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
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, and hydro‑mechanical gates with instrumentation. The work is located in Dadahu, Sirmaur district, and is slated for completion within 30 months. Managing Director Kavita Shirvaikar said the award marks a milestone and enhances the firm’s hydropower capabilities.
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...
Bentley Motors announced it will use 100 % sustainable aviation fuel (SAF) for every customer car air‑freight shipment worldwide, effective immediately. The move is part of the brand’s “Beyond100+” sustainability programme, which targets full carbon‑neutrality by 2030 and a shift to...
Pine Labs has secured multi‑year contracts with BPCL, HPCL and IOCL to deploy and manage digital‑payment infrastructure across India’s fuel retail network. The deals cover the rollout of roughly 130,000 payment acceptance devices and include ongoing maintenance and software upgrades....
Police in East Jaintia Hills seized twelve coal‑laden trucks, confiscating 17,322 metric tonnes of coal and 25.5 kg of explosives. The operation resulted in 22 arrests and 94 FIRs, intensifying a crackdown that follows a February 5 dynamite blast that killed...
Cleaver-Brooks has introduced the ClearAir air‑to‑water heat pump, targeting hydronic heating across residential, commercial and industrial sectors. The unit delivers up to 103 kW of thermal output and can heat water to 80 °C, eliminating the need for distribution upgrades. It features...
Cyan Renewables, LX International and Blue Water Shipping have signed an MOU to build a 200,000 sqm offshore‑wind marshalling port in Dangjin, South Korea. The facility will feature a 480‑metre quay, a 14‑metre deep‑water berth and a ground‑bearing capacity of 10‑30 t/m² to...
Exel Composites and Tratos have signed a four‑year frame agreement to supply carbon‑fiber composite conductor cores through 2029. Exel will produce the cores using continuous pultrusion, delivering consistent mechanical performance across its global network. The partnership enables Tratos to integrate...
FRV announced a portfolio of more than 1 GW/5 GWh of battery energy storage systems (BESS) in Spain, slated to reach ready‑to‑build status between 2026 and 2027. The pipeline includes hybrid solar‑plus‑storage projects and stand‑alone batteries across Extremadura, Andalusia, Catalonia and Cantabria....
Blackstone Infrastructure’s $11.5 billion acquisition of TXNM Energy has received FERC approval, clearing a major regulatory hurdle. The commission concluded the deal serves the public interest and will not harm rates, competition, or oversight, while noting existing ring‑fencing protections for Blackstone’s...
The Hagedorn Group completed a controlled blast on 22 February that demolished the 275‑metre chimney and flue‑gas‑treatment units of the former Ibbenbüren coal plant, clearing the site for Amprion’s BalWin2 offshore‑wind converter station. The operation used 600 kg of explosives across three...
Enel announced a €53 bn investment plan for 2026‑28, boosting its previous budget by roughly €10 bn and adding €15 bn of financial flexibility. The plan allocates about €20 bn to renewables, targeting 15 GW of new capacity, and more than €26 bn to grid upgrades,...
The UK government is preparing to incorporate oil refining into its Carbon Border Adjustment Mechanism (CBAM) to shield the remaining domestic refineries from escalating carbon costs. A call for evidence will feed into the Future of Fuels strategy, slated for...
Facades are evolving from passive skins to active energy generators, exemplified by EHRET’s SolarSlide photovoltaic shutters. These movable shading elements embed monocrystalline cells within double‑glazed modules, delivering 500 W‑peak per leaf with 20‑22% efficiency while offering eight color finishes. In a...
Britain’s Space Solar is preparing to beam electricity from orbit to the British Antarctic Survey’s Rothera Research Station, replacing diesel generators with space‑based solar power. The project will use satellites that convert sunlight into microwave beams received by a rectenna...
Syria's oil production is a zero-rounding error @NoamRaydan Current levels are roughly 100–120 kb/d. Max production before the Civil War was 400 kb/d. As you note, its heavy, sour crude must be exported to Greece or Italy b/c it has no complex...
Europe’s gas problem isn’t a lack of LNG — it’s a lack of buffer, writes @seb_kennedy With storage below 32%, even hypothetical risks like Hormuz move prices fast. #TTF #LNG #EnergySecurity #GasMarkets #Geopolitics
A consortium led by Seawind Asia, Stream Invest and Triconti ECC Renewables has secured the Philippines’ first offshore wind grid connection agreements. The deals cover three projects—450 MW Frontera Bay, 600 MW Guimaras Strait and 600 MW Guimaras Strait II—totaling 1.65 GW of potential capacity....
North‑west Tasmanian residents, organized as Tas Power Democracy, have lodged a last‑minute appeal with the Tasmanian Civil and Administrative Tribunal to overturn planning permits for the Heybridge converter and switching stations that form the on‑land segment of the $5 billion Marinus...
The Generator Statistical Digest 2025 (GSD2025) shows that new FCAS resources now dominate all ancillary service categories, with grid‑scale batteries providing the bulk of enabled capacity. Ancillary‑service units classified as "Electricity" also hold a sizable share, especially in raise regulation...
Advanced Energy Industries reported Q4 2025 revenue of $489 million, up 6% sequentially and 18% year‑over‑year, driven by record data‑center and strong semiconductor sales. Gross margin rose to 39.7%, the highest in five years, while operating margin reached 17.8% and EPS...
Enphase Energy reported Q4 2025 revenue of $343.3 million, with U.S. sales representing 89% of the total and a 13% sequential decline in U.S. revenue and a 29% drop in Europe. Gross margins fell to 46.1% non‑GAAP and 44.3% GAAP, largely...
Viper Energy Partners reported a strong rebound in Q4 2020, generating roughly $200 million in operating cash flow that translated almost entirely into free cash flow thanks to its zero‑capital‑requirement royalty model. The company declared a $0.14 per unit distribution, repurchased...
A UK‑led consortium, headed by Core Power, has submitted a proposal to the U.S. Pentagon to build a 300 MW ship‑borne nuclear power plant. The floating reactor would tap the Department of Defense’s existing regulatory framework for naval reactors, enabling rapid...
Good climate news this week 1 China: Country’s emissions have been flat or falling since March 2024 2 Brazil: Amazon deforestation on pace to be the lowest on record 3 Chile: Country’s electric system hits historical participation of 93.5% of solar and wind...
The Ontario Court of Appeal ruled that Ontario Energy Board staff letters can constitute binding legal determinations, not merely advisory opinions. The decision arose from a dispute over whether a new substation was an expansion or enhancement, prompting the parties...
The European Union has designated Azerbaijan as a cornerstone of its post‑Russia energy strategy, pledging to double gas imports to 20 bcm per year by 2027 through the Southern Gas Corridor. Azerbaijan’s gas exports to Europe surged 60% to 12.9 bcm in...
Geothermal could be 10% of US electricity production by 2040. To hit 10% in 15 years, you need to start with 400MW of new geothermal this year and scaling deployment to 2GW per year by 2030 and then by 10%...
In this episode of Andrew Revkin's "Sustain What" podcast, host Andrew Revkin discusses the EPA's controversial final rule rescinding the greenhouse‑gas endangerment finding, which underpins Clean Air Act regulation of emissions. He is joined by environmental attorney Sean Donohue, a...
ConocoPhillips is weighing a $2 billion sale of Permian basin assets located in the Delaware basin, assets it acquired through deals with Concho Resources and Shell. The move is part of a broader portfolio streamlining that followed its $17 billion Marathon Oil...
Researchers have developed a flexible triboelectric nanogenerator (TENG) using a sodium bismuth titanate (NBT) and chitosan composite film paired with PDMS. The lead‑free ferroelectric NBT particles enhance dielectric properties, delivering a peak voltage of 162.5 V, current of 4.1 µA and power...
Moisture‑electric nanogenerators (MEGs) harvest ambient humidity and convert it into electrical energy using specially designed hygroscopic materials. Recent research has introduced advanced moisture‑responsive composites that raise power output by an order of magnitude, bringing MEGs closer to practical deployment. The...
Researchers have engineered an aluminum‑based metal‑organic framework, NU‑62, that features methyl‑functionalized microporous nano‑traps for selective SF6 capture. The material exhibits a high SF6 uptake of 3.99 mmol g⁻¹ and an exceptional SF6/N2 selectivity of 209 at 298 K and 1 bar. Breakthrough experiments confirm...
AI‑driven workloads have accelerated U.S. electricity demand, with data centers responsible for roughly 60 % of last year’s load increase and a 150 % rise over five years. This non‑linear growth exposes a hidden vulnerability at the building level, where inefficiencies in...
This is the kind of intellectual dishonesty that @ExnerPirot and other oil shills are famous for. In 2015, the oil sands industry actively lobbied FOR an industrial carbon tax. We must be carbon-competitive, they said. My receipts? Dozens of interviews with industry insiders.
Silbat silicon batteries guarantee uninterrupted power supply for 14 days #energysky -- via pv magazine global: https://t.co/83tK1ZQ0hg
SP New Energy Corp (SPNEC) plans a re‑IPO by 2027 after merging its assets with Meralco’s renewable arm MGreen. The move follows the successful energisation of the MTerra Solar project, a 3,500‑MW solar farm paired with a 4,500‑MWh battery system....
French startup launches ‘universal’ home energy management system #energysky -- via pv magazine global: https://t.co/eot5SeQ3va
I said the shale business model could not last. Investors got that message on their own and fled in 2018 @AmbroserayRay Act out your inferiority complex elsewhere—not on my feed.
A new scramble for Africa's critical minerals—lithium, cobalt, graphite, platinum‑group metals and rare‑earth elements—is driven by global green‑energy supply chains. The article argues that regional blocs such as SADC, ECOWAS and EAC must coordinate policies to move from raw‑material exports...
The grid debate isn’t “clean energy vs gas.” No one cares. It’s about achieving system cost and reliability without 9% rate increases every year and hopefully avoiding natural gas price volatility. Let’s break down the arguments. 🧵
New global data confirms renewables are booming – and not just in the big economies #energysky -- via Renew Economy: https://t.co/foLOkmBUvK https://t.co/rHTgZPAEVu
Brazil targets 107 GW of solar by 2035 under energy plan #energysky -- via pv magazine global: https://t.co/S8ibTAB4Tl
Thank you to President @LulaOficial, Minister @asilveiramg & Minister Vieira for their request for 🇧🇷 to become an @IEA Member Very happy IEA Members unanimously decided at our Ministerial to start the process for 🇧🇷’s full membership in a major step for...
GOOD NEWS: The world’s largest steam-producing heat pump is now online in Finland, delivering 12 MW of superheated steam from waste heat and CO₂-free electricity. Proof that industrial heat can be electrified at scale. https://t.co/3UucWRcOJI https://t.co/IfhpiYqPOm
Denmark deploys 1.55 GW of solar in 2025 #energysky -- via pv magazine global: https://t.co/drL1CNEN2C
Delighted that @IEA Ministers unanimously agreed at our Ministerial Meeting for Colombia to become our 33rd Member country, in the presence of 🇨🇴 Minister Edwin Palma Egea @PalmaEdwin Thank you, Minister Palma, for your strong engagement with the IEA ➡️ https://t.co/HmgmHQiVGc...
