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
Consilium, a global specialty re/insurance broker, announced the creation of an Energy Risk Solutions Division and the appointment of Johnny Hilliard as Managing Partner. Hilliard, who joins after a 16‑year career at Amwins Global Risks and other firms, will lead the division’s focus on energy liability and structured risk transfer. The new unit follows Consilium’s International Casualty Division launch, signaling a broader strategy to deepen its presence in the energy market. The move aligns with the firm’s growth plan and technology‑driven service model.
The U.S. Department of Justice filed a civil forfeiture complaint to permanently seize the motor tanker Skipper and its 1.8‑million‑barrel Venezuelan crude cargo. Authorities seized the vessel off Venezuela in December 2025 after it operated without nationality and falsely claimed...
Researchers at Northwestern University have created an electrically driven carbon‑capture system using quinone‑functionalized covalent organic frameworks (COFs). The open‑flask synthesis produces gram‑scale COF powders that can be spray‑coated onto electrodes, enabling CO₂ adsorption and release via electrochemical redox cycles without...
Chinese battery giant CATL and German automaker BMW have signed a letter of intent to deepen their partnership, targeting data exchange for the EU battery passport. The two will run pilot projects using the Catena‑X open data ecosystem to enable...
Yokogawa introduced an optical dissolved‑oxygen sensor that replaces traditional electrochemical units in a combined‑cycle power plant. The new device uses luminescence quenching, delivering parts‑per‑billion accuracy without membranes or electrolytes. After installation, the plant saw stable readings, fewer calibration interruptions, and...
Transformer supply is hitting a critical bottleneck as lead times for large units have more than doubled since 2019 and U.S. prices have surged 79%. Hitachi Energy is responding with a $1.5 billion investment in new manufacturing capacity, part of a...
Catholic Charities of Brooklyn and Queens, with Crauderueff Solar, installed 17 rooftop photovoltaic projects totaling 1.3 MW across its regulated affordable‑housing portfolio. The projects are structured as behind‑the‑meter net‑metered systems owned by a newly formed Special Purpose Entity, allowing the nonprofit...
Indonesia’s new trade agreement obliges the country to import $15 billion of U.S. oil and gas each year, contradicting President Prabowo Subianto’s pledge for energy self‑sufficiency. The deal was signed to sidestep tariffs that were later nullified, leaving Indonesia locked into...
In this episode, Argus's Way to Freight talks with Dr. Ibrahim Alnathiri, CEO of Asyad Shipping, about the company’s aggressive fleet renewal and expansion, including the recent purchase of three VLCCs and four other newbuilds. Alnathiri explains how a younger,...
Silver has become a strategic material for the clean‑energy transition, with solar photovoltaics now accounting for roughly 17% of global silver demand. Primary ore grades are falling, pushing the industry toward higher‑grade, above‑ground sources such as retired solar panels that...
U.S. data‑center construction is driving a surge in electricity demand, giving wind turbine OEMs a fresh growth catalyst despite a hostile regulatory environment. German onshore specialist Nordex projects $11 billion in 2025 orders, while Danish Vestas expects revenue of $24‑26 billion in...
The European solar market posted strong growth in 2025, with Germany, Spain, France, Italy and Poland driving capacity additions. At Intersolar Europe 2026, industry leaders will showcase PV‑wind‑storage hybrid plants and new financing structures, especially Contracts for Difference (CfD). Falling...
Purafy Clean Technologies and Electromaax have formed a strategic partnership to produce and distribute the Purafy Portage, a portable water purification and desalination system. Electromaax will handle manufacturing and leverage its global marine distribution network, while Purafy supplies graphene‑enhanced ultrafiltration...
RWE’s Pembroke Power Station has achieved its 10,000th start of a combined‑cycle gas turbine, marking the plant’s shift from baseload to a flexible resource that backs a grid dominated by wind and solar. The 2.2 GW facility, opened in 2011, now...
Boralized’s Q4 2025 earnings climbed to C$178 million, a C$9 million increase year‑over‑year, driven by an 18% production boost from favourable wind and newly commissioned sites. Net earnings swung to C$26 million, reversing a loss from the same quarter last year. Six new projects...
Venezuelan heavy crude is reentering the unsanctioned global market for the first time in seven years after the United States assumed control of PDVSA. The bulk of the renewed shipments are expected to flow to the U.S. Gulf Coast, with...
Britain’s low‑carbon economy posted a record £77 billion turnover in 2024, a 12% jump and a 90% increase since 2015. Power generation – wind, solar, nuclear and carbon capture – contributed £33.6 billion, roughly 44% of sector revenue, while low‑emission transport surged...
The EPA’s own analysis shows that only 27 of the nation’s 219 coal‑fired power plants would need costly upgrades to meet the 2024 Mercury and Air Toxics Standards (MATS). Despite this, the Trump administration rolled back the stricter limits on...
Turkey is negotiating a $500 billion energy partnership with the United States that appears tied to a prospective purchase of Lockheed Martin F‑35 Lightning II fighter jets. The deal is expected to be formalised at the NATO summit in Ankara on 7–8 July, with...
CHART OF THE DAY: The cost of European CO2 allowances has fallen ~20% in recent days after several key countries asked Brussels for a reform. Italy has gone as far as asking the Emissions Trading Syste to be suspended. CO2...
SEB analysts warned that the oil market is jittery ahead of the weekend, with Brent crude hovering around $71 per barrel after trading in a $69.16‑$72.61 range. The report outlined four price scenarios, ranging from $55 to $150 per barrel,...
U.S. GAS inventories depleted much more slowly than normal for the time of year in the middle part of February, largely erasing the previous storage deficit and causing futures prices to slip below $3 per million British thermal units to...
Despite significant federal headwinds, US renewables just had a record year. Notably, 93% of new generation capacity expected to be added to the US grid this year is projected to come from wind, solar and batteries. https://t.co/XSZdvMLYWX
Sunrun posted a blockbuster Q4 and full‑year 2025, with revenue soaring to $1.16 billion in the quarter and $2.96 billion for the year. Net income flipped to $449.9 million, erasing a multi‑billion‑dollar loss from 2024, and diluted EPS rose to $1.71. The company’s...
For his next move, Trump should create a muscular Transmission Resilience & U.S. Modernization Program (TRUMP) to plan, finance and then solicit competitive bids to build out the Trump Interstate Electricity System (high voltage backbone grid for resilience & industrial...
It's also the correct one. "American Energy Dominance" can't ignore one of the cheapest and fastest growing sources of American energy.
Researchers introduced a scalable organic‑inorganic hybrid protective layer of sulfonated poly(ether ether ketone) (SPEEK) and boron nitride nanosheets (BNNS) for aqueous Zn‑ion batteries. The SPEEK‑BNNS interface regulates Zn2+ transport, lowers migration barriers, and mechanically suppresses dendrite formation. In symmetric cells...
Gotta love a decade-plus breakout but XLE flows represent a tactical risk to the energy trade. Most one-month inflows since 2008 https://t.co/S4x6eWEanb
India prioritizes national security and economic growth above aggressive, ideologically driven climate policies seen in some European countries. India seeks to cut power sector coal imports by 30% this year, sources say https://t.co/bA7W0ywe6Y
Tesla is expanding its energy portfolio worldwide. Supply Partners Group will begin distributing Tesla Powerwall units in Australia by mid‑March 2026, bolstering residential storage amid rebates and competitive pricing. In the United States, Tesla is advancing a $200 million Megapack Megafactory...
Europe’s energy transition is well underway but it is far from uniform. In 25 European countries, non-fossil fuel sources now generate the majority of electricity, a clear sign of how deeply clean power has penetrated the system. https://t.co/NjTmx157Rn
With access to clean, reliable power, communities thrive, industries grow and people prosper. I welcome you to be part of #EmPowerGrowth, our global campaign to expand #energyaccess & unlock the full potential of green industrialization. Find out more: https://t.co/mSNgDa52aM https://t.co/Q6JzmtMdZ5
TGS has launched the Nigeria Laide multi‑client 3D seismic survey covering about 11,700 sq km in the eastern Niger Delta. The project, executed with NUPRC and SeaSeis Geophysical, uses the GeoStreamer dual‑sensor system and advanced broadband acquisition. It delivers data suitable for...
The China Nonferrous Metals Industry Association reported polysilicon operating rates fell to just 32% of capacity, extending an oversupply that pushed polysilicon prices lower and softened wafer prices across all grades. Wafer prices dropped 3‑8% after the Chinese New Year,...
So @BradleyThomasUK wants to know about the CO2 impact of Chinese clean-tech manufacturing, having just asked a Q in parliament Which is lucky, cos we published detailed analysis on this last year: China’s clean-energy exports in 2024 alone will cut overseas...
Cheniere Marketing International, a subsidiary of Cheniere Energy, exercised its option to charter additional new‑build LNG carriers from Ocean Yield and NYK Line, potentially expanding its fleet to eight vessels. The optional ships will be built by Hyundai Heavy Industries...
Array Technologies posted Q4 2025 revenue of $226 million, an 18% YoY decline, while full‑year revenue jumped 40% to $1.28 billion. The company narrowed its net loss to $112 million but remained in the red, and its order backlog reached a record $2.2 billion. Guidance...
The crude tanker market is experiencing a sharp surge, with VLCC spot hires topping $200,000 per day and one‑year time‑charter equivalents reaching $135,000. Baltic Exchange data show composite VLCC rates near $169,000 daily, while International Seaways (INSW) reported Q4 2025...
European policy tools such as the TRQ, CBAM and the draft Industrial Accelerator Act are reviving investment in low‑emission steel, exemplified by ArcelorMittal’s €1.3 billion Dunkirk electric‑arc‑furnace slated for 2029. While earlier green‑hydrogen DRI projects have been delayed or scaled back,...
University of California, Riverside researchers deployed large‑language‑model agents as “virtual residents” to capture community sentiment on data‑center proposals early in the planning cycle. The AI agents consistently highlighted water consumption, utility costs and electricity demand as primary concerns, while identifying...
European Energy reported a robust 2025, with revenue surging to €766 million and EBITDA reaching €170 million. The firm expanded its battery energy storage systems pipeline from 2.4 GW to 7.4 GW and launched the world’s first large‑scale commercial e‑methanol plant in Denmark. Over...
Matador Resources reported Q4 2025 revenue of $850 million, down 12.6% YoY but beating consensus by 475 bps. Adjusted EPS reached $0.87, roughly 1,500 bps above forecasts, while production rose and midstream cash flow stayed strong. The company guided 2026 to 3% production...
Ricardo Valbuena’s second installment on asset integrity highlights two core pillars: people development and risk‑based inspection (RBI). He advocates establishing a structured inspector career ladder and supporting staff with API certifications to boost motivation, skills, and retention. The article also...
Phased‑array ultrasonic testing (PAUT) is being promoted as a replacement for radiographic testing (RT) in heat‑recovery steam generator (HRSG) pipe weld inspections. PAUT removes ionizing radiation exposure, delivers instant defect data, and allows real‑time welding adjustments. The technology shortens inspection...
The American Petroleum Institute’s Fall 2025 API Standards Conference, held November 9‑15 in Anaheim, convened the Committee on Refining Equipment to review and advance SCIMI initiatives. Six SCIMI standards were published in 2025, including addenda to RP 574, RP 580, RP 575 and RP 570,...
The article emphasizes that a structured inspection planning process, anchored by a risk‑based planning matrix, is essential for successful turnarounds (TAs). Developing a comprehensive Inspection Test Plan (ITP) early ensures clear communication of scope, methods, acceptance criteria, and hold points...
JLL’s new report warns that power reliability is eclipsing traditional location priorities in commercial real estate. Tenants in data centers, advanced manufacturing, labs and healthcare are willing to pay sizable rent premiums for sites with resilient energy supplies. The study...
In this episode, host Jonas interviews uranium expert Brandon Munro about Bannerman Resources' landmark deal with China National Nuclear Corporation (CNNC), which sees CNNC acquire a 43% stake in the Etango uranium project in Namibia. Munro explains the decade‑long journey,...
Eni’s chief executive Claudio Descalzi announced that, following a recent easing of U.S. sanctions, Venezuela can now settle its roughly $3 billion gas debt by delivering oil. The debt stems from gas supplied by the Perla offshore field, which Venezuela’s PDVSA...
Indigenous‑led Yindjibarndi Energy Corporation (YEC) has opened an expression of interest for commercial and industrial customers to purchase renewable electricity from its expanding Pilbara portfolio. Its flagship hybrid wind‑solar‑battery project, Baru Marnda, secured Strategic Project status and appears on the national...
