Controlled Liquid Hydrogen Storage: The backbone of decentralized energy

Cadeler has signed an EIFO-backed senior secured green term loan facility of EUR 247 million to finance in part the construction of its third A-class newbuild offshore wind installation vessel, Wind Apex, with delivery expected in Q2 2027.

The 12-year facility is supported by the Export and Investment Fund of Denmark (EIFO) and has been designated as green financing under Cadeler's Green Finance Framework.

The Hongkong and Shanghai Banking Corporation Limited, Singapore Branch acted as Coordinator, Mandated Lead Arranger, Facility Agent, Security Agent and EIFO Agent. The lending syndicate comprises HSBC, KfW IPEX-Bank, Coöperatieve Rabobank U.A. and DNB Bank ASA.

Commenting on the financing, Mikkel Gleerup, CEO of Cadeler, says: “We are pleased to have secured this financing for Wind Apex together with a strong group of international banking partners. We greatly value our longstanding relationship with EIFO and appreciate their continued support for Cadeler's growth. Their backing, together with that of our lending partners, reflects continued confidence in Cadeler and our ability to deliver the offshore wind installation capacity our customers need.”

Peter Boeskov, COO at EIFO Large Corporates comments: “Strengthening Danish companies and supply chains in the energy transition is a strategic priority for EIFO. Cadeler exemplifies how quickly Danish expertise can scale globally, now operating the world’s largest installation fleet for offshore wind. With this third transaction, we reaffirm our long-term commitment to supporting Cadeler's continued growth.”

Cadeler | www.cadeler.com

Xeal Energy, the technology-first electric vehicle (EV) charging company behind the patented Xeal Protocol, has officially launched in Canada to bring their self-reliant, zero-IT charging solution to Canadian property owners. The launch arrives as Canada sets its sights on a 75% EV adoption rate by 2035 and 90% by 2040, supported by launching a new C$2.3-billion five year fund, offering rebates of up to $5,000 on battery-electric vehicles, and up to $2,500 on plug-in-hybrids. The consumer demand is coming, but the charging infrastructure to meet it needs expansion.

As Canadians celebrate national pride and look toward the future, Xeal is arriving with technology designed specifically for the built environments Canadian properties present across multifamily and commercial deployments. 

"Xeal Energy is entering the Canadian market at exactly the right moment. As the energy transition accelerates, Canadians are looking for practical, affordable ways to make the shift to electric vehicles. Xeal is helping solve one of the biggest barriers to EV adoption by making charging infrastructure accessible for multi-unit residential buildings and institutional properties—two markets that will be essential to Canada's clean transportation future," said Catherine McKenna, CEO of Climate and Nature Solutions and Canada's former Minister of Environment and Climate Change and Minister of Infrastructure and Communities.

A Reliability Problem, Finally Solved
Nearly 1 in 3 EV charger sites experiences regular downtime and 95% of that downtime is caused by centralized network dependency. Traditional chargers rely on cellular towers, cloud, and signal boosters to function, creating multiple points of failure that result in charger downtime and leaves drivers stranded when they need charging the most. 

Xeal has solved this at the architecture level. The company's patented Xeal Protocol™ establishes a direct, encrypted communication channel between the driver's smartphone and the charger itself with no cellular network, no Wi-Fi, and no dependence on an external server. The result is a 100% uptime guarantee and a seamless tap-to-charge experience that works every time, in every environment.

"As EVs become increasingly accessible to Canadian consumers through a growing range of available incentives, EV models and price points, adoption will continue to accelerate. With these new EV adoption targets set in Canada, developers need to act now to ensure buildings are equipped to handle the needs of today's residents and tomorrow's drivers. 

Roughly 35% of Canadians live in multi-family settings and with 80%+ charging happening at home, property owners need charging infrastructure that just works. Backed by strong government support for the market, Xeal is expanding into Canada to support the next wave of EV charging infrastructure adoption for real estate. By eliminating the primary challenge for charger uptime, our self-reliant Helix Computing™ protocol guarantees a 100% uptime to empower Canadian real estate leaders to scale charging seamlessly and meet this increased demand."
— Nikhil S. Bharadwaj, CEO & Co-Founder, Xeal Energy

Built for Canadian Properties
Beyond reliability, Xeal's dynamic power optimization technology allows properties to install up to three times more charging stations on the same electrical capacity, without costly infrastructure upgrades. Where a standard power supply might support five EV chargers, Xeal's system can support up to fifteen, dramatically expanding charging access while reducing capital expenditure.

Proven Across 500+ US Cities, Now in Canada
Xeal enters Canada with a proven track record: 300+ partners across commercial, multifamily, healthcare, retail, education, and enterprise properties in more than 500 US cities. Partners include UBS, AvalonBay Communities, Lincoln Property Company, Brookfield, Princeton University, the University of Texas at Austin, Pfizer, among others.

Xeal Energy | https://xealenergy.com/
 

NatPower Marine, a NatPower Group company enabling the energy transition in the maritime sector, has signed a strategic agreement to acquire the Aqua superPower international charging network from ATV Power, a provider of marine electrification technologies and charging infrastructure. 

Aqua superPower currently represents the largest international network of electric charging points for boats and yachts in Europe, spanning multiple markets worldwide and comprising more than 80 ports and marinas across Europe and North America, including the French and Italian Rivieras, Venice, Trieste, Genoa, Lake Maggiore, Lake Geneva, Sweden, the Port of Barcelona, the UK South Coast, San Francisco Bay, Lake Tahoe, San Diego, and Lake Michigan. The acquisition aims to integrate this expertise and operational capability into the NatPower Marine platform, supporting its ambition to expand this electrification model beyond recreational boating to include large commercial ports and maritime hubs.

This integration marks a significant step in the evolution of NatPower Marine, strengthening its ability to deliver energy infrastructure as a coordinated and scalable system.

“This transaction marks a decisive step forward for us: we are no longer just developing infrastructure, but building a platform capable of operating on an international scale,” said Fabrizio Zago, CEO of NatPower. “The addition of Aqua superPower to our ecosystem provides us with an immediate operational presence in key markets and strengthens our ability to deliver projects effectively and at scale on a global level.”

Stewart Wilkinson, CEO of ATV Power, added: “Joining NatPower Marine enables us to scale our platform faster and extend our reach, building on the network we have already developed.”

Towards a Global Platform

Electrification in the maritime sector is no longer limited by technology or capital.
The constraint lies in execution. 

Deploying infrastructure at scale requires alignment between energy supply, grid access, permitting, financing and operations. When these elements remain fragmented, deployment slows down and remains localised. 

By integrating Aqua superPower’s operational footprint with NatPower Marine’s execution capabilities, the combined platform is designed to overcome this fragmentation and enable coordinated deployment across multiple markets.

Achieving this goal requires the coordination of multiple factors, including access to energy and grid infrastructure, permitting processes, investment capacity, engineering expertise, and operational management. When these elements are managed independently, infrastructure development tends to slow down and remain confined to isolated initiatives.

The new platform combines: an existing network of operational charging infrastructure, a structured pipeline of projects across ports and marinas, access to capital and development capabilities, a coordinated execution model

The integration goes beyond expanding a charging network. It combines Aqua superPower's connected charging ecosystem with NatPower Marine's integrated energy infrastructure platform, creating the conditions to accelerate maritime electrification at scale.

In this context, NatPower Marine is consolidating its position as a key player in the marine industry’s energy transition, coordinating technologies, investments, and implementation processes within a scalable, replicable model geared toward growth in global markets. 

This integration is part of a broader trajectory within NatPower, aimed at building fully integrated energy systems across sectors and geographies. NatPower Marine operates as a key vertical within this strategy, progressively incorporating capabilities, technologies and platforms to accelerate execution and scale. 

Monaco Energy Boat Challenge

The agreement was formally presented during the Monaco Energy Boat Challenge (MEBC), one of the leading international events dedicated to sustainable marine technologies and energy solutions. 

As part of the event, NatPower Marine participated in a dedicated discussion focused on sustainable energy solutions for the maritime sector. A live hydrogen refuelling demonstration also took place, showcasing NatPower’s broader strategy of integrating multiple energy technologies within a single infrastructure model.

Aqua superPower is supporting the Monaco Energy Boat Challenge for the 4th year running with its floating E-Dock supplying DC and AC charging for electric boats. 

The Yacht Club de Monaco was the first location worldwide to install an Aqua fast charger in 2019, demonstrating how commitment to infrastructure leads to the adoption of electric marine technology.

Photo Caption (left to right) : Stewart Wilkinson, CEO of ATV Power and Fabrizio Zago, CEO of NatPower at the Yacht Club de Monaco

Photo Caption (left to right): Stewart Wilkinson, ATV Power, Bernard d’Alessandri, YCM, Jérémie Lagarrigue, MEBC International Jury and Fabrizio Zago, NatPower

ATV Power | www.taigamotors.com

NatPower | https://natpower.com/

Avantus has closed a financing package of more than $525 million with BBVA, CIBC and Santander for the Aratina 2 utility-scale solar and storage project, located in eastern Kern County, California. Currently under construction and expected to be operational by the end of 2026, Aratina 2 will deliver 150 megawatts (MWac) of solar generation and 452 megawatt-hours (MWh) of battery storage capacity to the California grid.

The financing package includes construction funding, a tax equity bridge loan and letters of credit.

“Aratina 2 is another demonstration of Avantus' ability to develop and finance large-scale projects in one of the country's most complex energy markets,” said Omar Karar, Executive Vice President of Capital Markets and M&A at Avantus. “BBVA, CIBC and Santander's participation reflects genuine confidence in our track record and our long-term strategy as an owner-operator.”

"Aratina 2 is a strong example of the high-quality infrastructure projects needed to support the evolving energy landscape in the U.S.," said Eugene Kasozi, Head of Project and Infrastructure Finance North America at BBVA. "We are proud to partner with Avantus on this financing and to leverage BBVA's project finance expertise to help deliver resilient, long-term energy solutions."

“CIBC is pleased to support Avantus in achieving this important milestone for the Aratina 2 solar and storage project,” said Anh Nguyen, Executive Director, Project Finance and Infrastructure, CIBC. “We look forward to continuing our partnership and supporting efforts to meet increasing energy demand across the U.S.”

"We are proud to have supported Avantus as it continues to construct utility-scale renewable projects and deliver clean power to regions with growing demand," said Bart White, Global Head of Energy Structured Finance, Santander Corporate & Investment Banking. "We congratulate Avantus, its partners and stakeholders on this achievement."

Aratina 2 is creating approximately 300 union construction jobs and will generate tax revenue to support Kern County public services and provide permanent operations and maintenance jobs throughout its operating life. The project signed 15-year power purchase agreements (PPA) with Southern California Edison (SCE).

Aratina 2 is the second phase of the Aratina Solar Center, which, together with Aratina 1, will total 350 MW of solar with 952 MWh of battery storage. Avantus plans to maintain an ownership stake and operate Aratina 2, together with Aratina 1, as part of its independent power producer (IPP) strategy.

White & Case LLP served as legal counsel on the transaction, with Cox Castle & Nicholson LLP serving as local counsel. Akin Gump Strauss Hauer and Feld LLP served as counsel to the financing parties, with Holland & Knight LLP serving as local counsel.

Avantus is advancing a development portfolio across its core markets of California, Nevada and Arizona comprising 13 gigawatts (GW) of solar and 44 GWh of storage. Under its growing IPP strategy, the company is on track to bring 5 GW of system capacity online by 2030, with 788 MW reaching commercial operation and 800 MW under construction by year end.

Avantus | www.avantus.com

Hammond Power Solutions (HPS) is proud to be Certified by Great Place to Work for the third consecutive year. This recognition is based entirely on feedback from employees about their experience working at HPS across its operations in Canada, the United States, Mexico and India.

Great Place to Work is the global authority on workplace culture, employee experience, and the leadership behaviors proven to drive strong business performance, employee retention and innovation.

"This recognition reflects the culture our employees help shape every day.” said Catherine McKeown, Chief People Officer at HPS. “At HPS, listening matters, and so does acting on what we hear. By taking intentional action on employee feedback, we are continuing to strengthen a culture where people feel supported, valued and able to do their best work. That is what our values look like in practice: We Care, We Do the Right Thing, We Strive to Be Better, and We Win Together. It is also what allows us to keep growing while staying grounded in the people and culture that make HPS special. We remain committed to creating a workplace where all employees feel empowered to contribute to our shared mission and vision.”

At HPS, building a strong workplace culture remains a core priority as the company continues to grow. This year’s certification reflects ongoing efforts to strengthen employee experience across the organization, including increasing opportunities for learning and development, expanding recognition initiatives, and enhancing communication and collaboration across teams.

These actions are part of HPS’s continued focus on fostering an environment where employees feel supported, valued and empowered to contribute their best work.

According to Great Place To Work research, job seekers are 4.5 times more likely to find a great boss at a Certified workplace. Additionally, employees at Certified workplaces are 93% more likely to look forward to coming to work and are more likely to feel they are treated fairly and have opportunities for growth.

Work with people who really care! Looking to grow your career at a company that puts its people first? Visit our careers page.

Hammond Power Solutions | https://americas.hammondpowersolutions.com/

SolarEdge Technologies, Inc., a global leader in smart energy technology, announced nationwide U.S. order availability for SolarEdge Nexis, its next-generation residential solar and storage platform. Built from the ground up around the installer experience, SolarEdge Nexis addresses longstanding battery storage challenges, including lengthy installation times, costly electrical upgrades, inflexible system placement, and component complexity, streamlining every stage of the installer journey from inventory and sales to installation and ongoing service. 

"SolarEdge Nexis has been our most anticipated residential product launch. It represents years of innovation and customer feedback brought together into a single platform designed to make solar-plus-storage more powerful, more intuitive and easier to deploy," said Nick Alex, Vice President of Residential Sales, North America. "With orders now open across the U.S., we're excited to help installers and homeowners experience a platform designed to simplify installation, maximize flexibility and support the evolving energy needs of modern homes."

Following a successful launch in Germany, where SolarEdge Nexis generated record order volumes and strong installer demand for its stackable storage architecture, installation experience, and compact design, SolarEdge is now making the single-phase platform available nationwide across the U.S.

SolarEdge Nexis features a modern design concept from inverter to battery, combining advanced inverter technology, battery storage, and intelligent energy management into a single, ultra-compact design offering more power but significantly smaller footprint than previous models. The DC-optimized architecture also offers the flexibility to be AC coupled, giving installers greater flexibility across a wider range of projects. Delivering greater power density, reliability, and efficiency, the platform maintains higher efficiency in both high and low power hours.

Its modular architecture enables installers to choose the right battery capacity according to homeowners’ needs. Designed for maximum installation flexibility, the system can be installed virtually anywhere – wall or floor-mounted, indoors or outdoors – while meeting robust durability standards.

Key innovations include:

• An entirely new Lego-like modular design with Simple-Click architecture, allowing lightweight modules to snap into place with no wiring between units, enabling installation in under 30 minutes.

• A new ultra-efficient residential inverter, particularly in low power, designed to save homeowners, and keep TPO-funded systems above the production guarantee.

• High power inverter delivering up to 13kW on-grid and 14.5kW off-grid power, paired with a flexible battery storage solution that scales from 5kWh to 80kWh.

• Focusing on 185 LRA to power large HVAC system.

• Up to 40% less wall-space utilization than comparable systems, with a single inverter platform covering residential installations from 3.8 kW to 13 kW.

• Manufactured in the U.S., helping projects meet domestic content requirements.

“Before SolarEdge Nexis, every battery installation involved a lot of planning and labor,” said Tate Abdon, Director of Installations at Senga Energy LLC. “We were pulling backup loads, installing Backup Loads Panels, sometimes upgrading the main service panel, and trying to fit large batteries into locations that met the required clearance from doors and windows. It wasn’t always the most efficient process. SolarEdge Nexis changes that. With the IslandDER option, we can eliminate the need for Backup Loads Panels in many applications, which means less labor, fewer materials, and a much simpler installation. The modular battery design is another huge advantage. Instead of carrying and lifting 300-pound batteries, our crews install lightweight modules with built-in handles; no battery lift required. It’s honestly like building with Legos. That flexibility also gives us more freedom in where we mount the system, allowing for a cleaner, more attractive installation rather than being dictated by traditional clearance limitations. In the end, we’re completing installations faster, using less conduit, reducing wall clutter, and delivering a cleaner finished product. It’s a better experience for both our installers and our customers.”

To celebrate nationwide order availability, SolarEdge will host a Takeover Day livestream, taking place on July 15 from 9:00–11:00 a.m. PT from SolarEdge headquarters in Milpitas, California. Bringing together installers, distribution partners and industry stakeholders, the event will offer a firsthand look at the future of home energy management. 

Programming will span three dedicated stages, including a main stage for launch presentations and distributor features, a panel stage featuring technical experts and sales professionals who already sell and support SolarEdge Nexis, and a live installation stage demonstrating a SolarEdge Nexis system installed on a simulated home wall. Attendees will also get an inside look at how SolarEdge Nexis is engineered and quality-controlled before it ever reaches a job site. Throughout the event, registered attendees can participate in giveaways, culminating in a grand prize drawing for one complete SolarEdge Nexis home energy system. The prize includes a SolarEdge Nexis 13kW inverter, a SolarEdge Nexis IslandDER meter collar by ConnectDER, and two 5kWh battery blocks.

With orders now open nationwide, SolarEdge Nexis expands the company's residential energy portfolio with a platform that brings together solar, storage and intelligent energy management in a compact, scalable solution designed for today's homeowners and installers.

SolarEdge | www.solaredge.com

Hammond Power Solutions Inc. (“HPS” or the “Company”) (TSX: HPS.A) announced it has completed the previously disclosed acquisition of AEG Power Solutions (“AEGPS”) for approximately CAD $365 million, following receipt of all required regulatory approvals.

The acquisition marks a significant step in HPS’s strategy to expand beyond its transformer-led foundation and strengthens its role across the broader electrical value chain.

“This transaction gives HPS a global platform to accelerate growth in power quality and power conversion solutions and services,” said Adrian Thomas, Chief Executive Officer of Hammond Power Solutions. “It enhances our technology portfolio and expands our service and aftermarket capabilities. By bringing together the two organizations, we are expanding our international reach and strengthening our ability to support customers operating in increasingly performance-critical electrical environments.”

Demand across industrial, infrastructure, transportation, data and energy sectors is shifting toward integrated electrical systems that require solutions spanning power quality, conversion, control and lifecycle support. To meet this demand, HPS is introducing Integrated Electrical Solutions (IES) - a new business unit within HPS focused on delivering more complete, system-level solutions.

Anchored by AEG Power Solutions and supported by complementary elements of HPS’s existing power quality portfolio, IES brings together capabilities across magnetics, power quality, power conversion, critical power, controls and service in a more integrated offering. Building on HPS’s transformer foundation, it strengthens the Company’s ability to support the performance, reliability, and long-term operation of modern electrical systems.

Moving forward, HPS will operate and report through two business units: Transformers and IES.

“For AEG Power Solutions, this is an opportunity to build on our momentum from a position of strength,” said Franck Audrain, Chief Executive Officer of AEG Power Solutions. “Joining HPS gives us greater scale, broader market access and the ability to bring our capabilities to more customers and applications. The AEGPS team looks forward to advancing that next chapter as part of HPS.”

Financing

Concurrent with the closing of the transaction, HPS entered into a new syndicated secured credit facility with J.P. Morgan, National Bank of Canada, and Royal Bank of Canada acting as joint lead arrangers, and with J.P. Morgan acting as sole administrative agent. Under the credit agreement, HPS has access to up to USD $300 million in term debt to fund its acquisition of AEG Power Solutions and up to USD $150 million under a revolving credit facility. The credit agreement will expire in Q3 2030, unless terminated earlier in accordance with its terms. The facility is subject to customary representations, warranties and covenants consistent with financing arrangements of this nature.

“This transaction aligns with our growth-oriented capital allocation strategy,” said Richard Vollering, Chief Financial Officer of Hammond Power Solutions. “It expands the earnings base, improves revenue mix through greater service participation and adds international diversification. We expect it to support long-term value creation as a conduit for growth and as a platform for future acquisitions.”

Hammond Power Solutions I https://americas.hammondpowersolutions.com/

AEG Power Solutions | https://www.aegps.com/en/