Daily Digest for

JERA Nex bp (a 50:50 JV between JERA and bp) has been formed and the transaction completed on August 1, 2025.

• Main announcement: The 50:50 joint venture JERA Nex bp has been launched by JERA and bp with headquarters in London, a net potential generating capacity of 13GW (including ~1GW installed, a 7.5GW development pipeline and 4.5GW secured leases). The JV will develop, own and operate offshore wind projects globally and will leverage external capital and competitive financing. JERA Nex bp Japan has been established to focus on Japan, with Masato Yamada appointed CEO; the transaction completion date was August 1, 2025.
• Background and details: The JV combines JERA’s operational and delivery expertise with bp’s offshore energy experience, is headquartered in London, has offices across Europe, Asia, US and Australasia, and will prioritize disciplined, value-driven development from its existing pipeline. Press contacts and media relations for JERA Nex, Kekst CNC advisers (Lindsay Jepp and Matthew Burton), JERA press relations (Tokyo) and bp press office are provided in the release.

Navitas Semiconductor announced a strategic shift to prioritize AI data centers and related energy infrastructure, including new partnerships and product sample timelines.

• Main announcement: Navitas is directing investment and product focus to AI data centers and energy infrastructure, announcing that Nvidia has selected Navitas for next-generation 800-volt data centers, naming Powerchip as a new 8-inch GaN foundry partner, and committing to deliver final engineering samples in Q4 (this year) for multiple stages of the 800V data-center power chain.
• Background & specifics: Management reported Q2 revenue of $14.5 million, completed a capital raise with ~$97M net proceeds (described as “nearly $100M”), exited Q2 with $161M cash, provided Q3 revenue guidance of $10M ± $0.5M, and quantified market opportunity estimates including a $2.6 billion/year market opportunity by 2030 for GaN and SiC, plus stage-specific TAMs of $500M (SST/grid), $1.0B (800V→48V converters), and $1.2B (48V→12V converters); Powerchip’s 8-inch wafers (~80% more die per wafer vs 6-inch) are expected to support cost and margin improvements over the next 12–24 months.

Alcoa’s Australian unit signed a JDA with JAGA (Sojitz and JOGMEC) to study co-located gallium production at an alumina refinery in Western Australia, targeting FID by end-2025 and production in 2026.