Sector Performance

In 2025, M&A activity in the energy sector remained resilient, shaped by strategic realignment across both traditional and emerging subsectors. Oil and gas continued to anchor deal flow, with consolidation driven by energy security concerns and the need to achieve scale across large asset bases.

Rapid expansion of generative AI and data center infrastructure sustained demand for reliable power, driving interest in both traditional and emerging energy sources. Nuclear energy’s resurgence continued, with new projects and partnerships underscoring its role in the energy mix, against an increasingly complex and divergent global regulatory landscape.

Hogan Lovells Activities

In 2025, our Energy team launched the Future of Energy podcast, exploring where legal innovation meets a rapidly evolving energy landscape. Covering topics from geothermal and hydrogen to carbon capture, grid resilience, and sustainable investment, the series examines the legal, regulatory, and commercial forces shaping how energy is produced, distributed, and consumed.

We also published a series of Future of Energy Perspectives, delivering concise insights on global energy supply and demand. Powering data centers was a key focus, with our team leading a U.S. policy webinar, an AI infrastructure panel, and related thought leadership. Our Future of Energy events spanned Berlin, London, Madrid, New York, and Singapore, connecting industry leaders worldwide.