Know What's Happening in Energy
Know What's Happening in Energy
JPMorgan flags $1 trillion U.S. power‑grid upgrade spend amid aging infrastructure
The bank warns that the U.S. grid, averaging nearly 60 years old, faces a national‑security risk and projects roughly $1 trillion in upgrades between 2026 and 2035, part of a $5.8 trillion global spend. Rising AI‑driven data‑center demand could add 100 GW of peak load by 2030, intensifying the upgrade need.
Also developing:
By the numbers: Oil majors secure $164M Alaska lease package
Falling natural gas prices have revived the fuel’s share in U.S. thermal power generation. Gas now supplies about 72% of the thermal stack, up from roughly 60% a year ago. The surge is driven by a recent dip in spot prices and milder spring weather that curtails heating demand. However, rapid solar capacity additions are expected to temper further gains for gas.
Kraftblock installed a 20 MWh high‑temperature thermal storage system at Tata Steel’s Jamshedpur sinter plant. The unit captures waste heat up to 500 °C from the cooling circuit and can discharge up to 1.8 MW back into the process. It is projected to...
IEA chief Fatih Birol told markets there is ample oil, emphasizing that the current challenge is logistical rather than a supply glut. The comment came as a tanker blockage in the Persian Gulf sparked fears of excess inventories. Birol also...
Canadian Natural Resources Ltd. reported its best operational year in 2025, achieving record natural gas output driven by liquids‑rich drilling. Despite a volatile market that saw AECO prices swing from negative to over $3 per gigajoule, the company maintained lower...
Swedish thin‑film specialist Midsummer landed its biggest contract to date, a SEK 236 million deal for a complete DUO CIGS solar‑cell production line. The order follows a May 2025 SEK 143 million purchase for a 15 MW turnkey line from the same undisclosed Swedish defense...
American Gas Association CEO Karen Harbert argues that rising U.S. energy demand—driven by reshoring and AI—offers a chance to keep costs low if natural‑gas infrastructure expands quickly. She notes that demand has risen nearly 50 % since 2006 while shale has...
Oil prices surged to near $120 a barrel as Iran’s conflict intensified following the appointment of a new supreme leader, then retreated to about $106 for Brent and $103 for WTI. The fighting threatens production and shipping in the Persian...
The Strait of Hormuz is closed. It's not going to get more closed than it already is. All the risk is now on the other side, i.e. when and to what extent it opens. You can bet Trump is very...
Vestas has signed a Memorandum of Understanding with Japan’s Ministry of Economy, Trade and Industry to establish a wind turbine nacelle manufacturing base. The agreement sets a target for final‑stage nacelle assembly in Japan by fiscal year 2029, with a...
Smart‑panel startup Span announced a strategic partnership with electrical‑equipment giant Eaton, which includes a $75 million investment. The deal aims to drive down the cost of Span’s $3,500 smart panels by tapping Eaton’s manufacturing scale and its extensive distributor and installer...
Pionix and Lumissil have deepened their partnership to deliver ChargeBridge, a pre‑certified System‑on‑Module that blends Lumissil’s IS32CG5317 Green PHY microcontroller with Pionix’s open‑source EV‑charging software. The module decouples hardware and software, allowing charger manufacturers to accelerate development cycles and simplify...
Ranked: Countries Building the Most Nuclear Reactors China is also leading in fusion research and has the world's first production thorium reactor Key Takeaways -China accounts for 37 of the world’s reactors under construction—more than all other listed countries combined. -India and Russia rank...
Chevron’s Aphrodite consortium announced a 4% uplift in contingent gas resources to 3.67 trillion cubic feet, with low and high estimates now at 2.73 Tcf and 4.59 Tcf respectively. The revision stems from new core‑sample data and the Cyprus government’s approval of the...
INSPIRE Environmental, a Venterra Group unit, has opened a permanent operational base in Aberdeen to serve offshore wind projects across Scotland, the UK, and Europe. The facility will eventually house about 30 specialists and is co‑located with Oceanscan to streamline...
A 33 km waterway which is 3000 km away from you can decide how much you must pay for petrol, cylinder etc. A 33 km waterway between Iran–Oman called the Strait of Hormuz. 20% of global crude oil passes through this route,...
Battery rebate smashes new record as households pile in – and size up – ahead of changes #energysky -- via Renew Economy: https://t.co/OInkQExpnO https://t.co/MyoXqu61D6
House leaders filed HB 8292, allowing the Philippine President to suspend or reduce fuel excise taxes during national or global emergencies, triggered by soaring oil prices linked to Middle East tensions. The bill sets a concrete threshold—Dubai crude at $80 per...
$WTI above $100. $VIX above 33. Nikkei down 5.4%. The Strait of Hormuz is effectively closed. Zero tankers transiting. This isn't a supply disruption. It's a supply deletion. And the SPR is at 40-year lows. https://t.co/WaTisWuS4y
Iran's oil production is down 70%, according to reports. When the fifth largest oil producing country in the world (at 5 million barrels a day) drops like this, we now know what the underlying asset price will do. https://t.co/jRLuiAK0xM
India’s Ministry of New and Renewable Energy secretary Santosh Kumar Sarangi said the country has strong potential in renewable‑energy manufacturing, project development and exports as clean‑energy capacity expands. He highlighted a shift from utility‑scale projects to distributed, prosumer‑driven models backed...
The national average price of a gallon of regular unleaded gasoline has climbed to its highest level since the summer of 2024 @WSJmarkets https://t.co/6mDhre9ozD https://t.co/UVDG3Mq2Rd
My debut in @TheFP - This Is How an Energy Crisis Starts - by Ellen R. Wald https://t.co/8Isvg3TkzQ @ACGlobalEnergy #oil #iran #oott
Researchers at TU Berlin and Princeton demonstrate that early 24/7 carbon‑free electricity commitments can dramatically lower the cost of emerging clean‑energy technologies such as iron‑air batteries and Allam‑cycle generators, creating a virtuous learning loop. Their model shows that commitments equivalent...
🚨 UPDATE Bapco, Bahrain’s largest oil refinery, suspends operations due to an Iranian strike. https://t.co/QfcbADAAsR
The whole world is moving away from NMC chemistries towards LFP that doesn’t use Cobalt. Long Duration Energy Storage also doesn’t use Cobalt.
New provisional data from EirGrid shows that renewables supplied 48% of Ireland’s electricity in February, up from 39% in January. Wind power dominated the renewable mix, delivering 41% of total generation and reaching a record 3,898 MW output on 14 February. Gas...
Big Tech announced a landmark pledge at the White House to power new data centres with renewable energy, signaling a shift toward greener cloud infrastructure. New Zealand's sovereign wealth fund, NZ Super, created a dedicated real‑assets chief role to sharpen...
The European Commission unveiled the Industrial Accelerator Act (IAA), a legislative package aimed at boosting demand for low‑carbon, ‘Made in Europe’ technologies across strategic sectors such as steel, cement, automotive and energy storage. The proposal introduces domestic‑content requirements for public...
Borr Drilling has placed three of its jack‑up rigs on standby in the Arabian Gulf as hostilities flare between the U.S.–Israel coalition and Iran. The rigs operating in Qatar and the UAE were down‑manned, and the Arabia III unit was shut...
The Middle East conflict triggered the biggest one‑week jump in oil prices on record, pushing WTI crude above $92 a barrel. At the same time, U.S. economic data revealed the worst monthly job loss since the pandemic, with 92,000 positions...
I don't think you have to Nostradamus to figure that bombing Iran might raise oil prices. And it seems pretty obvious that buying oil in advance of causing an oil price spike might just save Americans a lot of...
"Historical risk-off moves after an oil shock have generally required at least one of: Large and sustained oil price spike...Hawkish policy response...Broader macro damage:" Deutsche Bank. We're "closer than a week ago, but on several metrics we aren’t quite there...
Karachi Electric replaced bare low‑voltage wires with aerial bundled cables (ABCs), slashing feeder‑line losses by about eight percentage points and boosting revenue recovery. The upgrade prompted a surge in formal residential connections and higher billed consumption, while power outages fell....
Rising tensions with Iran are driving Brent crude above $100 a barrel, sparking fears of a prolonged oil shock. The iShares MSCI Saudi Arabia ETF (KSA), heavily weighted toward oil and financials, has slipped to near five‑year lows despite the...
I’ll be coming up on @BloombergTV in a few to discuss zooming #oil prices with @lisaabramowicz1 & @FerroTV Can anything be done to bring oil under $100 in the foreseeable future? @ACGlobalEnergy #oott #Iran https://t.co/hJJBdEoPvU
VAALCO Energy finished drilling the ET‑14P exploration well at Gabon's Etame field, intersecting 10 meters of high‑quality Gamba sands but discovering a water‑bearing target zone. The lower section of the well will be plugged and abandoned, while the existing bore...
Lamprell and RTE International have signed a strategic Memorandum of Understanding to jointly pursue offshore wind transmission projects, focusing on engineering, procurement, construction, and installation of high‑voltage export‑cable systems. The non‑exclusive MoU leverages Lamprell’s offshore foundation and transition‑piece expertise with...
Crude oil breached $100 per barrel on March 8, its first four‑year high, driven by tighter inventories, OPEC+ output cuts, and Middle East tensions. The price surge coincided with a political jab from California Governor Gavin Newsom, who mocked former...
Capital Markets Remain Unsettled with Oil Above $100: The Middle East war continues to dominate the investment environment. The dollar is firm. Equities are lower. Yields are higher. The disruption of trade through the Strait of Hormuz is forcing oil…...
Ecofy Finance, a climate‑focused NBFC, is raising Rs 380 crore in a Series B equity round led by British International Investment. The round includes Rs 220 crore from BII, Rs 70.5 crore from Finnfund, and continued backing from FMO and Green Growth Equity Fund....
Philippine fuel retailers set pump prices based on the cost of the next shipment rather than the price they paid weeks ago, using a replacement‑cost accounting model tied to the Mean of Platts Singapore (MOPS) benchmark. A mandatory 15‑ to...
Formosa Heavy Industry Corporation selected Black & Veatch to engineer a new 2 × 1.2 GW H‑class combined‑cycle power plant in Mailiao, Taiwan. The gas‑fired facility will replace two coal units whose 25‑year PPA ends in 2025 and is expected to serve roughly 1.8 million...
Valeura Energy completed an infill drilling campaign on Thailand’s Manora field, bringing three new wells online – two development wells and one appraisal well – on its 70% operated working interest. The added wells lifted average oil output from roughly...
Thermocold has launched the AWA HP SEA/XEA, an air‑to‑water heat‑pump series for commercial buildings. The line spans 124‑644 kW heating and 128‑632 kW cooling capacities, delivers a COP of 3.05‑3.49, and can operate at outdoor temperatures as low as –15 °C. Units are...
Borr Drilling announced that its four jack‑up rigs deployed across Saudi Arabia, the UAE and Qatar are on standby due to escalating hostilities in the Arabian Gulf. The Arabia III unit was shut down and its crew evacuated after a March 7...
Bristol Airport and Equilibrium have completed a feasibility study exploring large‑scale production of nuclear‑derived sustainable aviation fuel (SAF) and hydrogen in the South West of England. The study shows that Small Modular Reactors could supply both fuels, supporting the airport’s...
Mitsui O.S.K. Lines (MOL) has partnered with Cyprus‑based Schoeller Holdings to jointly own two commissioning service operation vessels (CSOVs), marking its first foray into the European offshore wind support market. The 96‑meter vessels, built at China’s CSSC Huangpu Wenchong shipyard,...
One of my higher conviction views: the US is now a net energy exporter (LNG more than oil) but it is best understood as an oil importer that is uniquely sensitive to oil price swings. 1/
Hinen has launched the N3300S, a 3 kW residential off‑grid inverter that merges a pure‑sine‑wave inverter with an integrated MPPT solar charge controller. The unit is offered in 2.4 kW, 3.0 kW and 3.3 kW variants and can deliver up to 6 kVA surge power...
Oil futures surged nearly 20% on Monday, with Brent touching $111 and WTI $106, the highest levels since 2022. The spike follows the abrupt closure of the Strait of Hormuz, cutting roughly 20% of global oil and gas shipments. Asian...
