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
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 delivery to solar farms on vacant land in the North East, providing a single‑point logistics solution. The lithium cubes will support grid‑connected energy storage, enabling intermittent solar power to be dispatched on demand. Mark Mulholland highlighted the project as proof of PD Ports’ integrated port, land and supply‑chain capabilities.
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...
BW LNG has placed its second new LNG carrier, BW Borealis, into long‑term charter with Norway’s state‑owned Equinor, completing a two‑vessel program that began with BW Nivalis in February. The 174,000 cubic‑meter vessel, built at Hanwha Ocean’s Okpo shipyard, features ME‑GI...
Avantus closed a financing package exceeding $300 million for its 100 MW (130 MWdc) Kitt Solar and Energy Storage Project in Pinal County, Arizona. The development pairs a 100 MWac solar farm with a 400 MWh battery energy storage system supplied by Fluence’s Gridstack Pro technology....
U.S. solar demand stays robust as utilities, businesses and households adopt solar‑plus‑storage solutions, but the sector now faces near‑term policy and tariff headwinds. The One Big Beautiful Bill Act curtails Inflation Reduction Act tax credits and adds Foreign Entity of Concern rules, creating procurement...
Past fossil-fuel price spikes left import-dependent countries with two options: pay up or cut fuel use. Now there is an alternative in solar and batteries. I looked at recent examples in Europe, Pakistan and Cuba to glean what might happen...
bp and Iberdrola’s joint venture is finalising a 25 MW green hydrogen plant in Castellón, Spain, now 90% assembled with all equipment on site. The €70 million project, powered by a renewable power‑purchase agreement, will use Plug Power electrolyser technology. Once operational, it...
Peak Energy Price Inklings in 1Q? Midterms in 4Q a Top Test - The leader of the world's largest energy producer -- and net crude oil and natural gas exporter -- wants lower prices, and elections are in November. The...
BASRA, Iraq, March 5 (Reuters) - An Iranian remote controlled boat laden with explosives was used on Thursday to target and damage the Bahamas flagged crude oil tanker Sonangol Namibe anchored in Iraqi waters, according to initial assessments from two...
Mission 300, a partnership led by the World Bank and African Development Bank, targets 300 million electricity connections in Africa by 2030. Since July 2023 the initiative has added about 44 million new connections, leaving a shortfall that requires roughly 50 million people to...
$2 Natural Gas Support vs. $5 Resistance - The inability of the front US natural gas future to stay above $5 per million British thermal units may be emphasized by the price just below $3 on March 4 despite a...
Amid heightened Middle East oil supply disruptions, Thailand’s Ministry of Energy has asked oil producers to postpone planned downtime and temporarily suspend crude exports, emphasizing domestic production for energy security. Canadian‑based Valeura Energy is seeking clarification from the ministry to...
The Trump administration announced a plan to provide U.S. insurance and military escorts for energy tankers navigating the volatile Middle East, especially the Strait of Hormuz. Simultaneously, reports suggest Trump is weighing support for anti‑regime militias in Iran, while CIA‑backed...
PPC Group and METLEN Energy & Metals have formed a 50/50 joint venture to develop up to 1.5 GW (3 000 MWh) of battery energy‑storage across Romania, Bulgaria and Italy. About 1 000 MW of the capacity is slated for construction within the next twelve...
Japanese firms Mitsui O.S.K. Lines, Obayashi, Kawasaki Heavy Industries and Chiyoda have formed a four‑party consortium to create a Japan‑New Zealand hydrogen corridor. The partnership will launch feasibility studies this year to build a green‑hydrogen supply chain that transports production from...
India is weighing an emergency directive under Section 11 of its Electricity Act to compel imported‑coal‑fired power plants to increase output ahead of the summer peak. The move comes as seaborne coal prices surge due to the US‑Iran conflict and LNG...
Akrake Petroleum, a subsidiary of Lime Petroleum and ultimately Rex International, has successfully linked its mobile offshore production unit (MOPU Stella Energy 1) to the floating storage and offloading vessel (FSO Kristina) at Benin's Sèmè field. The connection enables oil to...
The UK faces renewed fossil‑fuel price volatility after the US‑Israel attacks on Iran, echoing the 2022‑2025 energy shock that cost the EU and Britain $1.8 trillion. Experts and climate groups argue the government must accelerate its clean‑energy transition, focusing on renewables...
The war in the Middle East has tightened oil and gas flows through the Strait of Hormuz, creating a temporary vacuum that Russia hopes to exploit. While the conflict restricts exports from Saudi Arabia, Iran and other regional producers, Russia’s...
Community solar, a proven tool for renters and low‑income households, has flourished in ten states but remains marginal in California, which has launched only about 34 projects totaling roughly 235 MW since 2015. In West Goshen, a pilot project delivered a 20%...
U.S. LPG exports are hitting record levels while a 76‑km Panama pipeline, slated for post‑2031 operation, promises 2 million barrels per day capacity. Dorian LPG’s chief information officer says the pipeline will likely add loading and discharge points rather than divert cargoes,...
At the Energy Consumers of Australia Foresighting Forum, experts highlighted Australia’s blind spot on energy poverty, noting the country does not officially measure poverty or energy hardship. Researchers are developing a multidimensional poverty index using the HILDA survey, revealing health,...
BRENT futures have surged into a severe backwardation as the closure of the Strait of Hormuz threatens to create an acute shortage of barrels. The six-month calendar spread has soared into a backwardation of almost $11 per barrel from less...
SMA Solar Technology AG released unaudited 2025 results showing a modest 0.9% revenue decline to €1.516 bn, while operating EBITDA before one‑offs was €106.6 m but fell to a negative €65.4 m after extraordinary items. One‑off charges—including €122.6 m inventory write‑downs and €35.8 m provisions—pushed...
Lamprell has secured a contract from India’s state‑owned Oil and Natural Gas Limited (ONGC) to replace and lay roughly 285 kilometers of subsea pipelines across several western offshore fields. The Pipeline Replacement Project (PRP‑IX) covers Mumbai High, Neelam, Heera, Bassein and...
Goldman Sachs warns that a temporary spike in crude to $100 a barrel could shave 0.4 percentage points off global GDP growth and lift headline inflation by up to 0.7 points. The firm’s baseline scenario still sees oil easing to...
Harbour Energy lifted its 2026 production outlook to 475,000‑500,000 barrels of oil equivalent per day, driven by early output from the recently acquired LLOG assets in the Gulf of Mexico. The company’s pretax profit more than doubled to $2.8 billion in...
Australia’s data‑centre boom, now consuming about 2% of NEM electricity, is set to rise to roughly 6% by 2030, threatening grid capacity. Fluence’s Jeff Monday argues that battery energy storage systems (BESS) can turn this constraint into an opportunity by...
Norwegian authorities have granted Aker BP permission to conduct production drilling on the Valhall Flanke Vest area of the North Sea using the Noble Integrator jack‑up rig. The 2014‑built rig can operate in 492‑foot water depths and drill up to...
China’s 2026‑2030 Five‑Year Plan caps oil output at 200 million metric tons (about 4 million barrels per day), a level already exceeded last year but below the 216 million‑ton record. The plan shifts focus from expanding production to maintaining output while expanding undisclosed...
254 days of reserves don't mean a thing when the pressure hits on day 7. This isn’t a "market adjustment" - it’s a math-driven massacre Fossil fuel reliance is a trap door, and the floor just fell out for half the...
The article reviews the limitations of series‑hybrid aircraft, highlighting the significant energy losses when a turbogenerator feeds an electric motor through multiple conversion stages. These inefficiencies make series hybrids uneconomical compared to conventional models like the Cessna Caravan or Saab 340....
Pacific Goal Investments (PGI) has acquired a 51% majority stake and operational control of the Muchesu coal project in north‑western Zimbabwe after obtaining registration from the Reserve Bank of Zimbabwe. The ownership restructuring transfers the US$20 million funding commitment originally made...
Almanac Ventures, founded by deep‑tech scientist Jo Slota‑Newson and finance‑focused Marc Sabas, invests seed‑stage deep‑tech solutions for industrial decarbonisation across Europe. They target technologies that improve performance, lower costs, and cut emissions in complex, capital‑intensive sectors that account for 75%...
Carbon‑Ion Energy announced it is re‑examining graphene integration in its supercapacitors. The effort involves collaboration with graphene producers Levidian and HydroGraph, which supply ultra‑pure graphene of 99.9% and 99.8% purity using combustion‑based processes. The company expects the new graphene structures...
The episode examines Italy's controversial decree that seeks to shift EU ETS costs from gas‑fired power producers to consumers, aiming to lower wholesale electricity prices and boost industrial competitiveness. Guests Enza Tedesco and lawyer Lorenzo Parola explain the economic rationale,...
Rio Tinto and battery giant CATL have signed a Memorandum of Understanding to accelerate electrification across mining operations. The partnership will develop strategies for battery‑powered equipment, supply‑chain integration, and circular‑economy initiatives such as battery material recycling. CATL will contribute its...
Citi placed Coal India Ltd on a 90‑day Upside Catalyst Watch and lifted its target price to ₹430, prompting the stock to climb over 4%. The brokerage cited stronger global coal prices and a potential shift from gas to coal...
I’m on Bloomberg TV tomorrow at 1pm HKT with the wonderful @JoumannaTV on China, India, Southeast Asia, South Korea, and what the widening conflict in Iran and the Middle East means for the region. Short story - we are buyers...
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
1. My latest FDD is out today and it looks at ethanol production profits for 2025. This is usually a pretty straightforward exercise using a model I have long used. Not so in 2025 due to something...
South Korea. Supply of LNG at critical. Impact on people and manufacturing. The regional Middle East war is becoming a global supply chain risk.
Glad to see a recognition that batteries and grid enhancing technologies can integrate 100GW of new data centers at 90% less cost than business-as-usual. https://t.co/H1IIqfo7u3
It was a pleasure meeting with His Royal Highness Grand Duke of Luxembourg. We discussed opportunities to collaborate in advancing the global energy transition and accelerating progress toward climate goals. https://t.co/0O1SIM4ZbQ
Looking forward to discussing oil with Al Jazeera shortly. 11.30 am Qatar time/ 4.30 pm SGT.
March 5 (Reuters) - China will push forward early-stage work on the Power of Siberia 2 project, while building the China-Russia Far East natural gas pipeline under its 2026-2030 five-year plan, which was released on Thursday.
