Octopus Energy and CATL have created Swaptopus, a joint venture that will deploy battery-swapping stations for electric trucks across the UK and Europe by adapting technology already proven at scale in China.
The initiative introduces to the continent a system that has already achieved widespread adoption in China.
This method sidesteps the extended downtime that normally comes with recharging massive truck batteries.
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CVR Energy has agreed to buy Marathon Petroleum's St. Paul Park, Minnesota, and Mandan, North Dakota, refineries plus related marketing and midstream assets for about $4.2 billion plus working capital. The deal is expected to close by the end of 2026.
GE Vernova agreed to buy high-voltage grid equipment maker Trench Group from Triton Partners for $9.0 billion (about €8.0 billion), funded equally with cash and debt. The deal is expected to close in late 2027, subject to regulatory approvals.
The US Department of Energy closed a $5.1 billion loan to Alliant Energy for new natural gas plants, storage, and upgrades in Iowa and Wisconsin. The package will add more than 2.6 gigawatts of capacity and hundreds of construction jobs.
Amazon has signed an agreement with X-energy and American Electric Power to fund a nuclear plant in Indiana that would supply up to 960 megawatts. The project targets 12 advanced reactors and forms part of a broader plan to add more than 5 gigawatts of nuclear capacity by 2039.
Google has contracted for power from Constellation Energy, with new nuclear energy accounting for about a quarter of the supply. The 20-year deal will enable more than $4.3 billion in new investment and upgrades at 11 nuclear units in the PJM grid.
