Power Technology & Future Power Technology

Matrix Renewables has connected two new solar projects in Spain - Cruz de los Caminos and Piedra de la Sal - to the national grid. This brings its operational portfolio in Spain to 15 projects with a combined capacity of 691MW. Both plants, located in Cuenca, will supply power under a long-term PPA with Merck Group and support Spain’s ongoing renewable energy expansion.

Studsvik has completed its acquisition of Swedish SMR developer Kärnfull Next – a Studsvik company, expanding its role in the growing new nuclear market in Sweden and Europe. Kärnfull Next focuses on SMR site selection, project development and early permitting across the Nordic region, working with technology vendors and industrial partners. The deal strengthens Studsvik’s capabilities across the nuclear value chain as interest in new nuclear and SMR deployment continues to accelerate in Europe.

The copper and gold sectors are increasingly converging at the centre of the mining industry’s biggest challenges – electrification demand, geopolitical supply chains, declining ore grades and rising technical complexity. In this week’s episode of Energy Technology, we examine how the outlook for both sectors is evolving in conversations with GlobalData Plc mining analyst Gayathri Siripurapu and Vizsla Copper Corp. CEO Craig Parry, from the growing importance of porphyry copper-gold systems to the role of technology in the future of mining. Episodes go live on Tuesdays, 7AM EDT (12PM BST). Listen to Energy Technology: Industry Insights on Spotify, Apple Podcasts, Amazon, or wherever you get your podcasts.

Aternium, Inc. has selected Siemens Energy to support FEED work for a planned clean hydrogen facility in the US Mid-Atlantic, with Kiewit Engineering leading the pre-FEED phase. The project targets large-scale clean hydrogen production for hard-to-decarbonise industries, alongside potential extraction of heavy water (deuterium) for advanced industrial applications. The FEED study will focus on optimising and standardising the plant design to meet safety, environmental, and operational requirements ahead of execution. The initiative is part of Aternium’s broader strategy to develop a multi-plant hydrogen and heavy-water network across the region. ⚡ Stay updated with the latest power sector developments - follow MPS (Modern Power Systems) for daily news and insights.

Cadeler has installed the first fully commissioned monopile at Ørsted’s 2.9GW Hornsea 3 offshore wind farm, 120km off the UK’s Norfolk coast. The milestone marks early progress on one of the world’s largest offshore wind projects, which will eventually deliver power to over 3.3 million UK homes. Cadeler is responsible for transport and installation of 197 monopile foundations using multiple vessels, including Wind Ally and Wind Orca, as part of the large-scale construction campaign.

Wärtsilä has signed two equipment supply agreements with Origem Energia for 371MW of balancing power projects in Brazil. The projects include the Pilar and Pilar Nova plants (2028) and Manguaba I–V (2029), supported by 36 Wärtsilä 34SG engines. The projects were awarded through Brazil’s 2026 Reserve Capacity Auction and will provide flexible generation to support rising renewable integration. Wärtsilä says the plants will enhance grid reliability and energy system flexibility as part of Brazil’s energy transition.

ABB has committed $200M to expand medium‑voltage manufacturing in Europe, including a new $100M facility in Dalmine, Italy, to scale air‑insulated and SF6‑free switchgear and breakers. Additional capacity investments across Bulgaria, Finland, Germany, Norway and Poland will boost supply for utilities, industry and data centres, shorten lead times and accelerate the grid upgrades needed for electrification and renewables.

Mubadala Investment Company has committed $325m to the 2.9 GW Hornsea 3 offshore wind project in the UK, further expanding its global renewable energy portfolio. Mubadala is investing alongside a consortium led by Apollo-managed funds, including USS and La Caisse, following Apollo’s recent acquisition of a 50% stake in the project joint venture. Ørsted retains the remaining 50% stake and will continue leading development, construction and operations. The investment highlights continued international appetite for large-scale offshore wind infrastructure and reinforces the UK’s position as a key global offshore wind market.

US-based power generation company VoltaGrid has secured a $1bn strategic equity investment from funds managed by Blackstone Tactical Opportunities Fund LP and Halliburton Company to accelerate growth in behind-the-meter power solutions. The funding package includes a $775m primary capital raise alongside a $225m secondary purchase from existing shareholders. VoltaGrid will use the capital to expand its power generation platform serving data centres, microgrids and industrial customers amid rapidly rising electricity demand driven by AI and digital infrastructure growth. The company also announced the acquisition of Propell Energy Technology and its affiliates, adding manufacturing, engineering and technology integration capabilities to strengthen its end-to-end power generation offering. The combined platform is expected to support execution of VoltaGrid’s 7.5GW order book through 2030 while expanding manufacturing capacity in Texas with two new automated production facilities. The deal highlights growing investment into flexible, behind-the-meter power infrastructure as hyperscale computing and industrial electrification continue to reshape energy markets.

Ørsted and PGE Polska Grupa Energetyczna have begun offshore construction at Baltica 2 in the Polish Baltic Sea, with the first monopile foundations now installed. The 1.5GW project is expected to power about 2.5 million households and be commissioned by the end of 2027. Van Oord is carrying out the foundation campaign, which covers 111 monopiles in total, including 107 for turbines and 4 for offshore substations. Each monopile is roughly 100 metres long and weighs around 1,500 tonnes. The project sits about 40km off the Polish coast near Ustka and is being developed on a 50/50 basis by Ørsted and PGE, backed by a 25-year inflation-protected CfD with the Polish state.