Cox, Deriva, Hy24 and EDF-linked hydrogen deal lead energy updates
Cox signed four agreements with El Salvador covering roughly $2.9 billion in planned investments, including two solar plants with initial 200 MW capacity and battery storage of 440–500 MWh. Deriva Energy secured $280 million for a 302 MW battery project in Oklahoma's Kay County, which is expected to be the largest in the Southwest Power Pool. Hy24 agreed to buy EDF's low-carbon hydrogen subsidiary Hynamics, with the deal expected to close in the first quarter of 2027.
Cox’s four pacts with El Salvador cover about $2.9 billion, including two solar farms starting at 200 MW and scaling to 400 MW, plus 440–500 MWh of batteries that could reach 1,000 MWh. The package also has a $1.8 billion LNG terminal and power plant and $600 million for water infrastructure; CEL will partner on solar, with international lenders and development institutions expected to fund a roughly three-year build.
Deriva closed $280 million for its 302 MW Frontier Energy Storage project in Kay County, Oklahoma, described as poised to be the Southwest Power Pool’s largest. CIBC and KeyBanc led; construction is underway, completion is due late 2027, and Oklahoma Gas & Electric will buy it under a build-transfer deal. Hy24 agreed to acquire EDF’s Hynamics through its Clean Hydrogen Infrastructure fund, targeting a Q1 2027 close.
Count? First paragraph: Cox’s(1) four(2) pacts(3) with(4) El(5) Salvador(6) cover(7) about(8) $2.9(9) billion,(10) including(11) two(12) solar(13) farms(14) starting(15) at(16) 200(17) MW(18) and(19) scaling(20) to(21) 400(22) MW,(23) plus(24) 440–500(25) MWh(26) of(27) batteries(28) that(29) could(30) reach(31) 1,000(32) MWh.(33) The(34) package(35) also(36) has(37) a(38) $1.8(39) billion(40) LNG(41) terminal(42) and(43) power(44) plant(45) and(46) $600(47) million(48) for(49) water(50) infrastructure;(51) CEL(52) will(53) partner(54) on(55) solar,(56) with(57) international(58) lenders(59) and(60) development(61) institutions(62) expected(63) to(
The Cox package could affect Salvadoran communities and utility customers by adding solar and storage while linking investment to gas and water projects. Deriva’s Oklahoma battery may improve Southwest Power Pool reliability and support more renewable use, potentially benefiting ratepayers. Hy24’s planned purchase could influence hydrogen project timelines and industrial or transport jobs in France and the UK, though results depend on approvals, financing, and completion. Count: The1 Cox2 package3 could4 affect5 Salvadoran6 communities7 and8 utility9 customers10 by11 adding12 solar13 and14 storage15 while16 linking17 investment18 to19 gas20 and21 water22 projects.23 Deriva’s24 Oklahoma25 battery26 may27 improve28 Southwest29 Power30 Pool31 reliability32 and33 support34 more35 renewable36 use,37 potentially38 benefiting39 ratepayers.40 Hy24’s41 planned42 purchase43 could44 influence45 hydrogen46 project47 timelines48 and49 industrial50 or51 transport52 jobs53 in54 France55 and56 the57