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
UKA Group and Nordex Group have commissioned the 68 MW Mahlsdorf wind farm in Brandenburg, Germany, using ten N175/6.X turbines—the first global deployment of this 6.8 MW model. Each turbine sits on a 179‑metre hybrid tower with a 175‑metre rotor, designed to boost yields at moderate‑wind sites. The farm is expected to supply electricity to roughly 52,000 three‑person households. The project demonstrates how premium turbine technology can give developers a competitive edge in increasingly tough auction markets.
The article advocates a "capped carbon overdraft"—a time‑limited, low‑emissions gas‑fired capacity that backs up Africa’s renewable rollout. Power‑system studies in Nigeria, Mozambique and Southern Africa show that flexible gas plants deliver the cheapest long‑term mix when paired with solar and...
Denmark’s Greensand Future project is converting legacy North Sea oil wells into carbon‑capture storage wells at the Nini West field, roughly 240 km northwest of Esbjerg. The initiative follows a 2022 permit for up to 15,000 t of CO₂ injection and the...
Gujarat has operationalised more than 193 institutional biogas plants over the past five years, collectively producing 13,995 m³ of biogas each day. The Gujarat Energy Development Agency subsidises these projects, and the state budgeted a ₹12 crore (approximately $1.45 million) allocation for 2026‑27....
Australian startup WinDC, together with US‑based Armada, will install 11 MW of modular, container‑sized data centers at solar, wind and battery sites across New South Wales and Western Australia. The portable units run entirely on renewable power, can be moved by...
RWE has secured planning approval from Germany’s Federal Maritime and Hydrographic Agency for the Nordseecluster B offshore wind expansion, adding 900 MW to its existing 660 MW Phase A. The combined 1.6 GW complex, located 50 km north of Juist and 46 km north of Borkum, is...
State‑run Oil and Natural Gas Corporation (ONGG) has begun monetising gas from Platform B‑12‑24P of its $1 billion Daman Upside Development Project (DUDP) in the Arabian Sea. The platform is now feeding gas to the Hazira processing plant, marking the first commercial...
Escalating conflict between the U.S., Israel and Iran has damaged Gulf energy infrastructure and closed the Strait of Hormuz, costing the region roughly $1 billion daily in lost export revenue. The heightened geopolitical risk is forcing Western oil majors to reassess...
Taiwan’s Ministry of Economic Affairs has opened applications for a new offshore wind auction offering 3.6 GW of capacity, with submissions accepted from April 1 to September 30 and project selections slated for year‑end. The third‑phase programme targets grid connection by 2030‑31 and...
A webinar hosted by Energy‑Storage.news highlighted the rapid transition of grid‑forming (GFM) technology from a niche solution to a baseline requirement across European power markets. Speakers from Fluence and Modo Energy explained how inverter‑dominated grids are driving new interconnection standards and...
Gloucester, Massachusetts will decommission its two remaining on‑shore wind turbines after roughly 13 years of operation. The turbines had supplied between 50% and 70% of the city’s municipal electricity under a 25‑year power purchase agreement and generated annual revenues that...
South Korea is weighing a nationwide driving‑curb policy if global crude oil prices climb to roughly $120‑$130 per barrel, up from the current $100‑$110 range. The measure would extend the current public‑sector vehicle rotation system, marking the first country‑wide restriction...
Jadestone Energy reported that Cyclone Narelle, a Category 5 storm with winds over 200 km/h, damaged its Stag offshore oil field in Western Australia. The company shut down the platform on March 23, demobilised it, and discovered damage upon return on March 28. Jadestone...
DatacenterDynamics (DCD) has partnered with engineering consultancy AFRY to embed AFRY’s proprietary energy market data and modelling into the upcoming DCD Intelligence platform. The integration adds wholesale electricity price forecasts through 2030, renewable capture prices, demand outlooks, fuel price trajectories...
This was never just about price. While most focus on where oil is trading, the more important question is who prepared for this environment. Stockpiling, reserves, and long-term planning change how pressure is absorbed — and how decisions get made when systems...
Donald Trump announced he would "take" Iran's oil, hinting at a direct seizure of the Kharg Island export hub. The Pentagon is reportedly preparing weeks‑long ground operations, with thousands of troops redeployed to the Middle East. The threat has lifted...
Chinese researchers have unveiled a lithium‑metal battery that surpasses 700 Wh/kg energy density at room temperature and retains about 400 Wh/kg at -50 °C. The new electrolyte replaces oxygen with fluorine, boosting ion conductivity and stability. Integrated into a FAW Hongqi prototype, the...
European markets opened lower on Monday but quickly split, with Germany's DAX barely down 0.04%, while the FTSE 100 rose 0.59% and France's CAC 40 edged up 0.05%. The divergence follows a 50% jump in Brent crude since the Iran...
The UK government has mandated that all rental properties in England and Wales achieve a minimum Energy Performance Certificate (EPC) rating of C by October 1, 2030. The National Residential Landlords Association (NRLA) warns the target is unlikely to be met because...
This is unreal: Trump just ‘granted permission’ for Russia to deliver oil to Cuba saying “Cuba is finished… whether or not they get a boat of oil…” Trump views 9.7 -11 million people as mere pawns subject to his rule and...
The Iran‑Iran war has driven U.S. gasoline prices above $6 a gallon, underscoring the volatility of oil‑based transport. Electric vehicles (EVs) still cost roughly 5 cents per mile versus 12 cents for gasoline cars, a gap that widened as fuel prices spiked....
Taiwan will be receiving its last shipment of Oil from the Strait of Hormuz in the next couple of days. Over under odds China will try to take advantage of their lack of fuel supply and Trump concentrating military power...
The biggest oil supply shock in history has reached the one-month mark And the energy industry is warning that the crisis is only beginning 👇⚠️ https://t.co/AZ661hxNtt https://t.co/HF3YvOdLZx
Japan has asked the Ogasawara village mayor to survey the remote Minamitorishima island as a potential high‑level radioactive waste repository, joining similar inquiries in Hokkaido. The island, 1,900 km southeast of Tokyo, has no permanent residents but hosts a small military...
Plenty of analysis of the Gulf's two bypass pipelines - but as Hormuz remains near-shut, what more can the GCC do to avoid the Strait and narrow? https://t.co/6EwDOmaObS @TheNationalNews
Really excited about the launch of a new methodology by @goldstandard and @SEforALLorg designed to accelerate the replacement of fossil fuel generators with #renewableenergy systems, opening a new source of finance for #cleanenergy transitions. https://t.co/UIti3uc9Ue
Oceanwide Expeditions announced that it will introduce a pair of purpose‑built eco‑sail expedition ships in 2029 and 2030. The hybrid vessels will combine wind‑assist sails with low‑emission engines and battery storage to lower fuel use and underwater noise on fragile...
why oil price rises have been so orderly so far, and why that is about to change.. https://t.co/TAIdkwIkdQ
COLUMN: Five weeks into the Third Gulf War, the math of oil-barrel counting is intractable: The world is short of the black stuff. Enter demand destruction. @Opinion https://t.co/Y2DPUcHM8s
India’s brewers warn of glass bottle and aluminium can shortages as gas‑driven packaging costs surge, while farmers describe fertilizer as “as precious as gold” after Urea prices jumped to $600/ton. A parallel cash‑flow squeeze at fuel depots, caused by oil...
JUST IN: Trump signals no issue with Russian tanker fuel for Cuba, effectively easing the oil blockade.
UK’s Reeves urges the G-7 to boost energy supply as Starmer meets businesses https://t.co/FZoCimQPVx via @tomelleryrees https://t.co/bB2AAptmJI
Viking Digital, the Nordic‑based arm of Nordic Hydro, announced a 1.8 GW renewable‑energy platform to power European data centers, promising a 20% reduction in GPU‑hour costs. The move targets a projected jump in EU data‑center demand from 96 TWh in 2024 to...
JUST IN: Trump's Strait of Hormuz warning and Iran's counter-threats are making oil prices jumpy.
JUST IN: Goldman Sachs now sees Brent crude averaging $85 a barrel in 2026, an $8 increase to their prior forecast.
The Luz de Agua programme, backed by the UNDP and the Global Environment Facility, has installed more than 50 community micro‑hydropower plants across the Dominican Republic, delivering electricity to over 22,000 people in 5,000 households. The initiative slashes energy expenses...
HANOI, March 30 (Reuters) - Vietnam's Binh Son Refining and Petrochemical https://t.co/OmrXDN2ZrA said on Monday that it is in talks with Russian partners to buy crude oil.
I think most those projects are wishful thinking @acranberg But say they're valid. Europe lacks the ability to turn them into large-scale, reliable supply on the timelines and costs the current crisis & its aftermath demand.
Maersk announced an emergency fuel surcharge and temporarily halted operations at its Salalah terminal after a drone attack injured a worker and damaged a crane. The move comes as the Israel‑Iran‑Houthi conflict closes the Strait of Hormuz and pushes global...
Former CENTCOM commander says the US can & will open Hormuz I think he's taking the narrowest military view He ignores the force of politics, markets & insurers to limit Trump's options on time & risk. 👇 https://t.co/Fw6ibZ5qLW https://t.co/shLc2VcgAj
Stricter rules for energy retailers as UK smart meter deployment slows #energysky -- via pv magazine global: https://t.co/MYGdcwljBd https://t.co/gctjyz2sjF
U.S. pump prices are climbing toward $4 a gallon as the Iran‑Israel war drives crude above $100 a barrel and diesel to record levels. Analysts warn the surge could deepen stagflation, hitting families and farmers alike.
Seizing Kharg doesn’t mean “taking Iran’s oil,” writes @SheDrills It means slowing Iran's exports. It will take an occupying land force to "take" Iran's oil.
15 mmb/d of East Asia oil flows end April 1 1.5 mmb/d of European flows end April 10 https://t.co/TmYTgqnObS
The Trump administration has placed 31‑year‑old lawyer Seth Cohen at the helm of nuclear policy, accelerating deregulation and inviting a flood of Silicon Valley capital into nuclear startups. The move follows the firing of NRC commissioner Christopher Hanson and a...
Relax, everyone in Asia. 20 "big boats of oil" are about to pass through SoH.
Oil prices jumped above $116 a barrel on Sunday as Iran‑backed Houthi militants fired missiles and drones at Israel, extending the conflict into its fifth week. Brent crude rose 3.3% to $116.25, while U.S. WTI climbed about 3% to nearly...
GE Vernova CEO highlighted the company's diversified technology portfolio—gas turbines, wind turbines, grid solutions and small modular reactors—to help Vietnam meet soaring electricity demand while decarbonizing. Vietnam targets expanding its installed capacity from 90 GW today to over 200 GW by 2030,...
At the UK‑Vietnam Green Investment Forum, industry leaders agreed that Vietnam’s renewable energy sector has the technology and capital but lacks a mature regulatory framework to turn projects into bankable investments. PwC Vietnam highlighted a shift from traditional corporate lending...
Trump just said that he has "no problem" if a country wants to send oil to #Cuba right now. May come as a BIG surprise to Mexico and a few other countries -- which were threated with tariffs just TWO months...
