energy

Energy developer Fusion Source Energy (FSE) and its partners have signed a memorandum of understanding with the on-chain physical asset platform Loaf to promote the issuance of over $500 million in Australian photovoltaic and battery projects on-chain, covering more than 1,000 hectares, led by the over 200 megawatt Project Amber. According to the memorandum, the funds raised are expected to accelerate project development and expand Amber's battery capacity.Amber is a utility-scale photovoltaic park that will deploy over 200 megawatts of photovoltaic and multi-hour battery storage on-site, with an expected annual power generation sufficient to meet the electricity needs of over 70,000 households, or equivalent to the electricity demand of a 50 megawatt data center. The project pipeline also includes battery storage assets below 5 megawatts and distributed energy resources, which are modular assets closer to the electricity end, capable of forming diversified energy revenue across multiple sites in Australia.FSE CEO Weiwei Shi stated that Amber is one of the largest hybrid on-site projects in the Southern Hemisphere, which have traditionally only been open to a few institutional investors. Loaf can expand the investor base without adding extra friction and provide continuous, transparent pricing for the assets.Loaf stated that Project Amber will become a key asset in its ecosystem. As the project matures and begins trading, users will be able to go long or short and use these assets within the on-chain financial ecosystem. Loaf will participate in the on-chain trading and issuance of physical assets, allowing users to access the economic upside and returns of related infrastructure assets.

The G7 leaders' statement reaffirms the commitment not to impose export restrictions on energy and energy products among the seven countries and calls on all producing countries to avoid implementing bans that could exacerbate market tensions.

Tesla (TSLA.O) deployed 13.7 gigawatt-hours of energy storage products in the third quarter.

French President Macron will host a video call with G7 leaders this Friday to discuss measures to address the global crude oil and refined oil markets. Macron has spoken on the phone with U.S. President Trump and Canadian Prime Minister Trudeau, and has requested EU partners to release additional diesel stocks in response to U.S. supply demands.

Gold stabilized after rising on Tuesday, as traders weighed the drop in oil prices easing concerns about energy-driven inflation against the pressure from high U.S. Treasury yields.The yield on the U.S. 30-year Treasury bond rose to its highest level since 2002 on Tuesday. The market will focus on U.S. personal consumption expenditure data and non-farm payroll data for clues on the future path of interest rates.

Elon Musk stated that SpaceX and Tesla aim to achieve 200 gigawatts of solar energy production annually.

The U.S. Department of Energy announced it will release up to 40 million barrels of oil from the Strategic Petroleum Reserve.

The Irish Minister for Energy stated that any U.S. diesel export ban would have a significant impact on the European Union.

Aave founder and CEO Stani Kulechov tweeted that he measures Aave's potential market by the range of assets that can be used as collateral; the more types of collateral assets there are, the greater the lending market opportunities.He stated that Aave started with crypto assets and then expanded into securities through tokenized stocks on Coinbase and Horizon RWA, and in the future will further cover assets such as solar energy, batteries, GPUs, robotics, and space infrastructure. He categorized the last type of assets, such as solar energy, batteries, and GPUs, as abundant assets.

Ukrainian President Zelensky stated that the United States is promoting three measures to de-escalate the war in Ukraine, including a ceasefire in the energy sector, reopening the grain corridor, and a trilateral meeting involving the U.S., Russia, and Ukraine. The U.S. suggested holding a technical team meeting first and proposed Abu Dhabi as the location for the talks.Zelensky mentioned that the G20 summit in December could also be an opportunity for a trilateral summit. Putin's envoy Dmitriev will arrive in New York on Thursday to meet with the U.S. envoy to discuss the plan.

The Organization for Economic Co-operation and Development (OECD) stated that investments driven by artificial intelligence have helped the global economy perform slightly better than expected this year, but the impact of commodity price shocks caused by conflicts in the Middle East is expected to weigh on economic growth momentum in 2027.The OECD predicts that the global economic growth rate will rise to 3%, down from the 3.1% forecast in June. AI infrastructure spending has become an important pillar supporting economic resilience, but the global outlook remains affected by factors such as fluctuations in the energy market.

According to the Gate Institutional Weekly Report, the market was influenced by energy shocks, persistent inflation, and interest rate hike expectations over the past week. WTI crude oil briefly surpassed $100, and the yield on the U.S. 10-year Treasury bond approached 5% during the session. BTC fell to about $76,800 during the week. Institutional funds showed significant differentiation, with a net outflow of about $463 million from BTC ETFs, while ETH ETFs saw a net inflow of about $197 million. Gate TradFi's weekly trading volume was approximately $120 billion, with a notable increase in commodity trading activity.In an environment where market volatility and asset rotation coexist, Gate continues to improve its multi-asset service system covering digital assets and traditional financial markets, forming a trading system that includes spot, contracts, stocks, ETFs, options, and other TradFi assets. Recently, Gate launched U.S. stock options trading services, providing more tools for institutions to participate in global diversified asset allocation.At the same time, Gate is continuously promoting the collaborative upgrade of institutional trading infrastructure by reducing cross-exchange trading costs, optimizing API trading capabilities, and improving anomaly handling mechanisms, further enhancing institutional trading efficiency and execution experience. The product collaboration between OES and CrossEx is also accelerating; currently, OES supports CrossEx trading settlement functions, which have entered the internal testing phase, covering key aspects such as trade execution, margin management, fund settlement, and API services, driving the development of institutional trading infrastructure towards greater efficiency and collaboration.

According to a survey by the Financial Times, the Polish state-owned energy company Orlen had prepaid $230 million to the Dubai trader Hannon International for the purchase of approximately 6 million barrels of Venezuelan crude oil, but ultimately received only about 500,000 barrels of fuel oil. During the transaction, part of the funds was converted into USDT and delivered to the Venezuelan side through intermediaries.Hannon stated that at least $132 million in USDT was given to two intermediaries, after which the two intermediaries went missing. After accounting for expenses such as tanker leasing and legal fees, the Polish government estimates that Orlen's total loss amounts to at least $424 million. Orlen is currently seeking to recover the advance payment through arbitration.

According to Cointelegraph, Tether's stablecoin USDT was involved in a failed oil deal in Venezuela, resulting in a loss of approximately $230 million for Polish state-owned energy giant Orlen.The transaction took place at the end of 2023, when Venezuela's state oil company PDVSA began requiring payments in USDT to evade U.S. financial sanctions. In November 2023, Samer Awad, a former executive of Orlen's trading subsidiary Orlen Trading Switzerland, led the procurement of 6 million barrels of Venezuelan crude oil from PDVSA. On December 4, Orlen transferred a $230 million advance payment to Dubai seller Hannon International Middle East, which exchanged USDT through multiple cryptocurrency brokers and intermediaries. However, most of the funds went missing during the transfers, and Orlen only received about $29 million worth of crude oil before terminating the contract.The flow of funds shows that Hannon exchanged $400,000 in commission for $80 million in USDT and transferred $135 million to Horizon Global, claiming to have only received $85 million in USDT. In January 2024, Hannon employees delivered two USB drives containing $60 million and $50 million in USDT to brokers in Caracas. In January 2025, the Warsaw regional prosecutor's office announced an investigation into the related oil contracts, involving losses of approximately $378 million.

Eurozone government bond prices fell on Friday, with the global bond market expected to record its worst weekly performance since the outbreak of the Iran war, as soaring energy prices forced central banks worldwide to take swift action against inflation. The European Central Bank raised interest rates by 25 basis points and adjusted its inflation and growth forecasts. The yield on Germany's two-year government bonds rose to 3.208%, the highest since October 2023.

SaxoBank pointed out that the supply risks in the Middle East continue to escalate, the US PPI is supported by a surge in diesel prices, European and American bond yields have risen significantly, and gold, copper, and the stock market are all under pressure.The market is concerned whether the energy shock will rewrite the Federal Reserve's interest rate expectations.