Nextpower (NASDAQ: NXT) has agreed to acquire battery energy storage company Prevalon Energy for up to US$365 million in cash and stock, as the solar and power technology provider expands its presence in energy storage and power management systems for utilities and data centres. Prevalon, headquartered in the United States, is a joint venture between Mitsubishi Power Americ...

Oracle (NYSE: ORCL) has revealed a US$95 billion capital expenditure budget for its 2027 financial year, which runs June 1 2026 to May 31 2027. The move comes after its FY2026 capex touched US$55 billion, a US$5 billion overrun on the company’s own estimates. With Remaining Performance Obligations (RPO) of US$638 billion, the vast majority of which are tied to AI cloud...

French renewables developer Voltalia has secured 322MW of grid connection capacity at the Pecém Industrial and Port Complex (CIPP) in Brazil's Ceará state. The capacity was secured through a Transmission System Usage Agreement (CUST) with Brazil's National Electric System Operator (ONS), providing Voltalia with access to transmission infrastructure at the site, which is b...