3 Million Hectares of Unproductive Land Could Fix NZ’s Fuel Instablity
New Zealand possesses up to 3 million hectares of unproductive land, including one million hectares of scrub, that could be converted to short‑rotation forestry for domestic bioenergy production. Bioeconomy Science Institute’s Paul Bennett estimates a feedstock pool of roughly 7 million tonnes of low‑grade wood, enough to replace imported coal, gas and marine fuel. The proposal hinges on an early bioenergy market that would generate demand and attract further biomass investment, while avoiding competition with food, timber or pulp production. The initiative aims to boost energy security, cut emissions and stimulate rural economies.
Strong Winds Boost RWE Earnings
RWE reported a strong first‑quarter earnings beat, with adjusted EBITDA climbing to €1.6 billion ($1.74 billion) and earnings per share rising 25% to €0.85 ($0.93). The uplift stemmed from favorable wind conditions, the commissioning of 2.3 GW of new wind, solar and battery...
Balcony Solar Advances In Colorado As New Legislation Removes Barriers
Colorado Governor Jared Polis signed HB26‑1007, a law that removes utility fees and HOA restrictions on plug‑in balcony solar systems. The legislation, effective Jan 1 2026, caps installations at under 2 kW and requires devices to include anti‑islanding features. Utilities must provide approved...
Eos Energy Enterprises Inc (EOSE) Q1 2026 Earnings Call Transcript
Eos Energy Enterprises reported Q1 2026 revenue of $57 million, a 445% year‑over‑year increase, and a $645 million backlog representing 2.6 GWh of storage contracts. The company posted a gross loss of $44.4 million but improved adjusted EBITDA loss to $68 million, reflecting...
XAI Adds 19 New Gas Turbines Despite Ongoing Lawsuit
Elon Musk's xAI has installed 19 new natural‑gas turbines at its Southhaven, Mississippi data‑center campus over the past two months. The move was revealed through internal emails obtained by WIRED. The expansion occurs while the company faces a lawsuit alleging...
Iraq and Pakistan Strike Iran Transit Deals to Move Oil and LNG Through Hormuz
Iraq and Pakistan have each struck bilateral deals with Iran to secure transit of oil and LNG through the Strait of Hormuz after the U.S.–Israeli war sharply reduced regional energy flows. Iraq arranged safe passage for two very large crude...
Star Catcher Industries Nabs $65M Series A
Star Catcher Industries announced a $65 million Series A round, led by B Capital with co‑leadership from Shield Capital and Cerberus Ventures. The new capital brings the company’s total funding to $88 million. Star Catcher is developing the first space‑based power grid that...
The Missing Link in the US Energy Advantage: Connecting Supply to Demand
The United States now produces oil and natural gas at record levels, but aging permitting processes prevent timely construction of pipelines and export facilities. Growing electricity demand from AI, data centers, and advanced manufacturing is creating a "Demand Decade" that...
Dedicated Fleets’ Push to Natural Gas Engines Speeding Up
Dedicated carriers are accelerating the shift to natural‑gas powertrains as cost parity with diesel becomes evident, especially after recent diesel price spikes. Cummins' X15N engine, launched in 2024, is being fitted to Freightliner, Peterbilt and Kenworth trucks, enabling long‑haul fleets...
€200 Million Siruai Renewable Energy Project Launches in Kenya, First of Its Kind in East Africa
Meridiam and Craftskill Energy have launched the Siruai Renewable Energy Project in Kenya, a €200 million ($218 million) investment that pairs 100 MW of wind capacity with a 50 MWh battery storage system. The hybrid wind‑storage facility, located near the Kipeto Wind Farm in...
Fluence Energy Signs Master Supply Agreements with Two ‘Major’ Hyperscalers
Fluence Energy announced master supply agreements with two major, unnamed hyperscalers, marking early progress on its data‑center strategy. Despite a Q1 net loss of $29 million and revenue below forecasts, the company reported a record $5.6 billion order backlog, up 11% and...
US to Unveil New Data Spotlighting Hormuz, Global Reserves
The U.S. Energy Information Administration announced a new quarterly report that will begin publishing on May 13, providing detailed data on global strategic petroleum reserves and LNG flows through key shipping chokepoints such as the Strait of Hormuz. The datasets are...
AEGIS, Quantum eMotion, and SEETEL Launch Quantum-Secured Energy Platform
Aegis Critical Energy Defence, Quantum eMotion, and SEETEL New Energy have expanded their partnership to launch a quantum‑secured Battery Energy Storage System platform. The solution embeds Quantum Random Number Generator encryption into the hardware, protecting against “harvest now, decrypt later”...
Taipingling Nuclear Power Project Begins Unit 4 Construction in $17 Billion China Energy Expansion
China’s Taipingling nuclear power project entered a new construction phase on May 10, 2026 as workers poured the first safety‑related concrete for Unit 4. The $17 billion, six‑reactor Hualong One complex in Guangdong aims to deliver roughly 7.2 GW and more than 55 billion kWh of clean...
Siemens Plant Goes Carbon Neutral with Solar Microgrid
Siemens has installed a 1.25 MW solar carport and a 3.9 MWh battery storage system at its Wendell, North Carolina plant, creating an on‑site microgrid. The system makes the facility carbon‑neutral and trims grid consumption by roughly 2.5 MWh each year. It also...
EIA: Prolonged Strait of Hormuz Disruption Reshapes Global Oil Markets
The U.S. Energy Information Administration revised its outlook in May, now assuming the Strait of Hormuz will stay effectively closed through late May with a gradual reopening in early June. Brent crude spot prices surged to an average of $117...
Five Reasons Why Oil Prices Haven’t Surged Higher Despite the Iran War
The Iran‑triggered war has removed roughly one billion barrels of oil from the market, the largest supply shock in history, yet Brent and U.S. crude futures remain near $108 and $101 per barrel respectively. Analysts point to a pre‑war global...
Titan Charters United LNG I Bunker Vessel
Titan Clean Fuels, now owned by Molgas Energy Group, has chartered United LNG I, a 135‑meter inland‑waterway bunker vessel launched in December 2025. The ship can transport up to 8,000 cubic meters of LNG, liquefied biomethane and, eventually, renewable e‑LNG...
Ramokgopa Promises ‘Sequenced’ Roadmap for Wholesale Electricity Market Roll-Out
South Africa’s Electricity and Energy Minister Kgosientsho Ramokgopa announced a "sequenced" implementation roadmap for the South African Wholesale Electricity Market (SAWEM), pushing the market launch to the third quarter of 2026. The roadmap will detail regulatory milestones, pricing mechanisms, governance,...
Ethiopia Energy Project: China’s Ming Yang Secures License for $15 Billion Renewables
China’s Ming Yang Smart Energy Group secured a near‑$15 billion renewable‑energy investment license from Ethiopia’s Investment Commission, expanding an earlier $10 billion deal. Phase One allocates $7.47 billion to build 8.4 GW of solar‑wind capacity across South Omo, Afar and Somali regions. Phase Two earmarks $7.3 billion for...
Con Edison to Spend $29B Shoring up NYC Area Grid as Electrification Rises
Consolidated Edison announced a $29 billion capital plan through 2030 to upgrade substations and other grid assets across New York City and its suburbs. The bulk of the spend—about $27.2 billion—targets its primary utility, CECONY, while Orange & Rockland will receive roughly...
Trump’s Ceasefire Warning Sends Oil Prices Higher Again
President Trump’s warning that the Iran cease‑fire is on “life support” sent Brent crude back toward $110 a barrel, reviving price gains of about 3% this week. Gulf producers, still repairing drone‑damaged facilities, now expect full output recovery only by...
Shell Allots up to P3 Billion for 2026 Capex
Shell Philippines is maintaining its 2026 capital expenditure between $36 million and $54 million, focusing on upgrading its import terminal and related infrastructure. The bulk of the budget will support terminal efficiency, while the remainder funds the expansion of the company’s mobility...
Suriname’s Delayed Oil Boom Is Finally Ready for Takeoff
Suriname’s offshore oil sector is poised for a breakthrough as the $10.5 billion Gran Morgu project reaches 50% completion and targets first oil in 2028. The development, led by TotalEnergies and APA, will produce 220,000 barrels per day with breakeven costs...
PM Modi’s UAE Visit to Focus on India’s Energy Security: MEA
Prime Minister Narendra Modi will travel to the United Arab Emirates on May 15 as part of a five‑nation diplomatic tour, with the primary agenda of bolstering India’s energy security amid escalating West‑Asia tensions. The talks will focus on establishing...
AI’s Supply Chain Problem
In December PJM Interconnection missed its summer 2027 reserve target by about 6,600 MW, a shortfall driven largely by AI data‑center growth that accounts for 94% of projected load. The shortage exposes the lagging pace of power‑infrastructure build‑out—large transformers take roughly...
Star Catcher Company Profile: Space Power Infrastructure for the Next Orbital Economy
Star Catcher Industries, a Jacksonville‑based space‑infrastructure startup, is developing the first orbital power‑as‑a‑service network that beams concentrated solar energy to satellites using their existing solar arrays. The company announced a $65 million Series A on May 12, 2026, bringing total capital to $88 million...
DNV Revises Down Hydrogen Outlook
DNV’s Energy Transition Outlook Hydrogen to 2060 trims its mid‑century hydrogen demand forecast by 35% after a series of policy setbacks and faster electrification progress. The report still sees the maritime sector as the single largest demand source, contributing roughly...
Improving Energy Transition Assessments with Regional Pathways
Rocky Mountain Institute (RMI) is piloting a Transition Pathways Repository for Southeast Asia’s power sector, cataloguing nearly 60 region‑specific scenarios from 17 publications. The repository reveals a richer than expected pathway landscape, with most models delivering granular technology‑level capacity and...
India Has Adequate Stocks of Fuel Supply, but OMC Losses Could Hit ₹1 Lakh Cr: Minister of Petroleum and Natural...
India’s fuel stocks remain robust, with roughly 60 days of crude and LNG and 45 days of LPG reserves, even as the Strait of Hormuz disruption persists. However, oil‑marketing companies (OMCs) are hemorrhaging about ₹1,000 crore ($120 million) a day, and could...
India Gets Its UPI for EV Charging as Kumaraswamy Unveils Unified Bharat E-Charge
Union Minister H.D. Kumaraswamy launched Unified Bharat e‑Charge (UBC), dubbed the “UPI for EV charging,” a government‑backed, NPCI‑supported platform that lets Indian EV owners locate, book and pay for charging across public networks through a single app. The system, built...
TerraVolt Inks Natural Gas Supply Deal for Onsite Power Plant at Planned Data Center Campus in Idaho
TerraVolt Infrastructure, a CalEthos subsidiary, signed a firm natural‑gas supply agreement to fuel an onsite power plant for its planned 200‑240 MW data‑center campus in southeast Idaho. The unnamed supplier will deliver 55,000 MM Btu per day and provide fuel‑management services to...
Integrated Policy Tools to Solve the Renewable Energy Siting Crisis
A new white paper proposes that state policymakers and solar developers replace traditional property‑tax frameworks with contractual tools to ease renewable‑energy siting. It highlights that 20‑24% of local governments already impose bans or moratoriums, stalling gigawatts of solar and storage...
Spinout Scores Funding for Clean Data Centre Energy Tech
H2CHP, a Durham University spinout, has secured a £1.5 million (~$1.9 million) investment round backed by Innovate UK, Blackfinch Ventures and Northstar Ventures – the first Durham spinout funded by the £22.5 million (~$28.8 million) North East Spinout Inspire Fund. The company’s free‑piston linear...
USA Oil, Gas Workforce Hits Lowest Level Since 2022
BLS data released in April 2026 shows employment in the U.S. oil and gas extraction industry slipped to 115,200 workers, the lowest count since August 2022. The figure follows a modest decline from 115,900 in March and continues a two‑year trend of...
‘It Is Coming, and It Is Coming Big’: Uday Kotak on Oil Price Shock
Billionaire banker Uday Kotak warned that India’s oil‑price shock from the West Asia war is about to hit the economy hard. While retail petrol has stayed at ₹94.77 per litre (~$1.14) for 18 months, oil‑marketing companies are absorbing daily losses of up...
Tiny Move in Benchmark Diesel as Futures Prices Start to Shift Higher
The U.S. diesel benchmark slipped 0.1 cent to $5.639 per gallon, the smallest possible move after a 28.9‑cent surge last week. Brent crude futures reversed a downtrend, climbing 2.9% to $104.21 on Monday and reaching $107.41 on Tuesday, a $3.20...
Moscow Keeps Oil Price Forecast Flat
Russia’s Ministry of Energy reiterated its 2024 oil price forecast, keeping it flat despite a recent surge in Brent and WTI prices. The price spike is driven by heightened geopolitical risk in the Middle East, particularly concerns over navigation through...
Pres. Trump: Ships Are Coming to Texas and Louisianna to Load up with Oil
President Trump highlighted a surge in oil shipments from Texas and Louisiana, framing it as a win for U.S. exporters and energy producers. While export volumes are climbing, the national average gasoline price has risen to $4.50 per gallon, up...
Diplomacy Falters as Hormuz Crisis Edges Toward Escalation
President Donald Trump dismissed Iran’s latest reply to a U.S.-backed de‑escalation plan, deepening the diplomatic deadlock over the Strait of Hormuz. Both Washington and Tehran continue to signal willingness to negotiate on sanctions relief, uranium enrichment limits, and shipping freedoms,...
Scottish Onshore Wind Forum Launches
The Scottish On‑shore Wind Developers Forum was officially launched, uniting major developers such as Cubico Sustainable Investments, Low Carbon and EDP, which together hold a pipeline exceeding 6 GW. The group will lobby policymakers and regulators to secure investment and clear...
Petronas Inks 20-Year Charter Deal for 5 LNG Carriers
Petronas and Malaysia‑based MISC have signed a 20‑year time charter for five new LNG carriers, with deliveries slated for 2029‑2030. MISC will oversee shipbuilding in Shanghai, then operate and manage the vessels, integrating project management and commercial services. The tankers...
EU Commission Proposes Adding €4 Billion in Carbon Allowances to Industry in ETS Update
The European Commission has proposed an update to the EU Emissions Trading System (ETS) benchmark values for 2026‑2030 that would add roughly €4 billion (about $4.3 billion) in free carbon allowances for industry. The proposal expands free allocation to indirect emissions from...
Wavepiston Files Permits for Gran Canaria Wave Energy Pilot, Signs MoU in Iceland
Danish wave‑energy developer Wavepiston and Spanish partner Bluenewables have filed all required permits for a pilot wave‑energy farm on Gran Canaria’s northern coast, marking a key step toward commercial deployment. The firm also signed a memorandum of understanding with Icelandic...
Alsym Energy Announces 500MWh Sodium-Ion Strategic Partnership in California
Alsym Energy and Juniper Energy have sealed a strategic partnership to deploy 500 MWh of sodium‑ion battery energy storage systems across California, focusing on the Mojave Desert and other high‑temperature sites. The Na‑ion technology operates up to 50 °C, sidestepping the shutdown...
Constellation Energy Enters 5 GW of Nuclear, Gas, Battery Capacity in PJM Queue
Constellation Energy reported a pipeline of 5 GW of nuclear uprates, gas‑fired generation and battery storage awaiting placement in the PJM Interconnection queue. The company is holding off on advancing projects until PJM clarifies rules on load colocations and a proposed...
Costco Has a Powerful Weapon as Gas Prices Rise
U.S. gasoline prices climbed to a $4.55 national average in early May, the highest level since 2022. As drivers seek cheaper fuel, Costco’s gas stations, priced roughly 10‑30 cents below street rates, are drawing increased foot traffic. The retailer’s business...
Norway O&G Revenue Forecast Jumps 30% for '26
Norway’s government raised its 2026 oil and gas revenue forecast by 30%, projecting 721.1 billion crowns (about $78.7 billion) after higher energy prices sparked by the Iran‑Russia conflict. The ministry now expects crude oil to average $91 per barrel and natural gas...
ExxonMobil Stock Pulled Back 15%. Is It Time to Buy the Dip?
ExxonMobil’s stock slipped about 12% from its recent high as oil prices eased to roughly $100 a barrel after a surge driven by the Iran conflict. The dip comes despite the company’s strong position with low‑cost, high‑quality assets in the...
Woodside Mounts Browse LNG Offensive
Woodside Energy is accelerating its political push for the long‑delayed Browse LNG project as Western Australia faces a key environmental decision later this year. The company argues the project is essential for the state’s energy security and export growth. Browse...