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
Mirion Technologies reported record 2025 orders exceeding $1.1 billion, a 26% year‑over‑year increase, driven by strong nuclear power demand and a $150 million large‑opportunity pipeline. Revenue rose 7.5% to $925.4 million, with adjusted EBITDA up 12% to $227.9 million and free cash flow doubling to $131 million. Acquisitions of CertRec and Paragon expanded North American nuclear power exposure to roughly 40% of total revenue and boosted the backlog 36%. Management guided 2026 revenue growth of 22‑24% and adjusted EBITDA of $285‑$300 million, citing ongoing AI initiatives and supply‑chain synergies.
I think this is a great idea. I wrote a piece on floating nuclear for @ASMEdotorg @MEngineeringMag last September. Floating nuclear drives up costs on one hand (you have to build the ship and the power plant) but saves...
Transgrid’s latest cost blowout raises a key question: What was the point of privatising energy networks? #energysky -- via Renew Economy: https://t.co/7EDjWkfvfl https://t.co/sG9wky3ieM
Clean Energy Fuels reported adjusted EBITDA of $67.6 million for 2025, topping the high end of its $65 million guidance despite the loss of alternative fuel tax credits. GAGA loss widened to $222 million, mainly from non‑cash interest charges tied...
After financial commitments fell through, the German government pours €1.3 BILLION into Salzgitter’s green steel project. GERMANY'S GREEN SECULAR RELIGION = KILLING THE GERMAN ECONOMY. https://t.co/gmESJ38qxH
Exelon Corporation reported full‑year adjusted EPS of $2.77 and GAAP EPS of $2.73, topping the midpoint of its guidance thanks to favorable weather and regulatory outcomes. The utility announced a $41.3 billion capital plan through 2029, with more than 70% earmarked...
First Solar reported record 2025 module shipments of 17.5 GW, a 24% increase year‑over‑year, and net sales of $5.2 billion at the top of its guidance range. Gross margin fell to 41% from 44% due to tariff costs and under‑utilized overseas plants,...
NRG Energy reported a 32% year‑over‑year rise in adjusted EPS to $2.78 and a record $1.205 billion adjusted EBITDA for Q3 2025, driven by strong performance in its Texas and smart‑home segments. Free cash flow before growth hit $828 million for the...
Tigo Energy reported Q3 2025 revenue of $30.6 million, up 115% year‑over‑year and 27% sequentially, driven by a 68% jump in U.S. sales and strong repowering demand. The company returned to GAAP operating profitability with $0.6 million operating income and...
Talos Energy reported adjusted EBITDA of $294 million and adjusted free cash flow of $99 million for the quarter, driven by cost‑saving initiatives and strong operational performance. Average production reached 93,300 barrels of oil equivalent per day, with oil comprising 69% of...
Solaris Energy Infrastructure announced a major upsizing of its core power‑solutions contract to 900 MW with a seven‑year tenor, extending earnings visibility to 2033. The joint‑venture, in which Solaris holds a 50.1% stake, is fully financed by a $550 million senior secured...
U.S. Energy Secretary Chris Wright urged the IEA to refocus on energy security, coinciding with a federal push to boost oil and gas exports, especially LNG to Europe. The EU, facing record LNG imports and only 30% gas reserves, has...
Par Pacific Holdings reported Q3 2025 adjusted EBITDA of $372 million, largely driven by a $200 million boost from small refinery exemptions. Throughput reached a near‑record 198,000 barrels per day and system‑wide production costs fell to a record low $6.13 per barrel....
Kazakhstan’s oil export pathway is under heightened risk as Ukrainian drone attacks cripple the Caspian Pipeline Consortium (CPC) loading facilities in Novorossiysk, cutting December shipments by roughly 22 percent. The CPC pipeline, which moves over 80 percent of Kazakhstan’s oil,...
EOG Resources reported a record $4.7 billion free cash flow for 2025, returning 100% of that amount to shareholders through an 8% dividend increase and $2.5 billion of share repurchases. The company cut well costs by 7% by extending lateral lengths and...
Australia moves toward a fixed-price power deal to keep Rio Tinto’s Tomago aluminium smelter running after 2028. https://www.metalnomist.com/2026/02/tomago-aluminium-smelter-power-purchase.html
The U.S. Department of the Interior finalized a rule on Monday that slashes the time required to secure oil and gas drilling permits on federal lands. The regulation trims environmental review periods, limiting National Environmental Policy Act (NEPA) assessments to...
WinDC has teamed up with Indigenous‑led MSP Yirigaa to roll out modular, high‑density AI data centres powered by renewable energy at generation sites across regional Australia. The partnership couples WinDC’s zero‑scope‑2 emissions compute modules with Yirigaa’s ISO‑27001‑certified workforce, delivering training,...
Last week the U.S. Supreme Court invalidated most of the tariffs imposed by the Trump administration on clean‑energy imports. The decision instantly altered market expectations for solar panels, wind turbine components, and battery materials that had been adjusting to higher...
The BNY Mellon Global Infrastructure Income ETF (BKGI) delivers active, worldwide infrastructure exposure through 33 holdings and a 0.55% expense ratio. Over the past three years it generated a 19.4% annualized return, beating its S&P Global Infrastructure benchmark’s 13.6% return. The...
France has reversed its plan to close 14 reactors, opting instead to extend its existing fleet and build at least six new EPR2 units. EDF’s preliminary cost estimate for the first six reactors now stands at €72.8 billion, underscoring the scale...
India’s 2026‑27 Union Budget earmarked roughly $2.4 billion (₹20,000 crore) for a national carbon capture, utilisation and storage (CCUS) programme targeting steel, cement and other heavy‑industry emitters. The funding marks a shift from research‑only projects to a full‑scale industrial strategy, driven by...
U.S. solar projects continued heavy reliance on imported silicon panels and cells in 2025, with 33 GW of panels and 21 GW of cells entering the market. Imports shifted toward Southeast Asian suppliers, led by Indonesia, Laos and India, while Ethiopia and...
California State Senator Scott Wiener introduced Senate Bill 875 to let San Francisco municipalize its electric distribution, aiming to break away from PG&E. The move follows repeated blackouts, rates that are roughly double those of neighboring areas, and safety failures...
Last Week, This Morning for Feb. 23 1. Electrification of Canada - the narrative trap 2. CPC floor crossing, Jivani in Washington 3. Danielle Smith and immigration, 9 referenda 4. Gil McGowan and Alberta unions fight back #ableg #cdnpoli https://youtu.be/NQLr-oMVHKk
West African crude traders are slashing discounts as freight rates to Asia surge to a five‑year peak and the Brent‑Dubai exchange‑for‑swaps (EFS) spread widens to about $2 per barrel. The higher shipping costs and broader EFS premium have pushed West...
Kazakhstan’s state‑controlled miner Kazatomprom announced a new contract to supply fresh uranium to India, reinforcing the latter’s nuclear fuel pipeline. The deal follows earlier agreements that delivered 2,100 tonnes in 2009 and 5,000 tonnes between 2015‑19. While exact volumes were...
Forescout Technologies has become a vendor affiliate of the North American Electricity Information Sharing and Analysis Center (E‑ISAC), extending its threat‑intelligence sharing to U.S. utilities and grid operators. Through its Vedere Labs research unit, the company will feed cyber and...
A tanker chartered by Reliance delivered about 100,000 tons of diesel to Rotterdam, marking the first Indian petroleum fuel cargo to reach the Amsterdam‑Rotterdam‑Antwerp hub since the EU imposed sanctions on Russian‑crude derived products. The vessel, Proteus Bohemia, loaded in India’s...
The OECD’s "Effective Carbon Rates 2025" report surveys 79 countries and compares three carbon‑pricing tools: fuel taxes, explicit carbon taxes, and emissions‑trading systems. By weighting tax level against the share of emissions covered, the analysis shows fuel taxes remain the...
Hybrid car batteries, paired with compact rare‑earth‑based electric motors, have reshaped vehicle efficiency by enabling high‑power assist, regenerative braking, and smoother launches. Neodymium‑iron‑boron magnets deliver the torque density needed for these systems, while dysprosium and terbium protect performance at elevated...
I expect we will see similar results worldwide soon, country by country. A flattening of CO2, followed by a decline, as renewables replace coal and gas, and EVs displace gasoline/diesel.
How Canadian Innovation and Entrepreneurship Could Lead Global Carbon Removal Senator @colindeacon discusses “Carbon Removal, From Air to Sea,” released on Feb 5. #cdnpoli https://youtu.be/MrWuN-uuFzk
In late 2025 and early 2026 the U.S. Coast Guard and allied forces seized three oil tankers—M/T Skipper, M/T Centuries and Bella 1—after months of multi‑source intelligence proved they were moving sanctioned cargo. The operation underscores a new enforcement paradigm: governments...
Ukraine turned to solar power as their energy infrastructure is destroyed by Russia. Cuba turns to solar power as the U.S. cuts off oil shipments. See a pattern here??
European Union members make mixed progress in implementing energy storage strategies #energysky -- via Energy Storage News: https://t.co/kTQpOX2ldX
Redefining BESS bankability in 2026: from installed capacity to operational performance #energysky -- via Energy Storage News: https://t.co/oeWGFHHUsy
$DSPX $OIH the miracle of dispersion/factor and narrative herding- OIH, oil service companies (and XLE) have stopped caring about the price of oil https://t.co/KSEm3I1wDU
Locals launch last-ditch legal challenge in bid to stop Marinus Link #energysky -- via Renew Economy: https://t.co/3JXw7onas3 https://t.co/YacCtryQP3
Certainty and uncertainty take center stage at Intersolar and Energy Storage North America 2026 #energysky -- via pv magazine usa: https://t.co/gtDWrb7IcT https://t.co/VEuvEuSaRB
India’s electricity transition accelerates, but state-level gaps persist, says report #energysky -- via pv-tech: https://t.co/8JMDFaeeSy
Beyond rectangles: How geometry-constrained optimization can unlock more rooftop solar #energysky -- via pv magazine usa: https://t.co/XnjsGEvlbI https://t.co/YpXtdzFktR
World’s largest solar-plus-storage project completes initial grid synchronization #energysky -- via pv magazine global: https://t.co/Dw6ir5rO3W
👀 #Energy-related companies' interest in opportunities in #Venezuela is starting to show up in lobbying reports. Expect to see more of this K Street action, as we reported in this morning's @axios Future of Energy newsletter. #OOTT (1/3)
Renewables and Batteries Comprise 93% of New U.S. Generating Capacity This Year #energysky -- via Heatmap News https://t.co/UokkhuyyPf https://t.co/QES3dHLq5F
World’s most expensive nuclear power plant blows out again, by €2.5 billion and 12 months #energysky -- via Renew Economy: https://t.co/IAT2b1WZ5z https://t.co/VcM9xK4NFF
California, Oregon, Minnesota, Rhode Island, Maine, Massachusetts and Vermont have aggressive (75-100%) zero-emission electricity mandates AND bans on new nuclear power. If these states don't repeal these policies—and soon—they will face: 1) sky-high electricity rates (from catastrophically expensive overbuilds of solar/wind/batteries and...
SEIA: US installed 57.6 GWh of new energy storage capacity in 2025 #energysky -- via Solar Power World: https://t.co/ZVXllTa5xB
Lower gasoline costs will save money for those who drive cars w/ outdated combustion-powered drivetrains (more than $700/household according to this post). As a separate data point I will spend ~$290 this year to charge my electric vehicle (8000 miles, 0.3...
Enel acquires 830MW US PV and wind portfolio, ups renewables investment #energysky -- via pv-tech: https://t.co/3AfV5Qymhs
