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
Abu Dhabi's Department of Energy launched the second phase of its Solar Energy Self‑Supply Policy, introducing a simplified regulatory framework for residential solar photovoltaic and battery storage installations. The new rules streamline permitting, technical standards, and grid‑connection procedures, aiming to enable homeowners to meet a significant portion of daytime electricity demand. While no specific capacity target was disclosed, the move signals a shift from the emirate’s historic focus on utility‑scale projects, such as the 1.5 GW Khazna development, toward broader community participation. The policy supports Abu Dhabi’s ambition for clean energy to supply 60% of its electricity by 2035.
Brenmiller Energy Ltd. (NASDAQ:BNRG) announced it has earned ISO/IEC 42001:2023 certification for its AI management system, covering AI‑driven optimization, predictive maintenance, demand forecasting and market analytics. The certification underpins the company’s BNRG360 strategy, which seeks to evolve from standalone thermal‑energy‑storage (TES)...
Here are the new amounts that fuel will rise by in South Africa, tomorrow. These new amounts already include the temporary R3 deductions in the fuel levy, that was announced by the National Treasury earlier today.
Pinergy is urging Irish businesses to view solar and battery systems as long‑term infrastructure that can hedge against volatile energy prices. Their latest Energy Sustainability Research Study shows cost savings remain the primary driver, with 68% of firms citing efficiency...
Tesla announced a new battery for its Semi truck that is engineered to last one million miles, directly tackling the durability concerns of long‑haul fleets. The company says the Semi can charge at up to 1.2 MW, restoring about 60% of...
The Michigan Public Service Commission approved six battery energy storage system (BESS) projects totaling 1,332 MW, including a 332 MW package earmarked for Oracle’s Green Chile Ventures data centre. The first three projects deliver 1,000 MW to satisfy DTE Electric’s integrated resource plan...
Google has renewed its long‑term agreement with American Express Global Business Travel and Shell Aviation to source sustainable aviation fuel (SAF) data through the Avelia registry. The partnership, first launched in 2022, uses a book‑and‑claim model that lets business travelers...
Sapphire Technologies and Anax Power are partnering to attach modular data centers to natural‑gas pipelines, using Sapphire's FreeSpin in‑line turboexpander to harvest excess pressure energy. The system converts waste pressure into up to 3 MW of electricity and 35 million BTU of cooling,...
South Africa’s government announced a temporary one‑month cut to the general fuel levy of R3 per litre (about $0.16) to cushion the shock from the Iran‑Israel conflict that has driven Brent crude up 55% in March. Despite the relief, diesel...
South Korea’s Pan Ocean announced a $121.8 million order for a new VLCC, slated for delivery in December 2029, with the option to convert the vessel to run on ammonia. The deal follows earlier 2025 purchases of two VLCCs at roughly $127 million...
Form Energy, Ore Energy and Noon Energy are commercialising 100‑hour long‑duration energy storage (LDES) batteries, each using distinct chemistries—iron‑air for Form and Ore, and a solid‑oxide fuel‑cell‑flow hybrid for Noon. Reported target costs range from $15‑20 per kWh, with Form...
The European Union Agency for the Cooperation of Energy Regulators (ACER) has opened a public consultation running from March 31 to May 8 to map the EU power purchase agreement (PPA) market. The consultation seeks detailed input on regulatory frameworks, financial guarantees,...
Emerald AI, founded by former renewable developer Varun Sivaram, offers software that makes AI data centers flexible‑load, allowing them to reduce power use during grid peaks and accelerate interconnection approvals. Nvidia’s venture arm NVentures led a $25 million round that brings...
Iran's Parliament Security Committee approved a Strait of Hormuz Management Plan that introduces a rial‑based toll system for vessels transiting the vital waterway. The plan explicitly bans American and Israeli ships and targets nations imposing unilateral sanctions on Tehran. It...
Gujarat has extended its industrial daytime power discount window from 3 pm to 5 pm, allowing factories to tap cheaper solar‑generated electricity for two extra hours. The concession, previously limited to smart‑meter users, now applies to all smart‑metered industrial consumers, removing the...
INPEX Corporation has extended its strategic LNG collaboration with Indonesia’s PT Pertamina through its Masela subsidiary, keeping the Abadi LNG project on track in the Arafura Sea. Simultaneously, INPEX signed a new upstream memorandum of understanding with Pertamina Hulu Energi to...
Russian Urals crude premiums in Asia climbed to about $8 per barrel versus Brent, up from $5 a week earlier. However, Ukrainian drone attacks have forced the closure of roughly 40% of Russia’s oil‑export capacity, including the 700,000‑bpd Ust‑Luga port....
The Strait of Hormuz, which normally carries about 20% of global oil, is now closed except for limited Iranian shipments, turning speculative price gains into an imminent physical shortage. J.P. Morgan predicts Gulf tankers will stop reaching Asian markets this...
Tekmar Group has secured two contracts worth roughly $2.5 million for a Japanese offshore wind project, supplying its 10th‑generation cable protection systems. The work will begin immediately, with revenue recognized through the rest of fiscal 2026 and into the first half...
A team at Kyushu University in Japan has demonstrated a solar cell that converts 130% of incoming sunlight into electricity using a spin‑flip emitter, a result that exceeds the traditional 100% thermodynamic ceiling. The breakthrough, published in the Journal of...
Iberdrola and automotive‑components maker Gestamp have signed a 10‑year power purchase agreement to deliver 660,000 MWh of renewable electricity to Gestamp’s European factories. The contract secures 34 MW of capacity, split 80 % wind and 20 % solar, and includes guarantees of origin. A...
PwC South Africa provided financial due diligence for British International Investment’s $15 million mezzanine debt into Starsight Energy Africa Group. The funding will expand Starsight’s renewable power portfolio serving commercial and industrial customers across West Africa, primarily Nigeria. PwC’s assessment covered...
Crude oil markets remain firm as geopolitical tensions around Iran and the Strait of Hormuz embed a risk premium. OPEC+ announced a modest production increase of 206,000 barrels per day for April, while earlier pauses remain in effect. WTI and...
The joint Iran-Israel-U.S. war has shut the Strait of Hormuz, sent Brent crude to $115 a barrel and U.S. gasoline above $4 per gallon, and triggered jet‑fuel shortages in Europe. Disruptions to oil, helium and plastics are rippling through logistics,...
Costco opened its first stand‑alone gasoline station, a 40‑pump site in Mission Viejo, California, in June. The move expands the retailer’s fuel footprint beyond warehouse locations, aiming to ease lot congestion and deepen member value while adding a new revenue...
Gas at the pump just hit $4/gallon. US stepped up attacks on Iran hitting missile depots. Unclear if this will lead to more escalation or signals a peak. Ukraine hit Russian oil production facilities almost 1000km from its border which will...
The United States launched 2,000‑pound bunker‑buster bombs on an Isfahan ammunition depot linked to Iran’s enriched uranium program, while an Iranian drone struck the Kuwaiti‑owned Al Salmi tanker carrying 2 million barrels of oil near the Strait of Hormuz. Brent crude rose...
Japanese engineering giant Chiyoda Corporation has signed a memorandum of understanding with shipping leader Nippon Yusen Kaisha (NYK) and its subsidiary Knutsen NYK Carbon Carriers (KNCC) to pursue carbon capture and storage projects worldwide. The trio previously completed a 2024...
The European Commission has launched an in‑depth state‑aid investigation into France’s €72.8 billion (≈ $79 billion) support package for six new nuclear reactors totaling 9,990 MW, slated for commissioning between 2038 and 2044. The aid combines a subsidised loan covering 60% of construction costs,...
U.S. GAS FUTURESprices for the front-month have slipped well below $3 per million British thermal units to encourage more gas-fired generation and reduce coal combustion. Inflation-adjusted front-month futures have averaged just $3.05 so far in March (21st percentile for all...
China has extended its fuel export ban for another month to April. There is now talk of letting a small amount of fuel out to countries like Sri Lanka, Bangladesh and the Maldives. But the shipments would be only ~5%-10%...
NGEN has broken ground on an 85 MW/170 MWh battery energy storage system (BESS) in Wagenham, Upper Austria, targeting commercial operation later this year. The two‑hour plant will bolster grid flexibility and support renewable integration at a key European interconnection point with...
Increasingly it does sound like US President Donald Trump will leave the Strait of Hormuz to others to sort out. "... The U.S.A. won't be there to help you anymore ..." https://t.co/8wFtBLuoCa
The bigger concern for the US economy isn't gas prices, but diesel prices, as @amoshochstein tells @annmarie just now. They're at the highest since 2022 and bumping up against those highs, at $5.45 a gallon. That's the price that'll pressure...
China has imposed broad bans on fertilizer and fuel exports, citing domestic energy security concerns, while refusing to acknowledge the restrictions publicly. Southeast Asian nations—including Bangladesh, the Philippines, Thailand, Malaysia, and Australia—are pressing Beijing to honor existing contracts and keep...
Mixed War News Keeps Oil Firm and the Greenback Consolidating: War developments pulled in both directions, leaving investors on edge On the one hand, Iran struck an oil tanker, carrying Kuwait oil, in port in Dubai. On the other hand,...
MATANZAS, Cuba, March 31 (Reuters) - A Russia-flagged tanker carrying some 700,000 barrels of Russian oil arrived in the anchorage area of the Cuban port of Matanzas at daybreak Tuesday, according to a Reuters witness.
Researchers propose a statistical‑physics framework that treats well flow‑rate fluctuations as a proxy for subsurface strain changes. By applying Jaynes' maximum entropy principle with energy‑input constraints, they link covariance of inter‑well flow noise to non‑local stiffness tensors. This relationship enables...
Damage to the Kuwait-flagged Al-Salmi crude oil tanker, following a reported strike, amid the U.S.-Israeli conflict with Iran, March 31, 2026. Kuwait Petroleum Corporation/Handout https://t.co/sHvufs2F66
The global energy trade has been taking hit after hit, and things might be getting worse. Ukraine launched a large drone attack on oil export facilities in the Baltic, proving they can disrupt Russian exports. Full Newsletter: https://t.co/Tp92ahyVzj https://t.co/Zk1DX6pw9v
AleaSoft Energy Forecasting reported that weekly average electricity prices fell across most major European markets, with the average dipping below €90 ($103) per MWh in seven countries. Record‑low prices of €0.18/MWh ($0.21) were logged in Portugal and Spain, the latter...
Iran struck a ship with Kuwaiti oil in a Dubai port and press reports POTUS told aides can consider winding down operation without securing Strait of Hormuz. Oil remains firm. Mkts uncertain. Large euro options at $1.15 expire today...
US gasoline hit $4/gallon according to latest AAA survey but in California, it's $5.89 for gasoline and $7.46 for diesel. https://t.co/bqPOGeuC3B
In this episode Tom Reid of Argus discusses the escalating Hormuz crisis with Dubai‑based colleagues Nada Itayim and Bashar al‑Halabi. They examine the U.S. deployment of the USS Tripoli, the strategic importance of Iran’s Kharg Island as a major oil export...
Thousands of wind-turbine blades have piled up in a small Texas town. It's spurred a battle between angry locals and a recycler who got in over his head https://t.co/AuxCEWC3Ab
Excl: Britain’s hub London Heathrow is the *highest-risk* major airport in Europe for jet fuel from April 🚨 as US-Israel war on Iran continues - Heathrow, with 1,300 flights daily, will struggle ‘the most, & the earliest’ with jet fuel as...
The article highlights hidden safety risks in battery energy storage systems (BESS) and argues that end‑to‑end visibility across the entire lifecycle is essential to mitigate them. It contrasts BESS with solar, noting that batteries remain energized and demand continuous monitoring,...
Pleasure to receive @IRENA Director General @flacamera at the @IEA HQ to discuss developments in the global energy sector & the longer-term prospects for different energy technologies I expressed my solidarity with IRENA staff in Abu Dhabi affected by the current...
China's electrification bet is paying off. Electricity now accounts for 30% of its energy consumption - around 50% higher than the US or Europe. With 1/3 of global renewable energy capacity already installed, China is structurally more insulated from rising oil...
Chevron announced that its Wheatstone LNG plant in Western Australia suffered extensive damage from Tropical Cyclone Narelle, forcing both of its 8.9‑million‑ton‑a‑year processing trains offline. The damage includes fin‑fan arrays and air‑cooled heat exchangers, making repairs complex and time‑consuming. Chevron...
