Exclusive: Meridian Global Nears Controlling Stake in Cygni Energy with Fresh Funding
Meridian Global Ventures is poised to acquire a controlling 49.23% stake in Indian battery‑storage startup Cygni Energy after a fresh Rs 60 crore (~$6.4 million) infusion. The capital raise, executed via 416,667 compulsorily convertible preference shares, lifts Cygni's post‑money valuation to roughly Rs 244 crore (about $29 million). The funding will fuel expansion of its lithium‑ion battery packs and broader clean‑energy solutions. Despite the cash boost, Cygni’s FY25 revenue slipped to Rs 38.4 crore (~$4.6 million) and losses widened to Rs 8.64 crore (~$1.0 million).
$10 Billion US LNG Project Comes Online in Texas: One Train Down, Two More Left on McDermott and Chiyoda’s List
U.S. EPC firms McDermott and Chiyoda have completed construction and commissioning of Train 1 at the Golden Pass LNG export terminal in Sabine Pass, Texas, marking the project's first LNG production. The $10 billion joint venture, owned 70% by QatarEnergy and 30%...
Energy Crisis: Why ‘Keep Calm but Cut Down’ May Be a Better Message for Labour
Labour’s recent communications on the emerging energy crisis have leaned on the traditional “keep calm and carry on” mantra, even as oil prices surge due to the Iran‑Russia conflict and global supply is expected to fall about 20%. The party...
NSE Collaborates with IGX to Launch Natural Gas Derivatives. Check Details Here
The National Stock Exchange (NSE) has secured SEBI approval to launch Indian Natural Gas Futures in partnership with the Indian Gas Exchange (IGX). The contracts will be based on IGX’s benchmark GIXI price index and will initially offer twelve monthly...
Metafuels Awarded €1.92M to Develop Rotterdam E-SAF Project
Swiss sustainable aviation fuel company Metafuels secured a €1.92 million (≈ $2.1 million) grant from the Netherlands Enterprise Agency for its Rotterdam e‑SAF project, administered through its Dutch subsidiary. The funding will finance front‑end engineering, permitting and commercial preparation for the Turbe plant,...
Japan’s First Capacity Market-Contracted BESS Brought Online by Hexa Energy
Hexa Energy Services inaugurated Japan’s first operational battery energy storage system (BESS) with a capacity‑market contract at the 30 MW/130 MWh Tagawa facility in Fukuoka, co‑located with a 2 MW solar plant. The project, which began commercial operation in November 2023, was celebrated...
Should You Book Holiday Flights Now Considering Jet Fuel Price Spikes?
Global jet‑fuel prices have surged, with the International Air Transport Association reporting an average of $195.19 per barrel and the U.S. Argus index exceeding $4.60 per gallon—more than double pre‑conflict levels. The spike is forcing airlines to trim capacity, with...
Rethinking Power: How Cordless Innovation Is Transforming Field Work
The oil and gas sector is shifting from generator‑driven tools to battery‑powered, cordless solutions such as Milwaukee Tool’s MX FUEL™ Electrofusion Processor. Advances in lithium‑ion batteries now support high‑energy tasks, eliminating noisy generators and extensive cabling. Integrated digital tracking and swappable...
Volvo Trucks Begins Road Testing Hydrogen Combustion Trucks
Volvo Trucks has begun on‑road testing of heavy trucks powered by hydrogen combustion engines using High Pressure Direct Injection (HPDI) technology. The HPDI system injects a small amount of ignition fuel before hydrogen, delivering higher efficiency and power than conventional...
Preparing for a Covid-Style Crisis
The European Union is weighing a Covid‑style emergency framework to tackle a looming energy crisis sparked by the war in Iran, including joint procurement of gas and electricity. EU officials have convened rapid meetings to align policy responses, borrowing tactics...
German Economy Minister Urges Nuclear Power Rethink as Energy Prices Soar
German Economy Minister Robert Habeck urged a swift rethink of the country’s nuclear phase‑out as wholesale electricity prices surged to record levels. He argued that extending the operating life of the remaining six reactors could provide immediate price relief and...
A Post-American Persian Gulf?
The U.S.-Israeli war with Iran has slashed oil and LNG flows through the Strait of Hormuz to roughly five percent of normal levels and damaged Qatar's Ras Laffan LNG plant, threatening a $20 billion annual export loss. Gulf states face immediate economic...
How States Are Powering America’s Clean Energy Future
In a CleanTech Talk episode, Dylan McDowell, CEO of the National Caucus of Environmental Legislators, and Hawaii State Senator Chris Lee discuss why state‑level action is now critical to America’s clean‑energy transition. They highlight how hands‑on learning programs and legislative templates are...
A Fair Energy System Is Worth Fighting for, but without Playing the Solar and Battery Blame Game
The SwitchedOn podcast highlighted concerns that rooftop solar and battery owners may be shifting electricity costs onto non‑solar households, especially renters and low‑income families. While the argument points to perceived unfairness, it overlooks solar’s system‑wide benefits such as lower wholesale...
Arena-Backed Green Hydrogen Plan Disappears From Queue for Federal Environmental Approval
The Edify Green Hydrogen Project (EGH2), a $137 million AUD (~$90 million USD) initiative to create a 17.6 MW electrolyser and 21 MW solar‑battery hub in Townsville, has been withdrawn from the federal EPBC environmental assessment queue after more than two‑and‑a‑half years. The project...
The Rise of Hydrogen in Short Sea Shipping
Hydrogen fuel‑cell technology is moving from demo projects to early commercial use in short‑sea shipping, where vessels like ferries and workboats need flexible, low‑emission power. Operators are adopting on‑demand hydrogen generation to avoid large storage tanks and under‑developed bunkering infrastructure....
India Pulls Back Jet Fuel Price Hike; Commercial LPG Prices up Around ₹200 as Oil Scales $105
Indian Oil Corp (IOCL) rolled back an initially announced 100% hike in aviation turbine fuel (ATF) for domestic airlines, setting the price at ₹1,04,927 per kilolitre (≈ $1,260), about an 8.5% rise from March. The ministry limited the increase to a...
Meloni-Backed Biofuels Project Under Scrutiny Following New Investigation
An investigation by SourceMaterial, Politico and Transport & Environment reveals that Eni’s Italian‑government‑backed Kenyan biofuels project is failing to deliver on its promise of locally grown non‑edible crops. Despite a $210 million public investment intended to support 200,000 small‑scale farmers, trade data shows...
Hydrogen Trucks In China Are A Policy Side Bet, Not A Market Winner
Battery‑electric heavy trucks now command about 22% of China’s heavy‑truck market, with 230,000 units sold in 2025, while cumulative hydrogen fuel‑cell truck sales total only around 40,000 units. Battery‑swap corridors, such as CATL’s 300‑station network, cut operating costs to roughly...
Pacific Islands Energy Crisis: One Country Faces Fuel Import Bills Three Times Its Healthcare Budget
The war in the Middle East has pushed Brent crude above $100 a barrel, threatening diesel‑dependent Pacific economies. Fiji could see its imported fuel bill jump $670 million by 2025—about three times its annual healthcare budget—while Vanuatu faces a potential $120 million...
State-Owned Transmission Giant Wants to Claw Back 45 Pct More Revenue From Customers, Citing “Increased Complexity”
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,...
AGL Reaches FID on New Peaking Plant that Will Just About Pay for Itself without Ever Being Switched On
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...
Electricity for Households and Town Gas in Singapore to Increase Between 1 April to 30 June 2026
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)...
The Petrochemicals Shock That Is Already Rippling Through Plastics
The war in Iran is throttling global oil supplies, which also serve as the primary feedstock for petrochemicals. This disruption has sent polyethylene prices soaring, with some Asian producers announcing force majeure and cutting output. Analysts warn that a significant...
Mid-Market Trends: Energy Transition
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 on Fuelling Europe’s Future
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...
‘We Learned More in the Past Six Months than the Past Six Years’: Australian Battery Storage Lenders Navigate Merchant Risk
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...
FCEL Stock Outlook for 2026: Data Centers, Korea, and Risks
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...
Storage Vital to Meeting Winter Demand Across East Coast Gas Market in Q3 2026
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 Company Strikes Coal Deal with Russian-Occupied Donetsk
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 Trades Oil Barrels for Batteries
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...
Depleted Oil Fuel Fund to Apply for Loan
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...
Tehran Power Outages Raise Alarm as Iranians Fear Strikes on Critical Infrastructure
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...
OR Expands EV Services Amid Oil Price Volatility
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 in Talks With Chevron, Engine No. 1 Over $7 Billion Texas Power Plant
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...
Upstart Polar LNG Offers New Export Proposal for Alaska
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 Advances Upstream Projects to Ease Gas Supply Crunch
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 Futures Close Memorable March in Decline
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...
Oil Prices, Mar. 31, 2026
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...
Market Watch: May Nymex Contract Inches Lower
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...
Comparative Fuels, Mar. 31, 2026
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...
Novel Interfacial Structure Achieves Highly Efficient, Stable Tandem Solar Cells
Lingnan University researchers introduced a novel self‑assembled monolayer (SAM) molecule, CbzBT‑B, that immobilizes ligands to create a localized 2D/3D perovskite heterojunction. This interface engineering reduces defect density, aligns energy levels, and suppresses voltage loss, enabling a perovskite‑organic tandem cell to...
Will the Iran Crisis Push the World to Rethink Oil and Gas?
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...
New Guidelines Aim to Improve Manufacturing of Solar, Battery and EV Systems
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 Highlights Opportunities in Graphite Manufacturing for Clean Energy
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...
Hichilema Urges Greater Energy Investment as Reforms Drive Zambia’s Growth Agenda
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...
Rhythm Energy Expands Renewable Electricity Plans to Commercial Customers in Texas
Rhythm Energy, a Houston‑based retailer, launched two commercial electricity plans—All‑Business and PowerShift Business—targeting small‑to‑mid‑size firms in Texas. All‑Business offers a fixed flat‑rate, while PowerShift provides off‑peak pricing for 20 hours a day and higher rates only during 6 p.m.–10 p.m. Both plans...
Sarens Helps Atlantic Canada Bulk Terminal Undergo Adaptation as Hub for Offshore Wind
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...
Northeast US Diesel Exports Surge to Europe
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, Azule Energy Expand Digital Platform to Optimize Angola Operations
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,...