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
Excelerate Energy, a Texas‑based LNG infrastructure firm, held a naming ceremony for its newest floating storage regasification unit, the Excelerate Acadia, at Hyundai Heavy Industries’ shipyard in Ulsan, South Korea. The ceremony, led by board member and godmother Deborah Byers, marks the first Excelerate FSRU constructed at the Asian shipbuilder’s yard. The vessel, featuring modern efficiency and safety systems, is slated for deployment at Excelerate’s integrated LNG import terminal in Iraq. The event underscores the growing partnership between U.S. energy firms and South Korean shipyards amid rising demand for flexible LNG supply.
Oil prices slipped below $100 per barrel after President Trump signaled a possible end to the Iran conflict, prompting Brent and WTI to trade under the psychological $100 mark. U.S. crude inventories unexpectedly rose 10.3 million barrels, while the API data...
Oil prices plunged on Wednesday, with Brent June futures slipping 4.35% to $99.45 per barrel and U.S. WTI falling 3.99% to $97.34. The decline came despite signals that the U.S.-Iran conflict could be winding down, as investors reacted to lingering...
When a regulator tells you not to worry, read the footnote. The Energy Commission confirmed higher electricity tariffs are coming, and in the same breath, noted that more than 8 out of 10 household users will not be affected — for...
CHARTS OF THE DAY: What's the inflationary impact of the US-Iran war for Europe (and thus the ECB and BoE)? Sure, the price of oil and refined products has risen. But paralells between the curent shock and the 2022 energy...
Meridian Global Ventures is poised to acquire a controlling 49.23% stake in Indian battery‑storage startup Cygni Energy after a fresh Rs 60 crore (~$6.4 million) infusion. The capital raise, executed via 416,667 compulsorily convertible preference shares, lifts Cygni's post‑money valuation to roughly Rs 244 crore...
U.S. EPC firms McDermott and Chiyoda have completed construction and commissioning of Train 1 at the Golden Pass LNG export terminal in Sabine Pass, Texas, marking the project's first LNG production. The $10 billion joint venture, owned 70% by QatarEnergy and 30%...
Australia’s two biggest electricity grids now run on over 40% renewable power, marking a pivotal shift in the nation’s decarbonisation agenda. Yet the rapid "green rush" exposes supply‑chain vulnerabilities, with rare‑earth mining in Myanmar, Indonesian nickel and Chinese solar‑panel production...
Labour’s recent communications on the emerging energy crisis have leaned on the traditional “keep calm and carry on” mantra, even as oil prices surge due to the Iran‑Russia conflict and global supply is expected to fall about 20%. The party...
The National Stock Exchange (NSE) has secured SEBI approval to launch Indian Natural Gas Futures in partnership with the Indian Gas Exchange (IGX). The contracts will be based on IGX’s benchmark GIXI price index and will initially offer twelve monthly...
Swiss sustainable aviation fuel company Metafuels secured a €1.92 million (≈ $2.1 million) grant from the Netherlands Enterprise Agency for its Rotterdam e‑SAF project, administered through its Dutch subsidiary. The funding will finance front‑end engineering, permitting and commercial preparation for the Turbe plant,...
Last week natural‑gas prices diverged across regions. In Asia, the JKM spot index jumped to $20 /MBtu, spiking into the high‑$22s amid renewed Iran‑related geopolitical risk and unplanned Australian LNG outages. Europe’s TTF fell to $18.3 /MBtu as Norwegian deliveries rose and...
Hexa Energy Services inaugurated Japan’s first operational battery energy storage system (BESS) with a capacity‑market contract at the 30 MW/130 MWh Tagawa facility in Fukuoka, co‑located with a 2 MW solar plant. The project, which began commercial operation in November 2023, was celebrated...
Global jet‑fuel prices have surged, with the International Air Transport Association reporting an average of $195.19 per barrel and the U.S. Argus index exceeding $4.60 per gallon—more than double pre‑conflict levels. The spike is forcing airlines to trim capacity, with...
The oil and gas sector is shifting from generator‑driven tools to battery‑powered, cordless solutions such as Milwaukee Tool’s MX FUEL™ Electrofusion Processor. Advances in lithium‑ion batteries now support high‑energy tasks, eliminating noisy generators and extensive cabling. Integrated digital tracking and swappable...
Volvo Trucks has begun on‑road testing of heavy trucks powered by hydrogen combustion engines using High Pressure Direct Injection (HPDI) technology. The HPDI system injects a small amount of ignition fuel before hydrogen, delivering higher efficiency and power than conventional...
For decades, the price at the Malaysian petrol pump has been a rare constant in an ever-changing global economy. But the familiar green nozzle is about to represent a significant shift in the household ledger.
We had a policy of discounted domestic oil prices once. It was called the National Energy Program. Ask your AB caucus colleagues about it. And, we did build a refinery a decade ago and it ran billions over budget....
The European Union is weighing a Covid‑style emergency framework to tackle a looming energy crisis sparked by the war in Iran, including joint procurement of gas and electricity. EU officials have convened rapid meetings to align policy responses, borrowing tactics...
German Economy Minister Robert Habeck urged a swift rethink of the country’s nuclear phase‑out as wholesale electricity prices surged to record levels. He argued that extending the operating life of the remaining six reactors could provide immediate price relief and...
The U.S.-Israeli war with Iran has slashed oil and LNG flows through the Strait of Hormuz to roughly five percent of normal levels and damaged Qatar's Ras Laffan LNG plant, threatening a $20 billion annual export loss. Gulf states face immediate economic...
In a CleanTech Talk episode, Dylan McDowell, CEO of the National Caucus of Environmental Legislators, and Hawaii State Senator Chris Lee discuss why state‑level action is now critical to America’s clean‑energy transition. They highlight how hands‑on learning programs and legislative templates are...
🚨This is an issue we have been highlighting in our publications since last week: 🚨Hype... Hype... Hype. 🌍Where are the deals that India, Malaysia, and Pakistan supposedly made with Iran to allow their ships and tankers to pass? 🚢Where are the 20...
What this latest fossil fuel war proves is that China’s strategy to become the world’s 1st Electrostate was, in hindsight, the ultimate realpolitik move and a masterstroke of strategic planning The scale is staggering: >China’s electricity consumption exceeds that of the EU,...
The article warns that global LNG downstream investment is lagging behind a surge in liquefaction capacity, driving the regas‑to‑liquefaction ratio down from 2.7 in 2015 to 2.4 in 2025 and projected to hit a historic low of 1.75 by 2035....
The SwitchedOn podcast highlighted concerns that rooftop solar and battery owners may be shifting electricity costs onto non‑solar households, especially renters and low‑income families. While the argument points to perceived unfairness, it overlooks solar’s system‑wide benefits such as lower wholesale...
So we now seem to have fuel price caps and three airlines in emergency management in South Korea, have had school closures in Bangladesh and Pakistan, jet fuel rationing and a push to work-from-home in Vietnam, alternate-day driving for private...
The Edify Green Hydrogen Project (EGH2), a $137 million AUD (~$90 million USD) initiative to create a 17.6 MW electrolyser and 21 MW solar‑battery hub in Townsville, has been withdrawn from the federal EPBC environmental assessment queue after more than two‑and‑a‑half years. The project...
Hydrogen fuel‑cell technology is moving from demo projects to early commercial use in short‑sea shipping, where vessels like ferries and workboats need flexible, low‑emission power. Operators are adopting on‑demand hydrogen generation to avoid large storage tanks and under‑developed bunkering infrastructure....
Indian Oil Corp (IOCL) rolled back an initially announced 100% hike in aviation turbine fuel (ATF) for domestic airlines, setting the price at ₹1,04,927 per kilolitre (≈ $1,260), about an 8.5% rise from March. The ministry limited the increase to a...
The basics of fracking. Something so many don’t understand, but are always told about the problems associated with it. But to best oppose new oil and gas leases across the board, it’s important you understand the underlying process and how that...
🇵🇰Pakistan LPG price surge intensifies hardship for citizens 🇧🇩A deepening shortage of LPG now grips Bangladesh’s domestic market. 🇰🇭Cambodia Races to Avert Fuel Crunch as Global LPG and Diesel Shortages Bite https://t.co/6D1Hdd0QGy
An investigation by SourceMaterial, Politico and Transport & Environment reveals that Eni’s Italian‑government‑backed Kenyan biofuels project is failing to deliver on its promise of locally grown non‑edible crops. Despite a $210 million public investment intended to support 200,000 small‑scale farmers, trade data shows...
Iran is Trump's Waterloo He won’t be able to spin this as a “win,” says @RanaForoohar Oil shock + AI unwind + credit crack = a fast, market-led 20-30% correction. The K-economy masks the impact on most Americans #OilMarkets #AI #Credit #Recession
🇮🇳Indian refineries shifted their dependence on European markets to African markets. Tomorrow, Wednesday, we will publish a surprising chart about India in the Daily Energy Report: https://t.co/gGaADYgO1p https://t.co/LUhtseUn6Z
A Russian-flagged tanker carrying 730,000 barrels of crude arrived in Havana, breaking a U.S.-imposed oil blockade that has left most of Cuba without fuel. The delivery, welcomed by a beleaguered population, underscores the geopolitical tug‑of‑war between Moscow, Washington and Havana.
Qair secures US$94 million for 203MW of renewable projects in Poland #energysky -- via pv-tech: https://t.co/0e2Dh6yLZy
Trump wants to leave opening the Strait of Hormuz to other countries. The U.A.E. wants the U.S. to be part of a multi-national coalition to open the waterway and is willing to join the fight. with @summer_said @DavidSCloud https://t.co/N8BEqgKnzg
Battery‑electric heavy trucks now command about 22% of China’s heavy‑truck market, with 230,000 units sold in 2025, while cumulative hydrogen fuel‑cell truck sales total only around 40,000 units. Battery‑swap corridors, such as CATL’s 300‑station network, cut operating costs to roughly...
#IndiaWatch🇮🇳: Since the US-Israeli war on Iran started, India’s oil imports from Russia have nearly doubled. Good news. IT’S A SIGN THAT THE ILL-CONCEIVED SANCTIONS REGIME IS STARTING TO BREAK DOWN. https://t.co/XzP5Xxh83g
Grid batteries reach stunning new peak of 44 pct of evening demand in world’s fourth biggest economy #energysky -- via Renew Economy: https://t.co/UJerojEzXI https://t.co/bc0I4zOGE5
The war in the Middle East has pushed Brent crude above $100 a barrel, threatening diesel‑dependent Pacific economies. Fiji could see its imported fuel bill jump $670 million by 2025—about three times its annual healthcare budget—while Vanuatu faces a potential $120 million...
Ecoener secures PPAs for 200 MWp of solar projects in Guatemala #energysky -- via pv-tech: https://t.co/9sFSZtmHOb
Queensland state‑owned transmission operator Powerlink has lodged a request with the Australian Energy Regulator to raise its revenue cap by 45%, targeting a total of about $3.8 billion USD for the 2027‑32 period. The increase reflects higher spending on grid maintenance,...
AGL announced a final investment decision on the K2 project, a 220 MW dual‑fuel (gas‑diesel) peaking plant to be built beside its Kwinana Swift facility in Western Australia. The $490 million development includes $185 million for four Siemens turbines and will be financed...
Perovskite solar cells can be made without expensive cleanrooms #energysky -- via pv magazine global: https://t.co/tvnjNDXxGN
Oil from the Gulf that has been in transit to its destinations is about to dry up. Then, there will be a crunch. Paul Krugman employs standard econ arithmetic to end up with a price range of $99/BBL to 372/BBL, depending...
Singapore’s Energy Market Authority will raise household electricity tariffs by 2.1% to S$0.56 /kWh (about $0.41) and the overall tariff by 2.0% to S$0.52 /kWh (≈$0.38) from 1 April to 30 June 2026. The average monthly bill for a four‑room HDB flat rises S$1.80 (≈$1.33)...
Nine vessels seized by the U.S. since it began taking direct action against the so-called shadow fleet that transport illicit oil around the world have delivered more than 20 million barrels of Iranian crude to China since 2013. @Kubota_Yoko https://t.co/43BnQE09kQ
POLL: Has the June WTI crude oil futures contract peaked? ($104 on March 9th, $99 last night, $94 currently)
