A big announcement
The almost headlines
In case you missed
Utility OS handling 70M+ accounts gets its own cap table and growth mandate.
New funding led by D1 Capital (with Fidelity, OTPP, others) plus $320M from Octopus lets Kraken operate independently, while still powering Octopus’s own retail and asset operations.
Kraken’s AI-driven platform processes 15B data points daily, generates >$500M in revenue, and will scale as a neutral, global utility-tech vendor while Octopus continues growing its 11M-customer, $10B renewables asset base.
Argues 2.6 GW CVOW is cornerstone for national security, data centers, and Virginia load growth.
Dominion says halting CVOW threatens grid reliability, raises costs, and risks thousands of jobs, given the project’s role serving military shipyards, warship manufacturing, and the state’s data-center hub.
With 2,600 MW planned far offshore and five years of incident-free pilot operation, the utility urges fast resumption of work to support a diversified mix of gas, nuclear, and renewables as Virginia’s demand potentially doubles.
Recycling capital while staying operator on a flagship UK offshore wind project.
Divestment follows the November 2025 deal announcement; Ørsted retains its core role developing, constructing, and operating Hornsea 3 within a global portfolio of 10.2 GW installed and 8.1 GW under construction offshore.
Company continues to grow its 18+ GW renewables platform (offshore & onshore wind, solar, storage, bioenergy) as it pushes toward a fully green power mission.
JV says halting a nearly finished project risks higher power prices and grid reliability.
JV of Skyborn Renewables and Ørsted argues DOI’s Dec 2025 suspension is unlawful after a 9-year review, final permits, and defense-agency agreements; billions have already been invested across foundations, turbines, and substations.
With power slated for 350k+ homes in 2026 under long-term utility contracts, developers warn stoppage could raise regional electricity costs, weaken reliability, and jeopardize thousands of jobs; sister project Sunrise Wind is also weighing legal options.
Chemicals out, balance sheet in; Oxy doubles down on upstream + low-carbon strategy.
Proceeds support debt reduction and refocus capital on high-return oil & gas assets in the U.S., Middle East, and North Africa; legacy OxyChem environmental liabilities stay with an Oxy subsidiary.
Oxy reiterates commitment to lower-carbon tech and emissions reduction (e.g., CCS) as part of its broader plan to create long-term shareholder value amid commodity and regulatory risk.
Portfolio slimming: cash out majority, keep a minority stake and optionality.
Cactus owns 65% of the JV, Baker Hughes 35%; BKR contributes its SPC product line, improving capital efficiency, earnings quality, and cash flow stability.
Proceeds bolster Baker Hughes’ balance sheet and can be redeployed into higher-return energy tech while maintaining exposure to pressure control demand.
No more distributions; unitholders face potentially painful tax outcomes.
Post-divestiture, a smaller, cleaner revolver for a slimmed-down E&P.
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DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.