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
France’s energy regulator (CRE) announced lower feed‑in tariffs for photovoltaic (PV) systems up to 100 kW, effective April‑July 2026. The 9‑36 kW tier now receives €0.805 (≈$0.93) per kWh, while 36‑100 kW gets €0.70 (≈$0.81) per kWh, and surplus electricity is compensated at €0.473 (≈$0.55) per kWh. Investment grants were set at €80‑€120 (≈$93‑$139) per kW, encouraging self‑consumption and storage. Systems above 100 kW are excluded from the FIT scheme and must compete in a tender process.
American Battery Factory (AFB) has locked in offtake agreements for 4.5 GWh of the 5.5 GWh output slated for its Arizona LFP gigafactory, clearing a major financing hurdle. The plant, built with Sprung Structures’ rapid‑deploy fabric modules, will begin production in late 2027...
The UK government is proposing a pay‑per‑mile duty on electric vehicles to replace traditional road tax. The British Vehicle Rental and Leasing Association (BVRLA) estimates the scheme could impose about £260 million (≈ $330 million) in annual compliance costs, including £75 million (£95 million) for...
GeoForce Technical Services, part of Oceanscan and Venterra Group, has secured a six‑month geotechnical survey contract with Reach Subsea for the Shetland HVDC Link 2 project. The survey will map seabed conditions, analyse sediments and conduct core penetration testing to support...
Balance of the month cash Dubai crude barrels (white line) still trading higher than the prompt Oman futures (blue) I'm seeing quoted this morning, which are down more sharply, but spot Middle East barrels certainly feeling less pressure and all...
India’s cabinet approved a new climate pledge to cut emissions intensity by 47 percent by 2035, relative to 2005 levels. The target builds on a 36 percent reduction achieved between 2005 and 2020 and is paired with a plan to raise clean‑power...
Poland is emerging as a dominant offshore wind investor, committing roughly $17 billion—about one‑third of the EU’s $49 billion wind‑sector investment for new capacity. The country targets 11 GW of offshore wind by 2040, backed by successful auctions and a stable regulatory framework....
Renewable “installed capacity” figures, measured in gigawatts, are a theoretical maximum that ignores the intermittent nature of wind and solar. In the United States, on‑shore wind operates at about a 33.5 % capacity factor and utility‑scale solar at roughly 23.5 %, meaning...
The Iran‑Israel war has shut the Strait of Hormuz, driving up Asian LNG prices and prompting Beijing to reconsider its heavy reliance on maritime energy imports. Analysts say the disruption revives interest in the stalled Power of Siberia‑2 pipeline, a...
EcoNavis Solutions installed its Eco Boss Cap on a second Kaizen vessel, the 32,491 dwt bulk carrier YC Fortitude, following the July 2025 retrofit of the 31,807 dwt general cargo ship SYFC Araya. After six months of operation, Kaizen reported fuel savings between 2.2% and...
The Middle East war has generated at least $25 billion in repair and restoration costs for Gulf oil and gas infrastructure, according to Rystad Energy. Damage to Qatar’s Ras Laffan LNG complex has cut output by 17%, equivalent to 12.8 million tonnes per...
Spain’s grid operator Red Eléctrica and regulator CNMC launched real‑time, setpoint‑based voltage control services on March 17, enabling renewable generators to adjust reactive power on demand. More than 50 installations are already active, with 365 applicants and 74 qualified units...
India’s Power Ministry has instructed all 15 imported coal‑based thermal plants to operate at full capacity from April 1 to June 30, 2026, citing an anticipated summer peak demand of over 270 GW. The directive, issued under Section 11 of the Electricity Act, aims...
ClassNK has issued an Approval in Principle for a liquefied CO₂ carrier designed to support a floating offshore carbon capture and storage (CCS) injection facility. The vessel will work with a Socket SPAR unit, a floating injection system aimed at...
India's Net-Zero Vision: The partnership aligns with India's national goal to achieve net-zero emissions by 2070 and transition to non-fossil fuel power.
Dallas Fed Energy Survey for Q1 2026 is out. 2 Notes on this chart: - Only 34 executives responded - That second sentence in the description does all the work https://t.co/gAebgKUX4O
SLB and NVIDIA have broadened their AI partnership to create modular data‑center infrastructure and an “AI Factory for Energy” that will deliver domain‑specific generative and agentic AI models for the energy sector. The agreement positions SLB as a design partner...
I find the oil futures curve to be a useful way of keeping track of news out of the Middle East, as it provides a useful metric for assessing what's changing, and how much. https://t.co/Hl3XzfUEfP
How EU NIS2 is reshaping cybersecurity for PV plant operators #energysky -- via pv magazine global: https://t.co/eSJkuEt6jK
Brooklyn SolarWorks has completed the first residential battery energy storage system (BESS) installation inside New York City, situating a 19.6‑kWh battery beneath a solar canopy in Chinatown. The system uses Briggs & Stratton’s AccESS storage, the only rooftop‑approved residential ESS under...
GULF SHUT-IN UPDATE: Brings Iraq's confirmed shut-ins to ~3.5 MMbpd as of yesterday, lifts overall confirmed *crude* Iran War output shut-ins to ~9.5 MMbpd. Gas condensate/NGL output losses are on top of that. ~200 million barrels of expected crude won't be...
National retail gas prices have crossed the $4.00 per gallon threshold. Highest prices since August 2022. Just a month ago, the President was saying they were under $2 https://t.co/o1wA1BwG3C
German Environment Minister Carsten Schneider unveiled the Climate Protection Programme 2026, earmarking €8 billion (≈$8.7 bn) for 67 measures that aim to cut at least 27 million tonnes of CO₂. The plan concentrates on electric mobility – expanding purchase incentives, charging infrastructure and...
While WTI has remained just under $100barrel, Brent has remained well above $100 as it is more dependent on the Strait. Per the bottom panel below, the backwardation of the forward curve has continued to sit around $20/barrel as the...
Remote inspection of new residential solar saves time and can improve safety #energysky -- via pv magazine usa: https://t.co/ZX9BmJQz4P
In this episode Sean Farrell and his brother Matt discuss the hype and controversy surrounding the so‑called "donut" solid‑state battery unveiled at CES, dissecting the lofty claims of 400 Wh/kg energy density and 100,000‑cycle life that many deem physically impossible. They...
"The president's case against wind are literally the rantings of an old man. I've seen grandpa Simpson make more sense." https://t.co/3rAbLKpVqe
VIDEO: Grid-forming, LDES and solar hybrids in Europe, with Envision Energy’s Michael Koller #energysky -- via Energy Storage News: https://t.co/lI5Hanqa0Y
SEPTA is installing ten solar‑powered, e‑paper arrival displays at high‑traffic bus stops and trolley stations, each priced at roughly $5,000. The pilot, slated to begin by the end of May, aims to gauge device reliability and rider satisfaction as part...
Just a reminder that everyone should check out the BCA Research Hormuz Crisis dashboard, which we have now made available to non-cients. https://t.co/2w3YrSrMuA https://t.co/PRmuyuEG4a
COB Tuesday is the best weekly energy podcast. Period. Excited to join them yesterday to discuss the Persian Gulf. tl;dr There are reasons to be optimistic about Hormuz. But the worst case scenario & long term consequences are worse than anyone has...
Brent crude rebounded past $100 a barrel while the two‑year Treasury yield rose to 3.88%, sending S&P 500 futures down 0.2% and weighing on large‑cap energy and industrial stocks. The move follows fresh missile and drone attacks in the Middle...
Every oil analyst reading the Iran War's done headlines and watching the Iran War's done price action waiting for the Strait of Hormuz to actually begin flowing again https://t.co/4kBqUoI2Np
"Rather than being a sign of weakness, TACO is working in Trump’s favor. No one knows for certain when or if he’ll try to end the war, which has been enough to stop traders from pushing up the oil price."...
Mark Offshore has signed an agreement with Lithuania’s Klaipėda University to manage the research vessel Mintis, adding the 40‑metre DP1 catamaran to its fleet. The vessel, originally built in 2014, combines scientific research capabilities with offshore operational functions, including ROV,...
Adani Green Energy commissioned 510 MW of renewable capacity at its Khavda site in Gujarat, raising its operational portfolio to 17,982 MW. The Khavda hybrid park is slated to reach 30 GW of solar and wind by 2030, with a 5 GW, 25‑year PPA...
Power Roll, a UK flexible‑PV specialist, has signed a joint development agreement with Tokyo Gas to trial its lightweight perovskite solar‑film technology in Japan, marking the first deployment of the product outside Europe. The collaboration will assess use‑cases, certification pathways...
The Australian Energy Market Operator’s 2026 Gas Statement of Opportunities shows that expanding grid‑scale battery storage and accelerated electrification have pushed the nation’s first major gas shortfall from 2026 to 2030. AEMO still flags a peak‑day risk in the southern...
A study by Germany’s VDMA and Fraunhofer projects global capital expenditure on photovoltaic manufacturing equipment to rise from about $16.6 billion in 2025 to $43.8 billion by 2035, roughly 2.6 times current size. The growth mirrors an expected 2.5‑fold increase in annual...
The article traces how Western powers have long portrayed Iran’s oil as a coveted prize, beginning with the 1908 discovery that birthed the Anglo‑Persian Oil Company, later BP. It shows how BP’s interwar advertising turned Iran into an exotic backdrop...
Lots of headline whipsaw but call me crazy but I do find market price action useful. Oman oil back down to the 90’s from the 170 highs says this is a wrap https://t.co/0WwZo0Hanz
Battery energy storage systems (BESS) and electric‑vehicle (EV) infrastructure are expanding in both the United States and Europe, but growth patterns diverge sharply. Europe benefits from consistent, long‑term government incentives that keep EV adoption and grid‑scale storage on an upward...
Scoop in ME: Democrats on the Senate Energy Committee led by @SenatorHick are floating draft transmission language in permitting talks that I exclusively obtained. It builds upon Manchin/Barrasso EPRA bill from last Congress, and it intended to be a market...
Trump's tweets can move sentiment, writes @JavierBlas They can’t move reality Two weeks to fix flows—or the market stops listening https://t.co/JOkeWKOjXl #Oil #EnergyMarkets #Hormuz #Inflation #Geopolitics
A Japanese consortium led by Sekisui Solar Film has launched a three‑year agrivoltaic pilot that places film‑type perovskite solar cells over rice paddies at Chiba University. The study will monitor electricity generation, rice yield, methane emissions and overall commercial viability....
Microsoft has signed a ten‑year offtake agreement with U.S. biochar firm Liferaft to purchase one million carbon removal units (CRUs). The deal, delivered from Liferaft’s Iowa and Illinois facilities, is the largest biochar‑based carbon removal contract in the United States....
Some awkward facts: Oil is sold via a global price mechanism (there are some variations due to transportation costs). Gas is sold on a regional basis. If it was global, then why is US gas a fraction of UK gas?
Germany’s National Centre for Charging Infrastructure and consultancy P3 have introduced a new user‑centric metric called the Charging Success Rate (CSR). CSR blends technical uptime with the actual success of charging sessions, revealing that while network availability hovers around 99%,...
Saudi Arabia‑based ADES International Holding projects core earnings to rise between 33% and 44% in 2026, targeting EBITDA of $1.2 billion to $1.29 billion despite several Gulf offshore rigs being temporarily idle due to regional tensions. The company operates 123 rigs in...
BHP’s Australian operations chief Geraldine Slattery warned that recent geopolitical upheavals are pushing energy security ahead of climate objectives, reshaping policy priorities in major economies. She cited Middle East conflicts and disruptions to the Strait of Hormuz as catalysts for...
