Daily brief
July 3, 2026.
20 quantum research items collected on 2026-07-03; hardware, control, and industry signals routed.
Quantum
20 quantum research items collected on 2026-07-03; hardware, control, and industry signals routed.Hardware and Error Correction
<p>A research consortium led by University of Michigan Engineering has secured a $4 million USD Phase 2 award in the National Science Foundation’s (NSF) National Virtual Quantum Laboratory design competition. The two-year project, titled Quantum Photonic Integration and Deployment (QuPID), is one of nine initiatives selected to design plug-and-play photonic circuits that tra...
CCRAFT Secures $11.3 Million and Expands Independent TFLN Photonic Chip Foundry
<p>Swiss deep-tech innovator CCRAFT has successfully finalized an oversubscribed $7.8 million USD (CHF 6.3 million) Series A funding round led by QBIT Capital, with active capital injections from Zürcher Kantonalbank, Apprecia Capital, Spacewalk, and Blue Wonder Ventures. When combined with an additional $3.5 million USD in previously secured public funding and cantonal gran...
Qolab Closes $54.2 Million Series B to Accelerate Scalable Superconducting Quantum Processors
<p>Utility-scale quantum hardware developer Qolab Inc. has announced the final closings of its $54.2 million USD Series B financing round. The capital pool consists of primary Series B Preferred Stock investments combined with the conversion of $12.6 million in convertible debt and an additional $10 million structured commitment for future convertible securities. The oversub...
IQM Joins Nasdaq as Public Quantum Computing Company
<a href="https://thequantuminsider.com/2026/07/03/iqm-begins-trading-on-nasdaq/" rel="nofollow" title="IQM Joins Nasdaq as Public Quantum Computing Company"><img alt="IQM" class="webfeedsFeaturedVisual wp-post-image" height="737" src="https://thequantuminsider.com/wp-content/uploads/2026/07/2026-07-03_14-41.png" style="display: block; margin: auto; margin-bottom: 10px;" widt...
University of Michigan-Led Quantum Photonics Project Receives $4 Million NSF Award
<a href="https://thequantuminsider.com/2026/07/02/institute-of-optical-science-advances-with-4-million-nsf-quantum-award/" rel="nofollow" title="University of Michigan-Led Quantum Photonics Project Receives $4 Million NSF Award"><img alt="Ohio State university logo - TQI" class="webfeedsFeaturedVisual wp-post-image" height="713" src="https://thequantuminsider.com/wp-content/...
Qolab Secures $54.2 Million in Series B to Advance Superconducting Quantum Computing
<a href="https://thequantuminsider.com/2026/07/02/qolab-announces-54-2-million-series-b-financing-and-commitments-led-by-uc-investments/" rel="nofollow" title="Qolab Secures $54.2 Million in Series B to Advance Superconducting Quantum Computing"><img alt="Qolab team" class="webfeedsFeaturedVisual wp-post-image" height="711" src="https://thequantuminsider.com/wp-content/uploa...
Control and Quantum-AI Integration
WiMi Researches Neural Networks for Twin-Field Quantum Key Distribution Parameter Optimization
<p>WiMi Hologram Cloud Inc. (NASDAQ: WiMi) has announced ongoing research into the utilization of machine learning models to optimize operational parameters within Twin-Field Quantum Key Distribution (TF-QKD) architectures. The technical initiative aims to leverage the non-linear fitting and generalization capabilities of neural networks to predict optimal system configurati...
Commercial and Industry Context
SEEQC Files Form S-1 for Nasdaq IPO Parallel to Ongoing Allegro Merger Process
<p>Quantum hardware infrastructure company SEEQC, Inc. has filed a Form S-1 registration statement with the U.S. Securities and Exchange Commission (SEC) to launch a proposed initial public offering of its common stock. The Elmsford, New York-based manufacturer intends to list its common shares on the Nasdaq Global Market under the reserved ticker symbol SEQC. Financial [......
qBraid Establishes QUEST Program to Deliver Unified Cloud-Based QPU Access to 40 Universities
<p>Quantum software and cloud infrastructure provider qBraid has launched the Quantum University Education and Support Track (QUEST), a workforce-development initiative designed to integrate physical quantum computing hardware directly into university classrooms. Spanning the 2026–2027 academic year, the program pools quantum processing unit (QPU) resources from multiple har...
JIJ and Kobe Steel Sign Framework Agreement to Launch Quantum Center of Excellence
<p>Tokyo-based software startup JIJ Inc. has signed a multi-year framework agreement with industrial manufacturer Kobe Steel, Ltd. to accelerate the adoption of quantum computing and mathematical optimization across the KOBELCO Group. Under the agreement, the companies will launch a structured initiative to establish a collaborative Quantum Center of Excellence (Quantum CoE)...
<p>Industrial neutral-atom quantum hardware manufacturer Pasqal, acting through its newly integrated Canadian subsidiary Aeponyx, has announced the creation of a specialized Center of Competency in Photonic Integrated Circuit (PIC) Packaging for quantum and advanced sensing applications. Headquartered at the MiQro Innovation Collaborative Center (C2MI) in Bromont, Quebec, th...
<p>Following the formal completion of its business combination with Real Asset Acquisition Corp., IQM Quantum Computers officially commenced day-one public trading on the Nasdaq Global Select Market under the ticker symbol IQMX. The public debut marks the first time a European quantum hardware developer has listed on a major United States stock exchange. Supported by [...]</...
<p>Indian quantum cybersecurity pioneer QNu Labs has executed a strategic partnership agreement with U.S.-based technology consulting firm SAGA Consultants to accelerate the global distribution and deployment of quantum-safe security solutions. Orchestrated by QNu Labs CEO and Co-Founder Sunil Gupta and SAGA Consultants CEO Shamini Wijay, the commercial framework merges QNu...
<a href="https://thequantuminsider.com/2026/07/03/ohio-state-led-team-secures-nsf-award-to-advance-to-next-phase-of-the-national-quantum-virtual-laboratory-program/" rel="nofollow" title="Ohio State-led Team Secures NSF Award to Advance to Next Phase of the National Quantum Virtual Laboratory Program"><img alt="Ohio State campus and the Columbus skyline in the background" cl...
PostScriptum Invests in Quantum Hardware Developer SemiQon
<a href="https://thequantuminsider.com/2026/07/03/postscriptum-invests-in-quantum-hardware-developer-semiqon/" rel="nofollow" title="PostScriptum Invests in Quantum Hardware Developer SemiQon"><img alt="SemiQon" class="webfeedsFeaturedVisual wp-post-image" height="1500" src="https://thequantuminsider.com/wp-content/uploads/2026/07/postscriptum.png" style="display: block; mar...
Unrouted Items
Xdotz Unveils Quantum Current Sensor ‘XSI’ for the First Time at Quantum Korea 2026
<a href="https://thequantuminsider.com/2026/07/03/xdotz-unveils-quantum-current-sensor-xsi-for-the-first-time-at-quantum-korea-2026/" rel="nofollow" title="Xdotz Unveils Quantum Current Sensor ‘XSI’ for the First Time at Quantum Korea 2026"><img alt="Xdotz Quantum Sensors" class="webfeedsFeaturedVisual wp-post-image" height="721" src="https://thequantuminsider.co...
Legacy, Labs And Leadership: A Look at The University of Texas’s Quantum Ecosystem
<a href="https://thequantuminsider.com/2026/07/03/legacy-labs-and-leadership-a-look-at-the-university-of-texass-quantum-ecosystem/" rel="nofollow" title="Legacy, Labs And Leadership: A Look at The University of Texas’s Quantum Ecosystem"><img alt="UT Quantum" class="webfeedsFeaturedVisual wp-post-image" height="1216" src="https://thequantuminsider.com/wp-content/upload...
Chips
45 chip stack items collected on 2026-07-03; memory, packaging, compute, and foundry signals routed.Compute Accelerators
NAVER Expands AI Infrastructure With NVIDIA to Serve Surging Global AI Demand
NVIDIA and NAVER today announced that NAVER will expand sovereign AI infrastructure, starting at 55 megawatts with plans to move to gigawatt scale using the NVIDIA DSX™ platform to rapidly design, build and scale full-stack, end-to-end AI platforms that can serve enterprises, industries and government.
NVIDIA RTX PRO Servers With Blackwell Coming to World’s Most Popular Enterprise Systems
NVIDIA today announced that the NVIDIA RTX PRO™ 6000 Blackwell Server Edition GPU is coming to the world’s most popular enterprise servers, speeding the shift from traditional CPU systems to accelerated computing platforms.
NVIDIA Builds World’s First Industrial AI Cloud to Advance European Manufacturing
NVIDIA today announced it is building the world’s first industrial AI cloud for European manufacturers. This Germany-based AI factory will feature 10,000 GPUs, including through NVIDIA DGX™ B200 systems and NVIDIA RTX PRO™ Servers, and enable Europe’s industrial leaders to accelerate every manufacturing application, from design, engineering and simulation to factory digital...
NVIDIA DGX Cloud Lepton Connects Europe’s Developers to Global NVIDIA Compute Ecosystem
NVIDIA today announced the expansion of NVIDIA DGX Cloud Lepton™ — an AI platform featuring a global compute marketplace that connects developers building agentic and physical AI applications — with GPUs now available from a growing network of cloud providers.
Europe Builds AI Infrastructure With NVIDIA to Fuel Region’s Next Industrial Transformation
NVIDIA today announced it is working with European nations, and technology and industry leaders, to build NVIDIA Blackwell AI infrastructure that will strengthen digital sovereignty, support economic growth and position the continent as a leader in the AI industrial revolution.
NVIDIA Announces DGX Cloud Lepton to Connect Developers to NVIDIA’s Global Compute Ecosystem
NVIDIA today announced NVIDIA DGX Cloud Lepton™ — an AI platform with a compute marketplace that connects the world’s developers building agentic and physical AI applications with tens of thousands of GPUs, available from a global network of cloud providers.
Foxconn Builds AI Factory in Partnership With Taiwan and NVIDIA
NVIDIA and Foxconn Hon Hai Technology Group today announced they are deepening their longstanding partnership and are working with the Taiwan government to build an AI factory supercomputer that will deliver state-of-the-art NVIDIA Blackwell infrastructure to researchers, startups and industries.
NVIDIA Blackwell GeForce RTX Arrives for Every Gamer, Starting at $299
NVIDIA today announced the NVIDIA GeForce RTX™ 5060 family of GPUs, including two graphics cards that deliver neural rendering and NVIDIA Blackwell architecture innovations for every gamer — starting at just $299.
Foundry, Tools, and Capex
<p>S. Korea goes All In on AI; new Dresden power fab; Intel expansion; GM secures memory supply; AI power management funding; mature-node foundry capacity; 300mm fab equipment; McKinsey's map of strategic IC supply; security threats; AI burnout.</p> <p>The post <a href="https://semiengineering.com/chip-industry-week-in-review-145/">Chip Industry Week In Review</a> appeared f...
Unrouted Items
NVIDIA and SK hynix Announce Multiyear Technology Partnership to Advance Memory for AI Factories
NVIDIA and SK hynix today announced a multiyear technology partnership to advance next-generation memory for the global AI factory buildout and accelerate semiconductor design and manufacturing.
SK Telecom and NVIDIA Build AI Infrastructure to Power Korea’s AI Innovation
NVIDIA and SK Telecom today announced that SK Telecom plans to build a gigawatt-scale AI Cloud in Korea using the NVIDIA DSX™ platform, with the first AI factory coming online in 2027.
NVIDIA and Global Telecom Leaders Commit to Build 6G on Open and Secure AI-Native Platforms
NVIDIA today announced a commitment — together with Booz Allen, BT Group, Cisco, Deutsche Telekom, Ericsson, MITRE, Nokia, OCUDU Ecosystem Foundation, ODC, SK Telecom, SoftBank Corp. and T-Mobile — to build the world’s next generation of wireless networks on AI-native, open, secure and trustworthy platforms.
NVIDIA today announced a collaboration with Palantir Technologies Inc. to build a first-of-its-kind integrated technology stack for operational AI — including analytics capabilities, reference workflows, automation features and customizable, specialized AI agents — to accelerate and optimize complex enterprise and government systems.
NVIDIA Partners With Novo Nordisk and DCAI to Advance Drug Discovery
NVIDIA today announced a collaboration with Novo Nordisk to accelerate drug discovery efforts through innovative AI use cases. The work supports Novo Nordisk’s agreement with DCAI to use the Gefion sovereign AI supercomputer.
Siemens and NVIDIA Expand Partnership to Accelerate AI Capabilities in Manufacturing
Siemens and NVIDIA announced today an expansion of their partnership to accelerate the next era of industrial AI and digitalization and enable the factory of the future.
NVIDIA Partners With Europe Model Builders and Cloud Providers to Accelerate Region’s Leap Into AI
NVIDIA GTC Paris at VivaTech—NVIDIA today announced that it is teaming with model builders and cloud providers across Europe and the Middle East to optimize sovereign large language models...
NVIDIA Powers Europe’s Fastest Supercomputer
NVIDIA today announced that the JUPITER supercomputer, powered by the NVIDIA Grace Hopper™ platform, is the fastest in Europe — delivering a more than 2x speedup for high-performance computing and AI workloads compared with the next-fastest system.
NVIDIA RTX PRO Servers Speed Trillion-Dollar Enterprise IT Industry Transition to AI Factories
NVIDIA today announced it is speeding the trillion-dollar IT infrastructure transition to enterprise AI factories with NVIDIA RTX PRO™ Servers and a new NVIDIA Enterprise AI Factory validated design for building data centers that deliver universal acceleration for AI, design, engineering and business applications.
NVIDIA Launches AI-First DGX Personal Computing Systems With Global Computer Makers
NVIDIA today announced that Taiwan’s leading system manufacturers are set to build NVIDIA DGX Spark and DGX Station™ systems.
NVIDIA and the Kingdom of Saudi Arabia (KSA) today announced partnerships to transform the country into a global powerhouse in AI, cloud and enterprise computing, digital twins and robotics.
HUMAIN and NVIDIA Announce Strategic Partnership to Build AI Factories of the Future in Saudi Arabia
HUMAIN, the new full AI value chain subsidiary of Saudi Arabia’s Public Investment Fund, today announced a landmark strategic partnership with NVIDIA, the world leader in AI computing infrastructure, to drive the next wave of artificial intelligence development.
NVIDIA Introduces HGX-2, Fusing HPC and AI Computing into Unified Architecture
GTC Taiwan—NVIDIA today introduced NVIDIA HGX-2, the first unified computing platform for both artificial intelligence and high performance computing.
How Architecture Firm WBCM Is Moving to 100% Virtualization
<p>Small IT teams often have to play big to keep up with their firm’s global operations. That’s the case at Whitney Bailey Cox & Magnani, LLC (WBCM), an architecture, engineering and construction services group that designs and builds projects for the U.S. Army Corps of Engineers, the NFL’s Baltimore Ravens, Lockheed Martin, the Ritz-Carlton and […]</p> <p>The post...
Rendering Made Easy: Iray Server Makes Light Work of Complex Designs
<p>Ever wish you could harness the power of an entire network of workstations to make light work of your most complex designs? Now you can, with Iray Server, our distributed rendering software. Available for a free 90-day trial starting today, Iray Server coordinates a network of machines as a “cluster” to speed the creation of… <a href="http://blogs.nvidia.com/blog/20...
More Users, Better Performance: NVIDIA GRID Boosts Blast Extreme in VMware Horizon
<p>What IT department wouldn’t want to be able to do more with their current infrastructure? With NVIDIA GRID, they can. NVIDIA GRID acceleration of Blast Extreme — a new protocol for optimizing the mobile cloud — is now supported in VMware Horizon 7. What’s that mean for IT managers? Reduced latency. Improved performance. And up… <a href="http://blogs.nvidia.com/blog/...
How Virtual Reality Is Making the Leap into Everyday Life
<p>Headlines about virtual reality often focus on how it’s upending the world of gaming. But VR is also revolutionizing fields across everyday life — areas like medicine, architecture, education, product design and retailing. A great example is Audi’s new virtual showroom where you can explore each of their models in vivid detail through VR. The German… <a href="http:/...
AMD Commits up to £2 Billion to Accelerate AI Innovation and Research in the United Kingdom
AMD Announces More Than $10 Billion in Taiwan Ecosystem Investments to Accelerate AI Infrastructure
AMD Gives Consumers and Businesses More AI PC Options with Expanded Ryzen™ AI 400 Series Portfolio
AI Data Centers And Auto Industry Converge On Same Issues
<p>The EV revolution relies on battery innovation, while AI data centers need a range of new energy solutions to play nice with the grid. Both sectors are taking notes.</p> <p>The post <a href="https://semiengineering.com/ai-data-centers-and-auto-industry-converge-on-same-issues/">AI Data Centers And Auto Industry Converge On Same Issues</a> appeared first on <a href="https:...
Defending Against AI-Enabled Data Fusion
<p>As multimodal AI fuses data from billions of devices, attackers can weaponize detailed digital twins of people or systems. </p> <p>The post <a href="https://semiengineering.com/defending-against-ai-enabled-data-fusion/">Defending Against AI-Enabled Data Fusion</a> appeared first on <a href="https://semiengineering.com">Semiconductor Engineering</a>.</p>
Three Things DSP Adoption Can Teach Us About Edge AI
<p>What happens when adoption is limited not by the silicon itself, but the development model around it.</p> <p>The post <a href="https://semiengineering.com/three-things-dsp-adoption-can-teach-us-about-edge-ai/">Three Things DSP Adoption Can Teach Us About Edge AI</a> appeared first on <a href="https://semiengineering.com">Semiconductor Engineering</a>.</p>
NVMe 2.0 Explained: What’s New And Why It Matters
<p>Expanding beyond traditional block-based SSD access with new command sets, broader media support, and improved transport organization.</p> <p>The post <a href="https://semiengineering.com/nvme-2-0-explained-whats-new-and-why-it-matters/">NVMe 2.0 Explained: What’s New And Why It Matters</a> appeared first on <a href="https://semiengineering.com">Semiconductor Engine...
Platform Firmware Resiliency: How To Protect Your Data Center From The Ground Up
<p>A structured way to contain firmware-based attacks before they escalate.</p> <p>The post <a href="https://semiengineering.com/platform-firmware-resiliency-how-to-protect-your-data-center-from-the-ground-up/">Platform Firmware Resiliency: How To Protect Your Data Center From The Ground Up</a> appeared first on <a href="https://semiengineering.com">Semiconductor Engineering...
Breaking LLMs With Fuzzing: Inside GPTFuzz’s Automated Jailbreak Machine
<p>Uncovering jailbreaks and unsafe behaviors by systematically probing model inputs at scale.</p> <p>The post <a href="https://semiengineering.com/breaking-llms-with-fuzzing-inside-gptfuzzs-automated-jailbreak-machine/">Breaking LLMs With Fuzzing: Inside GPTFuzz’s Automated Jailbreak Machine</a> appeared first on <a href="https://semiengineering.com">Semiconductor Eng...
Power
30 power layer items collected on 2026-07-03; data center load, grid, generation, and cooling signals routed.Data Center Power Demand
Metered electricity demand in the New York ISO falls midday because of small-scale solar
An increase in electricity generation from small-scale solar in New York has decreased the midday demand for metered electricity, amid overall declining load in the state. The trend is particularly notable in the early spring (March and April), when solar generation has an outsized impact because demand is relatively low and conditions for solar generation are favorable.
Data center server energy use grows across the commercial building stock
In the Annual Energy Outlook 2026 (AEO2026), our long-term outlook, we project electricity consumed by data center servers will increase across the commercial building stock, increasing more in standalone data centers than in all other data center rooms combined. By 2050, server consumption alone reaches between 446 billion kilowatthours (BkWh) and 818 billion BkWh. The high...
Commercial electricity sales have soared in Virginia, driven by data centers
Commercial electricity sales in Virginia increased by nearly 30.0 million megawatthours (MWh) between 2019 and 2025, much faster growth than in any other state except Texas, a much larger state, according to our Annual Electric Power Industry Report. The growth in sales of electricity in Virginia is largely driven by a concentration of data centers, as well as electric vehic...
ENKA and GE Vernova mark the start of commercial operation of Türkiye’s first HA-powered plant
Kırklareli, Türkiye - (May 12, 2026) ENKA and GE Vernova Inc (NYSE: GEV) today announced the start of commercial operations at the 852 megawatts (MW) Kırklareli power plant in Kırklareli, about 20 miles from the Bulgarian border in Türkiye. The facility is the first HA-powered plant
Grid and Generation
Solar generation in CAISO surpassed natural gas in the first five months of 2026
In the first five months of 2026, utility-scale solar generation surpassed natural gas generation in CAISO. Solar electricity generation in the California Independent System Operator (CAISO) over the first five months of 2026 increased 21% compared with the same period in 2024, and natural gas generation decreased by 60%, data from our Hourly Electric Grid Monitor shows.
Largest wind farm in the United States slated to begin commercial operations
The SunZia Wind Project, the largest wind farm in the United States, is slated to begin commercial operations this month. The wind farm, located in New Mexico, has a total net summer generating capacity of 3,650 megawatts (MW) and is composed of 916 wind turbines. SunZia's capacity is more than three times larger than the next two largest wind farms, Alta Wind in Southern Ca...
China's nuclear power capacity nearly doubled since 2016
From 2016 to 2024, China's nuclear generation capacity increased 76% (24 GW), based on our International Energy Statistics (IES) data. According to the International Atomic Energy Agency's Power Reactor Information System (PRIS), China added an additional 1.1 GW of nuclear power capacity in 2025 and 2.2 GW in 2026 (through May). China is continuing to build out its nuclear g...
Coal remains competitive for power generation in the central United States
In the first four months of 2026, electricity, natural gas, and coal prices suggested continued favorable economics for coal generation in MISO. The dark spread of coal, the difference between the fuel costs for coal-fired generation and the wholesale electricity price, in the Midcontinent Independent System Operator (MISO) region outpaced a similar measure of revenue relati...
Electricity generation from solar could exceed coal in ERCOT for the first time in 2026
In our most recent Short-Term Energy Outlook (STEO), we forecast that annual electric power generation from utility-scale solar will surpass that from coal for the first time in 2026 within the electricity grid that covers most of Texas. Solar generation is expected to reach 78 billion kilowatthours (BkWh) in 2026 in the electricity grid operated by the Electric Reliability...
Coal distributions for non-electric power use decline in the South
The volume of coal delivered in the United States for uses other than power generation—primarily, for manufacturing—decreased by about half in the last 15 years. Coal delivered for these purposes in the South decreased the most in percentage terms between 2010 and 2025, falling 75%, or 14.7 million short tons (MMst), according to our Annual Coal Distribution Report and Quart...
GE Vernova modernizes its R&D lab in Italy to support more reliable electric grids
NOVENTA DI PIAVE, Italy —June 30, 2026— GE Vernova today announced the completion of the modernization of its high-voltage research and development (R&D) laboratory at its Noventa di Piave site, near Venice, Italy. The lab tests equipment that helps electricity move safely from where it is
GE Vernova secures H-class equipment order for EVN’s Quang Trach II LNG Power Plant in Vietnam
HANOI, Vietnam - June 23, 2026 – GE Vernova Inc. (NYSE: GEV) today announced it has secured an order for two 9HA.02 gas turbines and two H78 generators for Vietnam Electricity’s (EVN) Quang Trach II LNG Power Plant in Vietnam. The new combined-cycle power plant is expected to generate
Cooling and Electrical Infrastructure
Most planned natural gas pipeline capacity additions in 2026 and 2027 originate in Texas
Developers plan to bring approximately 44.9 billion cubic feet per day (Bcf/d) of new pipeline capacity online in the United States in 2026 and 2027, according to our latest Natural Gas Pipeline Projects Tracker. Approximately 70% (31.6 Bcf/d) of this new capacity is already under construction. More than 66% (29.7 Bcf/d) of the capacity additions originate in Texas. Louisian...
Markets and Policy
Natural gas for power generation flat this summer, record high expected in 2027
We forecast natural gas consumption by the U.S. electric power sector this summer will remain near recent highs and set a record next summer in our May Short-Term Energy Outlook (STEO). Despite a 2% increase in overall U.S. electricity demand this summer, we expect natural gas-fired electricity generation to be similar to last summer, primarily because of forecast increased...
Unrouted Items
U.S. refining capacity decreased during 2025
U.S. operable atmospheric distillation capacity, the primary measure of refinery capacity, totaled 18.2 million barrels per calendar day (b/cd) on January 1, 2026-down over 250,000 b/cd (about 1%) compared with January 1, 2025-according to our latest annual Refinery Capacity Report.
U.S. commercial crude oil inventories have decreased in June
For the week ending June 19, 2026, U.S. refineries processed 17.1 million barrels per day (b/d) of crude oil, down 81,000 b/d from the previous week, and they operated at 96.1% capacity utilization. Gasoline production averaged 9.5 million b/d, and distillate production increased to 5.2 million b/d.
UAE's exit from OPEC+ reduced the group's share of crude oil production and capacity
On April 28, 2026, the United Arab Emirates (UAE) announced that it was leaving OPEC, effective on May 1. OPEC was formed in 1960 by Iraq, Iran, Kuwait, Saudi Arabia, and Venezuela, with the stated objective to "coordinate and unify petroleum policies among Member Countries." OPEC is best known for its effect on global crude oil prices.
U.S. natural gas storage capacity increased slightly in 2025
Underground working natural gas storage capacity in the Lower 48 states increased slightly in 2025, according to our latest data, with growth concentrated in the South Central and Mountain regions. Underground natural gas storage provides a source of energy when demand increases, balancing U.S. energy needs. We calculate natural gas storage capacity in two ways: demonstrated...
GE Vernova powers Africa’s industrialisation with integrated energy solutions
CAPE TOWN, South Africa (June 17, 2026) – In line with the Africa Energy Forum’s theme, ‘Building Africa’s industrialized Future,’ GE Vernova Inc. (NYSE: GEV) today showcased its comprehensive portfolio of technologies engineered to translate large-scale infrastructure ambitions into operational
GE Vernova to deliver pumped-storage technology for India’s 1.35 GW Upper Sileru hydropower plant
VADODARA, INDIA (May 4, 2026) – GE Vernova Inc. (NYSE: GEV) announced today that it has secured an order from Megha Engineering & Infrastructures Limited (MEIL) to deliver nine 150 MW pumped-storage units for the 1.35 GW Upper Sileru hydropower plant, located in the state of
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