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
Since the July 2024 election, the UK government has backed at least 780 solar projects, spanning rooftop installations on schools and hospitals to utility‑scale farms over 500 MW. The contracts‑for‑difference (CfD) scheme accounts for 247 projects with 8.1 GW capacity, including 90 projects in the sixth round and 157 in the seventh. Planning consent via the NSIP stream adds another 2.7 GW, highlighted by the 600 MW Cottam Solar Project, while Great British Energy has supported 448 installations as part of its 15 GW clean‑energy ambition. State‑funded battery storage projects have secured up to $268 million in equity to accelerate grid‑scale deployment.
The United States delivered a 15‑point peace proposal to Iran via Pakistan, prompting Tehran to announce safe passage for non‑hostile tankers through the Strait of Hormuz. Oil benchmarks reacted sharply, with Brent sliding to $98 a barrel and WTI to...
Hungary announced it will suspend natural gas deliveries to Ukraine until crude oil flows resume through the damaged Druzhba pipeline. The halt cuts roughly 2.9 billion cubic metres of gas—about 45 percent of Ukraine’s imports and 20‑30 percent of its total consumption. The...
Maximo, an AES‑incubated solar‑robotics firm, installed 100 MW of panels at the 1‑GW Bellefield project in Kern County, California, using a coordinated fleet of four robots. The robotic system achieved peak installation rates of 474 modules per day, boosting human installer...
Transgrid has shortlisted nine large‑scale battery projects, totalling up to 2 GW, to deliver system‑strength services that keep the New South Wales grid stable. The contracts, expected to run about three years, will commence in the second half of 2026 and...
Oil crashes 10% on diplomacy hopes. Snaps back 4% when Iran denies those talks. WTI: $88 to $91.62 in 24 hours. Same war. Same region. Different headline. The volatility is the signal — not the direction. A 14-point crude range in 48...
Utility‑scale solar PV and wind together generated a record 17% of U.S. electricity in 2025, up from 16% in 2024. Solar output surged 34% year‑on‑year to 296,000 GWh, while wind grew only 3% to 464,000 GWh. The Energy Information Administration projects operational...
Dubai‑based Gulf Energy Maritime (GEM) has placed a $300 million order for six 50,000‑dwt medium‑range product tankers, split evenly between HD Hyundai’s Korean and Vietnamese shipyards. The vessels are slated for delivery between 2027 and 2029, expanding GEM’s fleet beyond ten...
![The European IoT Surge: How Czech Tech Won Vilnius [Sponsored]](/cdn-cgi/image/width=1200,quality=75,format=auto,fit=cover/https://cdn.tech.eu/uploads/2026/03/acrios-systems-875.png)
Vilnius has completed a city‑wide smart‑meter rollout, deploying 10,000 IoT data concentrators from Czech firm ACRIOS Systems to automate utility reading for roughly 500,000 residents. The deployment was finished in just five months, with each unit capable of handling up...
Rosneft’s Vostok Oil, envisioned as Russia’s flagship greenfield oil development, is now years behind its original timeline. The project faces significant logistical bottlenecks, from remote Siberian terrain to inadequate transport infrastructure, and tangled administrative approvals that stall progress. Despite these...
In this episode, Ed Elson and Flexport CEO Ryan Peterson discuss the cascading effects of the Strait of Hormuz closure and Red Sea disruptions on global supply chains, highlighting soaring oil, diesel, and fertilizer prices and a 50% rise in...
The article examines how the escalating Iran crisis could reshape Russia’s gas exports to Europe, a market where Russia still accounts for roughly 40% of supply. It argues that the EU’s recent pivot toward liquefied natural gas (LNG) has swapped...
The UK regulator Ofgem has shortlisted five bidders for Offshore Transmission Owner (OFTO) Round 13, targeting the transmission links of the East Anglia Three, Inch Cape and Dogger Bank C offshore wind farms. The three assets, comprising cables, converter stations and substations, are valued at...
A coalition of industry groups released the Solar Permitting Scorecard, grading all 50 states on residential solar permitting practices. Only California, Texas, New Jersey and Colorado earned grades above D, while the rest fell into D or F categories. The...
Asia, which purchases more than 80% of the crude transiting the Strait of Hormuz, is confronting a severe fuel shortage after Iran blocked the waterway following its war on February 28. Governments from South Korea to the Philippines are reviving...
U.S. RETAIL DIESEL prices including taxes climbed to an average of $5.38 per gallon on March 23 up from $5.07 a week earlier and $3.81 before the war started. Inflation-adjusted prices have averaged $4.80 so far this month (75th percentile...
Glencore Merafe has lodged a final counter‑proposal to Eskom over the utility’s 62 c/kWh (≈ $0.03/kWh) tariff, labeling the attached conditions as commercially unworkable. The venture highlighted that the proposed five‑year contract, dividend restrictions, and take‑or‑pay clauses would jeopardise the viability of...
Regulators have eliminated the 5 % test for solar projects over 1.5 MW, making the physical‑work test the sole path to safe‑harbour compliance, with a hard deadline of 4 July 2026. Recent observations from Enertis Applus+ across 80 independent‑engineering engagements reveal on‑site issues such as...
ScottishPower, owned by Iberdrola, secured £600 million (≈$770 million) financing from the UK National Wealth Fund to build the Eastern Green Link 4 (EGL4) subsea electricity superhighway. The 2‑GW HVDC link will stretch 530 km from Fife to Norfolk, delivering enough power for about...
LG Electronics India has entered 25‑year solar power purchase agreements with Hinduja Renewables Energy and Sunsure Energy to supply its Pune and Greater Noida manufacturing plants. The contracts cover 9.80 MWp and 11 MWp, delivering roughly 32.1 million kWh annually—enough for about 50,000...
The European Union is pressing to ratify the Turnberry agreement, a sweeping U.S.-EU trade pact brokered at former President Trump’s Scottish resort, or risk losing preferential access to American liquefied natural gas. The deal, valued at roughly $750 billion in U.S....
Iran’s abrupt closure of the Strait of Hormuz has sent oil prices soaring, prompting non‑Middle‑East exporters to step into the breach. Canada’s energy minister hailed the country’s surge as a strategic moment, positioning it as a reliable guarantor for allied...
South Korea’s Ministry of the Interior and Safety launched the Sunlight Income Village program, aiming to create more than 2,500 community‑owned solar cooperatives by 2030. Over 500 villages will be selected this year, with installations ranging from 300 kW to 1 MW...
Storm, a Belgian renewables IPP, secured €330 million (≈US$382 million) project finance to build two large‑scale battery energy storage systems totaling 300 MW/1,200 MWh in Ruien and Langerlo. The Ruien site, a former coal plant, will host a 200 MW/800 MWh system, while Langerlo will host...
DOF Group ASA has secured a substantial contract from Norway’s transmission system operator Statnett to replace high‑voltage subsea power cables across Ofotfjorden. The scope involves removing ageing cables between Lødingen and Barøya and installing four new 170 kV submarine cables bundled...
UrbanChain has signed the first generation power purchase agreement within its private energy market, securing an 8 MW solar project in Devon that will generate about 9 GWh annually and start operating by summer 2026. A UK financial institution is providing project finance...
Xcel Energy and Google have signed a deal to build a 1.6 GW multi‑technology generation stack in Pine Island, Minnesota, featuring iron‑air batteries for long‑duration energy storage. The partnership reflects soaring AI compute demand that is pushing utilities to seek multi‑day...
Greek tanker owner Golden Energy Management, controlled by the Restis family, has placed a new 157,000‑dwt suezmax order with South Korea’s DH Shipbuilding for approximately $89.5 million, with delivery slated for 2029. This contract brings the company's total Korean‑built suezmax orders...
Ember’s latest study shows that swapping ASEAN’s planned gas‑fired capacity for solar would save the region up to $67 billion and reduce electricity generation costs by roughly 50%. The finding arrives as LNG prices surge after disruptions in the Strait of...
Iran's war has shut down more than 20 million barrels of oil per day and driven Brent crude toward $120 a barrel. Tehran has begun charging transit fees for the Strait of Hormuz, while soaring prices are pushing Asian importers toward...
Valero's Port Arthur refinery in Texas suffered a massive explosion that ignited a fire and sent a thick smoke plume across the Gulf Coast. Emergency crews responded as the blast raised immediate safety and supply concerns for the U.S. fuel...
The Sensex climbed 1.89% and the Nifty rose 1.78% after crude oil prices fell 5% on reports of a possible US‑Iran ceasefire. The rally was reinforced by Reliance Industries' first Iranian crude purchase since 2019, signaling renewed confidence in energy...
Chinese EV battery manufacturers surged to a global installed‑capacity share of over 70% in 2025, up from under 50% in 2021. CATL led the market with a 39.2% share and posted a record net profit of RMB 72.2 billion (≈$10.5 billion), a 42%...
Ocean GeoLoop AS and NorFraKalk AS announced the conclusion of the current development phase for a planned 10,000‑tonne per year carbon capture plant, deciding not to proceed with construction. The decision follows a strategic review emphasizing disciplined capital allocation amid...
California’s average pump price hit $5.88 per gallon, the highest in the nation, driven by a mix of state policies and global market shocks. Long‑standing factors such as high excise taxes, cap‑and‑trade fees, and limited refinery capacity have kept prices...
While most eyes are focused on hydrocarbons in the Middle East, keep an eye on #Lithium in China as well... Some data providers flagged a weekly reduction in inventories, and prices have bounced over the past few days. We seem...
Wondering what it will take for this dribbling zealot to change his mind on maximising oil and gas production in the North Sea
German transmission system operator 50Hertz has signed a framework contract with Subsea Cable Assets (SCA) to supply four cable storage carousel systems. The agreement covers engineering, manufacturing, delivery, installation and commissioning, including all loading equipment. The deal was secured through...
Diesel was $7.25 in real dollars back in July 2008, $6.51 in June 2022 @jkempenergy .. $5.38 in real-time. I'd like to see @JeffWeniger work his magic on this chart https://t.co/u3Tn1K8vRc
The world's biggest LNG plant in Qatar wont be able to quickly restart even after the Iran war ends🇶🇦⚠️ Two of the plant's trains were damaged, and need new gas turbines to power LNG refrigeration compressors. Delivery will take 2-4 years...
OKEA increased its recoverable resource estimate for the Talisker West discovery near its Brage field from 19 to 28 million barrels of oil equivalents. The combined recoverable volumes from the Statfjord and Cook formations now range between 23 and 44 mmboe, with...
Oil -10% Monday. Oil +4% Tuesday. Same war. Same geopolitics. The volatility IS the signal. $USO $XLE $SPY https://t.co/Od9t9fzbbl
Like the Inflation Reduction Act that had 920 announced and under construction manufacturing facilities? https://t.co/3GozcfkM29
European clean‑energy investment reached a record $583 bn in 2025, a 19% year‑on‑year increase and outpacing spending in the United States and China. The surge was driven primarily by electrified transport, offshore wind and power‑grid upgrades, with the EU accounting for...
India’s long-delayed new climate policy set a modest target to cut a key emissions metric 47% by 2035, as the world’s third-largest polluter attempts to balance growing energy demand and action on global warming. https://t.co/RKUp7ehe38
May soon becomes the RBOB prompt.. it's $2.89... implying a $3.80-$3.85 national average (down from today's $3.99 level) https://t.co/0eD1CGzOZ5
Europe faced with near-empty gas stores just as war hits supply https://t.co/AMi8Pr6NeH via @priazrocha https://t.co/iNtIl6DXzV
Very productive meeting with PM Sanae Takaichi @takaichi_sanae to discuss impacts of the Middle East war on energy security in Asia & beyond I thanked her for 🇯🇵’s vital support for IEA’s historic oil stock release & we agreed to work...
Dutch gas inventories fall to **6.1%** full 🇳🇱 ⚠️ This is a seasonal low, and comes as the global LNG market is facing a shortfall due to the conflict in the Middle East https://t.co/OeUgHLyuUf
Thailand is hiking power prices due to the conflict in the Middle East 🇹🇭 ⚠️ Power rates may be increased by as much as 18% for the May-Aug. billing period due to higher fuel costs Other gas importers are...
