Know What's Happening in Energy
Know What's Happening in Energy
JPMorgan flags $1 trillion U.S. power‑grid upgrade spend amid aging infrastructure
The bank warns that the U.S. grid, averaging nearly 60 years old, faces a national‑security risk and projects roughly $1 trillion in upgrades between 2026 and 2035, part of a $5.8 trillion global spend. Rising AI‑driven data‑center demand could add 100 GW of peak load by 2030, intensifying the upgrade need.
Also developing:
By the numbers: Oil majors secure $164M Alaska lease package
Burundi has signed a three‑year memorandum of understanding with U.S. miners KoBold Metals and Life Zone Metals to explore lithium, cobalt, copper and other critical minerals. The deal, witnessed in Washington, DC, includes a commitment to digitise Burundi’s geological data by July using AI‑driven analysis. KoBold, backed by Jeff Bezos and Bill Gates, will provide expertise to map potential deposits, laying groundwork for future mining investments. The partnership signals a deepening of U.S. involvement in Africa’s resource sector.
India’s energy sector is confronting a "triple challenge" of security, sustainability and affordability, as highlighted by Petroleum Minister Hardeep Singh Puri’s recent Lok Sabha address. The government cited global disruptions – including 124 million barrels of Russian oil on water, a...
Prime Minister Narendra Modi used the NXT Conclave to unveil India’s comprehensive energy strategy, emphasizing expanded domestic infrastructure and reduced reliance on imports. He highlighted a surge in strategic petroleum reserves to over 5 million tonnes, a tripling of LPG connections,...
ERG S.p.A. posted 2025 adjusted revenue of €752 million and EBITDA of €540 million, both up modestly from the prior year. Net profit slipped 11% to €155 million, pressured by higher depreciation and financing costs. The company added roughly 150 MW of new capacity,...
AI is forcing the debate about energy and infrastructure. As hyperscale data centers expand, critics argue they are pushing up electricity demand and prices. Tech companies say they will absorb the costs or invest in alternative energy, but the long-term economics...
Shell reported encouraging initial indications from its Sirius‑1X exploratory well offshore Egypt, which reached its target depth of 2,115 metres. The well, part of a four‑well Mediterranean campaign, leverages data from the earlier Mina West 2 drill to reduce additional exploration risk....
SEB chief commodities analyst Bjarne Schieldrop warned of a “big, big risk” to oil over the upcoming weekend, citing potential damage to Iran’s Kharg island export hub. He noted Brent crude surged 9.2% to $102.4 per barrel, trading near its...
ArcLight Capital Partners has agreed to buy InfraBridge’s 50 % stake in the Invenergy‑managed AMPCI Thermal Power (IATP) portfolio, a collection of 11 power generation assets delivering about 5.4 GW across North America. Invenergy will retain its ownership share and continue operating...
Oil prices have surged above $100 a barrel, prompting wildly different forecasts. The U.S. Energy Information Administration sees prices staying above $95 for two months before falling to $70 by late 2026, while Wood Mackenzie warns of possible spikes to...
California regulators are revising the state’s cap‑and‑invest climate program, extending it through 2045 and tightening the carbon cap by 118 million tons by 2030. The draft shifts free allowances from natural‑gas to electric utilities and aims to generate $180.7 billion in statewide...
Galetech Group, an Irish renewable‑energy developer, announced a £3 million investment in the United Kingdom over the next five years to expand its renewable‑energy services. The funding will enable the creation of up to 30 highly‑skilled jobs by 2030 and broaden...
Sif CEO Fred van Beers warned that offshore wind activity has fallen to a very low level in the short term, despite a healthy long‑term outlook. The Dutch steelmaker posted adjusted EBITDA of €48 million for 2025, up from €38.4 million in...
CATL filed a new WIPO patent detailing a sulfide‑based solid‑state battery architecture that promises 500 Wh/kg energy density. The company has begun pilot production and reports technology maturity at level 4, aiming for automotive‑grade cells by 2027. To support scaling, CATL reserved...
Posco Future M, the battery materials arm of South Korea’s Posco Holdings, has signed a strategic agreement with U.S.‑based Sila Nanotechnologies to co‑develop next‑generation silicon‑based anodes. Sila’s Titan Silicon anode, built from nano‑engineered silicon particles, promises substantially higher energy density...
Hyundai Motor Group’s Indonesian JV with LG Energy Solution, PT Hyundai LG Indonesia Green Power, has teamed up with Zhejiang Huayou Recycling to process both production waste and end‑of‑life EV batteries. The $1.1 billion Karawang plant, operational in 2024, will ship waste to Huayou’s local...
I welcome the formal request just received from Romania to become an @IEA Member From my meetings with its leaders, I know 🇷🇴 has a strong focus on energy security & an ‘all fuels & all technologies’ approach, based on a...
Ashtrom Renewable Energy has closed a $200 million financing agreement with BHI, the U.S. arm of Bank Hapoalim, to fund the El Patrimonio solar project near San Antonio, Texas. Construction began in 2025 with completion slated for 2027. The 370‑megawatt facility will...
UK Energy Secretary Ed Miliband warned that firms will not be allowed to profit from the recent surge in global oil prices caused by Middle East tensions. The Competition and Markets Authority has been placed on high alert to curb...
Taihan Cable VINA, the Vietnamese subsidiary of South Korean Taihan Cable & Solution, has broken ground on a new 400 kV‑class extra‑high voltage cable plant in Dong Nai Province. The 56,200 m² facility is slated to begin operations in 2027, making Taihan...
Iran’s new supreme leader, Mojtaba Khamenei, has pledged to keep the Strait of Hormuz closed, turning the vital oil chokepoint into a geopolitical weapon. The International Energy Agency warns this blockade represents the largest supply disruption in oil market history,...
Tokyo Gas Engineering Solutions (TGES) and IX Renewables have signed a basic agreement to collaborate on offshore wind projects, combining IX's Dutch offshore‑wind expertise with TGES's engineering and regulatory knowledge in Japan. The partnership will pursue engineering, procurement, construction, installation...
The U.S. Treasury issued a one‑month OFAC wind‑down licence, allowing Russian crude already at sea to complete voyages through April 11. The licence is intended to stabilise energy markets amid the Strait of Hormuz crisis that has disrupted Gulf supplies. Broker...
New Oceantic Network research estimates U.S. offshore wind will create $42 billion in steel demand over the next two decades. The sector would require roughly 22 million tons of steel, enough for 239 Golden Gate Bridges. This demand could support 186,600 jobs...
Australian engineering firm Worley has been selected by Chevron to deliver front‑end engineering design (FEED) and procurement services for Cyprus’s inaugural offshore gas project, the Aphrodite field. The scope covers subsea systems, a floating production unit, export pipeline and onshore...
Iran has systematically transformed the Strait of Hormuz into a de‑facto geopolitical checkpoint, deploying naval mines, missile batteries and heightened patrols to control one of the world’s most vital oil arteries. The move coincides with escalating regional tensions and a...
California (15.2 GW) and Texas (14 GW) remain the top U.S. grid‑battery markets, but Arizona’s utility‑scale storage more than doubled to 4.7 GW in 2025, moving it into third place. California added 29% capacity while Texas grew 69% last year, yet Arizona’s percentage...
Westinghouse reached a global settlement with South Korea's Kepco that bars the APR‑1400 reactor from being built in the United States, while the Trump administration is quietly negotiating Korean investment in an American nuclear project. High‑ranking DOE officials met Korean...
Algeria’s economy, heavily dependent on oil and gas, stands to gain as crude prices climb toward $100 a barrel. The surge follows geopolitical tensions, first from Russia’s invasion of Ukraine and now the war in Iran, which have lifted global...
Britain’s government announced a comprehensive overhaul of nuclear planning and regulation, aiming to streamline approvals and cut costs to accelerate new nuclear builds. The reforms, based on the Nuclear Regulatory Taskforce’s recommendations, are slated for completion by the end of...
Taking action on fuel prices Oil price profiteering will not be tolerated, says Miliband https://www.bbc.co.uk/news/articles/crk83e2g65no
At its Hong Kong ceremony, The Battery Show Asia introduced the Women Leaders in Energy Awards, honoring sixteen women across battery technology, EV manufacturing, and clean‑energy infrastructure. Eight received the Energy Changemaker Award for established impact, while another eight earned...
Hong Kong lawmakers are pressing the government to curb soaring fuel prices that have risen sharply since the Middle East conflict began in late February. Esso’s standard petrol is up 6.4% to HK$23.43 per litre, while Sinopec’s price has jumped...
The 1973 oil shock forced Europe to choose between quick fixes and systemic change, and a few nations seized the moment to build lasting clean‑energy foundations. Denmark turned the crisis into a wind‑power boom, the Netherlands institutionalised cycling infrastructure, France...
Gridserve announced four new electric heavy‑goods‑vehicle (eHGV) charging hubs in the North West, East Midlands and South East, raising its confirmed or under‑construction sites to eleven across England. The new locations—Moto Knutsford North, Moto Medway East, Markham Vale Electric Forecourt...
While the rest of the world is playing checkers, Trump is playing smash myself over and over in the balls with a sledgehammer. https://www.nytimes.com/2026/03/12/us/politics/trump-russia-oil-sanctions.html
We've all heard the claim that the Iraq War was a war for oil, but American energy firms barely wanted to touch Iraq after Saddam fell. Things might be shifting now. Full Newsletter: https://t.co/5iqjffXWpl #crudeoil #iraq #chevron #geopolitics https://t.co/tn3Jsb1BTc
Brent crude futures edged higher to $100.64 a barrel on Friday, even as the U.S. Treasury issued a 30‑day licence permitting the sale of Russian oil already stranded at sea. The temporary measure is framed as a market‑stabilising tool that...
NEW ODD LOTS: What War in Iran means for the 'teapot' oil refineries in China. @tracyalloway and I talk to @Erica_Downs_ about what the closure of the Strait of Hormuz means for Chinese energy security. https://t.co/ZdGwLQJV8E
Great @business reporting by @DanielPFlatley on US moves to ease restrictions on buying Russian oil. This is all backwards. Russia and Iran are making money while the Strait of Hormuz is shut and global oil prices spike. Iran's oil exports...
H3 Energy, an ASX‑listed explorer, has hired LAB Energy Advisors to launch farm‑out talks for its Alinya block in South Australia’s Officer Basin. The centerpiece, the Rickerscote prospect, is estimated to contain up to 4.3 trillion cubic feet of gas and...
Kathryn Porter saying our Nuclear Power Station regulations are so insane, there is a policy of improving Radiation Levels with each new Station. Trouble is we now are in a situation where a Worker is exposed to higher Radiation outside...
According to this excellent @WSJ story, Iran is today exporting more oil than before war broke out. That’s insane. First order of business for the US Navy is to stop any and all ship traffic out of Iran. That won’t...
The episode covers three main stories: soaring oil prices above $100 a barrel driven by Middle East tensions, China’s rapid adoption of open‑source AI agents dubbed “raising lobsters” with the OpenClaw platform, and Adobe’s leadership shake‑up amid generative AI competition....
Iran is a gas station posing as an Islamic Republic. Iran's oil exports are reportedly up since war broke out. That's nuts. First order of business must be to blockade Iran's ports. If that hurts China, all the better. Have...
Heat pumps are the most efficient heating technology ever invented. They harvest and compress pre existing heat in the air, ground or water and transport it where it is needed. That energy is all around us. And it does not have to...
COLUMN: The White House is running out of ways to curb rising oil prices. "... My working assumption is that the oil market will add $3 to $6 a barrel to the headline price for every day — every single...
This is a mistake. Northern Europe is one of the hardest places on earth to power with renewables. German winter is long and dark. And as we electrify heat, the greatest electricity demand will be in winter. Nuclear should be...
EU Emissions Trading System (EU ETS) - since its introduction in 2005, the EU ETS has become the central pillar of European climate policy and currently covers around 40% of the EU’s greenhouse gas emissions. https://t.co/gO3sWBwNcg
Thanks for proving how energy insecure oil is and how energy secure renewables powering electric vehicles are. There would be no need for an oil reserve or releasing 172 million barrels of oil to control oil prices in a clean, renewable...
US BESS industry is ‘primed for years of growth’: Enertis Applus+ on financing storage in the FEOC era #energysky -- via Energy Storage News: https://t.co/k8CwkaSf5g
