Know What's Happening in Energy
Know What's Happening in Energy
Flex to acquire Electrical Power Products for $1.1B
Flex Ltd. agreed to buy Electrical Power Products for about $1.1 billion in cash. The target adds roughly $323 million of annual revenue and a mid‑to‑high‑teens EBITDA margin. Flex expects the acquisition to be accretive to adjusted earnings per share in the first full fiscal year.
Also developing:
By the numbers: Oil majors snap up $164M Alaska oil leases
The Russian‑owned LNG carrier Arctic Metagaz caught fire in the central Mediterranean off Malta on Tuesday, with its AIS signal disappearing shortly before the blaze. The vessel, loaded at the Saam floating storage unit, is part of a shadow fleet used to move sanctioned Russian LNG to China. Turkish Navy ATR‑72‑600 aircraft were observed circling the last known location, indicating active monitoring by regional authorities. The cause of the fire remains unconfirmed, with possibilities ranging from mechanical failure to deliberate sabotage.
Updated chart of our 1-variable stock market. This is how markets behave during exogenous shocks - stocks need oil to peak. Aftermath eco forecasts rarely matter. Same thing happened last year, but with trade uncertainty. Need something to the...
Washington state lawmakers let House Bill 2515 die, ending a broad attempt to regulate data centers. The bill would have imposed extra utility charges, mandated clean‑energy compliance, and required power curtailments during grid peaks, potentially raising $30 million annually for low‑income...
A 19‑home estate in Exeter’s Seaward Park became the UK’s first residential development to run entirely on renewable liquid petroleum gas (bioLPG) in December 2025. The switch cuts carbon emissions by up to 80% compared with conventional LPG while allowing...
Polish trainmaker Pesa secured Zloty 36 million from the National Recovery and Resilience Plan, part of a Zloty 108 million project to build a bi‑mode hydrogen‑electric passenger demonstrator. The vehicle will feature a pantograph, hydrogen fuel cells, batteries and an intelligent control system that...
PRIO secured an operating license from Brazil’s environmental regulator Ibama for the Wahoo subsea tie‑back project in the Campos basin. The approval completes the final regulatory hurdle, allowing the field – estimated to hold over 125 million barrels in the pre‑salt...
PwC’s latest Lunar Market Assessment projects the Moon’s annual revenue will reach $127.3 billion by 2050, roughly the size of Poland’s GDP. The report highlights that energy infrastructure, not transportation, is the chief obstacle to scaling surface operations. NASA’s Artemis program...
Bullish traders bought 2,000 USO March 20 84‑call contracts on Feb 26, just before the Strait of Hormuz was effectively shut after U.S. and Israeli strikes on Iran. The closure halted roughly 20 % of global seaborne oil, sending Brent up 13 %...
During cold February weather, NY ISO had about the same number of forced outages that it had in previous years. But managing them was harder. As one stakeholder put it: "...while the number of forced outages might be roughly on par...
Researchers at the University of Sheffield warn that green hydrogen’s environmental benefits depend on decarbonising national power grids. Their Nature Communications Sustainability study modeled 20 production and transport scenarios across 14 countries from 2023 to 2050, comparing electrolysis and biomass...
Haryana unveiled a ₹2.23 lakh‑crore budget for 2026‑27, with debt servicing consuming 29.2 percent of outlays. The state will create a dedicated agricultural power distribution company to supply uninterrupted electricity to over 7 lakh farmers. A 20 percent reservation for Agniveer veterans in the...
Enbridge has secured a Public Safety Expense Reimbursement Agreement with Ashland and Iron counties, allowing the company to pay Wisconsin law‑enforcement for riot gear, training and policing of Line 5 protests. The uncapped arrangement follows Enbridge’s start of construction on a...
Developer LCOR completed the 1515 Surf Avenue mixed‑use project in Coney Island, installing New York City’s largest district‑scale geothermal system. The 400,000‑sq‑ft development, with 460 residential units, relied on $4.52 million in public incentives and a 30 % federal tax credit to offset...
Portland General Electric (PGE) has sealed agreements for more than 1,015 MW of new renewable generation and battery energy storage systems in Oregon, marking the utility’s largest clean‑energy acquisition to date. The portfolio comprises 650 MW of battery storage and 365 MW of...
Polaris Renewable Energy has secured approval from the PREPA Governing Board for a 71.4 MW battery energy storage system (BESS) at its Punta Lima wind farm. The project, split into two 35.7 MW units, is slated to begin commercial operation in the third...
Grew Energy and Shanti Educational Initiatives Ltd (SEIL) have received board approval for a merger, with SEIL shareholders exchanging 212 SEIL shares for 100 Grew Energy shares. Grew Energy, a Chiripal Group subsidiary, currently operates a 6.5 GW PV module plant...
U.S. electricity demand is surging, driven by data centers and electrification, but transmission construction has stalled, dropping from 1,700 miles per year (2010‑14) to just 350 miles (2020‑23). The report identifies four key barriers—cumbersome permitting, aging infrastructure costs, siloed utility...
Since Turkey’s 2016 energy policy, the country has transformed from a pipeline‑dependent gas importer to a diversified market anchored by rapid LNG expansion. Regasification capacity rose fivefold to 150 million cubic metres per day, driven by a fleet of FSRUs that...
British renewable contractor Aventus Energy has been awarded a year‑long, multi‑million‑pound contract by Inch Cape Offshore to complete foundation activities for the 1 GW Inch Cape offshore wind farm off the Angus coast. The work, the largest single award for Aventus to date,...
Researchers at the University of Edinburgh used natural isotopic fingerprints to verify that CO₂ injected at Iceland’s Carbfix site permanently mineralises into solid carbonate minerals within basaltic rock. The method tracks the gas without adding artificial tracers, offering a low‑intervention...
U.S. diesel prices jumped 10 cents to $3.809 per gallon for the week ending Feb. 23, with the Midwest posting the steepest regional rise of 13 cents. The West Coast continues to lead in absolute cost, averaging $4.465. By contrast, gasoline...
Wood Mackenzie warns global lithium demand could exceed 13 Mt LCE by 2050 under an accelerated net‑zero transition. Without new investment, supply deficits could appear as early as 2028, with gaps widening to 8.5 Mt LCE by 2050. Electric vehicles account for...
The UK National Energy System Operator (NESO) concluded its second‑round Stability Market auction without awarding any contracts to grid‑forming battery energy storage systems (BESS). Synchronous condensers and open‑cycle gas turbines secured 7.3 GVAs of contracts, while all BESS proposals failed the...
On March 3, 2026, coordinated U.S. and Israeli airstrikes continued to degrade Iranian command, missile and naval infrastructure while collateral damage caused civilian casualties. Major marine reinsurers issued 72‑hour war‑risk cancellation notices for the Persian Gulf and adjacent waters, effective March 5,...
Gas loadings continue in Iran despite Hormuz halt ▶️At least three gas carriers seen in Iranian LPG terminals on Monday ▶️An IRGC commander reportedly threatened in a televised speech to ‘set fire’ to ships passing the Strait of Hormuz ▶️LPG shadow fleet gas...
Efficacy of such a move @chigrl ? Aramco Explores Plan to Export Oil Via Red Sea to Avoid Hormuz The world’s biggest oil exporter has a 5M barrel-a-day pipeline that runs across the country which can transport oil from fields in the...
Austrian firm Accupower has launched Natec Home, a residential sodium‑ion battery offering 7.68 kWh capacity, 3.8 kW power output, and a €3,990 price comparable to lithium systems. It operates from –30 °C to 50 °C, holds an IP65 rating, and can be paralleled up...
European natural gas is trading at >5x US natural gas prices. Last time this was the case was August 2024. $EQT $AR $RRC $CRK $CNX $EXE https://t.co/f1wU8S3w6b
Such a pleasure joining @EIB for this year's #EIBForum. Together with EIB's VP Ambroise Fayolle, @AfDBPresident and @bertrandpiccard, we discussed how to accelerate the green transition thus reinforcing industrial resilience, driving innovation and ensuring sustainable growth. https://t.co/MsNKt7m58K
Utility electricity rates in the U.S. have risen faster than inflation since 2022, driven primarily by higher natural‑gas prices, pandemic‑induced residential demand, and under‑invested transmission infrastructure. While data centers add load in specific markets, they do not align with the...
China won the mineral war. Two new books show how the West let it happen Read more here: https://t.co/9ofBAHFGLx https://t.co/Qa5SYQX6Dg
Asia is weak, oil is ripping, we're in a fast market right now on The Morning Show https://t.co/jn2RN28AFk
Global Energy Monitor reports that oil and gas projects now require an average of 15.1 years from discovery to production, roughly three times the 4.9‑year pace of the 1960‑80 peak era. The longest lead times appeared between 2010 and 2020,...
How much might SAF add to airline passenger ticket flights? We crunch the numbers #avgeek #RAeSCommercialAviationSummit #RAeSCivilAviationWeek https://t.co/xzQcwe0vS3 https://t.co/855NGDNbgM
📌 A reminder: Most of the gas Europe imports is used for heat - to warm our buildings and to provide process heat in industry. Only around 20% of gas is used to generate electricity. https://t.co/31yV3zzXKL
Chinese energy‑storage firms posted mixed 2025 results, with HyperStrong leading a 40% revenue surge and a 46% profit jump. Pylontech saw revenue jump 57% and profit double, yet operating margins fell sharply amid fierce competition. GoodWe returned to profitability thanks...
The Brent oil price is now up a stunning 14% from Friday and we're starting to see disorderly strengthening in the Dollar as the global risk-off builds. Even gold is down versus the Dollar at this point. This is a...
Ukraine is under pressure to let the EU inspect a damaged pipeline carrying Russian oil to Hungary and Slovakia, as the pro-Kremlin countries accuse Kyiv of overstating the impact of a Russian attack. https://t.co/FChmxjyqus
The Production Engineering of E‑Mobility Components (PEM) chair at RWTH Aachen launched the three‑year DigHy project, backed by €1.1 million from Germany’s Federal Ministry for Research, Technology and Space. The initiative aims to build a digital, scalable hydrogen infrastructure for the...
Middle East ports operational update: Tuesday March 3: No internationally recognised legal closure of the Strait of Hormuz https://t.co/iXWbXlmInn
What level does crude have to trade below for SPX to go green on the day
Schletter Group installed its FS Duo steel mounting system at a 96 MWp solar PV farm near Udine, Italy, deploying 156,700 modules. The two‑post design stacks three modules vertically, boosting land‑use efficiency while delivering high structural stability. Driven hot‑dip galvanized steel...
Here is the latest 7-day rolling number from the Strait of Hormuz. Impacted? Yes. Closed? No. https://t.co/paTmzStHh6
Crude Oil prices are at about the mid-point of a 20-year range $150 Crude is NOT NOT out of the question for 2026 With Gavin in power in California, $10 per gal gas is within sight All for homeless tents under every bridge...
U.S. and Israeli strikes prompted Iran’s Revolutionary Guard to announce a closure of the Strait of Hormuz, one of the world’s most vital oil chokepoints. The move threatens to halt commercial traffic, immediately spiking crude prices and prompting insurers to...
Everyone assuming the Oil move is inflationary. An Oil spike historically more often than not precedes equity tail events and economic recessions. Why? Speed of Oil move is deflationary shock.
The U.S.-Israel-Iran conflict has triggered the largest oil price jump in four years as the Strait of Hormuz effectively shut, sending crude markets into turmoil. Inflation concerns now dominate Treasury trading, pushing the 10‑year yield above 4% and raising mortgage‑rate...
Toyota and Stellantis announced they will leave the EU‑wide “Tesla CO₂ pool” starting in 2026, removing two of Tesla’s biggest financial contributors. The pool lets manufacturers pool emissions to meet EU targets, with high‑EV makers offsetting higher‑emission brands. Toyota expects...
Wind turbines sited on agricultural land occupy a modest 15‑25 metre concrete base, leaving the majority of the field available for crops or livestock. UK planning rules require acoustic assessments, and measured noise typically matches rural background levels. Ecological surveys and...
Energy crunch risks the BOE missing its inflation target for another year https://t.co/FWCJnvjnZJ via @tomelleryrees https://t.co/zZtUBjDKCz
