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
The Harry Tompson Center day shelter in New Orleans will receive a 43.8‑kW rooftop solar array through a partnership with nonprofit Everybody Solar. The system, installed on the Rebuild Center campus, is projected to produce roughly 56,347 kWh annually, covering nearly half of the building’s electricity consumption. Annual utility savings are estimated at $4,800, which the three resident nonprofits plan to funnel back into direct services for homeless and housing‑insecure residents. The upgrade aligns with growing efforts to combine climate action with social service funding.
German startup Invertix has introduced a suite of 22 specialized AI "workers" that autonomously handle key operation and maintenance (O&M) functions for photovoltaic (PV) plants. The agents process SCADA telemetry, classify alarms, and perform grid analysis, while escalating high‑risk decisions...
The NeuConnect HVDC interconnector, a 1.4 GW link between Germany and the United Kingdom, is entering a critical construction phase and remains on schedule for a 2028 commissioning. The project includes a 720‑kilometer subsea cable and converter stations at Wilhelmshaven, Germany,...
WTI Peaks and Recessions: $120 (2026), $147 (2008), $130 (2022) - WTI crude oil was near unchanged for the week ending March 20 despite the Strait of Hormuz remaining mostly closed, suggesting a potential topping process reminiscent of 2008. Roughly...
India’s strategic petroleum reserves (SPR) are currently about two‑thirds full, holding roughly 3.37 million tonnes of crude – enough for 9.5 days of supply. The nation’s total SPR capacity stands at 5.33 million tonnes across three underground caverns in Visakhapatnam, Mangaluru and...
Crude vs. 2026 Commodity Pump-Then-Dump Pattern - Front-month US natural gas futures surged roughly 100% to the January peak, then reversed to about a 15% decline by March 20. Will WTI crude oil follow? Silver and copper have also shifted...
The U.S. Department of Energy is promoting regional Nuclear Lifecycle Innovation Campuses that co‑locate fuel fabrication, recycling, reactor testing and power generation. South Carolina is courting the Savannah River Site while Tennessee is leveraging Oak Ridge and Oklo’s $1.68 billion used‑fuel...
The European Commission has launched the Euratom Work Programme 2026‑2027, placing nuclear technologies at the heart of its research agenda. The plan allocates roughly $244 million to bridge fusion energy from labs to the grid and about $119 million for fission safety,...
Etermar Energia has begun building a small‑scale BayFloat floating offshore wind prototype in Setúbal, Portugal, with completion slated for July 2026. The project is financed by Portugal’s Recovery and Resilience Plan and developed together with BayWa r.e., which supplied a reduced‑scale semi‑submersible...
International Energy Agency chief Fatih Birol warned that the ongoing Strait of Hormuz crisis poses a "major threat" to the global economy. The US‑Iran confrontation has nearly halted traffic through the waterway, which carries about 20% of world oil and...
The RENIXX renewable‑energy index slipped 1.4% last week to 1,233.87 points, though it remains up 9.2% year‑to‑date despite soaring fossil‑fuel prices. Solaredge led gains with a 38% share surge after launching its Nexis solar‑plus‑storage system in Germany, while Nordex added...
Quinbrook is moving into the execution phase of its Australian battery storage pipeline and will establish an in‑house construction team to build the projects. The decision responds to a tight labour market that has been hampering infrastructure delivery. By internalising...
BP and its UAE partner ADNOC, through the Arcius Energy joint venture, are launching a multi‑well drilling campaign off Egypt’s Mediterranean coast using Valaris’s DS‑12 drillship. The campaign will target two exploration wells, Atoll West and Nofret, as part of...
TGS has completed a three‑year GeoStreamer X (GSX) acquisition and processing campaign in the Norwegian Sea, delivering the final Dual Azimuth seismic products to its multi‑client base. The effort adds more than 21,500 km² of high‑resolution, multi‑client data to TGS’s licensing portfolio,...
Both the COVID-19 oil shock and the current Middle East oil shock (has) caused big moves in oil prices (Volatility), but for opposite reasons though. In 2020, demand absolutely collapsed because nobody was using or wanted as much oil as...
Avangrid, Iberdrola’s U.S. arm, now operates over 11 GW of installed generation capacity across nearly 100 projects in 25 states. The company produced 25,058 GWh of electricity in 2025, making the United States its second‑largest market after Spain. On‑shore wind, solar and...
HEDGE FUNDS and other money managers purchased the equivalent of 120 billion cubic feet (bcf) in the two major gas futures and options contracts based on prices at Henry Hub in Louisiana over the seven days ending on March 17....
The outage at the world’s biggest LNG export plant in Qatar is apparently benefiting Russia 🇷🇺 ⚠️ Russia’s largest LNG producer Novatek has signed a preliminary deal to supply Vietnam, Tass reported citing CEO Mikhelson (Vietnam is struggling to buy LNG...
UK households may see their annual energy bills jump to nearly £2,000 as Cornwall Insight forecasts the July‑September 2026 price cap at £1,973. This would be a £331 increase over the current £1,641 cap for April‑June, driven by rising wholesale...
Trump just gave Iran 24 hours. Reopen Hormuz. Or face strikes on power facilities. Iran's response: We'll hit every US energy and desalination plant in the Gulf. $SPY is not pricing a full energy war. It should be. https://t.co/wOxm8bXbEC
> Trump threatens to attack Iranian power plants, thrust region further down path of major facility attacks > Crude price flat out of weekend > Trump says now he isn’t going to attack Iranian power plants > Crude price falls $16/bbl https://t.co/e81KQnsv14
The European Commission has cleared a French state‑aid programme that will fund up to 1 GW of renewable and low‑carbon hydrogen electrolysers, starting with a €797 million, 200 MW tender. The scheme offers 15‑year fixed premiums to offset the higher electricity cost of...
Oil and energy commodities tumble after Trump postpones U.S. strikes against Iran energy infrastructure for five days: CNBC https://t.co/nO7poYHdmx
Russian oil facilities by the port of Primorsk now. Yes, it's just me being Zelensky's politruk. https://t.co/hmcD7YMraa
The European Commission has cleared a €5 billion Danish state‑aid scheme to back offshore wind development. The 20‑year program funds two projects—Hesselø (≥0.8 GW) and North Sea I Mid (≥1 GW)—which together could generate about 7.8 TWh annually, roughly a quarter of Denmark’s electricity output....
An off ramp? A TACO? Another bait and switch? Brent cratered ~$16/bbl on Trump’s latest post talking about “very good and productive conversations” with Iran. https://t.co/6dfE8zEiRE
Nepal's state‑run Nepal Electricity Authority announced plans to nearly double its hydropower exports to India to about 1.1 GW this summer. The target could rise to roughly 2.5 GW within two years as new transmission lines come online. The move responds to...
Turkey’s solar capacity hit 25.8 GW by the end of January 2026, marking a record start to the year. The nation added roughly 4.7 GW of solar in 2025, pushing the share of solar in total generation from 0.1% in 2014 to...
Texas LNG Brownsville, a $5.7 billion export project, has appointed Kiewit Offshore Services to fabricate its liquefaction, pretreatment and pipe‑rack modules at the company’s Ingleside, Texas yard. The decision keeps module production in‑state, sidestepping tariffs, heavy‑lift shipping and Panama Canal transit...
RTS Wind Group has named Alexandra Richards as its chief commercial officer, bringing over 14 years of commercial, legal and operational experience in the global energy sector. Richards previously held senior positions at BP, JERA Nex BP and Vattenfall, including...
Gautam Solar has entered Wood Mackenzie’s 2025 Global Top 30 solar module manufacturers and earned the elite Grade A classification, marking it as one of the world’s most reliable and bankable producers. The ranking places the Indian firm alongside dominant Chinese manufacturers,...
Pfft. None of the desanctioned Iranian oil is going anywhere other than China, because only China can shield their payments from SWIFT. All of these masterful gambits assume the Iranians are idiots. They’re evil. Not idiots.
The United Arab Emirates has restarted its Habshan gas‑processing complex, the nation’s largest facility, after a week‑long shutdown triggered by Iranian attacks. The plant now supplies the domestic gas network, drawing fuel from Qatar via the Dolphin pipeline, but the...
Canada’s new government under Finance Minister Mark Carney is eyeing asset recycling – selling a slice of publicly‑owned infrastructure to private investors – to fund its ambitious $280 billion infrastructure budget. Economists estimate that selling just 5% of the $470 billion of...
BYD demonstrated its second‑generation Blade battery surviving a six‑inch nail puncture without entering thermal runaway, contrasting sharply with a conventional NCM cell that erupted into a 500 °C fire. The dramatic nail test, staged for European industrial executives, highlighted the Blade’s...
Iran’s drones struck three Amazon Web Services data centers in the UAE and Bahrain, marking the first confirmed military attack on a hyperscale cloud provider. The incident shatters the assumption of stability that underpinned a multi‑billion‑dollar AI partnership between Silicon...
Swedish investment firm Maha Capital AB announced it will acquire an indirect 24% stake in Venezuela’s PetroUrdaneta, a joint venture operating Maracaibo basin fields. The acquisition follows the U.S. Treasury’s issuance of General License 52, which relaxes sanctions on certain...
Datagrid New Zealand has secured a 15‑year, 140 MW power purchase agreement with Mercury to fuel the first phase of its 280 MW AI‑focused data‑center campus in Invercargill. The deal guarantees roughly 1.2 TWh of renewable electricity annually, providing price certainty and a low‑carbon...
Cybersecurity researcher Mohammad Al Faruque demonstrated that low‑cost magnetic, electrical and acoustic perturbations can manipulate current and voltage sensors in photovoltaic inverters without physical access. Using a $45 kit of Arduino, MOSFETs, Zigbee and an ultrasonic sensor, his team generated controllable...
Three weeks into the Iran‑Israel war, Brent futures have jumped about 50 % to roughly $110 a barrel, yet physical oil prices are rising even faster as supplies tighten. Spot benchmarks such as Oman ($162) and Murban ($145) are soaring, and...
Rajasthan's electricity regulator, RERC, released draft resource‑adequacy rules to replace a 2004 framework and guide a pending 3,200 MW procurement hearing. The proposals arrive amid conflicting forecasts: the Central Electricity Authority sees no extra thermal capacity needed by 2035‑36, while the...
When price rises come from climate disasters or overseas fuel shocks, the main job is to protect people from the worst impacts and to build an economy that is less exposed next time, not to manufacture more unemployment. https://t.co/r8pM3hZEYt @reneweconomy
Malaysia’s Deputy Prime Minister Fadillah Yusof said Petronas is preparing contingency plans to source oil and gas from Australia and other Asia‑Pacific nations as the Strait of Hormuz remains closed due to the Middle East conflict. The closure has pushed...
UK electricity network operators will invest over £120bn by 2050 to modernise the grid and enable low‑carbon power for homes and businesses. The plan targets a 47% reduction in overall energy demand through smarter, more efficient networks. Existing reliability already...
EcoCeres Inc. has launched a sustainable aviation fuel (SAF) pilot program in China, dubbed “Project Spark,” partnering with CASRI, CNAF, China Southern Airlines, Air China Cargo, Sichuan Airlines and Huarong Chemical. The pilot used SAF produced at EcoCeres’ Zhangjiagang plant,...
The electric grid’s rapid electrification and surge of distributed energy resources are exposing blind spots in low‑voltage distribution networks. Utilities are deploying inexpensive, cellular‑ or LoRaWAN‑connected sensors on transformers to capture voltage, loading, harmonics and outage data in real time....
The cruise industry is moving beyond LNG toward truly zero‑emission vessels, with hydrogen fuel cells, biogas, solar sails and large batteries leading the charge. Viking Cruises will launch the world’s first hydrogen‑powered ship, Viking Libra, in late 2026, while Scandinavian...
Compare and contrast US Natural Gas prices to European TTF Natural Gas prices. US prices have barely moved. What was that about there only being one international price for gas 👀 This is what madness looks like with respect to energy policy...
Taiwan's Hai Long offshore wind project installed its first turbine at the Hai Long 3 site, marking a critical construction milestone. The development, located 45‑70 km off the Changhua coast, is a joint venture between Mitsui & Co., Northland Power and Gentari International Renewables and targets...
Power Grid Corporation of India (PGCIL) lifted its FY26 capital expenditure target to ₹35,000 crore, roughly $4.2 billion, and raised its capitalisation goal to ₹25,000 crore (about $3.0 billion). The utility reported that capex to date stands at ₹35,540 crore, 102% of the guidance, while...
