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
Tesla Energy Ventures Ltd. received an Ofgem licence to supply electricity to homes and businesses across Great Britain, effective 6 p.m. on March 12, 2026 after a seven‑month review. The approval lets Tesla sell power directly to UK customers, complementing its existing fleet of over 250,000 electric vehicles and thousands of Powerwall storage units. The move follows Tesla’s global energy push, where it held roughly 15% of the worldwide battery‑energy‑storage‑system market in 2024 and 39% of the North American share. The licence arrives as competition from Chinese storage firms such as Sungrow intensifies in Europe.
The Global Renewables Alliance (GRA) is urging policymakers to fast‑track solar, wind, hydro, geothermal and storage projects after Iran’s closure of the Strait of Hormuz sent oil and gas prices soaring. The trade body cites the current Middle East shock...
The UK government will introduce a new system to prioritize data‑centre connections to the National Grid after a 460% surge in speculative applications created queues with waits of up to 15 years. The scheme will give AI data centres, AI...
Futures slipped 60 basis points as oil prices stay elevated, driven by tanker incidents in Iraqi waters, Oman's export‑terminal clearance, and Chinese refiners canceling cargoes. Asian equity markets opened lower, with the Nikkei and Taiwan indices down over 1%, while...
U.S. Energy Secretary Jennifer Wright said Iran‑related naval operations in the Strait of Hormuz will last weeks, not months, and that a U.S. Navy escort for commercial tankers is expected by the end of the month. Washington is working with allied...
A new study by the Federal Association for New Energy Industry, based on research from the University of Göttingen and the University of Cologne, examined five German solar parks over 18 months. It found that vegetation growing under and between...
A Frontier Economics study finds Germany’s 20% offshore wind over‑planting rule is economically inefficient, recommending a target of 5‑10% overall and 2.5‑5% per project. The rule, intended to lower grid‑connection costs, would instead raise overall project expenses and cause 3‑4%...
German Economy Minister Katherina Reiche plans to end feed‑in tariffs for small rooftop photovoltaic systems, prompting claims that the state saves billions by cutting a 7‑8 cent/kWh subsidy. In reality, the EEG scheme settles the difference between market prices and a...
Russia added roughly 100 MW of solar in 2025, bringing total installed capacity to about 3.1 GW. The increase follows the government’s capacity‑supply agreement framework that guarantees long‑term payments for utility‑scale projects. GlobalData forecasts annual additions of around 200 MW, pushing cumulative solar...
India’s renewable share is accelerating, prompting industry leaders to flag storage and system flexibility as immediate priorities. The grid now experiences an estimated 80 GW swing between low‑demand and evening‑peak periods once solar and wind are accounted for. Leaders at the...
The episode examines the geopolitical shock to oil markets as the IEA releases a record 400 million barrels from strategic reserves amid the Strait of Hormuz crisis, noting that the move failed to lower prices and also threatens fertilizer supplies, driving...
Zelestra has placed its 19 MWdc Villamañán solar plant in León, Spain into full commercial operation, completing the trio of projects delivered under a long‑term virtual power purchase agreement (vPPA) with Graphic Packaging International. The facility will generate roughly 28,700 MWh of...
Liontown Resources, backed by Gina Rinehart’s near‑20% stake, is operating the Kathleen Valley lithium mine with an 80% renewable energy mix. The hybrid power plant—30 MW wind, 17 MW solar and a 17 MW battery—has reduced diesel to roughly 4‑5% of total operating...
The US‑Israel war against Iran has already rattled global commodity markets, tightening supply chains for oil, fertilizers, chemicals and several metals. BMO Capital Markets notes oil prices spiked toward $120 per barrel before settling near $90, while nitrogen fertilizer costs...
Arup has been selected to deliver early‑phase foundation engineering and design support for the Wylfa small modular reactor (SMR) project on Anglesey, the UK’s first SMR site. The scheme, led by Great British Energy – Nuclear, targets up to 1.5 GW...
Researchers at Tohoku University have created a yttrium‑doped nickel‑ceria catalyst (Ni₁Ce₁₋ₓYₓOα) that dramatically improves ammonia decomposition into hydrogen. The yttrium addition generates stable surface oxygen vacancies and tunes the electronic structure around nickel sites, lowering reaction energy barriers. The optimized...
Ormat Technologies has renegotiated its power purchase agreements for the 15 MW portion of the Casa Diablo IV geothermal plant, extending the contracts to 2037. The new "blend‑and‑extend" deals raise the electricity price by roughly 27 percent and increase each off‑taker’s commitment...
A RenewableUK‑commissioned report urges the UK government to treat energy security as a core component of national security. The study, conducted with Public First and the Royal United Services Institute, warns that reliance on imported fossil fuels leaves the country...
FuelCell Energy reported a 61% year‑on‑year revenue increase to $30.5 million in Q1 FY2026, driven primarily by a surge in its product business and higher service contract sales. The product segment leapt from $0.07 million to $12 million, while power‑generation revenue slipped slightly....
Oil prices surged on Thursday as Iran intensified attacks on oil and transport infrastructure, reigniting fears of prolonged disruption through the Strait of Hormuz. Brent futures jumped 6.47% to $97.93 a barrel, briefly touching $100, while U.S. WTI rose 6%...
National Grid’s Grain to Tilbury project has launched a 271.5‑ton tunnel boring machine, named Caroline, to excavate a 2.2 km, 4‑metre‑diameter power tunnel beneath the River Thames. The TBM employs a “flying launch” technique, with an initial excavation rate of 0.9 m...
European carbon allowances (EUAs) stayed flat around €70 despite a sharp 40‑70% rise in Dutch TTF gas futures triggered by the Middle‑East conflict. Gas prices jumped from €31 to over €45 in early March, normally prompting coal‑fuel switching and higher...
Researchers have converted common red brick into a Fe2P‑based cocatalyst sheet that serves as a scaffold for semiconductor particles, creating monolithic photocatalysts for solar water splitting. The CdS‑Fe2P/RB monolith delivers a visible‑light hydrogen evolution rate of 7.7 mmol g⁻¹ h⁻¹ and an apparent...
Researchers introduced iron atoms into molybdenum phosphide (MoP) to generate phosphorus vacancies, forming a dual‑functional catalyst for solar‑driven hydrogen production. The Fe substitution replaces Mo sites, creating electron‑trapping vacancies while Mo atoms serve as hole traps, markedly improving charge separation....
State and local governments across the U.S. are filing climate lawsuits against major oil majors, seeking compensation for billions in damage caused by fossil‑fuel emissions. The Supreme Court recently agreed to hear Exxon Mobil’s petition to block a Colorado wildfire...
Solar Energy Corp. of India (SECI) has opened a tender for 1 GW of round‑the‑clock renewable power projects, mandating integrated energy‑storage systems. The projects will follow a build‑own‑operate (BOO) model and attract 25‑year power purchase agreements with Indian distribution companies. Bidders...
Fervo Energy is commercialising enhanced geothermal systems that use horizontal drilling and rock fracturing to access heat reservoirs up to 12,000 feet deep. The startup has cut per‑foot drilling costs by more than 70 percent, reaching $400 per foot, and projects electricity...
The U.S. battery sector, once a hotbed of startups and lofty valuations, is now facing a wave of closures, highlighted by 24M Technologies’ liquidation after a peak valuation above $1 billion. 24M’s cost‑saving electrode‑on‑metal process and high‑energy‑density cells promised a 1,000‑mile...
German Fraunhofer FKIE researchers unveiled PowerRange, a virtual cyber‑range that lets power‑grid operators test defenses against realistic attacks. The platform models both traditional centralized networks and renewable‑heavy, decentralized grids, integrating IT, OT and control‑room environments. It supports multi‑stage scenarios—reconnaissance, lateral...
Barcelona‑based Delfos Energy closed a €3 million seed extension, bringing its total funding to €10 million. The round, led by new investor Vox Capital/COPEL alongside existing backers, supports the company’s AI “virtual engineer” platform that now monitors over 1,000 renewable‑energy sites across...
The Department for Energy Security and Net Zero awarded more than £70,000 in solar‑panel contracts for schools to Amelio Enterprises, a firm owned by Good Energy. The deals were processed by Crown Commercial Services under the Great British Energy scheme,...
Exus Renewables North America has secured a multi‑year agreement to manage 437 MW of utility‑scale solar assets in Texas for Nuveen Infrastructure, expanding its regional portfolio to over 3.3 GW. The contract covers technical oversight, financial performance tracking, and operational strategy for...
“Our rules of thumb are that a sustained 10% increase in oil prices boosts headline and core PCE inflation by 0.2pp and 0.04pp, respectively, while lowering GDP growth by around 0.1pp. The growth impact from a temporary price increase that...
It's pretty amazing that the Trump administration only bought 20MN barrels of oil given oil averaged in the low 60's.
Eni’s renewable arm Plenitude and Seya Group’s Methagora have signed a 15‑year agreement for the supply of 50 GWh of biomethane per year from French production. Methagora, which converts existing biogas sites into certified biomethane, has already delivered 35 GWh and plans...
The War Escalates and Markets are Unimpressed with IEA Oil Move: The Middle East war is escalating. The market seems unimpressed with the announcement that strategic oil reserves will be released. The announcement is light on details, such as pace...
Iran says it hit an American tanker. If true…. Iraq has spent the last few days upping the danger for ships. The global risk keeps increasing for ships, crew, and cargo. The Strait of Hormuz and no safe movement...
Oil is the lifeblood of the global economy. The system just had a heart attack. The Iran War could become the most consequential geopolitical blunder by an American president in modern history. LINK👇 https://t.co/Tx2sjAvFjq #IranWar #OilMarkets #StraitOfHormuz #EnergyCrisis #EnergySecurity #Geopolitics #GlobalEconomy #OilShock #EnergySystem #SystemicRisk
Pleased to host @AfDB_Group President Sidi Ould Tah at @IEA HQ for a discussion on key African energy priorities – including clean cooking & ensuring African countries benefit from their mineral resources Looking forward to working together on @IEA’s Clean Cooking...
10-11 days into this it feels like a good-ish outcome would be getting out of this with only 500 million barrels of lost oil production?
Energy Secretary Wright says U.S. ‘not ready’ to escort tankers through Strait of Hormuz yet. CNBC
Another problem if Oman's ~0.7 Mb/d of oil exports are also interrupted even though outside Hormuz
What happens with oil prices is all about whether risk premia are accurately priced. Initially, markets were massively complacent. Then there was all-out panic. Now, at between $90-100 per barrel, we're accurately pricing risk of a serious disruption... https://t.co/evJVri93wZ https://t.co/EZteEvaeo1
The Strait of Hormuz remains essentially closed to ship traffic because of Iran's attacks. Every Iranian attack is a negotiation. Iran knows it has leverage and is trying to end this war on favorable terms. Only way out is for...
There are so many VLCCs oil tankers in the Gulf of Aden right now that one could walk from Djibouti to Socrota island wihtout getting their feet wet. (... and no, contrary to some social media posts, the Houthis have...
If the conflict lasts, Indonesia will raise fuel prices, which is what it did by end 2022 as the subsidy rose by 30bn…
The IEA says the war in turning into the biggest oil disruption in world history https://t.co/UJZqGyrhUP
What are the consequences for energy markets and the transition of a potential long disruption to the Strait of Hormuz? TLDR: It’s a *lot* easier to replace 20% of LNG (15% of natgas supply) with wind and solar than it...
Private sector developers still have time to apply to the Salone Off-Grid Renewable Energy Acceleration (SOGREA) initiative & expand #minigrids in Sierra Leone. This is your opportunity to bring #cleanenergy to rural communities across #SierraLeone. https://t.co/L7hHvfJL6X https://t.co/gUvk2zDlt0
Energy policy déjà vu in Europe. Oil reserve release. Gas price cap debate. State aid on the table. The toolkit looks like 2022 because fossil fuel dependence remains. Renewables and electrification reduce exposure. Crisis management does not. https://t.co/PhWMbn21b8
