Energy News and Headlines
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Daily
Every morning
Weekly
Tuesday recap
Queensland state‑owned transmission operator Powerlink has lodged a request with the Australian Energy Regulator to raise its revenue cap by 45%, targeting a total of about $3.8 billion USD for the 2027‑32 period. The increase reflects higher spending on grid maintenance, inflation‑adjusted returns, and a larger asset base, with regulatory depreciation alone costing roughly $726 million USD. Powerlink estimates the change will add roughly $5.3 to residential bills and $10.6 to small‑business bills each year. The proposal arrives as the Queensland LNP government touts falling electricity prices, while new transmission projects could further lift consumer charges.
AGL announced a final investment decision on the K2 project, a 220 MW dual‑fuel (gas‑diesel) peaking plant to be built beside its Kwinana Swift facility in Western Australia. The $490 million development includes $185 million for four Siemens turbines and will be financed...
Singapore’s Energy Market Authority will raise household electricity tariffs by 2.1% to S$0.56 /kWh (about $0.41) and the overall tariff by 2.0% to S$0.52 /kWh (≈$0.38) from 1 April to 30 June 2026. The average monthly bill for a four‑room HDB flat rises S$1.80 (≈$1.33)...
Mid‑market investors eye the energy transition, but the so‑called green premium only materialises for firms that master its core fundamentals. Companies that embed robust ESG frameworks, secure regulatory compliance, and adopt proven low‑carbon technologies can command higher valuations and cheaper...
Equitix’s Achal Bhuwania argues that Europe’s clean‑energy transition and its next wave of economic growth will depend on mid‑market infrastructure projects. He stresses that these assets, sized between large‑scale utilities and small‑scale renewables, can deliver the flexibility and speed required...
Australian battery‑storage lenders are rapidly adapting to a market now dominated by merchant‑risk projects, with banks like ING, Société Générale and the CEFC noting that operational and grid risks differ sharply from traditional solar contracts. The financing sweet spot has settled...
FuelCell Energy (FCEL) reported FY2025 revenue of $158.2 million, split among product, generation, advanced‑technology and service streams. By early 2026, more than 80% of its commercial pipeline is linked to AI‑driven data‑center projects, while South Korea module commissioning lifted Q1 revenue...
Australia’s east‑coast gas market is projected to face tight supply conditions during the winter months of Q3 2026, according to the ACCC’s interim gas inquiry report. The balance could swing between a 12 PJ shortfall and a 3 PJ surplus, largely dependent on...
Georgian firm George Oil Ltd signed a contract to import coal, metals and chemical products from the Russian‑occupied Donetsk region, planning domestic use and exports to India and Turkey. The deal arrives despite the EU’s full ban on Russian and...
Saudi Arabia is accelerating its shift from oil to energy storage, earmarking $64 billion in mining revenue by 2030 and targeting 48 GWh of domestic battery capacity. The kingdom aims to challenge China’s dominance by developing lithium‑metal technology and exploiting its own...
Thailand's Oil Fuel Fund, facing a 42.1 bn baht (≈$1.14 bn) deficit, is set to seek a loan of up to 40 bn baht (≈$1.1 bn) from commercial banks. The request follows the formation of Prime Minister Anutin Charnvirakul’s new cabinet, which restores full borrowing...
U.S. airstrikes have repeatedly knocked out electricity in Tehran, marking a shift toward targeting Iran’s civilian infrastructure such as power grids, a pharmaceutical plant, universities, and fuel depots. Iranian officials denounce the attacks as illegal and express deep mistrust of...
PTT Oil and Retail Business (OR) announced a $1.76 bn (58 billion baht) investment plan through 2030, earmarking up to $1.15 bn for its oil and electric‑vehicle (EV) operations. The company aims to expand its EV charging network to serve 7,000 motorists daily...
Microsoft is in exclusive negotiations with Chevron and activist fund Engine No. 1 to secure a long‑term electricity off‑take from a proposed 2,500‑megawatt natural‑gas power plant in West Texas. The $7 billion project, slated for completion before 2030, would supply power to a...
Polar LNG, a newly formed company, has submitted a proposal to build a near‑shore liquefaction plant on Alaska’s North Slope, aiming to export stranded natural gas. The project envisions a $10‑plus billion investment and a 5 million‑tonne‑per‑year capacity, but it currently lacks...
Egypt is courting British oil major BP for new upstream investments to revive its dwindling oil and gas output. The push comes as the country grapples with a severe gas supply crunch intensified by the ongoing Middle East conflict, which...
Crude oil futures ended March with a modest daily decline but posted robust monthly gains, driven by heightened geopolitical tension. The ongoing war in the Middle East and the effective closure of the Strait of Hormuz have constrained supply and...
On March 31, 2026, global crude oil prices edged higher, with Brent crude closing near $85 per barrel and U.S. West Texas Intermediate (WTI) around $80. The rise reflected OPEC+’s decision to extend voluntary output cuts and a modest draw...
May natural‑gas futures slipped slightly, closing at $2.884 per million British thermal units after peaking at $2.977 on Tuesday. Analysts attribute the dip to record U.S. production and a seasonal warming trend. Demand estimates show residential and commercial consumption at...
Energy Intelligence’s March 31 roundup highlights a resurgence of LNG development, with Polar LNG unveiling a near‑shore liquefaction plant on Alaska’s North Slope—an idea dismissed in 2018. Egypt is accelerating upstream gas projects to relieve a regional supply crunch, while...
The Endangered Species Committee, known as the "God Squad," voted unanimously to exempt offshore drilling in the Gulf of Mexico from endangered‑species protections, marking its first meeting in three decades. The decision removes legal barriers for new wells, reviving a...
The Australian government has published 18 initial Consumer Energy Resource (CER) device requirements to steer design and manufacturing of solar inverters, battery storage and electric‑vehicle systems. The guidance focuses on interoperability, ensuring devices can communicate across manufacturers and energy providers...
CSIRO says Australia’s abundant graphite resources present a strategic chance to build domestic battery‑grade processing capability. While global demand for lithium‑ion anodes surges with electric‑vehicle growth, about 95% of refining is done in China, leaving a supply‑chain risk. The agency...
President Hakainde Hichilema urged greater private investment in Zambia’s energy sector, highlighting reforms that are attracting capital and accelerating the country’s push toward a 10 GW power generation target. He said the restructuring of state utility ZESCO and the work of...
Sarens partnered with the Atlantic Canada Bulk Terminal (ACBT) in Sydney, Nova Scotia, to convert the steel‑focused port into a dedicated offshore‑wind hub. The engineering team performed a ground stability study and deployed a high‑capacity crawler crane with a Superlift...
New York Harbor briefly became a net diesel exporter as traders shifted ultra‑low sulfur diesel (ULSD) shipments to Europe. A sharp rise in northwest European jet fuel prices created a price arbitrage window, flipping the usual discount relationship between European...
SLB has signed a three‑year deal with Angola’s largest independent producer, Azule Energy, to broaden the deployment of its Delfi digital platform across the joint venture’s offshore assets. The expanded scope will integrate subsurface data with planning and execution workflows,...
The UK’s AR7 offshore wind auction concluded with significantly lower strike prices, marking a pricing reset that benefits both developers and insurers. Contract values fell to around £70 per megawatt‑hour (approximately $86), reflecting tighter cost structures and improved turbine efficiency....
The Iran‑Israel‑U.S. war has driven Brent crude to its highest level since 2022, rattling global markets. Despite a 5% quarterly dip in the Hang Seng, China’s large strategic crude reserves and aggressive renewable‑energy rollout keep its growth outlook intact. Renewable‑energy...
India’s government is accelerating its clean‑energy transition by bolstering indigenous capacities for critical minerals and technologies. Union Minister Jitendra Singh highlighted the launch of the country’s first permanent‑magnet plant in Visakhapatnam and a dedicated rare‑earth policy to curb imports of...
Algae‑based fuel startups are pitching genetically engineered algae as a breakthrough renewable energy source, promising massive returns. Founders often embellish technical viability to attract venture capital, leading investors to question whether claims are realistic. The article highlights the tension between...
The Texas Public Utility Commission has proposed Rule 16 TAC §25.194, imposing early‑stage site‑control documentation, a $50,000 per‑MW financial security, mandatory disclosure of similar interconnection requests, and a 30‑day deadline to sign an Interconnection Agreement for projects of 75 MW or larger....
Scientists at the National Ignition Facility (NIF) announced a historic ignition event on Dec. 5, 2022, producing more energy from a deuterium‑tritium pellet than the lasers supplied. The breakthrough revives optimism for inertial‑confinement fusion, while magnetic‑confinement tokamaks such as ITER continue to...
Sadara Chemical Company, the Dow‑Aramco joint venture in Jubail, has temporarily halted production after supply‑chain disruptions linked to the US‑Iran war. The shutdown affects its massive ethylene, propylene and polymer output, as well as ethanolamines sold by Sabic and Dow....
U.S. on‑highway diesel rose 3 cents to $5.401 per gallon and gasoline increased 3 cents to $3.990, according to the EIA’s March 31 report. The West Coast saw the steepest diesel jump, up 29 cents, while the Gulf Coast posted modest declines. AAA’s independent...
U.S. energy‑storage installations hit a record 18.9 GW (51 GWh) in 2025, a 52% and 40% increase respectively over 2024, driven largely by a residential surge as tax credits expire. Manufacturing capacity now exceeds domestic demand, with system capacity over 100% and...
India is set to receive its first Iranian crude cargo since 2019, with the Aframax tanker Ping Shun carrying about 600,000 barrels to Vadinar, Gujarat. The shipment follows a U.S. 30‑day waiver allowing Iranian oil sales on the water amid the...
EU Energy Commissioner Dan Jorgensen warned that President Donald Trump’s anti‑offshore‑wind stance has severely disrupted U.S. projects, prompting Europe to position itself as a "safe harbour" for stranded investment. He highlighted that offshore wind costs are falling and are now...
U.S. private‑sector firms, led by LIS Technologies, are rebuilding domestic uranium enrichment capacity to bolster national security and defense energy resilience. The move aims to reduce dependence on Russian and Chinese enrichment services while accelerating fuel‑cycle innovation for advanced reactors,...
Singapore’s Energy Market Authority warned that electricity and town‑gas tariffs will likely rise sharper in coming quarters as global energy costs surge amid the Gulf conflict. SP Group lifted household electricity rates by 2.1% – an increase of S$0.0056/kWh (≈ $0.0041/kWh)...
Swiss analytics firm Pexapark reports that recent LNG strikes in the Middle East are pushing up long‑term power purchase agreement (PPA) valuations across Europe. The conflict creates a structural supply‑side risk that tightens medium‑term fundamentals, especially in markets with limited...
Copenhagen has finished converting its entire municipal bus network to battery‑electric vehicles, with routes 19 and 5C switched on 29 March. The final rollout added 15 electric buses on route 19 and 37 on the capital’s busiest line, 5C, which carries about 17 million passengers...
Advait Energy Transitions Ltd secured four medium‑voltage covered conductor (MVCC) contracts from Paschim Gujarat Vij Company Ltd (PGVCL) worth roughly ₹191.25 crore (about $23.3 million). The orders span Morbi, Bhavnagar, Amreli and Surendranagar districts and cover supply, installation, testing and commissioning. All...
T1 Energy Inc. held its Q4 2025 earnings conference call on March 31 2026, featuring CEO Daniel Barcelo, CFO Evan Calio and other senior leaders. The call opened with standard forward‑looking statements and a reminder that risks are detailed in the company’s Form 10‑K....
National Grid’s Distribution System Operator (DSO) has unveiled a cloud‑based Curtailment Estimator, a self‑serve tool that instantly delivers high‑level and technical curtailment insights. By pulling the latest connections queue, network data, and historic load series, the platform generates bespoke reports...
Suncor Energy disclosed its growth plan at the annual investor day, revealing that its historic Base Plant mine will run out of bitumen by the mid‑2030s. To replace that supply, the company is evaluating two major expansion projects – an...
Engie and its joint‑venture partner La Caisse have approved a £300 million (≈$375 million) first phase to replace two turbine‑generator sets at the Dinorwig pumped‑storage plant in North Wales. The refurbishment, part of a near‑$1.25 billion investment across Dinorwig and neighboring Ffestiniog, aims...
ArcLight Capital Partners announced a deal to purchase roughly 2.2 GW of primarily gas‑fired power assets from InfraBridge, including a 1,362‑MW stake in the Lackawanna plant and a 584‑MW Canadian facility. The acquisition would lift ArcLight’s PJM Interconnection portfolio from about...
Terrasmart has launched the Peak Production Package for its PeakYield solar tracker software, touting a 5 % performance gain over prior versions. The upgrade adds terrain‑aware backtracking, cloud‑responsive positioning, and real‑time production monitoring, and it is DNV‑validated. Designed for both utility‑scale...
Bluetti introduced the EnergyPro 13K residential battery system, delivering 13.2 kW continuous power and a 150 A surge capability. The modular design lets homeowners stack up to four EnergyPack 500 units for a total of 19.2 kWh, while an integrated automatic transfer switch and 155‑A...
