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
Homerun Resources Inc., led by CEO Brian Leeners, is positioning high‑grade silica as a strategic material for both energy and technology supply chains. The company focuses on Brazil’s abundant silica deposits, leveraging vertical integration to capture value from raw extraction through advanced processing. A partnership with UC Davis aims to develop electrified, low‑carbon processing methods, while the firm has secured roughly $9 million in operating capital and is pursuing a bankable feasibility study for a solar‑glass project. Financing will be structured at the project level to minimize dilution.
GeoPura and Forth Ports have signed a 10‑year agreement to build a commercial‑scale green hydrogen plant at the Port of Tilbury. The initial 1 MW electrolyser, powered by rooftop solar, will start construction this year, backed by a £2 million ($2.5 million) seed...
Renewable power reached 49.4% of global electricity capacity in 2025, driven by a record 511 GW solar expansion that lifted total capacity to 5,149 GW. The surge insulated many markets from Middle‑East oil shocks and brings the sector close to the COP28...
A new analysis by Lawrence Berkeley National Laboratory and The Brattle Group finds that investor‑owned utilities requested $18 billion in rate increases last year, with roughly two‑thirds approved, signaling further retail electricity price hikes. From 2019 to 2025, residential electricity rates...
The International Energy Agency warned that oil supply disruptions from the Middle East will intensify in April as the Strait of Hormuz remains closed, cutting off more than 12 million barrels per day. The loss is projected to be twice March’s...
Emerald AI announced a $25 million strategic expansion round led by Energy Impact Partners, aimed at scaling its Conductor platform that lets AI‑heavy data centers align power draw with grid capacity. The round brings together a roster of energy‑tech and AI...
Subsea7 has been awarded a substantial subsea installation contract by Noble Energy, a Chevron affiliate, for the Aseng gas monetisation project offshore Equatorial Guinea. The contract, valued between $150 million and $300 million, covers a single‑well tie‑back that will connect the Aseng...
New OECD research finds that while most advanced economies have legally liberalised electricity and natural‑gas markets, significant regulatory gaps still hinder true competition. About 10 % of electricity and 16 % of gas markets retain only accounting separation, limiting access for rival...
EnerVenue closed a $300 million Series B extension led by Full Vision Capital, adding a new investor to the round. The funding will finance rapid expansion of its high‑volume nickel‑hydrogen battery plant in Changzhou, China, and accelerate supply‑chain development. The company also...
The escalating war with Iran is destabilizing Middle‑East oil supplies, prompting global buyers to seek alternatives. African basins—particularly offshore Namibia, Ghana, and Nigeria—are attracting heightened investor attention thanks to favorable geology and lower‑cost drilling technologies. New seismic imaging and digital‑oilfield...
India’s major oil refiners, long buoyed by cheap Russian crude, are now grappling with tighter supply and falling margins as the Gulf war disrupts the Strait of Hormuz. The closure of this key shipping lane has choked the flow of...
One month in to the war, some people are ready to call it. This energy shock will accelerate the world to a cleaner, more electrified future. “Electrification will be seen as the shock absorber.” https://www.nytimes.com/2026/04/01/opinion/oil-crisis-iran-electric-solar.html
President Donald Trump told the nation the U.S. could wrap up its Iran offensive within two to three weeks and urged oil‑dependent allies to assume responsibility for keeping the Strait of Hormuz open. He expressed frustration that partners were not...
China's Cosmx, the world’s second‑largest smartphone battery‑pack supplier, has formed a joint venture with Chennai‑based Munoth Industries to source lithium‑ion cells in India. Cosmx will acquire a 26% stake in Munoth’s newly approved cell‑manufacturing facility and begin sourcing cells for...
“But net zero ignores the mining required for batteries and metals for renewables” Let me introduce you to a Life Cycle Analysis.
Quebec has broken ground on the Des Neiges wind farm, a C$3 bn ($2.1 bn) joint venture between Hydro‑Québec, Boralex and Énergir Développement. The first two phases will install 114 turbines, delivering 800 MW—enough for roughly 140,000 homes—and are slated for completion in 2027...
India’s Numaligarh Refinery logged a record 3.113 million metric tonnes of crude processed in FY26, operating at 103% of its 3 MMTPA rated capacity for the second year running. The refinery’s LPG output jumped 22% in March, while motor‑spirit production also hit...
PECO Energy, an Exelon subsidiary, has filed a request with the Pennsylvania Public Utilities Commission for a $429 million rate increase that would lift its revenue by roughly 11%. The utility proposes to spread the cost of vegetation‑management and energy‑efficiency programs,...
The study introduces a plasma‑assisted hydrothermal (PAHT) method that produces alkali‑metal and water co‑intercalated V₂O₅ cathodes in just 70 minutes. The resulting K‑WiVO material delivers a record 527 mAh g⁻¹ at 0.1 A g⁻¹ and maintains 94.5% of its capacity after 4,000 high‑rate cycles. Dual‑phase...
The New York Power Authority (NYPA) will finance the 5‑MW Hannacroix Solar project in Greene County, aiming to fast‑track its development before federal solar tax credits expire. The project will feed into NYPA’s REACH program, delivering bill credits to low‑income...
Researchers engineered a Pt‑Ni alloy interfaced with NiIn‑based oxides to create a low‑work‑function junction that promotes hydrogen spillover. The catalyst delivers exceptional hydrogen evolution activity with only 1.6 wt % platinum, achieving a 13 mV overpotential at 10 mA cm⁻² and stable operation for over...
The oil and gas sector is increasingly investing in petrochemical plants to produce far more plastic, with companies like ExxonMobil and Shell targeting a 40% rise in U.S. output. Production has surged from roughly 2 million metric tons in the 1950s...
The war in Iran has triggered a sharp rise in global natural‑gas prices, exposing the fragility of energy systems that depend on Middle‑Eastern supplies. Policymakers across Europe, Asia and the United States are now prioritising energy security over convenience, sparking...
The European Commission cleared Italy’s €6 billion ($6.96 billion) state‑aid scheme aimed at producing 200,000 metric tons of renewable hydrogen annually through 2029. The program uses two‑way contracts for difference, setting a strike price via competitive bidding to bridge the cost gap between green...
Antero Resources, a leading natural‑gas producer operating in the Marcellus and Utica shales, posted Q4 revenue up 21% to $1.41 billion, though earnings per share fell 26% to $0.43. Analysts anticipate a sharp earnings rebound, forecasting 48% growth in Q1 and...
Solar Fabrik unveiled the Mono S4 Halfcut Chroma Orange, a 400‑watt red‑brown glass‑glass PV module tailored for heritage roofs. The panel delivers 20.02% efficiency using bifacial n‑type TOPCon half‑cells and meets strict aesthetic standards by matching traditional red tiles (RAL 8004)....
Rain Industries Ltd.’s shares jumped 7.9% after its subsidiary, Rain Carbon Canada, completed a pilot to produce battery‑grade coated spherical purified graphite (CSPG) for EV batteries. The joint project with Green Graphite Technologies was partially funded by the Ontario government,...
Legitimate questions: 🚨An oil facility that cannot export anyway due to the ongoing crisis at the Strait of Hormuz. Given the limited number of missiles and drones available to Iran, why use one to strike such a facility? 🚨An oil tanker that...
Ember’s latest report warns that Europe faces a 104 GW grid‑capacity shortfall that could cripple utility‑scale solar and wind projects. More than two‑thirds of the 158 GW of renewables slated for 2030 may never connect, while nearly 700 GW of projects sit in...
Hormuz Closure, December Futures Signal Post-Inflation Deflation - The closure of the Strait of Hormuz might have already triggered a global recession, with lose-lose implications for most risk assets and commodities -- particularly crude oil. Rolling to front-month just before...
SolarPower Europe reports that EU solar generation has saved roughly $127.5 million each day since the Middle East conflict began. In March, cumulative savings reached about $4.36 billion, offsetting an estimated $2.2 billion in gas‑fuel costs. The analysis projects total 2026 benefits could...
Natural Gas $5, T-Bonds 5%: Inflation vs. Deflation - January (Jan27) US natural gas futures and the 30-year Treasury bond on the same scale highlights inflation vs. deflation implications of $5 per million BTU gas and 5% yields. Full report on...
Great new @ForeignAffairs essay by @ColumbiaUEnergy’s @ProfessorKaren about how post-war, the historic “oil for security” relationship is no longer tenable, & US needs to update its approach to Gulf states that are rapidly diversifying their economies https://t.co/Nmszm8a5bu
NTPC’s 2,000 MW Simhadri super‑thermal plant in Andhra Pradesh has achieved more than 100 percent ash utilization for the ninth consecutive year, underscoring its resource‑efficiency drive. In FY 2025‑26 the plant generated 11,136 million units of electricity with a 64.27 % plant load factor, while...
How China can survive without the Strait of Hormuz The world’s largest importer of oil through the Strait of Hormuz is, paradoxically, also one of the best placed to weather the waterway’s closure. https://t.co/YczOlt8T4v
The price of batteries have declined by 99% in the last three decades. The battery cells in a standard electric car today cost around $5,000. In 1991, those same cells would have cost nearly $600,000. https://t.co/uxbTqmfsLn
The 40th anniversary of the Chernobyl disaster highlights that the site remains an active decommissioning complex rather than a static memorial. Ukraine is transferring spent fuel to the world’s largest dry storage facility and preparing to dismantle the original sarcophagus...
🎙️ NEW PODCAST 🎧 On the latest episode of Oil Ground Up, I spoke with @gbrew24 about Trump killing the Carter Doctrine and how to think about the political contours of the Iran War on *all* sides of the conflict and...
Gas grid operator VNG has urged the German government to take action to make sure storage is refilled with price spreads uneconomical amid high prices driven by the Middle East war. https://t.co/wlBhZjRU8Z
Japanese solar‑cell maker Toyo reported FY 2025 revenue of $427.4 million, a 142% jump year‑on‑year, driven by a $241.6 million surge in cell sales and a modest $7.6 million lift in module revenue. The firm shipped 4.5 GW of cells and 249 MW of modules, surpassing...
The big drop you see in Brent crude prices overnight is primarily the prompt (ie front-month) contract roll from May to June May Brent crude contract expired at >$118 June currently [somehow??] trading at $101 So relieved to hear this will be entirely...
Spoke to @AJEnglish on Iran war & energy. Crises always drive up fossil fuel prices. That's not a bug but a feature of dependence. The only hedge against this kind of disruption is the clean energy transition. The economic case just got...
The power sector is grappling with multi‑year lead times for essential hardware such as large transformers, high‑voltage switchgear, and gas‑turbine components. Rotor forgings and hot‑section blades have emerged as the most acute bottlenecks, while rising demand from data‑center expansions intensifies...
Brent has fallen sharply as the US sounds increasingly like it just wants to declare "mission accomplished" and end this war. I do think the midterm elections later this year mean the US is on a very tight timeline and...
It was a pleasure meeting H.E. @AmbBirukUK, @ETEmbassyLDN Ambassador. We discussed #Ethiopia’s efforts to expanding #energyaccess and its leading role in sustainable development and #cleanenergy. I assured him of @SEforALLorg's support to achieve its energy targets. https://t.co/cFpft8ePjF
A February 2026 Eurelectric report warns that Europe’s electricity grid is already a hybrid‑war target, combining physical sabotage, cyber‑attacks and maritime threats, yet most utilities remain under‑prepared. The study cites over 1,000 attacks on Ukrainian energy assets, costly subsea cable cuts...
When the G7 price cap was being negotiated in 2022, one US bank had an oil forecast of $380. That was the oil sector talking. It hates interference in its business. It's the same now. $150 or $200 forecasts...
Ameren Illinois and Missouri are hardening their grid by installing fiber‑reinforced polymer (FRP) composite poles every fifth pole on high‑risk lines. The staggered mix of wood and TridentStrong FRP poles, now over 10,000 in service, has withstood more than a...
Inox Clean Energy has completed the acquisition of Vibrant Energy for an enterprise value of roughly ₹5,000 crore (about $600 million), adding a 1,337 MW renewable portfolio spanning five Indian states. The deal closed in a record four months despite a volatile global...
Jammu’s Chief Minister Omar Abdullah announced that a Union Territory subsidy of ₹3.80 crore (approximately $458,000) has been disbursed to 4,288 residential consumers under the PM Surya Ghar‑Muft Bijli Yojana. The payout includes ₹1.80 crore for 2,053 Kashmir Power Distribution Company customers and ₹2 crore for 2,235...
