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
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 critical supplies flowing. Analysts predict China will only resume exports once its internal demand is assured, likely offering limited, transactional assistance. The export curbs are forcing regional partners to look toward alternative sources such as Russia or accelerated green‑energy investments.
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...
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...
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...
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,...
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...
The International Energy Agency’s Photovoltaic Power Systems Programme reports that solar installations above 60° N are expanding rapidly, with capacity reaching roughly 1,400 MWp by 2023 and annual growth rates of 46‑145% in key regions. Cold temperatures boost panel efficiency, while bifacial...
California Gov. Gavin Newsom’s administration is weighing whether to end the four‑year‑old Demand Side Grid Support (DSGS) virtual power plant program, which now supplies over 1 GW of capacity and offsets peak demand comparable to San Francisco’s load. Lawmakers and clean‑energy advocates...
Arizona’s elected Corporation Commission voted unanimously to eliminate the state’s renewable portfolio standard, which required 15% clean electricity by 2025. The repeal is justified by commissioners as a cost‑saving measure, yet utilities remain locked into long‑term renewable contracts that may...
Germany’s manual Frequency Restoration Reserve (mFRR) market generated about €60 million ($65 million) in 2025, but its tendered volumes have fallen to roughly 20% of aFRR capacity over the last decade. Downward mFRR prices dip to around €1/MW·h ($1.09) in winter, while...
President Trump’s recent executive orders are prompting the Department of Energy and the Nuclear Regulatory Commission to roll back the long‑standing ALARA radiation‑protection standards that have limited worker and public exposure at federal nuclear sites. The changes could allow up...
The roundup highlights rapid progress in non‑lithium energy storage, with Unigrid’s sodium‑ion cells reaching 5,000 full‑depth cycles and projecting a 25‑year lifespan that matches solar PV panels. Inlyte Energy secured a domestic iron‑powder supply partnership to scale its iron‑sodium (ZEBRA)...
Redoxblox has rebranded as Tempo, signaling its shift from research to commercial scaling of a thermochemical energy storage platform that delivers continuous, combustion‑free heat up to 1,200 °C. The system can charge fully in four hours, allowing factories to capture low‑cost...
The UK government, together with regulator Ofgem, has launched a consultation on revising cyber‑resilience rules for downstream gas and electricity licensees. The proposal would impose baseline cyber security requirements on all Ofgem‑licensed operators, while applying stricter standards to the most...
Chinese battery maker Hithium announced a strategic cooperation with Hong Kong‑based private‑equity firm Brawn Capital to develop up to 3 GWh of long‑duration battery‑energy‑storage systems (BESS) in the Asia‑Pacific region by 2030. The partnership will leverage Brawn’s investment and project‑development capabilities,...
A Kuwaiti‑flagged VLCC Al Salmi, carrying about 2 million barrels of Saudi and Kuwaiti crude, was struck by a drone off Dubai, sparking a fire that was later extinguished without injuries or oil leakage. The incident, reported by UKMTO, follows a recent...
Sharp spikes in Singapore’s fuel prices, driven by the Middle East conflict, have made RON97 petrol nearly twice as expensive as in Malaysia’s Johor Bahru (US$2.64 vs US$1.27 per litre). Singapore drivers, bound by a law requiring tanks to be...
ClearVue Technologies, in partnership with Helios Power, secured International Electrotechnical Commission (IEC) certification for its new building‑integrated photovoltaic (BIPV) rooftop panels. The metal‑backed design offers weatherproofing, fire‑class A safety, and enhanced wind‑load performance, extending roof lifespan. With the certification in...
Asian nations are scrambling for Russian crude as the U.S.-Israel war with Iran has cut roughly one‑fifth of global oil supply, especially through the Strait of Hormuz. The United States temporarily eased sanctions on Russian shipments, first for India and...
Oil prices surged in March, with Brent crude climbing over 51% since February and staying above $110 a barrel, marking the largest monthly gain on record. The spike follows the outbreak of war in Iran and heightened threats to the...
South Africa’s Valterra Platinum says platinum‑group metals are critical catalysts for the expanding hydrogen economy, which is seeing strong global growth despite short‑term challenges. The company highlighted the role of PGMs in fuel‑cell trucks, electrolyzers and green‑hydrogen projects, while noting...
Volvo Group, Daimler Truck and Toyota have signed a non‑binding memorandum of understanding to make Toyota an equal, third shareholder in cellcentric, the fuel‑cell joint venture owned by Volvo and Daimler. Toyota will contribute more than three decades of fuel‑cell...
V.O. Chidambaranar Port Authority has begun generating carbon credits from its renewable energy portfolio, registering five projects with a combined 12.4 MW capacity. The mix includes rooftop solar, ground‑mounted solar, and wind farms ranging from 400 kW to 6.3 MW. Over the next...
Energy analyst Anas Alhajji warns that the closure of the Strait of Hormuz has dramatically increased the risk and cost of Gulf oil and LNG, making U.S. exports far more competitive. Insurance shortages force LNG carriers to detour around Africa,...
British Prime Minister Keir Starmer warned that reopening the Strait of Hormuz for commercial traffic will be challenging, emphasizing the need for de‑escalation before safe navigation can resume. He hosted senior military officials and executives from Lloyd’s, Goldman Sachs, HSBC,...
Oil majors are projected to earn about €24 billion ($26 billion) in excess profits from European road fuels by the end of 2026, driven by price spikes after the US‑Israeli attack on Iran. So far they have already captured €1.3 billion ($1.4 billion) this...
Australia’s energy transition is being driven by massive transmission projects, but Ausgrid argues that existing distribution networks hold untapped value. By leveraging sub‑transmission assets in the Hunter‑Central Coast Renewable Energy Zone, 1 GW of renewable capacity is set for delivery by...
Balcony solar plug‑in systems have exploded in Germany, now used by millions of households. The growth is driven by cheap panels, micro‑inverters, regulatory reforms allowing self‑installation, and high energy prices after Russia’s invasion of Ukraine. The market has shifted from...
Australia’s federal "Cheaper Home Batteries" rebate has crossed the 300,000‑installation threshold, prompting a final push before a tiered discount structure takes effect on May 1. The new scheme will slash the 30% upfront rebate for batteries larger than 14 kWh, scaling down...
South Australia’s peak electricity demand is projected to more than double, rising from 3.3 GW today to over 6.5 GW within 15 years, as mining, steel, defence, AI and other industries flock to the state’s 100 percent net‑renewables grid. The region already generates...
New Zealand is weighing two contrasting projects to secure its electricity supply amid a global fuel shock. The fast‑track LNG import terminal in Taranaki would cost over NZ$1 billion (≈US$600 million) and deliver power at roughly US$120‑150 per megawatt‑hour, a price deemed uneconomic...
Iran struck the Kuwait‑flagged crude tanker Al‑Salmi off Dubai, igniting a fire on a vessel loaded with about 2 million barrels of oil worth over $200 million. The attack prompted a brief spike in crude prices, pushing U.S. gasoline above $4 a...
Dateline Resources Ltd. has staked a 32‑square‑mile heavy rare‑earth claim just 100 feet from the Joshua Tree National Park desert‑tortoise habitat. The move has ignited sharp backlash from environmental groups and a Democratic congressman, while the company argues the project could...
A Russian tanker, the Anatoly Kolodkin, arrived in Matanzas with 730,000 barrels of Urals crude worth about $84 million, marking the first oil shipment to Cuba since January. President Trump’s decision to allow the delivery breaks a two‑month U.S. fuel blockade,...
No amount of war or “drill baby drill” will do this to the price of oil, ever.
CHART OF THE DAY: The US gasoline national average retail price has risen above $4 per gallon for the first time since 2022, per the @AAA_Travel. It's the kind of price level that typically has triggered political alarms inside the...
#Robots Take Over Solar Panel Installation for Faster, Safer Deployment by @lukas_m_ziegler Robotics #ArtificialIntelligence #MI #ML #Tech #Innovation https://t.co/frX7ZyVon4
Singapore warns of higher power bills for months due to the Middle East conflict 🇸🇬📈 The country was getting half of its LNG from Qatar (which is now shut) "Everyone can play a part by using more energy-efficient appliances and conserving...
Asia's coal benchmark is at a 17-month high as Middle East conflict chokes gas supplies 🪨⚠️ Australian Newcastle coal futures for April hit $144.25/ton on Monday (the March contract expired Friday at $135.60) Asian countries are expanding use of coal to cut...
Goldman on the Bab el-Mandeb Strait: Russia accounts for 44% of oil exports via the Strait and Saudi Arabia for 42%, with nearly 90% of total flows going to Asia. https://t.co/Y8kpvJJoaC
Industry pays while coal and gas “cook the books:” Modelling reveals urgent need for Safeguard reset #energysky -- via Renew Economy: https://t.co/RTGGCweptA https://t.co/i7sUJmUIt0
Exactly. In the long term, countries should invest to make the Strait of Hormuz less strategically important. More pipes. @washingtonpost https://t.co/f7lWVZ0GyY
Open the grid: Why Australia needs power availability maps now #energysky -- via Renew Economy: https://t.co/BpzfPP234H https://t.co/Zth59onNIo
According to Gemini this figure is now below the y-axis from @Rory_Johnston's chart. 495 Million barrels so a quarter billion barrel draw in a month https://t.co/PEEyloJs9H
SolaX Power validates system level safety through extreme testing #energysky -- via pv magazine global: https://t.co/OyqLyHpXC9
Because of the US-Israeli war on Iran, Goldman Sachs projects that LNG will be 57% more expensive in Asia by 2028. US-ISRAELI WAR ON IRAN = MASSIVE COLLATERAL DAMAGE. Send the bill for damages to Trump and Netanyahu. https://t.co/zGDQ6V7G5Z
Solar array outperforms and saves San Diego church thousands Solar Power World’s Projects of Impact #energysky -- via Solar Power World: https://t.co/udaya4ubVt
Three oil nodes are experiencing pressure according to @WindwardAI: 1️⃣Ust-Luga, Russia 2️⃣Strait of Hormuz 3️⃣Yanbu, Red Sea https://t.co/3py8cN2pGP
Floods, inflation, insolvency: Transgrid says blowout in transmission costs “entirely” out of its control #energysky -- via Renew Economy: https://t.co/vjrTf4AFRm https://t.co/dedbsiZ4T0
