Block ip Trap
TPI Composites Successfully Emerges from Chapter 11 under New Ownership; Reaffirms Long-Term Commitment to Wind Energy, Field Services, and Blade Manufacturing
Jul 07, 2026

TPI Composites Successfully Emerges from Chapter 11 under New Ownership; Reaffirms Long-Term Commitment to Wind Energy, Field Services, and Blade Manufacturing

TPI Composites, Inc., a leading independent manufacturer of composite wind blades, announced that it has successfully completed its financial restructuring and emerged from Chapter 11. Going forward, TPI's Iowa and Juarez, Mexico manufacturing businesses and its global field services business will continue to be operated under the TPI brand and owned by Energy Capital Partners, a leading private equity firm specializing in energy transition, electrification, and decarbonization infrastructure. With an optimized capital structure, no debt, and the financial backing of ECP, TPI emerges as a leaner, more agile enterprise.

Accelerating the North American Wind Market

TPI is anchoring its strategy around the robust North American wind energy market. Backed by ECP's extensive portfolio and deep expertise across the energy value chain, TPI will leverage its domestic and regional manufacturing footprint to meet the demand for advanced, utility-scale wind blade production in the United States and Mexico driven by America's surging electricity demand.

With a stronger balance sheet, TPI plans to accelerate its investment in manufacturing innovations—such as its BladeAssure digital quality suite—to deliver next-generation, high-performance composite solutions to the wind industry.

Expanding World-Class Field Services in North America and Europe

In addition to its premier manufacturing business, TPI is expanding its specialized Field Services division across both North America and Europe. As global wind fleets mature, the demand for highly technical inspection, preventative maintenance, and structural repair has intensified.

TPI's Field Services team offers utilities, wind farm owners and operators, and OEMs a global network of certified technicians, advanced diagnostics, and automated repair solutions. TPI's global service footprint can support wind assets across both continents to ensure maximum uptime, operational efficiency, and structural longevity throughout their lifecycles.

A Stronger Foundation for the Clean Energy Transition

"Today marks a transformative new chapter for TPI Composites," said Bill Siwek, President and CEO. "We have successfully restructured our balance sheet to emerge as a financially strong partner to our customers. Partnering with Energy Capital Partners gives us the stability and capital necessary to deepen our commitments to the North American manufacturing market and scale our critical Field Services teams across North America and Europe. We are incredibly grateful to our customers, suppliers, partners, professionals, and dedicated workforce for their unwavering support throughout this difficult process."

TPI Composites | https://tpicomposites.com/

Energy Capital Partners | https://www.ecpgp.com/

 

Adaptive Insurance Closes Additional $5M Financing to Expand Specialty Insurance Products Addressing Emerging Risks
Jul 07, 2026

Adaptive Insurance Closes Additional $5M Financing to Expand Specialty Insurance Products Addressing Emerging Risks

Adaptive Insurance, the climate resilience company building AI-driven specialty insurance and technology solutions, announced the close of an additional $5 million in financing from new and existing investors. The financing will accelerate the development and distribution of products designed to address the growing risks related to climate and weather events.

The funding includes participation from new investors IAG Firemark Ventures, Sunna Ventures, Room & Pillar, and Connecticut Innovations, alongside existing backers Congruent Ventures, Seraphim Space, and private stakeholders. The round brings Adaptive's total funding to $10 million and reflects the excitement in Adaptive's approach to helping businesses and homeowners build resilience against gaps created by climate volatility, decreasing traditional coverage, and shrinking support from governmental agencies and programs.

Funding Will Build on Momentum to Accelerate Growth

The investment will support Adaptive’s momentum to expand its specialty product portfolio, grow its agent and partner distribution network, and continue development of its proprietary climate intelligence platform. Funding comes as the scale of climate-related disruptions becomes impossible to ignore: Climate and weather events generated a $181 billion global protection gap in 2024 (Swiss Re, 2024), catastrophic climate events caused $115 billion in direct losses in 2025 (Climate Central, 2026), and FEMA cancelled $600M in Flood Mitigation Assistance grants across 36 states last year (Urban Institute/FEMA).

“Businesses and homeowners today face risks from multiple directions at once,” said Mike Gulla, CEO and Co-Founder of Adaptive Insurance. “We’re seeing coverage gaps where standard policies fall short. Product gaps where entirely new risks have outpaced what traditional insurance was built to address. And infrastructure gaps created by climate volatility, shifting populations, and shrinking public resources. Specialty insurance products have a critical role to play because they allow customers to build resilience, recover faster, and maintain continuity against increasingly unpredictable disruptions. This funding allows us to continue expanding development and distribution of our suite of products and the technology that supports them.”

Building the Next Generation of Specialty Insurance

Adaptive launched GridProtect in 2025, the first-of-its-kind parametric insurance for short-duration power outages that triggers predefined payouts based on verified outages using real-time third-party data. The company has since expanded its product suite with a wind/hail deductible buy-back solution to help residential and commercial clients reduce out-of-pocket deductible exposure and a flood product that provides greater protection and flexibility than the NFIP policy. The company also offers equipment breakdown coverage to commercial clients and powers Tokio Marine HCC’s Restaurant Recovery through its proprietary tech platform. Future products will continue the focus on technology-driven specialty solutions that fill gaps and help build resilience against emerging climate risks.

"What has impressed us most is Adaptive's ability to move from identifying a market need to launching products that deliver tangible value for customers,” said Kevin Kopczynski, Congruent Ventures. “The team has demonstrated strong execution, deep insurance expertise and a clear understanding of how climate and infrastructure risks are reshaping protection needs. We are excited to deepen our support as Adaptive enters its next phase of growth."

This sentiment is echoed by new investors who see Adaptive’s approach as a response to a broader market shift. "Consumers and businesses increasingly need insurance solutions that can adapt to risks that are evolving faster than traditional products were designed to address,” said Alex Guyer, at IAG Firemark Ventures. “We believe Adaptive’s team is building the type of technology-enabled specialty insurance platform that will play an important role in the future of resilience and risk management."

With climate and weather risks evolving faster than conventional coverage can adapt, Adaptive Insurance sees a significant opportunity to bring new forms of coverage to the shifting reality that consumers now face.

Adaptive Insurance | adaptiveinsurance.com

Onshore Wind Market Worth $321.14 Billion by 2035 | MarketsandMarkets
Jul 07, 2026

Onshore Wind Market Worth $321.14 Billion by 2035 | MarketsandMarkets

According to MarketsandMarkets, the global Onshore Wind Market size is projected to grow from USD 132.47 billion in 2026 to USD 321.14 billion by 2035 at a compound annual growth rate (CAGR) of 10.3% during the forecast period.

Browse 150 market data Tables and 60 Figures spread through 300 Pages and in-depth TOC on 'Onshore Wind Market - Global Forecast to 2035'

The market for onshore wind is showing signs of steady growth as more and more governments, utilities, and private players invest in renewable energy projects to increase energy security, reduce carbon emissions, and achieve other sustainability goals. In the turbine segment, installing more powerful and efficient turbines, especially those exceeding 5 MW, is helping increase energy generation while simultaneously reducing the cost of energy produced throughout the project's life cycle. The market for the electrical infrastructure segment is also gaining traction due to growing investment in substations, transformers, and transmission lines required to integrate wind energy into the grid. On the project front, many companies are using artificial intelligence for predictive maintenance, remote monitoring, digital twin technologies, and even drones to conduct inspections and avoid unplanned outages. Repowering projects and the use of battery energy storage systems (BESS) technology are further improving the efficiency of onshore wind projects.

Onshore Wind Market Size & Forecast:

  • Market Size Available for Years: 2023–2035
  • 2025 Market Size: USD 122.77 billion
  • 2035 Projected Market Size: USD 321.14 billion
  • CAGR (2026–2031): 10.3%

Onshore Wind Market Trends & Insights:

  • The Asia Pacific accounts for the largest market share of 71.0% in 2025.
  • By component, the turbines segment is projected to grow at a CAGR of 10.4% from 2026 to 2035.
  • By end user, the above 5 MW segment is projected to grow at the highest CAGR of 13.4% from 2026 to 2035.

Download PDF Brochure: https://www.marketsandmarkets.com/pdfdownloadNew.asp?id=193262426

By turbine rating, the 3-5 MW segment is expected to dominate the market during the forecast period.

By turbine rating, the 3–5 MW segment represents the largest share of the Onshore Wind Market and is expected to maintain its leading position throughout the forecast period. Its dominance is driven primarily by the balance it offers among power generation, capital investment, and operational efficiency, making it a preferred choice for utility-scale wind projects in both developed and emerging markets. Turbines in this range can deliver high energy output while remaining compatible with existing grid infrastructure and transportation logistics, thereby reducing deployment complexity compared with larger machines. They are also well-suited for repowering older wind farms, where replacing smaller legacy turbines with 3–5 MW models significantly improves energy yield without requiring extensive site expansion. In addition, continuous advancements in blade design, tower height, and control systems have enhanced the performance of 3–5 MW turbines, enabling them to operate efficiently across a wide range of wind conditions. Their proven reliability, attractive project economics, and widespread availability have encouraged developers and utilities to adopt this turbine class for new installations, reinforcing its position as the largest segment in the global Onshore Wind Market.

The Asia Pacific is expected to be the fastest-growing region during the forecast period.

The Onshore Wind Market throughout the Asia Pacific continues to grow due to large-scale investment, consistent, supportive renewable energy policy, and the increasing localization of wind energy equipment production. Governments throughout the region are strengthening their clean energy targets and introducing competitive bidding processes, transmission upgrades, and land allocation reforms that support the development and installation of new onshore wind projects. As evidence of continued investment by the private sector into onshore wind generating utility-scale capacity and long-term renewable energy purchase agreements, Suzlon Energy secured a 551.25 MW wind power order with the Aditya Birla Group for projects in Rajasthan and Gujarat in April 2024. Electricity demand growth, industrial decarbonization efforts, and corporate commitments to increase their use of renewable energy will drive the uptake of renewable energy resources in the Asia-Pacific region. Global Wind in China with total onshore installed wind capacity surpassed 590 GW at the end of the year 2025 with the addition of more than 113 GW of new onshore wind capacity throughout  2025 further consolidating China's position as the leader in the global Wind Power Market; India continued its strong growth trajectory, adding in excess of 6 GW of onshore wind projects annually, and surpassing 56 GW of cumulative installed onshore wind capacity by the end of 2026 due to the expansion of the already mature and successful onshore wind industry and compatible renewable energy policy, continuing to invest in larger turbine technology, domestic manufacturing capabilities, and integration of wind power to the grid.

Request Sample Pages: https://www.marketsandmarkets.com/requestsampleNew.asp?id=193262426

Top Companies in Onshore Wind Industry:

The Top Companies in Onshore Wind Market include Siemens Energy (Germany), Mingyang Smart Energy Group Co., Ltd (China), Vestas (Denmark), Goldwind (China), and GE Vernova (China). The major strategies adopted by these players include agreements, product launches, expansions, contracts, investments, partnerships, collaborations, announcements, and acquisitions.

MarketsandMarkets has been recognized as one of America's Best Management Consulting Firms by Forbes, as per their recent report.

MarketsandMarkets | www.marketsandmarkets.com

Jacobs Secures Owner’s Engineer Role for Wind Farm Project in South Australia
Jul 07, 2026

Jacobs Secures Owner’s Engineer Role for Wind Farm Project in South Australia

Jacobs (NYSE: J) was selected by Tilt Renewables, a leading wind developer and operator, as Owner’s Engineer for its 288-megawatt (MW) Palmer Wind Farm near Adelaide, South Australia. The project will feature 407.2MW wind turbine generators which will connect to the grid at 275 kilovolts (kV) via two new substations and transmission line to the existing Tungkillo switching station.

Jacobs will provide delivery phase services, including design and documentation review, construction monitoring, grid connection support, site inspections and more. The project will be delivered under separate contractors for Turbine Supply and Installation works, Balance of Plant works and grid connection works. Construction will commence in 2026 and is expected to be completed in 2028.

Jacobs Executive Vice President Fiachra Ó Cléirigh said: “Our appointment as Owner’s Engineer for Palmer Wind Farm reinforces Jacobs’ position as a trusted delivery partner in Australia’s growing renewables market and supports our ongoing relationship with Tilt Renewables. By combining deep technical knowledge with commercial insight and site-based experience, we will help manage delivery risks, optimize performance and enable safe, reliable operations.”

Palmer Wind Farm will contribute to South Australia’s renewable energy capacity, supporting energy security and helping advance Australia’s decarbonization goals.

This appointment builds on Jacobs’ project portfolio across Australia, including major wind projects in Queensland, New South Wales and Victoria. Jacobs has supported renewable developments across the region for decades and brings deep experience working with area network service providers. Jacobs is also the Delivery Partner supporting the Marinus Link interconnector project – an approximately 214-mile (345 kilometer) strategic subsea high-voltage cable connecting the island state of Tasmania to the mainland grid in Australia.

Jacobs | jacobs.com 

Tilt Renewables | https://tiltrenewables.com/

Weidmuller USA Announces Organizational Alignment to Accelerate Growth, Innovation and Customer Value
Jul 07, 2026

Weidmuller USA Announces Organizational Alignment to Accelerate Growth, Innovation and Customer Value

Weidmuller USA announced a strategic organizational alignment designed to enhance collaboration, streamline decision-making and position the company for continued growth in an increasingly dynamic industrial landscape.

Effective July 1, the organization will align around three core business models that reflect how customers design, build and scale their operations:

  • Components for Cabinet & Field
  • Systems & Solutions
  • Connectivity for Device Manufacturers

This evolution simplifies how Weidmuller brings products and solutions to market while strengthening its ability to deliver integrated, high-value offerings across industries.

Leadership Appointments Strengthen Strategic Focus

To support this evolution, Weidmuller USA has announced the following leadership appointments:

John Froustet

John Froustet has been named Senior Director, Product Portfolio Management, responsible for leading all product management functions across the organization. His team will drive product strategy and portfolio development across all three business models. 


Ken Crawford

Ken Crawford has been appointed Senior Director, Strategic Automation Solutions, focusing on advancing large-scale automation opportunities.


Carlus Hicks

Carlus Hicks will serve as Senior Director, Strategic Partnerships & Special Projects, responsible for expanding strategic partnerships, strengthening industry relationships and leading initiatives that support long-term growth, including channel and ecosystem development.

Positioned for the Next Phase of Growth

This organizational alignment reflects Weidmuller USA’s commitment to simplifying internal structures while enhancing the customer experience. By reducing complexity and strengthening collaboration, the company is better positioned to respond to market opportunities, deliver innovation at scale and support customers with speed, expertise and reliability.

“This alignment is a natural step forward as we continue to evolve with our customers and the markets we serve,” said Randy Sadler, President & CEO of Weidmuller USA. “By focusing our organization on how our customers operate, we are strengthening our ability to deliver meaningful solutions, move with greater agility and drive double-digit, yet sustainable growth.”

“Weidmuller USA’s organizational alignment reflects the kind of customer-centered operating model that industrial companies increasingly need to complete in today’s market,” said Craig Resnick, Vice President, ARC Advisory Group. “By aligning its portfolio, engineering, automation solutions and strategic partnerships more closely around how customers design, build and scale their operations, Weidmuller USA is strengthening its ability to accelerate growth, speed innovation and deliver greater customer value. This is especially important as the company expands its U.S. presence, invests in localized engineering and production capabilities and builds on its core virtues of listening to customers, engineering practical solutions and supporting long-term industrial transformation.”

Weidmuller USA remains fully committed to maintaining the highest standards of customer engagement, service and technical excellence.

Weidmuller USA | www.weidmuller.com

New Report Highlights Workforce Training Needs to Support Canada’s Transition to Electric School Buses
Jul 07, 2026

New Report Highlights Workforce Training Needs to Support Canada’s Transition to Electric School Buses

Electric school buses are playing an increasingly important role in reducing greenhouse gas emissions, improving air quality, and creating healthier transportation systems for students and communities across Canada. As adoption accelerates, a new report from Pollution Probe, developed in collaboration with Mobility Futures Lab, and funded by the Future Skills Centre (FSC) through the Government of Canada’s Future Skills Program, highlights the importance of ensuring that workforce training systems evolve alongside the technology.

Titled Amped Up: Upskilling Canada’s Heavy-Duty Vehicle Mechanics to Support the Transition to Electric School Buses, the report examines how the shift from diesel to electric school buses is transforming maintenance practices and identifies key gaps in technician training, certification pathways, and workforce readiness.

“The adoption of electric school buses offers a strong opportunity to advance healthier transportation systems and strengthen community wellbeing” said Melissa DeYoung, CEO of Pollution Probe. “As deployment continues to grow, it’s essential that workforce training systems evolve alongside the technology so technicians and fleets are prepared to support the transition and benefit from emerging opportunities in the low-carbon transportation sector.”

The report draws on stakeholder interviews with Canadian fleets, an inventory of existing Canadian training initiatives, and a review of electric school bus maintenance best practices. The findings point to the transition to electric school buses requiring technicians to develop new competencies in high-voltage safety, battery diagnostics, power electronics, and charging infrastructure management.

“The transition to a low-carbon economy requires not only new technologies, but also the skills to support their effective adoption,” said Noel Baldwin, Executive Director of the Future Skills Centre. “This report provides valuable insights into how workforce development can keep pace with the electrification of transportation systems.”

Key findings include:

  • High-voltage safety and electrical diagnostics represent a fundamental shift from traditional diesel maintenance
  • Training opportunities remain fragmented, with limited standardized and portable certification pathways
  • Access to training varies significantly across regions and fleet sizes
  • Charging infrastructure introduces new operational and maintenance responsibilities beyond the vehicle itself

The report outlines a set of recommendations for federal and provincial governments, training institutions, and industry stakeholders to strengthen workforce readiness. These include integrating electric vehicle content into core trade curricula, expanding modular upskilling programs for in-service technicians, and developing more consistent certification pathways.

As electric school bus deployment continues to grow across Canada, coordinated workforce development will play an important role in supporting cleaner transportation systems, strengthening technical capacity, and preparing workers for emerging opportunities in the low-carbon economy.

The full report is available HERE.

Pollution Probe | http://www.pollutionprobe.org

Mobility Futures Lab | https://mobilityfutureslab.ca/

Future Skills Centre | https://fsc-ccf.ca/

 

Yokogawa Awarded Main Automation Contractor Role for Commonwealth LNG Project
Jul 07, 2026

Yokogawa Awarded Main Automation Contractor Role for Commonwealth LNG Project

Yokogawa Corporation of America announces that it has been awarded the role of Main Automation Contractor (MAC) for the Commonwealth LNG project, a major liquefied natural gas (LNG) export development in Louisiana, USA. The contract was awarded by Technip Energies, the engineering, procurement, and construction (EPC) contractor for Commonwealth LNG, a Caturus company.

dockside aerial

The Commonwealth LNG Export Terminal (Graphic courtesy of Commonwealth LNG)

Under this agreement, Yokogawa will deliver a comprehensive scope as MAC, including engineering and design services, the delivery of an integrated control and safety system (ICSS), system integration, and project execution support. The scope also includes integration of multiple third-party subsystems and advanced automation applications, enabling a fully connected, safe, and efficient operational environment.

Located on the U.S. Gulf Coast near Cameron, Louisiana, the Commonwealth LNG facility is designed with a planned liquefaction capacity of approximately 9.5 million tons per annum (mtpa). The project includes six liquefaction trains, LNG storage infrastructure, and export facilities, and is expected to play a critical role in meeting growing global energy demand while strengthening the United States’ position as a leading LNG exporter.

The overall project is valued at $13 billion and has secured long-term offtake agreements with international energy companies. Project execution is expected to begin immediately, with system deliveries scheduled between 2027 milestones. Phase 1 of the project is targeted to begin operation in 2030.

Kevin McMillen, President and CEO of Yokogawa Corporation of America, stated, “We are honored to be selected as the main automation contractor for this landmark LNG project. Yokogawa brings deep expertise in delivering advanced automation solutions for large-scale, complex energy facilities. We are proud to collaborate with Technip Energies and our project partners during the execution phase, while building a long-term relationship with Commonwealth LNG to support safe, efficient, and reliable operations across the full lifecycle of the asset.”

This award further reinforces Yokogawa’s leadership in LNG automation and its commitment to delivering innovative solutions that support the evolving energy landscape. By combining deep domain expertise with advanced digital technologies, Yokogawa continues to help customers achieve operational excellence, improve safety, and maximize long-term value.

Yokogawa Corporation of America | www.yokogawa.com/us

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