Know What's Happening in Energy
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Daily
Every morning
Weekly
Tuesday recap
France pledges $12 billion annual aid to accelerate electrification
France announced a €10 billion ($12 billion) annual aid package through 2030 to boost electrification and cut fossil‑fuel dependence. The plan aims to replace 85 TWh of gas consumption, install one million heat pumps each year, and shift two‑thirds of new vehicle sales to electric by 2030, funded without new borrowing.
Also developing:
By the numbers: Verbund raises $818M via inaugural European Green Bond
Egyptian Natural Gas Holding Co. signed a preliminary agreement to purchase the entire output of Cyprus' Aphrodite offshore gas field once it begins production around 2031. The deal includes a framework to build an offshore transmission system operated by a new joint venture, Aphrodite Midstream Co., linking the field to Egypt's gas network. The arrangement comes as Egypt, now a net gas importer, seeks to diversify supply amid rising demand and reduced domestic output. Partners in the Aphrodite project include Newmed Energy (30%), Chevron (35%) and Shell (35%).
The analog chart below shows the major oil events since the 1970’s. The green line (1990 Gulf War) remains the best-case scenario, namely a short war that produces a full roundtrip in crude oil. Even by 1990 standards, the stock market...
Pay Attention, Canada: Electrification Surge Reshaping Global Energy Future Thus far, Canadian leaders are taking the wrong lessons from the Iran war. Energy system disruption = faster energy transition to electrification. https://youtu.be/wevqzdFPCMQ
MaverickX has launched a new 10,000‑sq‑ft production facility in Pleasanton, Texas, to manufacture its PetroX chemical solutions for oil‑field applications. The plant, operating near the Eagle Ford shale, can produce about 14 million liters per year, shortening delivery times and lowering...
ONE‑Dyas has brought a second well online at its N05‑A platform in the North Sea, raising total output to roughly 1 billion cubic metres (Bcm) per year. The development moves the field toward its 2 Bcm/year name‑plate capacity, with peak production expected...
Delta Air Lines’ 2012 purchase of the Trainer oil refinery, once dismissed as risky, is now delivering a sizable financial upside. The refinery supplies a share of the airline’s jet‑fuel needs, allowing Delta to offset higher fuel costs during periods...
Researchers at the University of Edinburgh have shown that feeding ordinary bread crumbs to unmodified Escherichia coli, together with a biocompatible catalyst, produces hydrogen gas at yields higher than traditional fossil‑fuel hydrogenation. The hybrid chemo‑microbial process demonstrated carbon‑negative life‑cycle emissions,...
Texas‑based EG4 and Outback Power have launched “Advantage” programs that provide homeowners with pre‑paid battery leases. The offerings bundle a hybrid inverter with standardized battery packs and allow either DIY or installer‑led installation to keep costs low. Eligible participants receive...
Jet fuel prices have surged to about $209 per barrel, roughly double the level at the start of the war in the Middle East, prompting airlines to raise fares and ancillary fees. U.S. carriers such as Delta and United report...
A University of Massachusetts Amherst study of 460 wind and solar projects in 19 states finds most receive permits within roughly a year, with a 90% overall approval rate. Kentucky and Mississippi process applications about five months faster than the...
Oil prices nudged higher on Thursday after a brief dip following a tentative cease‑fire between Iran and the United States. Brent crude settled around $96 a barrel, up roughly 30% since the conflict began, while U.S. WTI hovered near $98,...
Conservative critics who once demanded subsidies for renewable energy now observe that solar, wind and other alternatives are becoming financially self‑sufficient. Declining technology costs and improved capacity factors have allowed clean power to compete with fossil fuels on pure market...
Winter Storm Fern forced Texas to import an additional $766 million worth of electricity over a 17‑hour period. The U.S. Department of Energy reported that during the storm’s peak, the state’s thermal fleet—coal, natural gas, nuclear and oil—generated 86 percent of power,...
Across the United States, more than 60 advanced nuclear reactor developers are mobilizing billions of dollars in public and private capital to address rapidly rising electricity demand. These next‑generation designs promise carbon‑free baseload power, but scaling them requires a strategic...
Agratas has secured £380 million of UK government funding for its planned gigafactory in Somerset, part of a broader £470 million package aimed at decarbonising road transport. The investment will fund the construction of an EV battery cell plant designed to supply...
UAE oil chief Sultan Ahmed Al Jaber said the Strait of Hormuz remains closed despite a U.S.–Iran cease‑fire, noting that Iran still controls ship movements and imposes permits. About one‑fifth of global oil passes through the narrow waterway, and the continued...
Energy‑as‑a‑Service (EaaS) and energy‑service companies are experiencing rapid growth as building operators pursue decentralized, resilient power solutions. The U.S. market, valued at $42.7 billion in 2025, is projected to reach $101.2 billion by 2035. Major players such as ABB, Siemens, and Ameresco...
Following a U.S.-Iran cease‑fire, Iran has begun requiring ships to obtain its permission before transiting the Strait of Hormuz, effectively keeping the waterway closed to free navigation, according to ADNOC CEO Sultan Ahmed Al Jaber. The restriction affects roughly 20 % of...
U.S. utilities are scaling active managed‑charging (V1G) programs to spread electric‑vehicle load and defer costly grid upgrades. Automakers such as GM, Ford and Rivian are partnering with aggregators like EnergyHub, WeaveGrid and Chargescape to automate charging based on real‑time system...
IATA chief Willie Walsh warned that jet‑fuel shortages caused by the Iran‑related war will linger for months even if the Strait of Hormuz reopens. Refining capacity in the Middle East has fallen 10‑12%, removing over 2 million barrels per day from...
Extreme heat and humidity are driving a surge in air‑conditioner use across India and the global South, exposing the inefficiencies of conventional temperature‑only cooling. A two‑day workshop in Ahmedabad, led by CEPT University, RMI and OTS R&D, equipped engineers with...
President Trump claims U.S. energy dominance despite Iran’s Strait of Hormuz blockade, yet gasoline prices surged to over $4 per gallon, costing households $8.4 billion in a month. The United States, while a net exporter, still imports roughly 6 million barrels of...
Ørsted CEO Rasmus Errboe told Reuters that the Middle East war is accelerating Europe’s drive for energy independence, reviving offshore wind development. Soaring oil and gas prices from the U.S.–Israeli conflict and the Strait of Hormuz blockage have heightened demand...
Bill McKibben highlights the need for strong climate and renewable energy champions in this terrific article on the CA and NY governors races and how GWP20 v GWP100 plays into it Clean energy needs actual champions https://substack.com/redirect/a647db33-72bf-4a23-aafb-bbbb61eef92b
Reliance Industries, through its Jio‑BP joint venture, has begun limiting fuel purchases to roughly 1,000 rupees ($11) per customer at more than 2,000 retail pumps across India. The caps are a response to supply strain caused by the ongoing Hormuz...
India is evaluating a 30‑day strategic reserve for liquefied petroleum gas (LPG), which would require roughly 2.4 million tonnes of storage capacity. The country currently relies on two underground caverns – 80,000 tonnes in Mangalore and 60,000 tonnes in Visakhapatnam – that together...
Florida startup AMPERA is developing a factory‑built, subcritical thorium microreactor that fits in a 40‑foot shipping container and can run for 30 years without refueling. The design uses an external neutron generator to keep the core subcritical, TRISO‑encapsulated thorium fuel, and...
The Iran‑Israel conflict has choked the Strait of Hormuz, driving global oil prices above $90 a barrel and prompting Canadian firms to scramble for supply. Irving Oil secured regulator approval to use a foreign tanker to import up to 680,000...
BYD announced a partnership with KFC to install its second‑generation Flash Chargers—over 1 MW units—at KFC outlets across China. The "dual replenishment" model lets drivers order food via the vehicle app and receive a full meal while the car recharges in...
This is why we use a combo of WindWaterSolar Wind breaks new CAISO output record - when it is needed - at night - at 10:40 PM on 4/8: 6.699 GW Ignoring batteries, WWS also met the highest % of 24-h demand...
In the middle of what some have described as the worst energy crisis ever (worst than 1973+1979+2022 combined), let me tell you that US natural gas prices are falling toward a 18-month low of $2.6 per mBtu. (And yes, North...
Exxon Mobil said its global oil and gas output slipped 6% in Q1 2026 after missile attacks on LNG facilities in Qatar disrupted its Gulf operations. The shortfall translates into a $3.7 billion earnings hit for its energy products division, prompting...
I'm not sure who needs to hear this but Iran's 15-ship daily limit isn't going to be 15 VLCCs each laden with 2 million barrels of oil.
Fervo Energy inks big turbine deal to build more next-gen geothermal #energysky -- via Canary Media: https://t.co/2db2ArIrcM
Canadian Solar’s energy‑storage arm E‑Storage has secured a £420 MWh battery contract with the UK’s Drax Group, split between a 60 MW/120 MWh system at Marfleet, England and a 150 MW/300 MWh system at Neilston, Scotland. The projects, developed by Apatura, will be built starting...
Crude oil finished the week at $112 (WTI) and $109 (Brent), making the current oil shock almost a double. https://t.co/7EKQWyQ7zM
Crude oil is now trading at $115 (as of Sunday night) while the forward curve has gotten even more backwardated. It’s unclear to me whether the backwardation is a manifestation of optimism over the Strait re-opening or the mechanics of...
So tomorrow Europe gets its last shipment of oil from the Strait of Hormuz. Based on that timing, if the Strait were to open tomorrow Europe's next oil shipment would come at the end of May. Reports are circulating that...
MOL Awaits Safety Clarity Before Resuming Hormuz Transits, CEO Says. When will there be maritime security? What will it look like? https://t.co/iQtmyR7uY2
UNSW study finds tracker-based PV systems experience higher UV degradation than fixed-tilt arrays #energysky -- via pv magazine global: https://t.co/5RRbnGXRM0 https://t.co/WmJ664hZBv
EU sounds the warning bell as countries face soaring energy prices https://t.co/c7S4lxI7D8 via @suzannelynch1 https://t.co/rMfXvLzmAu
UMass study finds states approve most solar projects in under 1 year #energysky -- via Solar Power World: https://t.co/XWhvWAXTye
Solar trackers have changed the game for PV generation. But are they cutting panel life short? #energysky -- via Renew Economy: https://t.co/g4uWC9JG79 https://t.co/RvthFUcqSx
Oil demand has to fall, writes @ericnuttall. Put a number on it: ~11.5 mmb/d. Let that sink in. There is no path to that kind of demand destruction without severe economic damage. No escape hatch. Stop buying the rumor. https://t.co/tQOLjUrEEQ
A great pleasure to speak with future leaders at Harvard Kennedy School @Kennedy_School on the current state of energy markets and what it means for the longer-term outlook. Many thanks to @OSullivanMeghan for the invitation https://t.co/ycBiqaKtEE
Oil isn’t just scarce—it’s fragile. Cheap drones, missiles, and even fear can choke global supply. Disruption is no longer hard—it’s easy. This is a shift toward a more fragmented, insecure energy order. https://t.co/7xfbU20QFT #OilMarkets #Energy #Geopolitics
US adds 26.6 GW of solar in 2025 as renewables dominate #energysky -- via pv magazine global: https://t.co/uCN0ChKG5d
"contract resolved to "yes" following Tuesday evening's announcements, but its outcome has since been changed to "disputed" given continued disruptions to Hormuz Strait shipments and enduring hostilities" Iran Ceasefire Wreaks Havoc on Prediction Markets https://t.co/uv56XlWTW9
Trump and Netanyahu have handed Iran the strategic high ground –– the control of the Strait of Hormuz. As I told @SeanPmathews: “The Strait of Hormuz was a freeway. Now it’s an Iranian toll road.” https://t.co/dGLBi5V6KE
Volatility remains exceptionally elevated for oil today. Back and forth in the headlines around whether the ceasefire will hold between US-Iran. The 10-day ATR has 'settled' at 9% - which very volatile. The US-Brent spread is still positive - which is...
