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 Inflation Reduction Act and accompanying Bipartisan Infrastructure Law sparked a massive reshoring wave, tripling U.S. manufacturing construction spending between 2021 and 2024. The legislation attracted EV battery, solar, and other cleantech projects, creating a surge in blue‑collar jobs. Following Donald Trump’s election, the article warns that policy reversals are already pulling down construction spending, ending the boom. Investor sentiment reflects the shift, with U.S. equities underperforming global peers.
Two 32‑year‑old construction workers were killed on 25 February when a platform fell inside the tower of the 86 MW Fischborn wind farm in Hesse, Germany. The accident occurred while the men were using an aerial work platform on a turbine...
The European Commission has approved Azerbaijan’s state oil company SOCAR to acquire 99.82% of Italy’s Italiana Petroli, including its two refineries and a network of roughly 4,500 fuel stations. The deal adds about 10 million tonnes per year of crude‑processing capacity to...
Shell India’s new scenarios sketch projects that India’s total energy demand will outpace the United States in the 2040s and overtake China by the 2060s, driven by rapid economic and population growth. The report shows the fossil‑fuel share in the...
SHINE Technologies announced a $240 million equity raise led by NantWorks, bringing its total funding above $1 billion. The round adds Dr. Patrick Soon‑Shiong to the board, linking the fusion firm with a serial biotech entrepreneur. SHINE will use the capital to...
1. Reasonably clear that the all-important final EPA rulemaking on 2026-27 RVOs will be released by the end of March and that it will be fundamentally different from the June 2025 proposed rulemaking. Todd Hubbs and I tackle the...
Armenia is negotiating a U.S.-backed small modular reactor (SMR) program that could add up to 30% of GDP to its public debt in a worst‑case scenario. The $9 billion figure reflects a sovereign‑guaranteed loan rather than direct foreign investment, contrasting with...
China dominates domestically with 60 reactors and a growing pipeline, yet its export push for the 1,100 MW Hualong One and 1,400 MW CAP1400 has stalled. Only three Hualong One units have been built abroad, all in Pakistan, while no CAP1400 deals...
Researchers at Tohoku University demonstrated that the exact nitrogen coordination around a single cobalt atom dramatically changes its oxygen‑reduction reaction (ORR) performance. By synthesizing Co‑Nx sites with x = 3, 4, and 5 on carbon nanotubes, they showed asymmetric Co‑N₃ delivers the highest overall activity,...
Can orbital data centers solve AI’s massive power crisis? Tech titans like Musk, Bezos, and Pichai are betting on $51B satellite networks to move AI processing off-planet. The goal: Unlimited, 24/7 solar power. Is it a brilliant move or a...
EnCap Flatrock Midstream is exploring a sale of its gas‑pipeline subsidiary Momentum Midstream for a price exceeding $5 billion. The private‑equity firm has engaged advisers and is gauging interest from rivals and other buy‑out funds. Momentum operates roughly 4,000 miles of...
Eni SpA has approved a final investment decision to convert units at its Pavia refinery into a biorefinery capable of processing up to 550,000 metric tons of waste‑derived feedstock per year. The project, which repurposes the Hydrocracker (HDC2) with Ecofining™...
Norwegian offshore vessel owner Eidesvik Offshore has commissioned the conversion of the 95‑metre platform supply vessel Viking Energy to run on ammonia, with work slated for completion in autumn 2026. Wärtsilä will provide a 25 MW dual‑fuel engine capable of burning...
In this episode, host decouple talks with nuclear fuel expert Michael Seeley about the unique nature of nuclear fuel, its manufacturing, and the evolution of fuel reliability. They explain how uranium dioxide pellets and zirconium cladding work together to contain...
Russian Finance Minister Anton Siluanov announced a sweeping fiscal overhaul, lowering the oil‑price budget rule threshold by $1 each year for five years to shift revenue reliance from oil and gas to domestic consumption. The move follows a sharp drop...
A new Trust and Transparency in Business Energy Charter (TNT Charter) was unveiled in the UK to address collapsing trust in the business energy market. Backed by Labour MP Sarah Edwards, the voluntary code calls for clear pricing, fair sales...
Ormat Technologies reported a 19.6% rise in Q4 revenue to $276 million and a 12.5% increase for the full year, while GAAP net income slipped to $31.4 million in the quarter. The company’s energy‑storage segment more than doubled its revenue, and the...
Everllence, formerly MAN Energy Solutions, will supply four electrically driven compressor trains to MODEC for an FPSO serving ExxonMobil’s Hammerhead field offshore Guyana. The order includes two low‑pressure gas compressors with variable‑frequency drives and two export‑gas compressors with fixed‑speed drives....
Fraunhofer’s FZEB has launched the ProBatman project to develop direct recycling of lithium‑ion battery cathodes, aiming to recover high‑purity materials while minimizing waste. Coordinated by Netzsch‑Gerätebau, the consortium includes BMW, EurA AG, the University of Würzburg and several technology firms,...
Peak Gas, Crude Risks Elevated in 2026; Energy Price Trend Down - Absent a supply shock from potential hostilities with Iran, crude oil may be more likely to peak in 1Q on the back of natural gas. Predominant downward price...
The Philippines Department of Energy issued Circular No. DC2026‑02‑0008, requiring all variable renewable energy (VRE) projects of 10 MW or larger to integrate energy storage systems (ESS). The rule mandates storage capacity of at least 20 % of the renewable plant’s capacity...
A Commonwealth think‑tank recommends that English councils replace private contractors with in‑house crews to deliver the £15 bn Warm Homes plan. The proposal calls for creating 30 regional "home improvement corporations" that would train and employ up to 140,000 workers to...
Victoria’s State Electricity Commission (SEC) has begun preliminary works at the Delburn Wind Farm, installing five 130,000‑litre firefighting water tanks as part of a broader fire‑mitigation plan. The 205 MW project, purchased for about $650 million, becomes the state’s first publicly owned...
Chile’s mining ministry is set to file five new lithium contracts in March, just days before President Gabriel Boric departs office, as part of a push to accelerate the 2023 national lithium strategy. The contracts target the Salar de Ascotán,...
SSE Energy Markets has signed a 47‑month power purchase agreement with CWP Energy for 33 % of the 308 MW Sanquhar 2 onshore wind farm, covering 83.4 MW and roughly 354 GWh of annual generation. The project, slated for first power in Q3 2026 and full...
The Chartered Institution of Highways & Transportation (CIHT) has released a detailed guide titled "Rolling out Electric Vehicle Charging Infrastructure: Advice for Local Authorities" to help UK councils plan, deliver and maintain inclusive public EV charging. The guidance aligns with...
China’s lithium carbonate futures surged after Zimbabwe suspended all raw mineral and lithium concentrate exports. The Guangzhou Futures Exchange contract jumped 6.07% to 178,020 yuan, having peaked above 9% earlier in the session. Zimbabwe, the continent’s top lithium producer, shipped...
Who is Velesto Energy Berhad? 🌊🏗️ If you’ve been following the Malaysian stock market or the O&G sector, you’ve definitely seen this name. But do they just "dig for oil"? Here’s the breakdown of this local giant. 🧵👇
Wood Mackenzie warns that the world’s 30 largest oil and gas firms must add roughly 22 million barrels of oil‑equivalent per day by 2040 to preserve their share of global demand. Current output of about 50 mbd is projected to fall nearly...
The U.S. State Department lodged a formal protest with Ukraine after a drone strike hit Russia’s Black Sea oil terminal in Novorossiysk, damaging American economic interests. Ukrainian Ambassador Olha Stefanishyna confirmed the warning, urging Kyiv to refrain from targeting U.S....
GRS has secured a 50 MWp photovoltaic contract for the Dintel Solar plant in Wamba, Valladolid, partnering with Millennium Green Investment Group. The project is the second under construction in Castilla y León and will contribute to a 275 MWp pipeline, pushing...
WisdomTree’s latest blog argues that uranium’s rally is rooted in solid fundamentals as nuclear power re‑enters the global energy agenda. Thirty‑one countries have pledged to triple nuclear capacity by 2050, while the United States targets a four‑fold increase. Major tech...
U.S. CRUDE OILinventories surged by 16 million barrels over the seven days ending on February 20, the largest one-week increase for three years. The increase was concentrated at refineries and tank farms along the Gulf Coast where stocks rose by...
Zelestra is advancing construction of its 27 MWdc Klevenow solar plant in Mecklenburg‑Vorpommern, targeting commercial operation by the end of Q2 2026. The project, secured through Germany’s EEG tenders, will generate roughly 28,700 MWh annually and avoid about 9,500 tonnes of CO₂ each year....
Two of the four projects selected for New South Wales’ South West Renewable Energy Zone have been sent to the Independent Planning Commission after a wave of long‑distance objections. Spark Renewables’ 1.2 GW Dinawan wind project received 86 objections, while BayWa RE’s...
RWE has more than doubled its renewable construction portfolio in Italy, reaching 235 MW after launching 123 MW of new wind and solar projects for 2026. The expansion builds on a 112 MW build‑out started in 2025, together enough to power over 190,000...
The Royal Automobile Association is urging South Australia to require energy‑efficiency ratings on every home at sale or lease. Around 70% of the state’s housing stock predates the 2003 minimum standards, leaving the average Australian home at a meagre 1.7‑star...
RenewableUK Cymru has released the Cymru Clean Power plan ahead of the 2026 Senedd election, urging the next Welsh Government to adopt a bold clean‑power strategy. The proposal outlines a £10 billion economic opportunity, 8,000 secure jobs and up to £183 million...
The Zimbabwe export ban seems to be due to transfer pricing, ie producers understating grade/value of exports. Similar to what we saw from the Chinese company that operated Bald Hill in Australia a few years ago. On my calcs, average Zimbabwe...
British power producer Drax reported lower 2025 earnings, with adjusted EBITDA falling to £947 million from £1.064 billion, driven by weaker power prices. The company improved its balance sheet, cutting net debt to £784 million and raising earnings per share to 137.7 p, enabling...
Carbonova secured C$13.6 million to build its first commercial demonstration unit (CDU‑25) in Calgary, converting captured CO₂ and natural gas into 25 tonnes of carbon nanofibres per year. The financing blends a recent C$4.38 million grant from Emissions Reduction Alberta with strategic cash...
The 2026 Year of the Fire Horse marks the 60th anniversary of the world’s first VLCC, Idemitsu Maru, and has sparked a surge in supertanker charter rates, with spot prices topping $200,000 per day and rumors of a one‑year deal...
Balcony‑mounted plug‑in solar panels are gaining legislative traction, with bills introduced in 28 states and Washington, D.C. that would legalize permission‑less, up‑to‑1,200‑watt devices on renters' and owners' balconies. Utah remains the only state with an explicit law, but lawmakers across...
MGA Thermal has secured AU$3.25 million from ARENA to fund up to five front‑end engineering design (FEED) studies for its patented MGA Block thermal energy storage system. The studies will produce detailed designs, cost estimates and risk assessments for industrial partners...
Velesto Energy just reported a profit dip for FY25, yet they are paying out the highest dividend in the company's history. Is the RM1.3 billion order book enough to offset lower rig utilization and declining charter rates? Here is the breakdown of...
100% clean, renewable energy transition explained: Why WindWaterSolar is cheaper, cleaner, faster, and safer than any other option for addressing global warming, air pollution, and energy security. My clean Energy Edge Podcast with Russ Bates https://t.co/ok8VsPZwTC
#CubaWatch🇨🇺: Yesterday, the US Treasury said it would authorize the resale of Venezuelan oil to Cuba. But it remains UNCLEAR how or will this work. THE DEVIL IS ALWAYS IN THE DETAILS. https://t.co/PLsrYShRGo
Delighted to have a comprehensive discussion with @EUCouncil President António Costa @eucopresident in Brussels on global energy markets & European energy security – with a focus on the competitiveness of European industry & the importance of electricity affordability https://t.co/ixYMCcBHPY
Crude DID end up trading partially into the cave last night....but of course, not when we were looking for this yesterday... https://t.co/BuN0hJWHds
We will soon be closing the first call for Pre-Qualification Applications for the Salone Off-Grid Renewable Energy Acceleration (SOGREA) initiative to develop & upgrade #minigrids in #SierraLeone. More on application guidelines and eligibility criteria 🔗https://t.co/33ny5TBLTw https://t.co/0B4a9nAILj
