Alcántara and Valdecañas reservoirs into a gigabattery with a hybrid battery, aiding renewables integration, grid stability and flood control
5 May 2026

Heidelberg Materials commissions 1.25 Mt/yr Airvault kiln line to improve efficiency and reduce CO2

1.25 Mt/yr dry kiln replaces old lines; enables ~90% alternative fuels, reduces electricity ~10% and CO2 ~30%; €350M upgrade includes calcined-clay use and CCUS (1 Mt/yr).
5 May 2026

INEOS and Shell to jointly explore Appomattox-area oil and gas in Gulf of America

Acquire 21% interest in Appomattox-tieback assets; target Fort Sumter pre-FID, Sisco well, and another exploration well by 2030 to add production, control costs and share risk
5 May 2026

TA’ZIZ signs $28.5bn offtake and feedstock agreements to expand UAE chemicals ecosystem

Long-term offtake and feedstock deals worth $28.5bn secure global markets and local inputs for methanol, PVC, EDC/VCM, caustic soda, salt and gas, supporting 4.7 mtpa chemicals output by 2028
5 May 2026

Statkraft and SUNCATCHER to market three German solar‑battery projects

Agreement to market three hybrid solar+storage sites (34.5 MWp PV, 12 MW/24 MWh batteries) to be commissioned H2 2026; batteries solar‑charged; profit‑share model; runs to 2031.

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