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
Greenidge Generation Holdings announced preliminary Q4 and full‑year 2025 results, highlighting a dramatic reduction in senior unsecured debt to $39 million and securing 100 MW of non‑curtailable power for future AI/HPC datacenters. The company obtained a five‑year Title V air‑permit renewal for its Dresden facility, providing regulatory certainty. Revenue slipped modestly to $58.8 million, while net income rose to $4.2‑$5.2 million, reflecting a shift from Bitcoin mining toward higher‑margin datacenter services. Cash balances stand at $19.6 million alongside $6.5 million in Bitcoin holdings.
Analyst Andrew Hecht downgraded the Global X Lithium & Battery Tech ETF (LIT) from buy to hold after a pronounced rally from its April 2025 lows. He cites continued volatility but notes a bullish longer‑term chart and an anticipated lithium supply...
Canadian Natural Resources Ltd. announced it will postpone its $8.25 billion Jackpine mine expansion in northern Alberta until federal and provincial carbon‑pricing and methane‑regulation frameworks are clarified. The delay will shave $310 million from CNRL’s 2026 capital budget and pushes back engineering...
"I know I said last April that 'as the debtor country, America has all the leverage v. China'...& I know we are actively trying to choke out both you AND Russia...but could you buy less oil from Russia & more...
GTT announced that Samsung Heavy Industries has placed an order for the design of a new LNG carrier’s cryogenic tanks in Q1 2026. The vessel will carry 180,000 m³ of LNG and will use GTT’s Mark III Flex membrane containment system. Delivery of the...
The Strait of Hormuz remained effectively shut on March 4, with only five vessels recorded, while traffic through Bab el‑Mandeb surged to 23 crossings, outpacing recent averages. Suez Canal activity fell to 23 transits, below trend levels, and diversions around the...
The U.S. Energy Information Administration reported a 132 billion‑cubic‑foot draw in natural‑gas storage for the week ending Feb. 27, bringing net working inventories down to 1,886 bcf. This decline reflects heightened heating demand and robust LNG export activity as winter deepens. The reduced...
Macro: coal demand bifurcates—metallurgical firm, thermal pressured. Key factors: Warrior Met's Q4 strength; Peabody's diversified mix. Risks: regulation, China slowdown. Trade: Buy Warrior Met on pullback. — Viktor Kopylov, PhD, CFA More insights: t.me/si14Kopylov
New modelling indicates New Zealand can satisfy its projected electricity demand through 2030 using existing renewable projects, especially if offshore wind is added. Without offshore wind, hydro would fall short for about 474 hours a year, but offshore wind would keep...
Hungary has secured a guarantee from Russia to resume crude deliveries, yet the Druzhba pipeline remains idle for both Hungary and Slovakia. The EU stepped in to mediate the dispute, but no operational agreement has been reached. The suspension persists...
UK energy suppliers are rapidly withdrawing fixed‑price tariffs as wholesale gas and oil prices surge amid the US‑Israel conflict with Iran. Uswitch data shows the number of fixed deals fell from 38 on Saturday to 15 by Thursday, while annual...
The United States and its allies are warning that the Iran‑Israel conflict could lift oil prices to $80‑plus per barrel, creating a lucrative window for Russia’s sanctioned oil stockpiles. Russia, facing dwindling revenues after years of sanctions, now eyes the...
Wolfspeed announced the industry’s first commercially available 10 kV silicon‑carbide (SiC) power MOSFET, the CPM3‑10000‑0300A die. The device promises a 158,000‑year dielectric lifetime, sub‑10 ns rise time and up to 99% conversion efficiency. Wolfspeed says the technology can cut system cost by...
Who knows whether its valid or not, but the oil curve is fading the Iran war so far and seems to think this wraps up pretty quickly. No idea whether that's valid pricing or not but does increase the tension...
West Virginia officials announced a privately funded $250 million Hope Gas natural‑gas pipeline in Mason County. The 30‑mile, 24‑inch line will break ground in April 2026 and finish by year‑end, delivering fuel to the Monarch Compute Campus. The campus aims to...
Iran's retaliatory strikes on energy infrastructure in the Gulf have effectively closed the Strait of Hormuz, a chokepoint for a fifth of global oil shipments. The shutdown immediately disrupted energy‑intensive sectors in the region, notably petrochemicals, fertilizers and aluminum, curtailing...
On The Climate Brink, my latest post is on what the war in Iran tells us about the hidden costs of fossil fuels https://www.theclimatebrink.com/p/the-war-in-iran-shows-us-another
A boiler explosion at the Antonio Guiteras thermoelectric plant on March 4 caused a sudden partial blackout across Cuba’s national grid from Camagüey to Pinar del Río. The government activated emergency protocols, deploying micro‑islands, diesel generators and bringing additional thermal units online to...
Midstream master limited partnerships (MLPs) are trading at modest high‑single‑digit EV/EBITDA multiples, well below historic averages despite stronger balance sheets and disciplined capital allocation. Over recent years, operators have cut leverage, simplified structures, and shifted focus to free‑cash‑flow generation. Private‑equity...
NexGen Energy announced that the Canadian Nuclear Safety Commission has granted final federal approval and a licence to prepare the site and construct the 100%-owned Rook I uranium project. The approval follows provincial clearances and a two‑part commission hearing, allowing...
Indonesia’s 2020 ban on raw‑nickel exports sparked a surge in domestic smelting and processing, positioning the country as a textbook case of resource‑based industrialisation. Yet its clean‑technology ambitions remain modest: EV exports totaled only US$12 million in 2024, dwarfed by Thailand’s...
AI data center construction is accelerating, with tech firms targeting 85 GW of power by 2030—about 20% more than the current grid can supply. Start‑ups like Cloverleaf Infrastructure are emerging as “powered land” brokers, securing utility contracts and rural acreage for...
Twelve months ago, I re-launched my newsletter as a subscription service to provide high-quality, affordable and objective research focused on energy issues. I have always been convinced high-quality research and analysis are essential for effective decision-making. The past year has confirmed...
Oklahoma House Bill 2992 aims to shield residential electricity bills by requiring new large‑load customers—such as data centers, cryptocurrency miners and AI computing facilities—to negotiate their own power contracts and provide collateral for infrastructure costs. The measure, which passed the...
China’s new five‑year plan lowers its carbon‑intensity goal to a 17% cut between 2026 and 2030, a step back from the 18% target for 2021‑2025 that it already missed. Analysts warn the weaker pledge could let national emissions rise 3‑6%...
National Gas, the operator of the UK’s critical gas transmission network, has partnered with Palo Alto Networks to secure its cloud‑first transformation. The collaboration delivers a full‑stack security stack covering network firewalls, Prisma Cloud, and emerging XDR capabilities while preserving...
Kevin O’Leary’s O’Leary Digital announced a joint venture with West GenCo to build the Wonder Valley data‑center campus in Utah, targeting up to 7.5 gigawatts of power. A sister campus in Grande Prairie, Alberta, will mirror the capacity, creating an initial 15‑gigawatt...
More tankers were hit in the Gulf as the US‑Iran conflict intensified, with a Bahamas‑flagged vessel attacked by an explosive‑laden boat and another tanker suffering a port‑side explosion and oil spill. Since the war began Saturday, nine civilian ships have...
Transport for London (TfL) announced a partnership with SSE Energy Solutions to build solar farms that will feed up to 65,000 MWh of renewable electricity directly into the London Underground network, bypassing the National Grid. The tube currently consumes about 1.6 TWh...
PD Ports completed a large‑scale logistics operation for northern England’s renewable energy rollout, moving more than 220 containers of solar panels and over 300 containers of lithium storage cubes through its Teesport terminal. The company handled import, warehousing and inland...
On March 5, 2026 Brent and WTI crude futures were trading near eight‑month highs as geopolitical risk and trade policy uncertainty intensified. Prices were buoyed by lingering US‑Iran tensions, which have kept supply‑disruption fears alive, while a recent U.S. Supreme Court...
The UK’s North Sea Transition Authority has granted a two‑year consent to drill a carbon‑storage appraisal well as part of the Endurance project off Teesside. The well, scheduled to spud on 1 March and complete drilling in about 90 days, is...
African nations are rapidly pursuing nuclear power, with Ghana, Kenya, Nigeria and others signing agreements and joining the IAEA pledge to triple capacity by 2050. Analysts warn that many of these ambitions are unrealistic, citing projects that would dwarf current...
Bloom Energy $BE gets an additional $500M contract from IDF (Infrastructure Development Fund. Industrial Development Funding (IDF) is expanding its collaboration with Bloom and is now funding over $650 million of Bloom fuel-cell Energy Servers across three portfolios in...
Boom is building a 200,000sqft factory in Denver where we will build 1-2GW/year of turbines from raw materials. First equipment arrived today. https://t.co/HijqLgjsBL
They physically cannot restart everything by March 9–apparently full capacity probably can’t be restored for a month.
Is the market operator’s next energy transition plan already out of date? #energysky -- via Renew Economy: https://t.co/onnOaC55j4 https://t.co/KQEdqiJe4m
The Iran War - Day 6: Energy Disruption, Regime Fragmentation, and Ukraine You are watching a full preview of Peter's coverage of the Iran War. Join our Analyst Tier on Patreon to access daily videos and analysis of...
New Jersey expands state community solar program by 3 GW #energysky -- via Solar Power World: https://t.co/afe46RjClj
The Middle East conflict is stress testing global energy. Bloomberg sees oil at $108 in a severe escalation. We have seen this before. The difference now is that solar and batteries are more cost competitive. Every fossil fuel spike strengthens the...
Why Are There No Ships in the Strait of Hormuz | March 5, 2026, Update Video: https://t.co/tcPFyfGeV8 https://t.co/Wgk4B6EEIp
Tesla Secures FCC Approval for Ultra-Wideband #Wireless #EV Charging by @IntEngineering #Innovation #EmergingTech #Tech #Technology https://t.co/UWndlAbFZ1
Fluence completes ahead-of-schedule delivery of all enclosures to 600MWh BESS in Australia #energysky -- via Energy Storage News: https://t.co/jqxtRVrdmj
Oil prices are surging, but inflation expectations aren't moving. Bond markets still pricing in a world that may no longer exist. 🔒 Members-Only https://t.co/6C4VK744Ql
Jim Cramer says the oil market is signaling the Iran war won't spiral, and that's bullish for stocks, per CNBC 🤦🏻♂️
NEW ANALYSIS: UK emissions fell 2.4% in 2025 as coal fell to a 400-year low. Incredibly, we used less coal last year than than in 1600, when Queen Elizabeth I was on the throne and Shakespeare was writing Hamlet. All the...
"OUR newfound oil in Venezuela" Also, President Trump very clearly calling for taxpayers to subsidize the global oil and gas industry by providing insurance, financial support, security escorts, etc. Fascinating.
September 2, 2025: Russia and China sign major new gas pipeline deal March 4, 2026: Putin says Russia may halt gas supplies to Europe https://t.co/kEjAnIqyrP
China’s lithium supply dominance is hardly being “locked in.” Over the next decade their #1 position over demand will remain but their control over supply will diminish as assets in North America and non Chinese owned assets in South America...
Diesel prices keep surging +$.40/gallon since start of the conflict That is roughly $.06/mile https://t.co/U2lHk2MBhe
