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
ScottishPower announced a $77 million-plus fabrication programme for the steel jacket foundations of its East Anglia TWO offshore wind substation, to be built at Smulders' River Tyne yard. The $5.1 billion, 4‑GW project off Suffolk will generate enough electricity for roughly one million homes when it starts operating in 2028. The launch coincided with the Crown Estate’s Offshore Wind Leasing Round 6, which could add another 6 GW of capacity off northeast England. Energy Minister Michael Shanks joined the ceremony, underscoring government support for the sector.
The recent closure of the Strait of Hormuz prompted a limited easing of sanctions on Russian crude, sparking a sharp surge in Urals oil prices. At the same time, Russia’s oil export capacity is being hampered by a series of...
Germany’s Federal Network Agency announced it will publish the first framework for future electricity network fees in late May or early June 2026. The guidance will outline how fees apply to battery energy storage systems (BESS) and interact with flexible...
Johns Hopkins University’s Office of Climate and Sustainability unveiled its 2025 Sustainability Progress Report, showcasing a suite of research breakthroughs and operational gains. Faculty teams led by Susanna Thon and Sara Thoi are pioneering photobatteries and spray‑paintable quantum‑dot solar cells...
France’s Association Environnement Juste has urged the government to mandate on‑site energy storage for any renewable project larger than 10 kW, aiming to embed flexibility directly at the source. The proposal highlights sodium‑ion batteries as a cost‑effective, metal‑independent solution, with cell...
As the Middle East conflict drags on, Iran is selectively allowing ships from energy‑import‑dependent Asian nations to transit the Strait of Hormuz, often under a toll‑booth system. Countries such as Malaysia, India, China and Thailand have secured toll‑free or paid...
Solbian has introduced the SunBoard solar kit for boat davits, offering 80 W and 108 W rigid‑frame modules built with high‑efficiency SunPower Maxeon cells. The panels mount to unused davit surfaces using rope‑secured eyelets and can tilt from 0° to 90° for...
Source Galileo has sold its Norwegian subsidiary, Source Galileo Norge AS, to Unitech Energy Group, which will rename the entity Nordrenergi AS and relocate its operations to Haugesund. The transaction combines Nordrenergi’s renewable assets—including battery storage, high‑voltage technology, the Zephyros...
Char.gy has secured a contract with the Isle of Wight Council to install more than 1,500 public electric‑vehicle chargepoints across the island. The rollout is funded by £1.625 million of public money—about $2.05 million—and private investment, with no direct cost to the...
Oil prices slipped after President Trump reiterated his willingness to end the Iran conflict without tying it to the reopening of the Strait of Hormuz. Iranian officials responded with cautious optimism, saying they are ready to end hostilities but demand...
The Wall Street Journal’s What’s News covers the United Arab Emirates’ shift toward becoming a combatant in the Iran‑U.S. conflict, as it prepares to help force‑open the Strait of Hormuz by clearing mines and supporting a U.N. resolution authorizing military action. Middle‑East...
EnerVenue announced a $300 million Series B+ financing round and the appointment of Henning Rath as CEO. The capital will fund large‑scale manufacturing of its lithium‑free nickel‑hydrogen batteries and the launch of a regional headquarters in Hong Kong, positioning the company...
Scientists at Drexel University have unveiled a scalable method to roll two‑dimensional MXene sheets into one‑dimensional nanoscrolls, delivering up to ten‑fold conductivity gains for batteries, sensors and wearable devices. The breakthrough, detailed in Advanced Materials, could reshape energy storage and...
Ukrainian energy firm DTEK secured a grant from Norway’s development agency to advance its 650 MW Poltavska wind power plant. The NOK 5.5 million (≈ $605 k) grant will fund geological and engineering surveys and design work, part of a broader €8 million (≈ $8.7 million) Norwegian...
Georgia Power has begun construction of a 260 MW battery energy storage system (BESS) in Jefferson County, Georgia, adjacent to an existing solar site and near key transmission lines. Approved by the Georgia Public Service Commission and built by Burns & McDonnell,...
South Africa’s CSIR, Eskom, SANEDI and Coaltech have launched Phase 1 of a High‑Efficiency Low‑Emission (HELE) circulating fluidised bed (CFB) localisation programme, aligning with the Integrated Resource Plan 2025. The initiative will assess feasibility, design engineering and regulatory pathways for a pilot‑scale...
Green Cubes Technology celebrated its 40th anniversary, underscoring two decades of lithium‑ion power system leadership. The company highlighted its latest SAFEFlex battery platform and the MAESTRO IoT asset‑management solution, which now monitors over 38,000 batteries worldwide. With more than 90,000...
The Energy for Growth Hub, in partnership with Stanford’s LabradorLabX, unveiled K‑9 Kinetic Power™ (K9KP), a consumer device that harvests a dog’s tail wagging to generate electricity. Using a carbon‑fiber micro‑generator and a smart docking pad, each active dog can...
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UAE Energy Minister Suhail al‑Mazrouei warned that Iran’s actions in the Strait of Hormuz could hold global trade hostage, urging a unified international response. He highlighted the potential economic fallout if safe passage is not guaranteed and stressed the UAE’s...
Munich Airport and MAN Truck & Bus are rolling out electric apron buses, with 37 already in service and a plan for up to 74 vehicles. The fleet replacement targets diesel shuttles, supporting the airport’s goal to achieve net‑zero Scope 1 and...
Harmony Energy has broken ground on the 100 MW/200 MWh Foriaux battery energy storage system in Eure, Normandy, marking its third 100 MW BESS to enter construction in France. The project benefits from currently high ancillary‑service prices, though the market is expected to...
Australia’s prime minister just used a rare national address to urge the nation to use less fuel 🇦🇺 ⚠️ “Over coming weeks, if you can switch to catching the train or bus or tram to work, do so… The months...
UL 9540A’s latest edition redefines battery‑energy‑storage‑system (BESS) safety by mandating system‑level testing rather than isolated component tests. The revision adds performance thresholds for thermal runaway, fire propagation, and integrated control logic, and it rolls out a phased compliance schedule beginning Q3 2024....
Wood Mackenzie argues that the Middle‑East crisis, including Iran, should force the UK to reconsider its ban on new North Sea exploration licences. The firm warns that the UK will depend on US LNG for over 60 % of its gas...
Sassmann, a German specialist, has launched a modular solar‑panel grid that mechanically blocks pigeons from nesting under photovoltaic modules. The system uses clamp‑clips to attach without drilling or gluing, preserving manufacturers' warranties. It can be retrofitted to existing residential and...
Aaron Szabo, a former oil‑and‑gas lobbyist who helped draft a 2022 industry comment opposing methane limits, is now the EPA assistant administrator overseeing air and radiation rules. In his current role, Szabo has been soliciting language and input from the...
Abu Dhabi’s Department of Energy has launched the second phase of its solar self‑supply policy, extending the scheme to villa owners and eligible residential buildings. The new rules let households install rooftop photovoltaic systems with optional battery storage, while streamlining...
Eco Wave Power has completed its on‑shore wave‑energy pilot at the Port of Los Angeles, developed with Shell. A prior feasibility study identified 77 U.S. coastal sites with suitable wave conditions. The pilot met all technical and operational milestones, and the final...
Kawasaki Kisen Kaisha (K Line) has begun long‑term use of carbon‑neutral bio‑LNG on its LNG‑powered car carriers after signing a procurement deal for liquefied bio‑methane. The fuel, derived from organic waste, is ISCC‑EU certified and can be burned in existing...
French President Emmanuel Macron is on a diplomatic tour of Japan and South Korea to persuade Asian battery makers to set up production in France. The effort already yielded a $1.75 billion subsidy for Taiwanese solid‑state battery leader ProLogium, which broke...
SolarEdge released a March 2026 white paper proposing a five‑stage roadmap to replace legacy AC power with integrated 800 V DC infrastructure in data centers. The paper argues that current AC‑to‑DC conversion chains waste 10%‑30% of input power, limiting AI workload...
The abrdn Future Minerals Fund focuses on companies involved in critical minerals such as copper, aluminium, rare earths and uranium, which are essential for AI, electrification and renewable energy infrastructure. Rising demand and constrained supply are expected to keep prices...
Oil prices have surged since Iran’s conflict closed the Strait of Hormuz, but analysts warn the rally may be just the beginning. Strategic petroleum reserves and inventory drawdowns have temporarily softened the shock, yet significant volumes of oil remain stranded...
The United States has granted Kazakhstan a waiver allowing it to keep transporting Russian crude oil to China until March 19, 2027. The decision follows a consultation with the U.S. Treasury and was announced by Kazakhstan’s energy ministry. The extension...
Ok, so here is the debate: Bull: higher oil price will raise inflation and reduce the LEVEL of disposable income/profits. But even if oil prices stay high, impact on GROWTH eventually wears off. Its a soft patch. And since we know...
Brent futures are beginning to reflect physical reality $118. 35 closing price was only $0.68 less than peak Ukraine in late March 2022 Much steeper backwardation now https://t.co/N03VvzUcs3
Advantage Capital has closed a $158 million tax‑equity investment in the 250 MW Medday Grid Energy Battery Storage project in Massachusetts. The project, developed by Vitol’s VC Renewables, will be managed by the same team and leverages federal Investment Tax Credits. Designed...
PHOTO OF THE DAY: Very rare sighthing — three large oil tankers loading simultanouesly at the Al Muajjiz terminal (Yanbu south) in the Red Sea coast of Saudi Arabia (one of the end points of the East-West pipeline). 🛰️📷@CopernicusEU Sentinel-2...
It’s a new day & I’m on @Bloomberg Surveillance this morning (6:30am) to discuss #oil #Iran latest devs. Military is building up but Trump wants to wind down operations in 2-3 weeks. Will Iran remain the Persian Gulf toll collector @ACGlobalEnergy...
Trillion Energy is seeking a buyer for its 49 % working interest in the South Akcakoca Sub‑Basin (SASB) gas field in the southwestern Black Sea, a project operated by Turkey’s state oil company TPAO. The company also secured a new agreement...
For non-Macro Tourist eyes only: LIVE Shot of the "end of the war" in TRENDING Energy Price terms https://t.co/BnmybmKwlL
OIL: just wait until you see where the TRR (top-end of the Risk Range™ Signal) just went https://t.co/2qvUoG2qpD
Next‑generation geothermal is emerging as a cornerstone of the United States’ clean‑energy strategy, with enhanced systems that combine deep drilling and hydraulic fracturing attracting billions in investment. A flagship 500‑megawatt plant in Utah is set to begin commercial output this...
China is moving to stabilize Hormuz without the U.S.—using Pakistan as a diplomatic bridge. Power shifts to whoever restores the flows. https://t.co/3LW8TIyS65 #OilMarkets #Geopolitics #China
After a 7-year hiatus, India is about to import its first Iranian oil. At ~$100 a barrel. Quite the achievement in Washington for the long-term strenght of the economic and financial sanctions regime.
Fuel‑cost sharing proposes that Duke Energy’s investors absorb a portion of volatile fuel expenses, lowering bills for North Carolina ratepayers. A Rocky Mountain Institute model shows a 10% cost‑sharing rule could have saved customers about $100 million between 2021‑2023 while giving...
As an expert predictor of geopolitics, here’s my prediction: Hormuz is broke. Expect a 5-10m daily barrel capacity pipeline between Saudi Arabia and Mediterranean, via Israel (Ashdod port) in 5 years time.
In non-Iran news, BP new boss Meg O'Neill started today on her job. She's the fourth CEO in six years running the British oil major. O'Neill will face shareholders first at the company's AGM, secheduled for April 23, and potentially again...
India's top coal producer said output fell in March, but that it still has enough stockpiles to meet higher demand 🇮🇳⚠️ Coal consumption in India is now on an upward trajectory on expectations of a hot summer and gas shortages due...
If usa friendly regime takes control of strait of Hormuz it will be very bullish., https://t.co/bpWTMUPjFa
