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
Infineon Technologies is partnering with solid‑state transformer specialist DG Matrix to provide its latest‑generation silicon‑carbide (SiC) power devices for the Interport multi‑port platform. The collaboration boosts the efficiency, power density and reliability of DG Matrix’s SST systems, which target AI data centers and industrial power applications. Both firms will align on future SiC roadmaps as DG Matrix scales to higher‑voltage, higher‑volume production, strengthening the semiconductor supply chain for next‑generation grid infrastructure.
Recent attacks on Gulf LNG facilities, including Qatar's Ras Laffan plant, have driven JKM prices above $25 per MMBtu and tightened supply for Asia, which absorbs 86% of Hormuz‑transiting cargoes. In Europe, TTF prices have surged past $64 per MWh,...
Oil executives warn that the ongoing war in Iran is severely disrupting crude and refined product flows, creating a global supply crunch. The resulting shortages are driving price spikes that are eroding demand across industrial and consumer sectors. Analysts anticipate...
After hours risk markets are "popping" higher on this story. No word on if this includes opening the Strait of Hormuz (or they agree to keep it closed and stop shooting.) Channel 12s source is the Israeli Government, suggesting they are...
We go to war and end up getting embargoed by Iran, which is now charging protection fees for oil tankers to go through the Strait of Hormuz. That's nuts. If Iran can embargo us with a couple of drones, we...
A CIEMAT study of the TCP‑100 parabolic‑trough plant in Spain tested advanced control schemes to boost solar‑thermal efficiency. Researchers compared a basic PI controller with a nonlinear generic‑model‑control (GMC) cascade and a supervisory pump‑speed logic. The GMC‑based cascade kept the...
After Rapid Growth, American EV Adoption Slows — Is This Temporary? Corey Cantor of @zeta_2030 discusses the slowdown of EVs in the US. His conclusion? The setback caused by the end of federal govt subsidies is temporary. #uspoli #EVs https://youtu.be/CDj6qLKA4_k
Britain’s Energy Secretary Ed Miliband announced that from 2028 all new homes in England must be equipped with heat pumps and roof‑mounted solar panels covering 40% of ground‑floor area. The policy aims to decarbonise housing but has drawn mixed reactions...
The Electric Power Research Institute (EPRI) unveiled Flex MOSAIC, a voluntary classification framework for large electric loads, to reduce the “time to power” bottleneck for data centers. Developed with more than 65 utilities, system operators, regulators, hyperscalers and technology providers,...
I've been describing the Hormuz crisis as a detonation in spacetime. It hit spot crude markets in the Middle East and refined products markets in Asia first. Then the shockwave travels further through time down the delivery curve, and out geographically toward...
Crusoe and Redwood Materials announced an expansion of their Nevada AI compute campus to 24 Crusoe Spark modular data centers. The upgrade raises total compute capacity roughly seven times the original deployment while still relying on the existing 12 MW/63 MWh renewable...
In this Bulwark Podcast episode, host Tim Miller chats with Atlantic editor‑in‑chief Joe Weisenthal and journalist Jeffrey Goldberg about the economic fallout of the Iran‑Israel conflict and the broader implications for U.S. defense policy. They dissect the controversial Signal‑chat scandal...
The U.S. Department of Energy’s Office of Cybersecurity, Energy Security, and Emergency Response (CESER) unveiled a three‑pronged, five‑year energy security plan covering fiscal years 2026‑2030. The plan targets world‑class security technologies, hardening of critical energy infrastructure, and streamlined response and...
Since the U.S.-Israel conflict with Iran began in late February, the U.S. Dollar Index has risen sharply, pulling down precious‑metal prices. The dollar’s strength is tied to a parallel surge in crude oil, which jumped from the $60s to around...
China’s crude oil inventories have surged since early 2024, climbing roughly 15% year‑over‑year and reaching levels not seen in a decade. Despite oil prices soaring well above the breakeven cost of the stockpiled barrels, Beijing has drawn little to none...
Households in Northern Ireland are confronting higher heating costs as oil prices surge and electricity remains expensive. The UK government has allocated just over £17 million (≈$21 million) to assist oil‑using homes, but the per‑household benefit could be as low as £35...
Goldman Sachs lifted its price target on Exxon Mobil to $158 from $150 while maintaining a neutral rating. The adjustment reflects confidence in the oil giant’s fundamentals amid soaring crude prices sparked by heightened Middle East conflict. Exxon reported 2025...
U.S. households face a perfect storm as gasoline prices hit $3.91 per gallon—a 30% jump this year—while residential electricity rates climb to 18.05 cents per kilowatt‑hour, a 21% rise since 2022. Natural‑gas costs remain elevated, and the surge is fueled...
Helpful timeline info from @Amena__Bakr on restart timelines for shut-in production. At lest count Kuwait had already shut in 1.6 MMbpd of production (likely higher by now), roughly 30 million barrels unproduced by end-March. Let's be generous and use 3 months from...
New Zealand’s Marsden Point refinery shut in 2022 was a private business decision, not a direct government order as some politicians claim. The plant had supplied up to 70% of the nation’s fuel before closing, but relied on imported Middle‑Eastern...
The European Commission announced it will postpone the planned EU-wide ban on Russian oil imports that was slated for 15 April, pushing the decision to after the Easter break without setting a new deadline. The delay is attributed to heightened energy...
Scotland’s new 15‑year climate change plan sets a 10‑year horizon before a major heat‑pump rollout, aiming to replace gas and oil boilers by 2045. The plan projects roughly $54 billion in financial benefits and cost savings through 2040, but campaigners argue...
In a 3EDGE Week in Review video, Chief Investment Strategist Fritz Folts and CEO/CIO Steve Cucchiaro examine the geopolitical risks of a potential closure of the Strait of Hormuz. They outline the waterway’s strategic role in global oil transport and...
Goldman Sachs predicts the U.S.–Iran war will keep the global LNG market disrupted through 2027, tightening supply after Iran’s attacks knocked out 17% of Qatar’s export capacity. Higher margins—averaging 200% above historical levels for 2026‑2028—create a favorable backdrop for producers....
NTPC Green Energy has issued a tender for a 100 MW solar photovoltaic plant coupled with a 50 MW/200 MWh battery energy storage system in Jhansi, Uttar Pradesh. The hybrid project targets industrial and commercial users with at least 5 MW demand and aims...
France’s energy regulator, the Commission de Régulation de l’Énergie (CRE), is proposing to tie subsidies for large‑scale photovoltaic projects to the inclusion of energy‑storage systems. The rule change targets installations above 100 kW and aims to curb revenue erosion caused by...
Strait of Hormuz Crisis: Iran’s “Toll Booth” Plan Threatens Global Trade This is a big one, folks. Prof Rob Huebert, @UCalgary, discusses international maritime law and the closure of the Strait of Hormuz. https://youtu.be/nPQMTWEySvE
JUST IN: 🇶🇦 QatarEnergy declares force majeure on LNG contracts with China, Italy, South Korea, and Belgium.
The episode reports that the Philippines has declared a national energy emergency as diesel and petrol prices more than double amid the US‑Israel‑Iran conflict, prompting an executive order that lets the government control fuel distribution, purchase supplies, and subsidise costs....
Iceland’s utility commissions solar-plus-storage for EV charging #energysky -- via pv magazine global: https://t.co/u0t3F82mzK https://t.co/MmyE39exHu
Refiners & Nat Gas Power Higher Lots of clients trading the oil & gas plays, so I reviewed my long rec'd refiner plays & $FCG nat gas index stocks that still look good after some needed digestion. $VLO $PBF $COP $EOG $OXY...
Key progress at new Kwinana hydrogen hub, as nearby bp project remains on pause #energysky -- via Renew Economy: https://t.co/RpfqX2NvC1 https://t.co/dcw3EhMwzM
Three big picture observations about the oil surplus (petrodollars/ petroeuros/ petroequities are all downstream of this) pre Hormuz A) The oil surplus is modest relative to the surplus in Asia. Chinese state banks and offshore deposits of Chinese exporters are...
Soaring oil prices, tight WCS differentials, and a lagging Loonie is a fantastic combination for Canadian oil producers.
TIming is everything. Idiot. Trump administration to pay $1 billion to stop two East Coast wind farms https://t.co/axo9MyWJwU
FTR, I suggested the US look at Abu Musa and the Tunbs as avenues to securing the Straight of Hormuz back on March 5… https://t.co/UU4UsAph4d
The trouble with looking at the current Hormuz crisis through the lens of which countries have historically imported the volumes is that all of these countries will now be rabidly bidding for all the other barrels. A barrel of oil lost...
Even after assuming the release of global oil stockpiles (which can not be sustained), the world is still short over 6 million barrels of oil per day, @Rory_Johnston finds https://t.co/pZBkSir3aa
$BTU Daily. $39 looks like the level to hold above for Peabody, as coal plays are strong across the board today with sound technical charts to boot. https://t.co/n2Llt8kZcs
What of they are giving us Kharg Island? Why would they suddenly be so cooperative? There aren’t many theories out there where this makes any sense… but my sources suggest it may be true.
JUST IN: QatarEnergy facing $20B annual loss after Iranian missile strikes on critical gas facilities
Russia is earning the most from its oil exports since the 2022 Ukraine invasion. https://t.co/71t01Q9mI9 Meanwhile some carmakers are considering buying aluminum from Russia. “We don’t really want to take supplies from Russia but we have no choice” https://t.co/fzAXIO4N0x
Trump said the Iranians that the U.S. is negotiating with gave the U.S. a big gift related to the flow of traffic in the Strait of Hormuz to prove they were the right people to negotiate with.
“Iran holds a lot of cards with the Strait Of Hormuz.” That’s the quote to remember. Geography can be economic power, and “that vulnerability remains pretty much forever.” https://t.co/OoCOYi8LMc
The White House Is Using the Wrong Oil Price for the Iran War. More charts and graphs featured on today's Chartbook Top Links in the comment below. https://t.co/DQwqJc87ve
"$5 Diesel is Crushing Truckers. It Will Soon Be Felt Across the Economy." https://t.co/u6Z4qcVLci https://t.co/m3UrTU1L2r
Update: 10y UST yields (blue, RS1) USDJPY*oil (red, LS) USDCNY*oil (green, RS2) Hormuz is still closed; China still has several years of oil inventories; 10y UST yields are ~20-30 bps from triggering a US & global debt spiral. What happens first? Let's watch. https://t.co/ixdOHnatCg
Factoring in Iran’s “transit” fee. And what it does to the price of oil, LNG, and anything else moving thru the Strait.
Italian solar sector gears up for cybersecurity regulations on PV systems over 100 kW #energysky -- via pv magazine global: https://t.co/uHG0ChzaJN
Ireland announces an energy support package to ease Iran war impact https://t.co/9Vc32FPsKZ via @livfletcher_ https://t.co/91JizNYiIe
