Financial Data and Key Metrics Changes - The company delivered $2.01 of FFO per unit, up 10% year-over-year, aligning with long-term growth targets [3][15] - In Q4, FFO was $346 million, up 14% year-over-year, or $0.51 per unit [15] - For the full year, FFO totaled $1,334 million, reflecting a 10% increase year-on-year [15] Business Line Data and Key Metrics Changes - The hydroelectric segment reported FFO of $607 million, a 19% increase from the prior year, driven by solid generation in Canada and Colombia [16] - The wind and solar segments generated a combined $648 million of FFO, supported by acquisitions and investments, though offset by prior year gains from asset sales [16] - Distributed energy storage and sustainable solutions achieved record results of $614 million, up almost 90% from the previous year, fueled by development growth and the acquisition of Neoen [17] Market Data and Key Metrics Changes - The company ended 2025 with $4.6 billion in available liquidity, maintaining a strong balance sheet and a BBB+ investment-grade credit rating [17][18] - The energy demand environment is shifting, with rising demand driven by electrification and industrial activity, leading to a focus on large-scale renewable energy additions [6][7] Company Strategy and Development Direction - The company is scaling development of low-cost, fast-to-market solar and onshore wind to meet accelerating power demand, targeting a run rate of approximately 10 GW of new capacity per year by 2027 [8] - Investments in hydro and nuclear are prioritized for their reliability and scale, with significant contracts signed with major corporates [9][10] - The company is positioned to capitalize on the growing demand for energy solutions, leveraging strong partnerships and access to capital [14] Management's Comments on Operating Environment and Future Outlook - Management highlighted the strategic priority of power globally, noting that energy demand is rising at unprecedented rates [5][6] - The company expects to see higher contracted power prices across its hydro portfolio as new contracts are layered in [42][43] - The outlook for battery storage is optimistic, with expectations to quadruple capacity over the next three years [12] Other Important Information - The company announced a 5% increase in annual distribution to $1.468 per unit, marking 15 consecutive years of annual distribution growth of at least 5% [25] - A fully discretionary $400 million at-the-market equity issuance program was announced to repurchase BEP L.P. units [24] Q&A Session Summary Question: Update on Microsoft Framework Agreement and project cadence - Management noted that demand from corporates, especially hyperscalers, is at an all-time high, with expectations for growth to accelerate from 2026 through the decade [27][29] Question: Commentary on balance sheet and liquidity - Management expressed comfort with maintaining liquidity around the $4 billion mark, emphasizing a focus on capital recycling to support growth [30][32] Question: Headwinds in U.S. project development - Management indicated no slowdown in solar projects, while acknowledging some permitting delays for onshore wind, but overall progress is being made [39][40] Question: Realized power prices for U.S. hydro segment - Management expects an increase in realized hydro prices due to high demand and new long-term contracts being layered in [41][42] Question: Capital recycling and repeat customers - Management confirmed that capital recycling activities have become a consistent source of funding and earnings, with expectations for continued growth [44][45] Question: Battery storage development and M&A opportunities - Management highlighted a strong organic development pipeline for batteries, with ongoing M&A opportunities being evaluated [65][66] Question: Offshore wind opportunities - Management is open to evaluating offshore wind opportunities, particularly in Europe, but will assess risk-return profiles carefully [68][70]

Financial Data and Key Metrics Changes - The company delivered $2.01 of FFO per unit, up 10% year-over-year, aligning with long-term growth targets [3][14] - In Q4, FFO was $346 million, up 14% year-over-year, or $0.51 per unit [14] - The company ended 2025 with $4.6 billion in available liquidity, maintaining a BBB+ investment-grade credit rating [16][17] Business Line Data and Key Metrics Changes - The hydroelectric segment generated FFO of $607 million, up 19% from the prior year, benefiting from solid generation in Canada and Colombia [15] - The wind and solar segments combined generated $648 million of FFO, supported by acquisitions and investments, though offset by prior year gains [15] - Distributed energy storage and sustainable solutions segments achieved record results of $614 million, up almost 90% from the prior year [16] Market Data and Key Metrics Changes - The energy demand is rising significantly, driven by electrification and industrial activity, with a shift from energy transition to energy addition [5][6] - The company is positioned to capitalize on the growing demand for reliable baseload power through hydro and nuclear assets [7][8] Company Strategy and Development Direction - The company is focusing on scaling development of low-cost, fast-to-market solar and onshore wind to meet accelerating power demand [7] - Investments in battery technology are expected to quadruple storage capacity to over 10 gigawatts in the next three years [11] - The company aims to maintain a disciplined approach to capital allocation while pursuing growth opportunities in hydro, nuclear, and battery storage [23] Management's Comments on Operating Environment and Future Outlook - Management highlighted the strategic priority of power globally, with a need for substantial new generation capacity [5] - The company sees a constructive environment for M&A and growth deployment, anticipating a period of attractive opportunities [49] - The scarcity value of hydroelectric power is at an all-time high, with strong demand for long-term contracts [38] Other Important Information - The company executed over $37 billion in financings in 2025, a record for the franchise [17] - The capital recycling program generated record proceeds of $4.5 billion, or $1.3 billion net to BEP [20] - An increase of over 5% in annual distribution to $1.468 per unit was announced, marking 15 consecutive years of growth [23] Q&A Session Summary Question: Update on Microsoft Framework Agreement and capacity cadence - Management noted that demand from corporates, including Microsoft, is at an all-time high, with expected growth in capacity from 2026 onwards [25][26] Question: Commentary on liquidity position and ratios - Management expressed comfort with maintaining liquidity around the $4 billion mark, complementing growth with capital recycling [27][28][29] Question: Headwinds in U.S. permitting for onshore wind and solar - Management indicated no slowdown in solar deployment, while acknowledging some permitting delays for onshore wind [34][35][36] Question: Realized hydro prices and future expectations - Management expects an increase in hydro prices due to high demand and new long-term contracts coming online [37][39] Question: Capital recycling and repeat customers - Management confirmed that capital recycling activities have become a consistent source of funding and earnings, with frameworks established for future sales [40][41][43] Question: Battery storage development and M&A opportunities - Management highlighted a strong organic development pipeline for batteries, with a focus on long-term contracts rather than merchant arbitrage [61][63] Question: Offshore wind opportunities - Management is evaluating offshore wind opportunities, particularly in Europe, while ensuring appropriate risk-return profiles [65][66] Question: Impact of PJM backstop auction on development - Management views the PJM auction as a reflection of energy demand, potentially facilitating new capacity additions, which is positive for the business [70][72]

Financial Data and Key Metrics Changes - The company delivered $2.01 of FFO per unit, up 10% year-over-year, aligning with long-term growth targets [3][14] - In Q4 2025, FFO was $346 million, a 14% increase year-over-year, or $0.51 per unit [14] - For the full year, FFO totaled $1,334 million, reflecting a 10% year-over-year growth [14] Business Line Data and Key Metrics Changes - The hydroelectric segment reported FFO of $607 million, up 19% from the prior year, driven by solid generation in Canada and Colombia [15] - The wind and solar segments generated a combined FFO of $648 million, supported by acquisitions and investments, though offset by prior year gains [15] - Distributed energy storage and sustainable solutions achieved record results of $614 million, up almost 90% from the previous year, driven by development growth and strong performance at Westinghouse [16] Market Data and Key Metrics Changes - The energy demand environment is experiencing unprecedented growth, driven by electrification and industrial activity, with a shift from energy transition to energy addition [5][6] - The company is positioned to capitalize on the demand for renewable energy, particularly in solar and onshore wind, with a target of delivering roughly 10 gigawatts of new capacity per year by 2027 [7][11] Company Strategy and Development Direction - The company is focusing on scaling development of low-cost, fast-to-market solar and onshore wind to meet rising power demand [7] - Investments in hydro and nuclear are emphasized for their reliability and scale, with significant contracts signed with major corporates [8][9] - The company aims to enhance its capital recycling program, generating significant liquidity and supporting growth initiatives [20][21] Management's Comments on Operating Environment and Future Outlook - Management highlighted the strategic priority of power globally, with energy demand rising at an unprecedented pace [5] - The company is optimistic about the future, expecting to enter a period of outsized earnings growth backed by strong partnerships and access to capital [12] - Management noted that the scarcity value of hydroelectric power is at an all-time high, with long-term contracts expected to drive higher power prices [39][40] Other Important Information - The company ended 2025 with $4.6 billion in available liquidity and reaffirmed its BBB+ investment-grade credit rating [16][17] - A 5% increase in annual distribution to $1.468 per unit was announced, marking 15 consecutive years of annual distribution growth [24] Q&A Session Summary Question: Update on Microsoft Framework Agreement projects - Management noted that demand from corporates, including Microsoft, is at an all-time high, with expectations for growth to accelerate through 2030 [26][27] Question: Commentary on balance sheet and liquidity - Management expressed comfort with maintaining liquidity around the $4 billion mark, emphasizing the importance of capital recycling to support growth [28][29][30] Question: Headwinds in U.S. project development - Management indicated no slowdown in solar projects, while acknowledging some permitting delays for onshore wind, but overall progress is being made [35][36] Question: Realized hydro prices and future expectations - Management expects an increase in realized hydro prices due to high demand and new long-term contracts coming online [38][40] Question: Capital recycling and repeat customers - Management confirmed that repeat customers streamline the asset recycling process, with expectations for continued growth in this area [41][42] Question: Battery storage development and revenue model - Management highlighted a strong organic development pipeline for batteries, with a shift towards long-term contracted revenue models [61][64] Question: Offshore wind opportunities - Management is evaluating offshore wind opportunities, particularly in Europe, but will only pursue if the risk-return profile is favorable [66][67] Question: Impact of PJM backstop auction on development - Management views the PJM auction as a positive reflection of energy demand, which aligns with the company's development pipeline [70][72]

Core Insights - The global rare earth element (REE) refining and separation capacities are highly concentrated, primarily in China, which poses risks for downstream manufacturers regarding lead times and supply continuity [1][2] - China has established significant dominance in the REE market through substantial investments, controlling approximately 70% of global REE extraction, 90% of separation and processing, and 93% of magnet manufacturing [2][3] - Europe is currently highly dependent on China for its REE supply, with efforts underway to reduce this dependency through various initiatives and investments [5][14] Group 1: China's Dominance in REE - China has invested between $9 billion and $10 billion in rare earth companies from 2010 to 2019, focusing on downstream operations, which has led to its control of 85%-90% of global rare earth refining capacity by 2019 [2][4] - The Chinese government has implemented a quota system and export controls, further solidifying its dominance in the REE market [10][11] - China's geographical advantages, including significant deposits and lower operational costs due to less stringent environmental regulations, contribute to its competitive edge [9][8] Group 2: Europe's Response and Initiatives - Europe is attempting to mitigate its dependency on China by developing national mineral strategies and initiatives like the Raw Materials Initiative and the European Critical Raw Materials Act (CRMA) [15][16] - The CRMA aims for 40% of processing across the strategic raw material supply chain to be domestic by 2030 and limits the share of any single third country to no more than 65% of the EU's annual needs [16][17] - The European Raw Materials Alliance (ERMA) has identified around €1.7 billion in potential investment needs to enhance Europe's REE extraction and processing capabilities [18] Group 3: Current and Future Projects in Europe - There are currently ten REE mines in the exploration stage in Europe, with several projects facing delays due to regulatory approvals and environmental scrutiny [21][23] - Two operational REE processing facilities exist in Europe, with one in La Rochelle, France, capable of processing all 17 rare earths, although its output is significantly lower than China's [24][25] - Magnet recycling initiatives are being developed to reduce dependency on China, with facilities starting production in Germany and a new plant by Caremag set to open this year [29][30] Group 4: Challenges Ahead - Despite ongoing efforts, Europe's upstream REE development capacity is unlikely to expand significantly in the near term due to stalled projects and regulatory challenges [23][22] - The complexity of establishing processing capacity for rare earths poses technical challenges and health risks, which may hinder progress [24] - China's established technical know-how and integrated downstream industries present significant barriers for Europe to overcome in its quest for independence [31]

Fiscal First Quarter 2026 Earnings Results Teleconference January 30, 2026 Forward-Looking Statements This presentation contains "forward-looking statements" within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including statements about earnings and capital expenditure guidance, business outlook, investment opportunities and potential transactions that are subject to ongoing negotiations and their expected impact and timing. These forward-looking statements are based o ...

Copper surged by the most in more than 16 years, after a wave of buying from Chinese investors triggered one of the most dramatic moves in the market’s history. Prices gained as much as 11% to trade above $14,500 a ton for the first time ever, before a sharp retracement on Thursday afternoon as the dollar jumped. Most Read from Bloomberg The industrial metal, which is used in almost every electrical application, has risen about 21% since the start of December, firing up copper bulls who have long been ...

Core Insights - RWE is set to construct a 400MW battery storage system in Lingen, Germany, which will be the largest in the region, with a storage capacity of at least 800 megawatt-hours and an operational start targeted for 2028 [1][2][3] Group 1: Project Details - The battery storage system will provide balancing energy to stabilize the electricity grid and will include over 200 lithium-ion battery units, more than 100 inverters, and various transformers [2][4] - Construction will begin on February 2, with preparation works already underway on an 8.5-hectare area, and all necessary permits have been secured [3][4] Group 2: Strategic Importance - The facility will enhance grid resilience and flexibility by providing instantaneous reserve and bridging short-term energy gaps, complementing gas-fired power plants [4] - RWE currently operates approximately 1.2GW of battery storage capacity globally and has over 2.7GW under construction, indicating a strong commitment to expanding its role in the energy transition [4]

CALGARY, Alberta, Jan. 29, 2026 (GLOBE NEWSWIRE) -- Condor Energies Inc. (“Condor” or the “Company”) (TSX: CDR), a Canadian based, internationally focused energy transition company with active operations in Central Asia is pleased to provide an update on its Uzbekistan and Türkiye projects. UZBEKISTAN DRILLING UPDATE The Company’s second well of its multi-well campaign, Andakli-21 (“A-21”), has reached TD at 3456 meters which includes 1279 meters of open hole lateral section, setting a record for the longes ...

Core Viewpoint - Aduro Clean Technologies Inc. has selected Chemelot Industrial Park in the Netherlands for its planned industrial scale-up facility, which will utilize Hydrochemolytic Technology for the chemical recycling of waste plastics, marking a significant step towards commercial operation [1][2]. Company Overview - Aduro Clean Technologies is focused on transforming lower value feedstocks, such as waste plastics and heavy bitumen, into valuable resources using patented water-based technologies [10]. - The company's Hydrochemolytic™ technology operates at relatively low temperatures and costs, aiming to convert low-value feedstocks into resources for the 21st century [10]. Facility Details - The planned facility will be a First-of-a-Kind (FOAK) industrial plant with an initial processing capacity of approximately 10,000 tonnes per year, with potential for phased expansion [7]. - The site selection process involved extensive due diligence across multiple candidate locations, ultimately choosing Chemelot for its technical, industrial, and strategic advantages [5][6]. Chemelot Industrial Park - Chemelot is a leading integrated chemical industry cluster in Europe, featuring shared utilities and a centralized wastewater treatment system, which supports efficient industrial project development [3]. - The site aims to transition towards a climate-neutral, circular chemistry and materials site, focusing on increasing the use of non-fossil and circular feedstocks [3][12]. Ecosystem and Innovation - Brightlands Chemelot Campus, located within Chemelot, serves as an open-innovation ecosystem that supports technology development and industrial implementation [4]. - Aduro has been part of the Brightlands ecosystem since 2021, contributing to its European technology development activities [4]. Strategic Importance - The selection of Chemelot aligns with the company's goal to transition from pilot-scale validation to a fully operational industrial facility capable of producing commercially relevant outputs [8]. - The facility is expected to enhance the existing ecosystem at Chemelot, contributing to the development of scalable circular feedstock routes [9].

Core Insights - Bowman Consulting Group Ltd. has been selected to lead surveying and geospatial services for a large-scale environmental closure and landfill development program in central Virginia, marking its first direct engagement with Glover Construction Co., Inc. [1][2] - The program is part of a statewide initiative to close and redevelop legacy energy infrastructure, focusing on the safe management of coal combustion residuals (CCR) in compliance with federal and state environmental standards [2][3] - The CEO of Bowman emphasized the company's commitment to technical innovation and operational efficiency in managing complex environmental and energy transition projects, supported by a strong geospatial team and advanced equipment [3] Company Overview - Bowman Consulting Group Ltd. is headquartered in Reston, Virginia, and operates as a national engineering services firm, providing infrastructure, technology, and project management solutions [4] - The company employs over 2,500 individuals across more than 100 locations in the United States, offering a wide range of services including planning, engineering, geospatial, and environmental consulting [4]