Know What's Happening in Energy
Know What's Happening in Energy
Flex to acquire Electrical Power Products for $1.1 billion
Flex Ltd. announced a definitive agreement to buy Electrical Power Products for about $1.1B in cash. The acquisition adds roughly $323M of annual revenue and delivers a mid‑to‑high‑teens EBITDA margin. Flex expects the transaction to be accretive to adjusted earnings per share in the first full fiscal year after closing.
Energy storage specialist Emtel Energy USA has rebranded as Syntropic Power and introduced three stationary‑storage product lines—GridSurge, GridSpan and Tenet. The systems employ sodium‑ion batteries that have passed UL 9540A fire‑safety testing and are undergoing third‑party validation at Rochester Institute of Technology. Syntropic is building U.S. manufacturing capacity to avoid FEOC restrictions and to qualify for Section 45/48 incentives, targeting up to 2 GWh of projects for 2026. Pilot deployments are slated for mid‑2026, followed by commercial roll‑out.
Truth from @ClydeCommods 👇 The Iran risk premium assumes a deal or a contained strike that leaves flows intact What if Iran stops playing by the “keep oil flowing” rule & targets infrastructure to force political outcomes? That tail risk is higher than...
No matter how sunny a region it is deployed in, solar is not a reliable source of power. Even in sun-drenched Arizona, a series of three low-pressure systems wiped out most of the state's solar energy for 6 days in January...
Brazos Midstream commissioned its largest cryogenic plant, Sundance II, adding 300 MMcfd of processing capacity in the Midland Basin and joining the 200 MMcfd Sundance I that began operations in 2024. The company also broke ground on Cassidy I, another 300 MMcfd cryogenic facility in Glasscock...
Venezuela’s oil “revival” is being wildly oversold. It’s a salvage operation. Rusted pipes, polluted lakes, broken upgraders, and legal risk everywhere. You can’t fix 20 years of decay with a few rigs & a pep talk. https://t.co/tmf2KANGJr #OilMarkets #Venezuela #EnergyReality #Sanctions #crudeoil
Sweden’s wind sector recorded zero turbine orders in Q4 2025, marking the lowest investment pace in modern times. Green Power Sweden warns that the slowdown threatens the country’s self‑sufficiency, energy security, and ability to meet climate targets. The association attributes the...
Centrica reported a 41% plunge in 2025 earnings per share to GBX 11, matching FactSet consensus. After completing a £2 billion share‑buyback programme, the company announced a pause to the scheme. Soft 2026 guidance, driven by weaker gas and power trading, pushed...
Chinese battery maker EVE Energy commissioned the world’s first storage system built around its new 628 Ah ultra‑large lithium‑iron‑phosphate cells. The 200 MW, 400 MWh facility, comprising 80 five‑megawatt DC modules, demonstrates the technology at grid scale and marks a shift from research...
Orsted’s Hornsea 3 chief announced the collapse of a major monopile contract, forcing the 2.9 GW offshore wind project to pause its foundation procurement. The decision highlights the difficulty of securing large‑scale steel structures for the UK’s expanding offshore wind fleet....
President Trump’s energy dominance agenda has boosted US fossil fuel output, with oil production reaching record levels and LNG exports rising over 20 percent. The administration has kept five coal‑fired plants operating through regulatory rollbacks and secured Pentagon contracts, while...
Open Energy Transition (OET) advocates replacing black‑box energy‑system models with open, transparent tools such as PyPSA‑Eur. A recent German study, conducted with Form Energy, used granular multi‑year climate data to assess multi‑day storage (MDS) needs for a near‑100 % clean grid...
The Trump administration has issued new licenses permitting several Western oil companies to operate in Venezuela, potentially boosting the country's output by 30‑40 percent—roughly 300,000 to 400,000 barrels per day—this year. Energy Secretary Chris Wright said the increase would represent...
The Trump administration announced a U.S.–Saudi nuclear cooperation framework in November 2025, but a newly obtained report to Congress reveals the draft 123 agreement omits key non‑proliferation safeguards. The proposal would permit Saudi Arabia to pursue a limited uranium enrichment...
China State Shipbuilding Corporation (CSSC) subsidiary Sunrui Environment and Sunrui Composites have launched a 5‑metre‑diameter, 35‑metre‑tall rotor sail at Dalian, touted as the world’s largest. The sail uses the Magnus effect to convert wind into thrust, offering lightweight, high‑efficiency propulsion...
Equinor has scrapped its Dutch H2M Eemshaven CCS‑hydrogen project, citing policy uncertainty and insufficient funding, while the Belgian H2BE plant remains on schedule. Both plants were designed to produce 210,000 t/yr of low‑carbon hydrogen using autothermal reforming and each received roughly €160 million...
The U.S. Energy Information Administration trimmed its gasoline price outlook, now projecting an average of $2.91 per gallon in 2026 and $2.93 in 2027, down slightly from the January forecast of $2.92 and $2.95. The agency’s short‑term energy outlook still...
Listen up! Incredibly fun conversation with my friend @baglino of @heronpower on power electronics, from a history lesson to a tour of all the things we'll soon be able to delete in solar, BESS and data center power equipment https://t.co/Zm2MVanCS0
A great pleasure to meet with Thai Permanent Secretary Prasert Sinsukpraset at the #IEAMinisterial We signed a new joint work programme to further strengthen IEA-🇹🇭 cooperation across key areas, including power systems, energy technologies, energy efficiency & more. https://t.co/g4zRIVstEo
President Donald Trump warned Iran it has roughly ten days to reach a "meaningful" nuclear agreement, hinting that "bad things" could follow. He said negotiations were progressing but insisted Tehran must abandon enrichment and missile programs. The warning coincides with...
$PWR: more evidence of the DC+Grid+Power theme - EPS beat/raise with Year-End Remaining Performance Obligations of $23.76B and Total Backlog of $43.98B. Year-End Electric Infrastructure Solutions Segment RPO and Total Backlog Reach All-Time Highs.
This is what happens when you weaponize tariffs and international alliances: people will assume you would also weaponize energy exports.
Russia warned of an unprecedented escalation around Iran as the United States completes a military buildup slated for mid‑March. A Russian corvette joined Iranian naval drills in the Gulf of Oman, underscoring Moscow’s support amid heightened US‑Iran tensions. Negotiations over...
Shell has launched a multi‑well offshore drilling campaign off Egypt using Stena Drilling’s sixth‑generation IceMax drillship. The first wells, Mina West development followed by Sirius and Velox exploration, are located in the Northeast El Amriya concession where Shell holds a...
Martin Midstream Partners reported a $14.7 million net loss for 2025, widening from a $5.2 million loss in 2024. The loss was driven primarily by $57.8 million in interest expense and higher SG&A costs, while adjusted EBITDA fell to $99 million for the year....
Viridi installed a 150‑kWh battery energy storage system at Erie County Sewer District No. 2 in Hamburg, New York, replacing a diesel backup generator. The BESS provides 32‑90 hours of power depending on pump demand, eliminating fuel use and cutting emissions. Real‑time...
👀IEA head Fatih Birol, in press conference after ministerial meeting, does not commit to keeping the "net zero" scenario in the next flagship World Energy Outlook. Notes the last WEO just came out a few months ago, haven't considered the...
Nigerian President Bola Tinubu and German Chancellor Friedrich Merz discussed reviving a stalled electricity transmission project with Siemens and the purchase of used German helicopters, highlighting deeper security and power cooperation. France’s audit office warned that the country must shift...
Neste and World Fuel Services have signed a five‑year extension to broaden the supply of Neste‑produced sustainable aviation fuel (SAF) across more than 100 airports in the UK and Europe. The agreement aligns World Fuel’s extensive distribution network with Neste’s...
GameChange Solar introduced GeniusShip, a logistics platform that tags every delivery with a unique QR code, delivering component‑level data to site teams. The system provides real‑time calculations of installation zones, automatically adjusting to on‑site constraints. By improving material visibility and...
Moonwatt, a Netherlands‑based startup, announced its first distributed sodium‑ion battery energy storage system (BESS) at Cleantech Park Arnhem, backed by a €1.15 million grant. The company’s modular, string‑based architecture mirrors the disruptive impact of solar string inverters, promising scalable double‑digit to...
1. Something unusual happened to a key indicator of operational efficiency in the U.S. ethanol industry in 2025. See my latest FDD for all the details: https://t.co/ehKyQvEQGp
U.S. solar‑cell maker Talon PV has signed a long‑term supply agreement with German wafer producer NexWafe. The deal provides approximately 7 GW of NexWafe’s EpiNex silicon wafers through 2032 to fuel Talon’s planned 4.8‑GW TOPCon manufacturing facility in Baytown, Texas. The...
Researchers at EPFL’s Laboratory of Nanoscience for Energy Technology have unveiled a silicon‑nanopillar device that generates continuous electricity from evaporating saltwater. By deliberately coupling heat and sunlight, the system drives ion migration and electron excitation, producing a stable 1 V output...
Burgenland inaugurated Austria’s largest wind farm in Neusiedl/Weiden, installing 23 turbines that deliver 122 MW of capacity. The site will produce roughly 251 GWh of electricity each year—enough for about 70,000 households—and lock in a 10‑cent‑per‑kWh price for two decades. The project...
ProEnergy Supply (PES) has launched an AI‑driven transactional gateway that integrates directly with OpenSolar’s new Shop platform, allowing solar designers to purchase equipment in real time. The solution connects live inventory to distributors’ ERP systems, reaching over 28,000 active solar...
A new UCL Shipping and Oceans Research Group report evaluates three IMO Net Zero Framework (NZF) scenarios and finds that only the framework "as‑is" delivers a credible, stable demand signal for scalable zero‑emission fuels. The analysis warns that removing the...
Excellent exchange with Korea's Vice-Minister of Climate, Energy & Environment Hohyeon Lee at the #IEAMinisterial We had a wide-ranging discussion on 🇰🇷's energy priorities, including energy & AI, energy security, technology supply chains, upgrading the power grid & nuclear https://t.co/1GKQdBGKMH
Gaztransport & Technigaz (GTT) secured tank‑design contracts for six new LNG carriers, four for Shandong Marine Energy via Jiangnan shipyard and two for Samsung Heavy Industries. Each vessel will carry roughly 174‑175,000 cubic metres of LNG using GTT’s Mark III Flex membrane...
Russia performed its first triple LNG ship‑to‑ship (STS) transfer in Arctic waters, linking two Arctic LNG 2 cargos and one Yamal LNG cargo to conventional tankers. The operation took place in the Murmansk region, using the Saam floating storage unit for two...
Four U.S. tech giants—Meta, Amazon, Google and Microsoft—accounted for 49% of global clean‑power purchase agreements (PPAs) in 2025, the year total PPA activity fell for the first time since 2016. Together they secured 20.4 GW, enough to power Denmark, and are...
Germany’s passenger‑vehicle manufacturing sector is set to see a drop in electricity consumption as overall car output declines, VDA chief economist Manuel Kallweit warned. Power use fell to 12.86 TWh in 2024, about 2.8% of national electricity, and is projected to...
The episode revisits the author’s earlier research reports from October and December 2025 on a leading natural‑gas utility, reaffirming its investment thesis built on ultra‑low leverage, a management team focused on debt reduction, high‑quality assets, and accelerating free cash flow....
Mubadala and Kimmeridge’s joint venture Caturus will buy SM Energy’s Galvan Ranch for $950 million, adding 250 MMcfed production from 260 wells. Post‑deal, pro‑forma net output rises to about 950 MMcfed. The acquisition gives Caturus over 275,000 net acres across the Gulf Coast...
Borr Drilling now has 25 of its 29 jack‑up rigs either under bareboat charter or with confirmed jobs, covering regions from Southeast Asia to the Americas. The firm’s day‑rate equivalent backlog grew to $1.2 billion, reflecting more than 1,150 contracted days....
#Mission300 is strengthening grids across #Africa. For example, a 225 kV transmission ring now links Guinea to Senegal, The Gambia and Guinea-Bissau. This transmission ring is a vital component of the West African Power Pool, which spans 14 countries. https://t.co/kWAgiIv7Oa https://t.co/T8tpU9C76L
EU GAS STORAGE facilities are now less than one-third full, with more than a month of the winter heating season probably still ahead. Storage facilities were on average 32.5% full on February 17, the second lowest seasonal fill in records...
Ukraine’s government is positioning battery energy storage systems (BESS) as a strategic asset to keep the power grid alive amid Russian attacks and to enable future integration with the European grid. Lawmakers have introduced tax breaks, licensing exemptions and accelerated...
Nordlicht I’s first monopiles and transition pieces were finished ahead of schedule by EEW and CS Wind, marking a key milestone before offshore construction begins later this year. The 68 steel structures, up to 80.5 metres long and 1,290 tonnes heavy, position the project...
British Gas, owned by Centrica, saw operating profits in its residential supply business drop 39% to £163 million in 2025, partly due to an £80 million hit from the UK’s warmest year on record, which reduced heating demand. Despite the profit slump,...
One of the best deep dives I’ve seen recently is on the “boring” propane industry, by Emeth Value Capital. Covers regulation, supply & demand, and detailed public company breakdowns. Also part of the $SPB.TO pitch. If you like learning new industries, this...
