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Prysmian, a world leader in energy and data wire and cabling solutions, recently announced changes to its leadership structure in North America to further strengthen the company’s market position in the region.

2025 marked the best year yet for Prysmian, with global revenues reaching €20 billion. North America’s revenues exceed $9 billion, accounting for 40% of the company’s total sales. Over the past two years, Prysmian’s North American footprint has grown exponentially through the acquisitions of Encore Wire and Channell, adding over 3,000 employees and expanding the company’s product portfolio. As Prysmian continues its evolution from a cable manufacturer to a solutions provider, these partnerships unlock major energy priorities, including data centers, industry, and the strengthening of the U.S. power grid. 

The North American market continues to expand across sectors: power consumption from data centers will jump 175% by 2030 (from 2023 levels), and U.S. power demand is expected to increase up to 3.5 percent annually through 2040, positioning Prysmian as a company poised to meet the cabling and solution demand that comes alongside these increases.

“As Prysmian continues to expand in North America, developing our executive leadership across businesses and industry segments is a strategic priority,” said Andrea Pirondini, CEO of Prysmian North America. “This cross-functional experience strengthens how we operate as one organization, enhances our ability to scale, and ultimately allows us to deliver greater value to our customers. Investing in leadership development ensures we sustain our momentum and continue to provide the high-quality, innovative solutions that define Prysmian.”

North America’s leadership changes include:

All other North American leadership positions will remain unchanged, and Prysmian is committed to the North American market, ensuring our customers receive outstanding products and service tailored to their needs. 

Prysmian | na.prysmian.com

Barrell Energy Inc. and Barrell Lithium LLC (the "Companies") are pleased to announce a significant expansion of their strategic footprint in the premier lithium-producing region of the United States. Through aggressive, geologically-driven leasing efforts, the Company has now reached 52,000 net mineral acres across its two core Smackover Formation lithium projects.

In tandem with this acreage milestone, Barrell Lithium LLC has successfully closed its Series B funding round, which was met with significant demand and finished oversubscribed. Supported by an elite group of private investors, this capital raise enables the Company to continue expanding its lithium leasing and solidify its large strategic position within the high-concentration lithium brine fairway of East Texas.

East Texas Drilling & Testing Results

Recent published reports confirm record-high lithium concentrations within the western portion of the Smackover Trend of East Texas. With values ranging from 600 to 806 mg/L, these concentrations are nearly double those observed in southwestern Arkansas. Furthermore, significant associated minerals were noted, with bromine levels reaching 3,700–4,800 mg/L and potassium concentrations between 11,100 and 16,800 mg/L.

Strategic Expansion & Geological Precision

The Company’s approach remains defined by a geologically focused methodology. By leveraging four decades of geological expertise and over five years of Smackover-specific evaluation into lithium source rock, structure, and reservoir quality, the Company targets high-potential prospects with precision. This effort is spearheaded by a local, seasoned land team based out of the Company’s leasing office in Atlanta, Texas, fostering strong community ties at the geographic center of the play.

“We are aggressively expanding our acreage across the Smackover Lithium Play, a pace that underscores our absolute confidence in this asset base," said Kirk Barrell, President of Barrell Energy. "By leveraging our deep geological expertise alongside a high-performance local land team and a seasoned investor group, we are scaling our footprint with maximum efficiency. Our priority is securing the strategic acreage required to expand this project and power the next generation of American energy.”

Market Dynamics & Domestic Security

The global energy market continues to underscore the vital significance of lithium. Over the past year, lithium prices have more than doubled, reflecting the relentless demand for critical battery minerals. As the United States remains firmly focused on securing US-sourced critical minerals, the Companies’ Smackover projects represent a vital contribution to domestic energy independence and the reduction of reliance on foreign supply chains.

Strategic Partnerships

With a robust land position, the Company is preparing for the next stage of development. The companies plan to formally commence the process to identify an operating partner in the third quarter (Q3) of 2026. This partner will work alongside the Company to drill, deploy advanced extraction technologies, and bring these domestic resources to market.

Barrell Energy I www.barrellenergy.com

Wallbox N.V. (NYSE: WBX) (“Wallbox” or the “Company” and together with its consolidated subsidiaries, the “Group”), a global provider of electric vehicle charging and energy management solutions, has agreed on the final terms to implement a comprehensive restructuring plan, subject to signing of the relevant documentation, court approval and customary conditions. This agreement builds on the preliminary agreement announced on December 1, 2025, and March 4, 2026, and reflects the principal formalizing of the restructuring terms and advancing toward full implementation.

The plan has been agreed with major financial creditors representing more than 83% of the Group’s financial debt, and with certain key shareholders, Wallbox’ CEO, and new institutional investors through a capital increase. Through this process, Wallbox aims to establish a sustainable long-term capital structure, secure sufficient liquidity to execute its business plan, and better align its future debt obligations with expected cash generation.

Framework Loans and Working Capital Financing

In line with previous announcement by the Company, Banco Santander, BBVA, CaixaBank and other principal lenders have agreed on the terms of the restructuring of Wallbox’s financial debt through a new framework structure, including extended maturities, amortization profiles and interest terms. The main terms and conditions of the debt, if and when the restructuring plan has been sanctioned and is effective, will be as follows:

• A €57.6 million framework loan maturing in December 2030. Amortization will begin in the third quarter of 2026, with interest gradually increasing through 2030.
• A €69.1 million bullet instrument, also maturing in December 2030, with payment-in-kind (PIK) interest capitalising to the outstanding principal balance upon maturity.
• A working capital framework for an approximate amount of €42.8 million, while preserving the key features of the existing working capital financing within a syndicated structure maturing on December 31, 2030.

The new debt instruments will be backed by a customary security package, including guarantees and pledges over certain Group assets, and will incorporate the standard terms and conditions typical of transactions of this nature.

New Money and Shareholder Capital Increase

In order to facilitate the debt refinancing of €169.6 million, the restructuring plan will contemplate a €10.65 million capital increase and up to €12.5 million of new financing from participating banks, structured as follows:

• €5.65 million capital injection expected to be provided by key strategic shareholders, comprising of Orilla Asset Management, S.L., Inversiones Financieras Perseo, S.L. (Iberdrola Group), AM Gestio, S.L., Consilium, S.L., Mingkiri, S.L. and Wallbox’s CEO (through an investment vehicle).
• €5 million capital injection expected to be provided by the Generalitat de Catalunya through IFEM (Instruments Financers per a Empreses Innovadores, S.L. Unipersonal).
• Up to €12.5 million in new financing by participating banks to support the Company’s working capital and optimize its cash management, with 50% of the facility to be guaranteed by an export credit agency. Failing such guarantee, the total amount may be reduced to the amount of the bank interim financing detailed below.

As an initial support measure, the Company is expected to receive a total of €11 million in interim financing. This includes €5.65 million to be provided by the aforementioned shareholders, which will be advanced through a bridge loan upon signing of the restructuring plan and is expected to be converted into equity when the capital increase is completed; as well as €5.35 million of interim financing from participating banks, forming part of the overall new financing cap of €12.5 million.

Once signed, the restructuring plan will be submitted in the following days to the Commercial Section of the Court of First Instance of Barcelona for sanctioning. If the court approves the plan and certain customary conditions precedent are satisfied, the restructuring plan will become binding on all affected financial and non-financial creditors and, subject to the execution of relevant definitive documentation and the satisfaction of customary documentary conditions precedent, the restructuring will become effective.

Enric Asunción, co-founder and CEO of Wallbox, said: “This milestone strengthens our financial position and marks the beginning of the next phase for the company, where we will focus on improving operational performance and consolidating our business in key markets.”

Wallbox | www.wallbox.com

According to MarketsandMarkets, the global Floating Offshore Wind Market size is projected to grow from USD 3.16 billion in 2026 to USD 25.40 billion by 2031 at a compound annual growth rate (CAGR) of 51.7% during the forecast period.

Browse 150 market data Tables and 50 Figures spread through 375 Pages and in-depth TOC on "Floating Offshore Wind Market - Global Forecast to 2031"

This rapid expansion underscores the increasing viability of floating wind technology in unlocking deep-water wind resources that remain inaccessible to conventional fixed-bottom installations. The strong growth trajectory is primarily supported by favorable government policies, rising investments in renewable energy infrastructure, and the urgent need to diversify energy sources amid global decarbonization targets. As countries accelerate offshore wind deployment to meet net-zero commitments, floating wind is emerging as a critical enabler, particularly in regions with limited shallow-water sites.

Furthermore, the anticipated market expansion reflects a transition from early-stage pilot projects to large-scale commercial deployments, driven by technological advancements and improving project economics. The significant CAGR also indicates growing investor confidence, as developers and energy majors increasingly commit capital toward floating wind projects. Advancements in turbine capacities, optimized floating platform designs, and enhanced installation methodologies are expected to drive cost reductions, making projects more competitive with traditional energy sources. In parallel, strengthening supply chains, expanding port infrastructure, and increasing collaboration across stakeholders are further reinforcing the market's scalability. Collectively, these factors position the Floating Offshore Wind Market as one of the fastest-growing segments within the global renewable energy landscape over the coming decade.

Floating Offshore Wind Market Size & Forecast:

• Market Size Available for Years: 2023–2031
• 2025 Market Size: USD 2.85 billion
• 2031 Projected Market Size: USD 25.40 billion
• CAGR (2026–2031): 51.7%

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Semi-submersible segment held the largest market share in the Floating Offshore Wind Market in 2025.

The semi-submersible platforms segment held the largest share of the Floating Offshore Wind Market in 2025, primarily due to its superior technical adaptability and commercial readiness. Semi-submersible structures offer enhanced stability through distributed buoyancy and a lower center of gravity, enabling deployment across a wide range of water depths, particularly beyond 60 meters, where fixed-bottom foundations are not viable. This flexibility has accelerated project adoption in key markets such as Europe and the Asia Pacific, where seabed conditions and deep-water sites favor these designs. Additionally, semi-submersible platforms benefit from simpler fabrication and assembly processes, often enabling onshore integration and tow-out installation, thereby reducing offshore construction risks and costs. Their compatibility with larger turbine ratings (10 MW and above) further strengthens their economic viability by improving capacity factors and lowering the levelized cost of energy (LCOE). As a result, leading developers and technology providers are increasingly prioritizing semi-submersible solutions, thereby reinforcing their dominant market position.

Asia Pacific is expected to be the fastest-growing region in the global Floating Offshore Wind Market during the forecast period.

Asia Pacific is expected to be the fastest-growing region in the global Floating Offshore Wind Market during the forecast period, driven by favorable geography, strong policy support, and rising energy demand. Countries in the region, including Japan and Taiwan, have deep coastal waters where floating wind technology is more practical than fixed-bottom installations, creating a natural demand pull. Governments are actively speeding up deployment through targeted policies, leasing rounds, and long-term decarbonization commitments, such as Japan's Green Growth Strategy. Additionally, increasing electricity demand, combined with limited land for onshore renewables, is encouraging countries to explore offshore solutions. The region is also seeing growing investments from global developers and local companies, along with strategic partnerships to localize supply chains and lower project costs. As technology advances and regulatory frameworks become more organized, the Asia Pacific is well-positioned to quickly move from pilot projects to commercial-scale floating wind farms, supporting its high growth trajectory.

Top Companies in Floating Offshore Wind Industry:

Key players in the global Floating Offshore Wind Market include GE Vernova (US), Siemens Gamesa Renewable Energy (Spain), Vestas Wind Systems A/S (Denmark), Mingyang Smart Energy Group Co., Ltd. (China), Goldwind (China), BW Ideol (France), Principle Power (US), SBM Offshore (Netherlands), Saipem SpA (Italy), Aker Solutions (Norway), X1 Wind (Spain), Hexicon AB (Sweden), Shanghai Electric (China), HD Hyundai Heavy Industries (South Korea), Japan Marine United Corporation (Japan), Saitec Offshore (Spain), Doosan Enerbility (South Korea), Stiesdal (Denmark), Dongfang Electric (China), Envision Group (China), CS Wind Corporation (South Korea), Seatrium (Singapore), Technip Energies (France), NOV (US), Gazelle Wind Power (Portugal), and GICON-GROßMANN INGENIEUR CONSULT GMBH (Germany).

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GE Vernova 

GE Vernova is a global energy technology company headquartered in Cambridge, Massachusetts, US. The company operates across three major segments: Power, Wind, and Electrification, supported by its Accelerator businesses, enabling integrated solutions for the global energy transition. The company provides its floating offshore wind products under the Wind segment. With more than 130 years of experience in energy technology, GE Vernova focuses on electrifying economies while simultaneously helping industries decarbonize. The company employs approximately 75,000 people across more than 100 countries, delivering technologies that support reliable, affordable, and sustainable electricity systems worldwide. The company's Wind segment includes advanced wind generation technologies encompassing onshore and offshore wind turbines, blades, and associated systems. GE Vernova engineers, manufactures, and commercializes wind turbines designed to support the decarbonization of the global energy sector. Its offshore wind business provides turbine technologies and development solutions for large-scale offshore wind farms. A flagship product in this segment is the Haliade-X 220-meter offshore wind turbine, one of the most powerful in operation, widely deployed in major projects such as the Vineyard Wind project in the US and the Dogger Bank offshore wind farm in the UK. GE Vernova also benefits from a large installed base and a strong service-oriented business model, which supports long-term revenue generation. The company maintains an installed base of more than 7,000 gas turbines and approximately 59,000 wind turbines globally, representing one of the largest fleets of power generation equipment in operation. Combined with a USD 86 billion services backlog, this installed base enables GE Vernova to expand service offerings, optimize asset performance, and support customers in maintaining reliable power generation infrastructure as the global energy system transitions toward lower-carbon technologies.

Siemens Gamesa Renewable Energy 

Siemens Gamesa Renewable Energy, a subsidiary of Siemens Energy, operates as a core business unit within Siemens Energy's portfolio, focusing on the global wind power market. The company's Wind Power business, Siemens Gamesa, focuses on the design, development, manufacturing, and installation of products, as well as the provision of technologically advanced services in the renewable energy sector, with a focus on onshore and offshore wind turbines for various wind conditions. Depending on customer requirements, Siemens Gamesa's scope of involvement may include either a full EPC project or the supply of wind turbine components only. The company plays a critical role in advancing offshore and floating wind deployment by leveraging its integrated capabilities across turbine engineering, project execution, and lifecycle services. Within Siemens Energy, Siemens Gamesa operates alongside other segments, including Gas Services, Grid Technologies, and Transformation of Industry, with floating offshore wind solutions specifically delivered through the Siemens Gamesa business segment. Siemens Gamesa offers a full-spectrum value proposition across the wind energy lifecycle. The company offers design, engineering, manufacturing, and installation of wind turbines based on both geared and direct drive technology. In addition, the company provides services for the operation and maintenance of wind farms, offering a comprehensive and flexible portfolio for the maintenance and optimization of wind turbines, thereby covering the entire operational product lifecycle. Complete asset management and technical support are offered for SG's wind turbines. The company's primary customers are large utilities, independent power producers and renewable energy project developers. The onshore wind energy market is characterized by many providers, with no single company currently holding a dominant market share. The Offshore wind energy market is served by a few experienced players. The competition in both markets is mainly driven by scale, technology, and market access challenges. Geographically, Siemens Gamesa maintains a strong global footprint with major operations across Europe (notably Spain, Denmark, and Germany), North America, and the Asia Pacific, alongside expanding offshore wind activities in markets such as the UK, Taiwan, and the US, supporting the global scale-up of both fixed-bottom and floating offshore wind projects.

MarketsandMarkets | https://www.marketsandmarkets.com/

Deep Sea Minerals Corp. (CSE: SEAS) (OTCQB: DSEAF) (FSE: X450) (“Deep Sea Minerals” or the “Company”), a subsea mineral exploration and development company focused on advancing critical mineral opportunities from the deep ocean, is pleased to announce that it has submitted an application to the U.S. National Oceanic and Atmospheric Administration (“NOAA”) pursuant to the Deep Seabed Hard Mineral Resources Act (“DSHMRA”). 

The application, submitted through the Company’s U.S. subsidiary, American Ocean Minerals Corp. (“American Ocean Minerals”), seeks an exploration license for polymetallic nodules in a defined area of the Clarion-Clipperton Zone in the Pacific Ocean. The submission includes technical, environmental, and operational information required under NOAA’s regulations, including baseline environmental data, proposed monitoring, and mitigation measures, as well as a description of planned exploration activities and associated expenditures. 

“This submission represents an initial step in the regulatory process under DSHMRA,” said James Deckelman, Chief Executive Officer of Deep Sea Minerals Corp. “We have structured the application to align with NOAA’s requirements and to outline a phased approach that includes environmental data collection and ongoing evaluation. We look forward to NOAA’s review and to engaging as part of that process.”  

The application outlined a staged program of activities, beginning with further data collection and environmental assessment to inform any future operations. Any exploration activities would be subject to applicable regulatory approvals and conditions. 

NOAA will conduct a review of the application for completeness and compliance with applicable statutory and regulatory requirements. The review process includes opportunities for public comment and interagency consultation.  

Deep Sea Minerals Corp. | https://www.deepseamineralscorp.com 

The Manitowoc Company, Inc. (NYSE: MTW) (the “Company” or “Manitowoc”) announced that Jennifer L. Peterson has been appointed Executive Vice President, Chief Legal and People Officer, and Secretary. In her expanded role, Ms. Peterson will lead Manitowoc’s global human resources, legal, and risk management functions.

“I am very pleased to have Jennifer assume this new leadership role at Manitowoc. Since 2022, Jennifer has been an integral leader of our executive management team, and she continues to strengthen our culture of integrity, service, and growth. Her leadership and experience help the business navigate the increasing demands of global legal, risk, and compliance programs,” commented Aaron H. Ravenscroft, President and Chief Executive Officer.

Ms. Peterson has nearly 25 years of legal experience from both in-house and private practice and has been an executive leader of the Manitowoc leadership team since being appointed as Executive Vice President, General Counsel, and Secretary in 2022. She joined Manitowoc in 2018 and has held positions of increasing responsibility within the legal department. Ms. Peterson has a Juris Doctor (J.D.) degree from the University of Wisconsin Law School and a Bachelor of Arts degree in Public Communications from the University of Wisconsin – Eau Claire.

The Manitowoc Company | www.manitowoc.com

Georgia Power recently started construction on a new 260 megawatt (MW) battery energy storage system (BESS) in Jefferson County, Ga. just outside of the City of Wadley. The project, approved by the Georgia Public Service Commission (PSC), is located beside the existing third-party owned Wadley solar facility and near existing transmission infrastructure. The new Wadley BESS is a company-owned asset that strengthens the grid and the area's growing renewable energy resources.

Members of the Jefferson County Board of Commissioners, the Wadley City Council, and other community partners joined Georgia Power leaders to break ground on the project, underscoring the strong partnerships that will help bring this project to life. The event spotlighted not only the importance of the project but also the lasting economic impact and benefits it will bring to Jefferson County.

"On behalf of the Jefferson County community, we welcome this Georgia Power project," said Mitchell McGraw, chairman of the Jefferson County Board of Commissioners. "We're so proud to have your investment in Jefferson County, and we hope for more in the future."

Designed to quickly dispatch stored energy over a four-hour period, the 260 MW system will strengthen reliability and support the growing mix of renewable resources on Georgia's electric system. At this battery and solar co-located facility, battery energy storage helps capture power generated by renewable resources to use during peak demand periods, such as on cold winter mornings. Battery energy storage helps capture renewable resources produced during periods when the demand for electricity is lower, to use when the demand is higher, such as on cold winter mornings. These projects help to address the state's growing power needs identified in the 2025 Integrated Resource Plan (IRP) in a cost-effective and strategic manner.

"At Georgia Power, our collaboration with the Georgia PSC and other stakeholders is key to making necessary investments for a reliable and resilient power grid," said Kerry Bridges, region executive for Georgia Power. "With the construction of the 260 MW BESS in Jefferson County, we are able to better serve our customers today and support Georgia's growth. As we expand our energy mix to include more renewable sources, these batteries will play an invaluable role in helping ensure reliability and flexibility, particularly when renewable sources are not available."

The Wadley BESS project, constructed by Burns & McDonnell, is expected to be completed in 2027.

Georgia Power adding BESS statewide
Across the state, Georgia Power is nearing completion of four new BESS facilities totaling 765 MW in Bibb, Cherokee, Floyd, and Lowndes counties, projects previously approved in the 2023 IRP Update.

Building on this momentum, the Georgia PSC approved the construction of nine new BESS facilities strategically placed on seven sites throughout the state, adding nearly 3,000 MW of additional planned storage. The sites were strategically selected based on deployment capabilities, including the opportunity to locate additional resources at existing company plant sites, existing company-owned land, and proximity to substations or current company facilities. New BESS facilities include locations at Plants Bowen, Hammond, McIntosh, Wansley and Yates and stand-alone locations in Hall and McDuffie counties.

To support the increasing demand for renewable energy, the company is also planning two new state-of-the-art solar systems paired with battery storage for a combined capacity of 350 MW. These projects are designed to maximize high solar irradiance, while minimizing land disturbance. New solar + BESS projects include locations in Laurens and Dougherty County.

Georgia Power | www.georgiapower.com