Latest news with #energyinvestment
News24
8 hours ago
- Business
- News24
R440bn ITP initiative: Minister says transmission reforms to spark more investment and job creation
Kgosientsho Ramokgopa announces R440 billion investment programme to support renewables and economic development. Eskom says the ITP launch is a milestone for private sector energy investment and a low-carbon transition. Local ownership, skills training and inclusive participation are central to the ITP framework. Electricity and Energy Minister Kgosientsho Ramokgopa says the independent transmission projects (ITP) initiative is not only a solution to SA's power constraints, but also a foundation for broader economic transformation, including job creation, localisation and industrialisation. Speaking at the JSE on Thursday, Ramokgopa formally announced the request for qualification (RFQ) for private sector participation in new transmission projects, describing the ITP as the largest infrastructure build programme initiated by the post-apartheid government. 'A significant part of the R440 billion investment over the next ten years will come from the private sector.' We've created a procurement framework that invites them to build, operate and later transfer the transmission lines back to the state via the National Transmission Company SA [NTCSA]. Kgosientsho Ramokgopa The minister emphasised that these efforts are intended to not only improve grid access for renewable energy but also promote inclusive growth. The ITP programme aims to support the launch of solar and wind energy projects, which often struggle to feed electricity into the grid due to limited transmission capacity. 'We're addressing more than just megawatts. We're resolving issues of access, affordability and economic participation,' said Ramokgopa, noting that around 1.6 million households remain without electricity. 'We require that 49% of any winning bidder's ownership be SA-based, and there are expectations around local content, skills development, and inclusion of women and youth.' The minister said energy access in rural and peri-urban areas would be improved through the programme, while also stimulating industrial development. He added that energy constraints have limited SA's economic performance, but the reforms under the ITP could help unlock growth as envisioned in the National Development Plan. 'The economy has been held back by load shedding. We want to make energy a catalyst for economic recovery.' This transmission plan supports decarbonisation while maintaining base load generation from coal and nuclear. It's a balanced approach to ensure reliability and sustainability. Kgosientsho Ramokgopa Eskom has welcomed the milestone. In a statement on Thursday, group CEO Dan Marokane described the RFQ launch as 'a significant milestone' that sets the stage for greater competition and helps shift the country's energy mix towards lower-carbon sources. 'A significant milestone has been reached today to realise the delivery of new transmission infrastructure that will deliver greater competition and facilitate the transition from high carbon to low carbon sources of energy to drive economic growth to the benefit of all citizens, thanks to the leadership of the minister and the director-general of the National Treasury,' Marokane said. He added that the framework developed under the ITP process provided clarity and predictability for private investors: 'The clear, transparent policy framework is designed to crowd in large-scale private sector funding by providing the safeguards required, including predictability and governance, that enable developers to seamlessly start due diligence to bid competitively.' Eskom, through its subsidiary NTCSA, has been preparing seven projects for procurement under phase one of the ITP. These projects go beyond the Cape regions and are expected to be ready for implementation by next year. The NTCSA has worked closely with the ministries of electricity and energy and the Treasury on aspects such as strategic oversight, procurement and regulatory matters. 'We are comfortable that the NTCSA will continue with these projects to ensure that they are ready for the ITPs to construct after the procurement process is completed,' said the utility. Ramokgopa added that the RFQ issued this week marks the first stage, with a request for proposals to follow, paving the way for construction to begin within the next two years. This isn't just about transmission lines and substations; it's about tackling economic challenges head-on and creating new growth opportunities.
Zawya
24-07-2025
- Business
- Zawya
Shell invests in Mina West gas discovery in Egypt's Mediterranean
Arab Finance: BG International Limited, an affiliate of Shell plc, has announced a final investment decision (FID) to develop the Mina West gas discovery in Egypt's Mediterranean Sea, according to a press release. The planned investment in Mina West contributes to increasing Shell's combined integrated gas and upstream total production by 1% annually to 2030. It is also expected to generate an internal rate of return (IRR) in excess of the hurdle rate for Shell's integrated gas business. In collaboration with the Egyptian Natural Gas Holding Company (EGAS), Shell (60%) will operate the field alongside Kufpec (Egypt) Limited (40%). Dalia Elgabry, Vice President and Country Chair of Shell Egypt, commented: 'Investing in new production at Mina West expands our industry-leading integrated gas business and supports delivery of secure, reliable energy to Egypt's domestic market in-line with our strategy to create more value with less emissions.' Discovered in October 2023, the Mina West gas field will be developed as a subsea tie-back to the existing infrastructure of West Delta Deep Marine (WDDM). It will support the delivery of reliable energy to Egypt's domestic gas market. The development of Mina West aligns with Egypt's vision to become a regional energy hub, reflecting a commitment to energy cooperation and strategic investment across the region. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Bloomberg
24-07-2025
- Business
- Bloomberg
ArcLight Betting About $5 Billion on New Gas-Fired Power Plants
ArcLight Capital Partners acquired electricity developer Advanced Power with a plan to build 20 gigawatts of natural gas-fired plants in the US mainly to feed power-hungry data centers. It says it may invest about $5 billion over the next 5 years. ArcLight said the plants — capable of producing enough energy to power 16 million homes — can be brought online in 2 to 7 years. The company also intends to build solar and batteries, and will focus on grids stretching from the mid-Atlantic to the Midwest, Texas and the desert Southwest.
Yahoo
23-07-2025
- Business
- Yahoo
Nuclear Energy Newcomers Electrify Final Day of EnerCom's 30th Anniversary Energy Investment Conference
Five Nuclear Companies to Present at EnerCom Denver – The Energy Investment Conference Qualified Investors, Analysts and Energy Industry Professionals Can Register at No Cost at DENVER, July 23, 2025 /PRNewswire/ -- EnerCom, Inc., a leading energy consulting and strategic communications firm, announces an unprecedented lineup of nuclear energy companies scheduled to present on Wednesday, August 20, the final day of the 2025 EnerCom Denver Conference. The event, now in its 30th year, is the largest independent energy investment conference in the U.S., connecting capital with traditional and emerging energy companies from around the world. The nuclear company lineup for the conference includes: Oklo (NYSE: OKLO) Oklo deploys sodium fast reactors using recycled nuclear waste and down blended fissionable material, or High-Assay, Low-Enriched Uranium fuel to generate electricity. Its commercial Aurora power plant is engineered to produce 75 megawatts. Oklo has a DOE site permit for its first reactor at the Idaho National Labs with plans for commercial operation by 2028. The company's acquisition of Atomic Alchemy also allows Oklo to produce radioisotopes critical for medical and defense applications. Energy Fuels (NYSE: UUUU; TSE: EFR) Denver-based Energy Fuels is a global leader in critical minerals with a 45-year legacy in U.S. uranium mining and production. The company operates three active U.S. mines, including the high-grade Arizona Pinyon Plain mine, and processes ore at its White Mesa Mill in Utah—the only operational conventional uranium mill in the country. The Mill also handles vanadium and is exploring medical isotope extraction for cancer treatment. The company is also processing both light and heavy rare earth elements from U.S.-sourced monazite and developing three global heavy mineral sand mines to produce up to 60,000 tonnes of rare earth feedstock as a by-product of titanium and zircon mining. Deep Isolation Deep Isolation is the first company to commercialize nuclear waste disposal in deep boreholes, offering tailored solutions to help countries manage and dispose of waste inventories. With 87 patents, its technology uses proven drilling methods to safely isolate waste underground in horizontal, vertical, or slanted boreholes. The Universal Canister System (UCS), developed through a three-year ARPA-E-funded project, supports integrated management of spent fuel and high-level waste from advanced reactors across storage, transport, and disposal. Deep Fission Privately held Deep Fission applies state-of-the-art borehole technology to site Small Modular Reactors one mile underground, an approach that strengthens safety, minimizes construction and operating surface impacts and costs (e.g. eliminating large containment structures), all while delivering electricity at an estimated 5-7 cents/kWh. With partner Endeavour Energy, Deep Fission's goal is to deliver 2 GW of power for AI-ready data centers by 2029. The company is in the pre-licensing stage with the Nuclear Regulatory Commission. Solestiss Solestiss provides strategic advisory services to help clients navigate the evolving energy landscape, supporting decision-making across strategy, market positioning, and operations. As an Energy Developer, Solestiss accelerates access to baseload power while mitigating budget risks by leveraging nuclear and energy infrastructure expertise and natural gas solutions to drive project success. EnerCom Denver Investor Conference Details In its 30th year, the conference kicks off with the annual Charity Golf Tournament on Sunday, August 17th at the scenic Arrowhead Golf Club. The golf event is sponsored by global sponsor Netherland, Sewell & Associates and EnerCom. The tournament is a fundraiser for IN! Pathways to Inclusive Higher Education. By participating in the charity golf tournament, requiring a $150 donation, you directly contribute to creating inclusive college opportunities in Colorado for students with intellectual disabilities and fostering academic growth, social development, and career advancement. EnerCom Denver also hosts a Monday Mixer cocktail reception after day one of conference presentations, which is sponsored by ATB Capital Markets. This valuable opportunity for attendees to enjoy appetizers, drinks, and live music while networking with other conference participants and key representatives from the energy industry shouldn't be missed. Casino Night, sponsored by CAC Specialty, follows day two of the conference; experience the entertainment, fun, and excitement of playing in a real casino environment with "funny money" (no cash value, for entertainment only) at the poker, blackjack, roulette, and craps tables manned by professional dealers. This year will also include a charity poker tournament. Join us for a night of revelry, music, good food, and drinks, and it is open to all conference attendees. Please join us after the conference concludes on Wednesday afternoon with a closing reception as we reflect on the 2025 Conference. Institutional investors, portfolio managers, family offices, financial analysts, CIOs, and other investment community and industry professionals are encouraged to register now for EnerCom Denver at The conference is free for qualified investment professionals. Companies interested in presenting can contact Larry Busnardo at lbusnardo@ Sponsorship opportunities are available by contacting Blanca Andrus at bandrus@ The presenting company lineup as of July 22, 2025, includes: Advantage Energy (TSX: AAV) Amplify Energy (NYSE: AMPY) Anschutz Exploration APA Corp. (NASDAQ: APA) Armstrong Oil & Gas Aureus Energy Services Baytex Energy (NYSE/TSX: BTE) Berry Corporation (NASDAQ: BRY) Bison Oil & Gas IV BKV (NYSE: BKV) Blackbeard Operating px energy (NYSE: BP) CanCambria Energy (TSXV: CCEC; OTCQB: CCEYF) Deep Blue Water Deep Fission Deep Isolation Diversified Energy (NYSE/LSE: DEC) DNOW (NYSE: DNOW) Drilling Tools International (NASDAQ: DTI) EnerCom Eni SpA (NYSE: E) EOG Resources (NYSE: EOG) ESal Flotek Industries (NYSE: FTK) Freehold Royalties (TSX: FRU) Fundare Resources Gondola Resources Gran Tierra Energy (NYSE/TSX/LSE: GTE) Granite Ridge Resources (NYSE: GRNT) Haynes Boone Hemisphere Energy (TSX: HME; OTCQX: HMENF) Kelt Exploration (TSX: KEL) KODA Liberty Energy (NYSE: LBRT) Logan Energy (TSXV: LGN) LOGOS Energy Mach Natural Resources (NYSE: MNR) Meren Energy (TSX: MER) NCS Multistage (NASDAQ: NCSM) New Era Helium (NASDAQ: NEHC) NuVista Energy (TSX: NVA) NXT Energy Solutions (TSX: SFD; OTCQB: NSFDF) Oklo (NYSE: OKLO) Parex Resources (TSX: PXT; OTCMKTS: PARXF) Petrie Partners PGIM Private Capital Prairie Operating (NASDAQ: PROP) Precision Drilling (NYSE: PDS; TSX: PD) Prospera Energy (TSX: PEI; OTC: GXRFF) Providence Energy Raisa Energy ReconAfrica (TSXV: RECO; OTCQX: RECAF; Frankfurt: 0XD) Renewell Energy Riley Permian (NYSE: REPX) Ring Energy (NYSE: REI) SandRidge Energy (NYSE: SD) Saturn Oil & Gas (TSX: SOIL; OTCQX: OILSF) Select Water Solutions (NYSE: WTTR) SM Energy (NYSE: SM) Solestiss Spartan Delta (TSX: SDE) Surge Energy America Tamarack Valley Energy (TSX: TVE) Tenaz Energy (TSX: TNZ) Teren Ubiterra U.S. Energy Development Corporation UpCurve Energy Valeura Energy (TSX: VLE; OTCQX: VLERF) Verde EOR Solutions Vermilion Energy (NYSE/TSX: VET) Vitesse Energy (NYSE: VTS) Whitecap Resources (TSX: WCP) Williams Companies (NYSE: WMB) Zephyr Energy (AIM: ZPHR; OTCQB: ZPHRF) Conference Overview Conference Details: EnerCom Denver offers investment professionals a unique opportunity to network and listen to senior management teams from leading companies across the energy value chain update investors on their operational and financial strategies and learn how they create value for stakeholders. Conference Dates: August 17–20, 2025. EnerCom will host its annual Charity Golf Tournament on Sunday, August 17th at the scenic Arrowhead Golf Club in Littleton, Colorado. Benefitting IN! Pathways to Inclusive Higher Education, the Golf Tournament requires a $150 charity donation to participate. Formal presentations and meetings will be held Monday, August 18th, through Wednesday, August 20th. Venue: Westin Denver Downtown. Please book rooms under the EnerCom Denver block. We encourage attendees to book their reservations as soon as possible, as rooms sell out. Who Attends the Conference: Institutional investors, family offices, high-net-worth investors, private equity, research analysts, retail brokers, trust officers, investment and commercial bankers, and energy industry professionals gather in Denver for the conference. Conference Format and Details: The EnerCom Denver conference follows EnerCom's familiar 25-minute presentation format, followed by 50-minute Q&A opportunities in separate breakout rooms, one-on-one meetings, and multiple networking opportunities. In addition to in-person access to all company presentations, panel discussions, and keynote speakers, conference registration allows investors and management teams to meet formally and informally over cocktails, breakfast, and lunch. About EnerCom, Inc.: Founded in 1994, EnerCom, Inc. has been a trusted advisor to the global energy industry, working with clients to differentiate and deliver targeted messages to investors. Headquartered in Denver, EnerCom is an internationally recognized strategic communications and management consultancy that advises companies on investor relations, corporate strategy/board advisory, fractional/interim CFO advisory services, marketing, financial analysis and valuation, media, branding, and visual communications design. For more information about EnerCom and its services, please visit or call (303) 296-8834 to speak with one of our consultants. EnerCom Denver Sponsors Include: Netherland, Sewell & Associates, Inc. (NSAI) Netherland, Sewell & Associates, Inc. (NSAI) was founded in 1961 to provide the highest quality engineering and geological consulting to the petroleum industry. Today they are recognized as the worldwide leader of petroleum property analysis to industry and financial organizations, and government agencies. With offices in Dallas and Houston, NSAI provides a complete range of geological, geophysical, petrophysical, and engineering services and has the technical experience and ability to perform these services in any of the onshore and offshore oil and gas producing areas of the world. They provide reserves reports and audits, acquisition and divestiture evaluations, simulation studies, exploration resources assessments, equity determinations, and management and advisory services. Haynes Boone Haynes Boone is an energy-focused corporate law firm that provides a full spectrum of legal services and solutions to clients across the energy industry, including the upstream, midstream, and downstream sectors as well as power and renewables. Our team of more than 100 energy lawyers and landmen has been helping operators, lenders, and private equity firms with some of their most complex and significant transactions and disputes in recent years. The firm's nearly 700 lawyers practice across 19 global offices located in California, Colorado, Illinois, New York, North Carolina, Texas, Virginia, Washington, D.C., London, Mexico City, and Shanghai. The 2023 Chambers USA Legal Guide ranked 31 different firm practice areas, and in 2024, Haynes Boone became the first Am Law 100 firm to ever earn a Gold-level Bell Seal from Mental Health America. The U.S. News & World Report and Best Lawyers "Best Law Firms" 2023 survey ranked Haynes Boone in National Tier 1 in Oil & Gas Law. Baker Botts For over 100 years, Baker Botts has been helping energy clients tackle the toughest of their legal challenges. Our deep bench of experienced transactional, environmental, litigation, regulatory, IP, and tax lawyers has helped companies all across the energy industry. Throughout this time we have served as trusted advisors to companies working in every sector of energy — from oil and gas to conventional and renewable power to renewable fuels to LNG and many other related areas. Much of this work has involved our clients' development and deployment of new energy technologies, which has allowed our lawyers to practice at the cutting edge of every energy "revolution" since the turn of the last century. Wherever significant energy is produced in the world, Baker Botts lawyers work to advance our clients' objectives in the boardroom, the courtroom, and on-the-ground, drawing upon our deep understanding of the complex legal, technical and policy issues that they face. ATB Capital Markets ATB Capital Markets offers holistic corporate and capital markets advice, combined with customised financial solutions to help businesses thrive. We're a full-service financial services provider for key industries. Backed by ATB Financial, a leading financial institution with $62.0 billion in assets, ATB Capital Markets helps clients with services that include investment and corporate banking, sales and trading, institutional research, and risk management. CAC Specialty CAC Specialty is an employee owned risk solutions company of seasoned and proactive industry leaders, operating as a nimble and collaborative partner who puts you and your business first. With a knowledge-driven approach informed by industry data and decades of honed instinct, CAC brings an innovative vision to insurance broking and merchant banking by providing solutions to solve your risk challenges – from the simple to the previously unsolvable. Backed by a $40B AUM asset manager and not constrained by traditional risk transfer thinking, CAC can expand the range of risk transfer through access to private debt and alternative pools of risk capital. bpx energy bpx energy, bp's US onshore business, operates in the Permian, Eagle Ford, and Haynesville basins. Headquartered in Denver, bpx embodies the entrepreneurial spirit of a domestic U.S. onshore producer – utilizing next level technology to safely increase production while lowering emissions, and leveraging other integrated bp business like supply, trading and shipping to maximize value. Petrie Partners Petrie Partners, LLC is a boutique investment banking firm dedicated to the energy industry. The senior leadership has a multi-decade legacy of delivering specialized advice on mergers and acquisitions, asset transactions and valuations, and financings to the boards and managements of public, private, and sovereign entities. Petrie clients benefit from the independent, conflict-free perspective and unwavering advocacy of their best interests that the team brings to every engagement. Vitesse Energy Vitesse is a Denver-based company focused on returning capital to stockholders through owning and acquiring predominantly non-operated working interests in oil and gas properties in the Williston Basin of North Dakota and Montana. The Company also owns non-operated interests in the Central Rockies, including the Denver-Julesburg Basin and the Powder River Basin. IMA IMA Financial Group is an independent broker, defining the future of insurance through comprehensive and consultative risk and wealth management services. A majority employee-owned and managed company, its 2,300-plus associates in offices across the country are empowered by a shared mission to manage risk, protect assets, and make a difference. Oil & Gas 360® The Media Sponsor of Enercom Denver, Oil & Gas 360® is a one-stop source of news, information, and analysis from the professionals at EnerCom, Inc. The website is dedicated to all things energy: people, technologies, transactions, trends, and macro-economic analysis that impact our industry. Oil & Gas 360 View original content to download multimedia: SOURCE EnerCom, Inc. Sign in to access your portfolio
Reuters
17-07-2025
- Business
- Reuters
Britain's OVO Energy to launch new renewables arm to modernise wind farms
LONDON, July 17 (Reuters) - British energy supplier OVO Energy said on Thursday it plans to launch a new renewable energy arm to help modernise existing ageing onshore wind farms to prolong their lifespan and boost output. OVO Renewables will have an initial investment of hundreds of millions of pounds and the first phase of modernisation could delver up to 500 megawatts of capacity, enough to power about 400,000 British homes, OVO said in a statement. Britain built some of the world's first onshore wind farms in the 1990s but many are ageing. New wind farms are often not accepted by local communities and also face planning consent delays. OVO Energy is one of the largest energy suppliers in Britain and supplies gas and electricity to about 4.5 million customers.
