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
Chinese startup Lin Yi Yuan Chuan Energy Technology successfully tested its S2000 airborne wind power system, a megawatt‑class platform that ascended to roughly 2,000 meters and fed electricity into the local grid. The maiden grid test produced 385 kWh, marking the first grid‑connected operation of a high‑altitude wind turbine. The S2000, built from carbon‑fiber and Kevlar composites, is rated up to 3 MW and aims to capture stronger, steadier winds unavailable to ground turbines. Developers have secured letters of intent with coastal and high‑altitude Chinese regions for commercial deployment.
California’s 2026 budget proposes a Sustainable Aviation Fuel (SAF) tax credit that lets diesel excise taxpayers offset liability by selling SAF. The credit, capped at $2 per gallon, could shave 10‑20 % or more from the state’s diesel tax base, potentially...
Aveva announced it has completed its first major purchase of sustainable aviation fuel certificates (SAFcs) five years ahead of its World Economic Forum First Movers Coalition commitment. The certificates were bought from British Airways, which sources the fuel from renewable...
North America’s weekly rig count rose by two to 775, driven by a two‑rig increase in Canada while the U.S. total held steady at 551. The U.S. rig mix includes 409 oil rigs, 133 gas rigs and nine miscellaneous units,...
The Inter‑American Development Bank’s new market study highlights how rapid renewable‑energy growth is overloading transmission networks across Latin America and the Caribbean. It introduces Grid‑Enhancing Technologies (GETs) as a suite of solutions that can boost line capacity, improve stability, and...
Private investors are entering Africa’s electricity transmission sector, marked by Uganda’s $50 million Amari project—the continent’s first independent transmission project (ITP) to begin construction. Similar public‑private partnerships are emerging in Ethiopia, Kenya and South Africa, where a new procurement programme has...
Uniper SE has signed a ten‑year agreement to supply Gujarat State Petroleum Corp with 0.5 million metric tons per annum of LNG, with deliveries beginning in January 2028. The contract covers roughly one‑third of Gujarat’s gas demand, serving 2.3 million households and 20 000...
German demand for middle distillates weakened in mid‑February as higher ICE gasoil futures pushed up prices. Heating oil volumes fell nearly 13% and diesel sales dropped about 12%, while gasoline saw a modest rise on increased travel. Supply remains ample,...
#NABE2026 Dan Yergin Vice Chairman of S&P500 expert on energy market. N Dakota produces more oil than Venezuela. We have to question reserves in VZ - over half requires $70-$80 per barrel to produce. Too expensive. Skeptical about how...
Denmark announced it will start a process to consider extending one or more North Sea gas production licences beyond their 2042 expiry, potentially up to 2050. The move aims to bolster European energy security while still fitting within the 2020...
Ghana's 45,000 b/d Tema Oil Refinery is conducting a major turnaround on its 14,000 b/d residual fluid catalytic cracker (RFCC), which has been offline since the plant’s restart at the end of December. The work is slated to finish by late April...
Sasol’s newly operational destoning plant at Twistdraai has reduced coal impurity to about 12% sinks, enabling the company to shift from external purchases toward higher‑quality internal supply. The firm aims to lift internal coal output to 28‑30 million tonnes in FY2026...
Kenyan electric‑bus startup BasiGo is piloting a scheduled, fixed‑route commuter service in Nairobi, integrating electric mid‑size buses with existing matatu cooperatives. The three‑bus trial offers nonstop links between estates and business hubs at KES 150‑200 per seat, with 80% of...
Natural gas futures for March surged early Monday as cold‑weather forecasts sparked heightened demand and a short‑covering rally. Prices tested key resistance levels ahead of the contract's Thursday expiration, prompting analysts to warn of increased volatility. While the immediate upside...
The federal government’s solar procurement is pivoting from a broad "Buy American" stance to a targeted "Don’t Buy Chinese" approach. The 2021 Build America, Buy America (BABA) Act still requires 55% domestic content, but agencies frequently seek waivers when U.S.-made...
Lawrence Livermore National Laboratory researchers published a comprehensive review in Chemical Reviews describing how advanced, physics‑based simulation can decode the complex relationships among processing, structure, and performance of single‑crystal battery materials. By spanning atomistic to cell‑level scales, the multiscale models...
Fox ESS has launched the H3‑Pro series, a line of five three‑phase hybrid inverters targeting commercial photovoltaic installations. The models handle 30‑50 kW PV input and 15‑30 kW AC output, support up to 200% PV oversizing, and can be paired with two CQ6...
The U.S. Interior Department issued Public Land Order 7966, revoking two federal withdrawals that covered roughly 2.1 million acres along the Dalton Highway corridor. The revocation removes the long‑standing restrictions, allowing Alaska to select the lands under its remaining statehood entitlement....
A Hong Kong‑flagged tanker loaded with Russian diesel used offshore ship‑to‑ship transfers near Cyprus and repeatedly altered its AIS data to conceal a planned delivery to Cuba. The vessel’s draft increase and route changes suggest deliberate evasion of U.S. sanctions that...
We have been talking about peak electricity demand for several years. There is a smart way to solve it and a "vibes" way to solve it. We won't have a lack of annual energy, we have a lack of peak...
Consolidation in Oil & Gas keeps accelerating - $KNTK is reportedly being approached by $OXY-backed $WES. - Delaware Basin pipeline operator is up 10%+ on the news and even more ytd - Upside looks limited, any deal likely prices near the current mcap....
Ark Energy’s St Patricks Plains wind farm in Central Tasmania has secured federal EPBC approval after more than six years in the assessment queue. The 300 MW project, now approved with conditions, will proceed to construction in early 2027 and aim for...
The US risk drifting toward petrostate economics. Regulatory rollbacks and clean energy policy U-turns aren’t just about climate — they affect jobs, industrial competitiveness, health and investment certainty. https://t.co/6Jn5YrWN68
Energy consultancy ABL has been awarded marine warranty survey services for Phase 4 of the Kamose offshore gas field in Egypt. The contract covers technical review, approval of documentation, DP trials, and on‑site witnessing of transportation and installation for three new...
New @nberpubs: "Industrial Policies for Multi-Stage Production: The Battle for Battery-Powered Vehicles" https://t.co/DX6XB7e1R0 "local content requirements... drive up costs and reduce subsidy uptake, undoing more than half of the EV adoption stimulus coming from pure buyer subsidies" 😲
Celsius Tankers, a subsidiary of Denmark’s Celsius Shipping, has placed an order for a 180,000‑cubic‑metre LNG carrier with South Korea’s Samsung Heavy Industries. The contract, valued at roughly KRW 368 billion ($255 million), lifts Celsius’s LNG fleet to 24 vessels. The new ship...
Mercedes‑Benz Trucks unveiled the eArocs 400, a battery‑electric construction truck equipped with a 414 kWh LFP pack and up to 240 km range, after completing winter tests down to –20 °C. The vehicle features a 380 kW continuous, 450 kW peak drivetrain, 400 kW CCS2 fast‑charging, and...
The European Commission’s Joint Research Centre report shows EU Member States are progressing unevenly on energy‑storage implementation. Only Spain, Greece, Hungary and Latvia have set quantified 2030 storage targets, and just four countries have formal national storage strategies. While Europe’s...
Germany’s Federal Network Agency announced a record‑breaking 2025 renewable tender round, with 14,430 MW of on‑shore wind capacity tendered and 14,445 MW awarded, and ground‑mounted solar reaching 7,220 MW. The wind tenders were oversubscribed by more than 9,300 MW, while rooftop PV awards hit...
The Irish government, via Minister James Lawless, has allocated €2.6 million in phased funding to five research consortia tackling renewable gas production, energy‑system integration, and AI‑enabled gas‑network diagnostics. The Research Ireland‑Gas Networks Ireland Innovation Challenge pairs universities with industry experts to...
Renewable Energy Partners (REP) has cancelled its 900 MW Proserpine wind project in Queensland’s Whitsunday region, which would have featured 166 turbines and a 100 MW, four‑hour battery. The development had reached the penultimate stage of federal EPBC assessment but was stalled...
The New South Wales EPA has ordered Centennial Coal to pay $815,000 after the company discharged untreated, metal‑laden water into the Wollangambe River near the Blue Mountains World Heritage Area. The penalty includes a $543,500 court fine, $185,000 in investigation costs...
European battery‑storage projects are moving beyond headline megawatt figures toward proven operational performance. Lenders and investors now demand transparent, audited revenue data from live assets rather than relying on contracted capacity alone. Optimisation platforms, such as Enspired’s, are becoming the...
Fortescue Metals Group is moving its low‑temperature, hydrogen‑free electrochemical iron process from the laboratory to a pilot plant in the Pilbara. The technology reduces iron ore directly in an alkaline slurry using electricity, allowing continuous production of metallic iron from...
The RENIXX renewable‑energy index stayed above the 1,200‑point psychological level last week, posting a 10.2% gain year‑to‑date. Weekly leaders were solar‑focused firms such as First Solar (+10.1%) and Solaredge (+7.2%), while Meridian Energy and others fell. Solaredge reported a 71%...
UNITED STATES exported an average of 14.8 billion cubic feet per day (bcf/d) by tanker and other 9.4 bcf/d by pipeline during the first eleven months of 2025. Total exports exceeded the combined consumption by households (12.0 bcf/d) and offices,...
Victoria’s Labor government’s 100 Neighbourhood Batteries Program has now installed 139 battery units, delivering 23 MWh of storage across 60 local government areas. The latest installation at Truganina Community Centre will save roughly $20,000 annually for the facility. The rollout supports...
Waaree Clean Energy Solutions and Zero Footprint Industries have signed an electrolyser‑as‑a‑service agreement for a 2.5 MW alkaline unit in Uttar Pradesh, with Waaree handling design, installation, ownership and operation for 15 years. The system, built at Waaree’s Gujarat plant, will generate...
Russian cyber actors targeting Ukraine’s energy grid have shifted from causing immediate outages to gathering intelligence that guides missile strikes. By mapping facilities, tracking repair crews, and monitoring recovery rates, they provide real‑time data that improves strike accuracy. The number...
The GSMA has launched a global Innovation Fund offering £100,000‑£200,000 grants to small and growing enterprises that use mobile and digital technologies to accelerate the green transition in low‑ and middle‑income countries. The fund targets solutions that expand clean‑energy access,...
South Korean firm Vinssen and Dutch engineering company MANA have signed an MOU to develop a hydrogen fuel‑cell retrofit for an 800 TEU feeder vessel operating in the Baltic and Northern Europe. The partnership will first conduct a technical feasibility study...
Donut Lab has engaged Finland’s VTT Technical Research Centre to independently measure the performance and key characteristics of its solid‑state battery prototype. VTT will conduct the tests, document procedures, and publish full reports alongside detailed video walkthroughs. The results are...
MSEDCL announced a new rule that caps rooftop solar installations in Nashik based on a household's annual electricity consumption rather than its sanctioned load. The change threatens to limit consumers' ability to fully utilize the PM Suryaghar subsidy and could...
Punjab State Power Corporation Limited (PSPCL) disconnected 1,014 electricity connections after consumers amassed unpaid dues of ₹3.7 crore. The disconnections were executed across five divisions—Kharar, Kurali, Samrala, Ropar and Anandpur Sahib—as part of a zero‑tolerance recovery drive. During the campaign, 315...
SeaBird Exploration, a subsidiary of SED Energy Holdings, announced a three‑month extension of its contract for the Fulmar Explorer seismic survey vessel. The extension covers ocean‑bottom‑node source work in the Western Hemisphere and pushes the vessel’s commitment through mid‑June 2026. Commercial...
Patel Engineering has been declared the lowest bidder for Package 1 of the Renukaji Dam project in Himachal Pradesh, securing a contract worth ₹910.08 crore. The scope covers construction of three 9.5‑metre diversion tunnels, three inlet/outlet portals, six kilometres of access roads,...
Solar installations are scaling up, prompting steel to shift from a simple commodity to a strategic engineering component. Project developers now demand steel that meets strict quality, traceability, and performance standards over 25‑year service lives. Integrated production models—combining high‑volume manufacturing,...
Morocco’s electricity regulator ANRE announced net‑metering tariffs for high, medium and extra‑high voltage solar plants effective 1 March 2026‑28 February 2027. Plant owners will receive MAD 0.21/kWh during peak hours and MAD 0.18/kWh off‑peak, with the low‑voltage residential rate to be set later. The regime permits...
Romanian state‑owned gas producer Romgaz says it has sufficient funding lines to cover its €2 billion share of the Neptun Deep offshore gas project in 2026. The €4 billion development, partnered with OMV Petrom, is one of the EU’s largest natural‑gas deposits. Romgaz’s...
EnQuest announced a revised 2026 production outlook after a severe North Sea storm damaged the third‑party Ninian Central platform, forcing a five‑week shutdown of its Magnus field. Production at Magnus resumed early on February 22, but the outage prompted the company...
