Kongsberg Maritime to Equip LS Marine’s Ultra-Large Cable Lay Vessel
Kongsberg Maritime has been chosen to provide a fully integrated equipment suite for LS Marine Solution’s next‑generation ultra‑large cable‑laying vessel being built at Turkey’s Tersan Shipyard. The 148.4‑metre ship will carry up to 13,000 tonnes of subsea HVDC and optical cable and is slated for delivery in 2028. Kongsberg’s scope covers dynamic positioning, control and navigation, a battery‑hybrid DC power system, and all main propulsion and thruster units. The design emphasizes zero‑emission port operations and advanced remote cable pull‑in capabilities for floating wind farms.
Europe’s Battery Markets on the Rise: Germany Leads, Romania and Bulgaria Emerging
Aurora Energy Research's BATMAR report shows European battery storage capacity surpassing 17 GW in 2024‑25. Forecasts project over 80 GW by 2030, with long‑duration (four‑hour) batteries receiving half of the anticipated €24 bn investment. Germany leads the market, followed by the United Kingdom...
Shell, METLEN Sign LNG Supply and Trading Deal
Shell and Greece’s METLEN have signed an MoU to supply and trade up to 1 bcm of LNG annually from 2027 to 2031. Deliveries will flow through the Revithoussa and Alexandroupolis regasification terminals. The deal leverages the Vertical Gas Corridor to...
Renewables Reach 26% of 2025 US Generation
Renewable energy accounted for 26% of U.S. electricity generation in 2025, representing 36% of installed capacity. Solar output surged 34.5% while wind grew modestly, and battery storage capacity jumped 58.4%. Overall renewable generation rose 9.6% year‑over‑year, outpacing coal and nuclear....
Grenergy Lifts EBITDA to €201m in 2025
Grenergy closed 2025 with revenues just over €1 billion, EBITDA €201 million (up 26%) and net profit €87 million (up 46%). Investment climbed 36% to €880 million, aligning with its €3.5 billion 2025‑2027 strategic plan. Asset‑rotation sales reached roughly US$1 billion, covering more than 60% of...
Statkraft and OX2 Sign 235MW BESS Pact
Statkraft and renewable developer OX2 have signed a seven‑year power purchase agreement for two battery‑energy‑storage systems totaling 235 MW in Finland. The 110 MW and 125 MW installations, located alongside OX2’s Kannisto and Korkeamaa wind farms, are currently under construction and will be...
Aluminium Poised to Support Low-Carbon Future, Support Energy Transition
South32 COO Noel Pillay highlighted aluminium as a cornerstone of the low‑carbon transition, emphasizing its lightweight, durable and fully recyclable nature. The South African government has classified the sector as strategic, granting Hillside Aluminium a preferential electricity tariff through Eskom...
Iberdrola Profits Increase on Network Growth
Iberdrola posted a 12% rise in reported net profit to €6.3 bn for 2025, driven by stronger regulated returns in its UK and US electricity networks. Adjusted EBITDA grew 3% to €15.68 bn, with the Networks business up 21% and the regulated...
UK Energy Bills to Fall by £117 a Year, Offering some Relief to Household Budgets – Business Live
Ofgem announced a 7% cut to the UK energy price cap, lowering the typical annual household bill to £1,641 from April. The reduction translates to about £10 a month, or £117 per year, representing more than £200 savings compared with...
Is Wireless EV Charging (Finally) About to Take Off?
Wireless EV charging is experiencing a resurgence as automakers and infrastructure firms accelerate pilots and standard‑setting efforts. Recent deployments in Europe and China demonstrate viable power levels up to 11 kW, while new SAE and IEC standards aim to harmonize safety...
US Formally Warned Kyiv over Attacks on Russia that Damage American Oil Majors’ Interests, Says Ambassador
The United States delivered a formal diplomatic warning to Kyiv after Ukrainian drones struck the Russian Black Sea port of Novorossiysk, a key export gateway for Kazakh crude that underpins American oil majors' interests. The attack disabled a single‑point mooring,...
Scotland’s New Emissions Strategy ‘Too Reliant on Science Fiction’, Critics Say
Scotland has reduced emissions by 51.3% since 1990, but the UK Climate Change Committee says its new medium‑term emissions strategy relies heavily on unproven technologies. While the CCC praises the shift to five‑year carbon budgets and rates 91% of 2030...
Legend of Australian Renewables John Grimes to Resign as SEC CEO, Take on Regional Role
John Grimes, who has led the Smart Energy Council (SEC) for nearly two decades, announced his retirement effective May 15. He will transition to become chief executive of the newly formed Renewable Energy Council Asia Pacific (RECAP), a regional partner...
Coal India Backs Phased Rollout of National Coal Exchange to Protect Energy Security
Coal India has endorsed a phased rollout of the National Coal Exchange, aiming to move coal trading from traditional e‑auctions to a regulated electronic platform with market‑based price discovery. Executive Director V S Maharaj emphasized that reforms must be calibrated to protect...
Solar Insiders Podcast: How Fixing Network Tariffs Could Break Home Battery Economics
The Solar Insiders podcast features IEEFA analyst Jay Gordon warning that proposed fixes to network tariffs could erode the economic case for residential battery storage. By moving from time‑varying network charges to flat fees, the savings homeowners capture from shifting...
Fortescue’s Electrification Spend Hits $1 Billion-a-Year “Run Rate,” As Diesel Savings Start to Flow
Fortescue Metals Group spent $427 million in the first half of FY2026 on decarbonisation and expects annual outlays of $800 million to $1.2 billion, putting the company on a roughly $1 billion‑a‑year run rate through the decade. The miner is installing solar, wind, battery...
New Transformer in Works for Australia’s Most Powerful Battery, but Return to Full Service Pushed Out Again
Akaysha Energy disclosed that the Waratah Super Battery’s primary transformer suffered a significant internal fault in October 2025, rupturing its tank wall. The 850 MW, 1680 MWh facility will operate at roughly half capacity—about 350 MW—through most of 2026 while a replacement transformer...
Permian Resources Corp (PR) Q4 2025 Earnings Call Transcript
Permian Resources reported record Q2 execution, delivering 385,000 boe/d total production and 176,500 bpd of oil, surpassing its own forecasts. The company closed a $600 million Apache bolt‑on, integrating the assets within weeks and adding roughly 900 bpd of oil. Fitch...
Maravai LifeSciences Holdings Inc (MRVI) Q4 2025 Earnings Call Transcript
Mirion Technologies reported record 2025 orders exceeding $1.1 billion, a 26% year‑over‑year rise driven by strong nuclear power demand and a $150 million large‑project pipeline. Acquisitions of CertRec and Paragon Energy Solutions lifted nuclear‑power revenue to roughly 40% of total sales and...
Seadrill Ltd (SDRL) Q4 2025 Earnings Call Transcript
Seadrill reported Q4 2025 revenue of $176 million and adjusted EBITDA of $109 million, while posting a $4.7 million net loss due to a $23 million charter settlement. The company booked an $11.3 million gain on the sale of a Suezmax tanker, delivering about $26 million...
Centuri Holdings Inc (CTRI) Q4 2025 Earnings Call Transcript
Centrus Energy reported FY 2025 revenue of $448.7 million, a modest 1.5% increase, with gross profit rising 5% to $117.5 million and net income of $77.8 million. Growth was driven by a 21% jump in SWU sales, while uranium revenue...
Essential Utilities Inc (WTRG) Q4 2025 Earnings Call Transcript
Select Water Solutions reported $1.4 billion in consolidated revenue for 2025 and a record adjusted EBITDA of $260 million, exceeding its guidance. The Water Infrastructure segment posted a 54% gross margin in Q4 and is projected to grow 20‑25% year‑over‑year in 2026,...
Avista Corp (AVA) Q4 2025 Earnings Call Transcript
Avista Corp reported consolidated earnings of $1.01 per diluted share year‑to‑date, a 30% decline from 2024, while its utility segment posted a 15% earnings increase to $1.03 per share. The company reaffirmed its 2025 consolidated earnings guidance of $2.52‑$2.72, indicating...
Uzbekistan Resilient Electricity Transmission Project
The Asian Infrastructure Investment Bank (AIIB) approved the procurement plan for Uzbekistan’s Resilient Electricity Transmission Project on February 25, 2026, committing 100% financing for a $1.324 million consulting package. Two contracts were cleared: a $24,000 individual consultancy and a $1.3 million project‑preparation...
Climb Global Solutions Inc (CLMB) Q4 2025 Earnings Call Transcript
Core Laboratories reported Q4 2025 revenue of $138.3 million, up 3% sequentially and 7% year‑over‑year, driven by stronger international demand for reservoir description services. The Reservoir Description segment posted $92.3 million in revenue with a 14% operating margin, while Production Enhancement revenue...
Crescent Energy Co (CRGY) Q4 2025 Earnings Call Transcript
Crescent Energy reported Q4 2025 oil and gas sales of $364 million, an 8% year‑over‑year increase, while adjusted net income held steady at $46 million. A $445 million divestiture program generated a $294 million pretax gain, lifting GAAP profit to $281 million and reducing debt...
Pinnacle West Capital Corp (PNW) Q4 2025 Earnings Call Transcript
Pinnacle West Capital reported a strong 2020 despite pandemic challenges, highlighting record non‑nuclear reliability at 95.3% availability and Palo Verde’s milestone of over 1 billion megawatt‑hours, earning it the nation’s top carbon‑free producer title. The utility delivered $4.87 earnings per share,...
Bristow Group Inc (VTOL) Q4 2025 Earnings Call Transcript
Bristow Group reported Q3 2025 adjusted EBITDA of $67.1 million, up $6.4 million sequentially, and total revenue increasing by $9.9 million, led by strong Government and Other Services performance. Offshore Energy Services revenue slipped $2.4 million, partially offset by higher utilization in the Americas....
MGP Ingredients Inc (MGPI) Q4 2025 Earnings Call Transcript
Green Plains Inc. posted a dramatic turnaround in Q4 2025, delivering $49.1 million of adjusted EBITDA and $11.9 million of net income, reversing a $54.9 million loss from the prior year. Revenue fell 26.6% to $428.8 million due to plant divestitures and idling, but...
SM Energy Co (SM) Q4 2025 Earnings Call Transcript
SM Energy announced that its merger will create a top‑10 U.S. independent oil producer with roughly 526,000 barrels of oil equivalent per day and 1.5 billion BOE of pro forma proved reserves. The combined entity will hold over 800,000 net acres,...
Kodiak Gas Services Inc (KGS) Q4 2025 Earnings Call Transcript
Kinder Morgan posted record Q4 2025 results, with net income of $996 million and EPS of $0.45, up roughly 50% year‑over‑year. Adjusted EBITDA reached an all‑time high, growing 6% and surpassing the 4% budget target. The company expanded its project backlog...
Southwest Gas Holdings Inc (SWX) Q4 2025 Earnings Call Transcript
Southwest Gas Holdings completed its transformation into a pure‑play regulated natural‑gas utility by fully divesting Century, using the $1.35 billion sale proceeds to retire all holding‑company debt and boost cash to nearly $780 million. The company reaffirmed its 2025 net‑income outlook at...
BKV Corp (BKV) Q4 2025 Earnings Call Transcript
BKV Corporation announced it will increase its stake in the power joint venture to 75%, securing majority control and greater governance over capital decisions. Management highlighted robust free cash flow that will fund debt reduction, power‑sector investments, and its expanding...
Golar LNG Ltd (GLNG) Q4 2025 Earnings Call Transcript
Golar LNG reported Q4 2025 revenue of $87.5 million and full‑year revenue of $340 million, with adjusted net income of $23.3 million ($0.43 per share). The company declared a $0.75 per share dividend – its 18th consecutive payout – yielding roughly 11.5%. A...
Aggreko Provides Hybrid Power Station With Solar, Gas for Australia Project
Aggreko is constructing a hybrid power station in Queensland to serve Arrow Energy’s Surat Gas Project North. The facility will combine a 17 MWp solar farm, an 8.4‑MVA/16‑MWh battery energy storage system, and a 33.75‑MVA gas‑fired thermal generator. Expected to create...
Firmus Partners with Vast Data for APAC Expansion
Firmus announced a partnership with Vast Data to deploy the Vast AI Operating System as the data foundation for its Asia‑Pacific expansion. The collaboration targets high‑throughput, disaggregated GPU clusters, ensuring efficiency across thousands of GPUs in its sovereign AI factories,...
Whitecap Says Scale Gained with Veren Takeover Helped Secure Global Gas Contracts
Whitecap Resources leveraged its May acquisition of rival Veren to boost scale, prompting a credit‑rating upgrade, lower borrowing costs and larger reserves. The expanded footprint enabled the company to lock in two 10‑year natural‑gas supply contracts totaling 85,000 MMBtu per day,...
Clean Energy Markets Face a Volatile Year Despite Record Global Investment
Global renewable‑energy investment hit a record $386 billion in 2025, driven by offshore wind and small‑scale solar in emerging markets. In the United States, clean‑energy funding slumped sharply in Q4, falling 36 percent after the Biden‑era EV tax credit was eliminated, resulting...
Crude Prices Dip on Hint of US-Iran Optimism
Crude futures fell on Tuesday after Iran's foreign minister indicated a potential US‑Iran agreement on uranium enrichment could be reached in Geneva. The optimism trimmed the geopolitical risk premium, pushing WTI and Brent below $80 per barrel. Prices had been...
Gas and LNG Markets, Feb. 24, 2026
The global gas and LNG market entered a volatile phase in late February 2026, driven by tighter supply, rising spot prices, and shifting demand patterns across Europe and Asia. European winter demand outpaced supply, prompting higher contract renegotiations, while Asian...
Natural Gas Spot Prices, Feb. 24, 2026
The Energy Information Administration released the February 24, 2026 natural‑gas spot price report, detailing volume‑weighted average prices for next‑day flow and weekend delivery. The data include both wellhead and delivered price composites, along with the day’s trading range, total gas volume, and...
First Solar Gets Access to Oxford PV Perovskite Patents
First Solar has signed a non‑exclusive licensing agreement with Oxford PV, granting access to the UK firm’s extensive perovskite patent portfolio and pending applications. The deal enables First Solar to develop and potentially manufacture perovskite‑based thin‑film photovoltaic modules for U.S....
How the EU Could Unlock 22 Trillion Cubic Feet of Barents Gas
The European Union is reviewing its Arctic policy, and a tighter definition could unlock the Barents Sea’s estimated 22 trillion cubic feet of gas. Norway’s offshore fields could then supply 20‑30% of EU gas demand through 2050, offering a lower‑emission alternative...
Gigantic Form Energy Battery to Power Google Data Center in Minnesota
Form Energy’s iron‑air battery will be deployed by Xcel Energy in Minnesota to power a new Google data center. The 300 MW installation can discharge continuously for up to 100 hours, delivering 30 GWh of stored clean energy. Google will also fund 1.4 GW...
Shale Giant Diamondback Says Global Oil Glut Fears Are Fading
Diamondback Energy says fears of a global oil glut are receding as resilient demand steadies the market. Recent price action shows U.S. crude futures up more than 15% year‑to‑date, erasing most of 2025’s 20% loss. The company will keep output...
ORLEN Builds 25-MMboe North Sea Portfolio in Ekofisk Area
Polish oil major ORLEN has bolstered its North Sea presence by acquiring a 7.6% interest in the Albuskjell and Vest Ekofisk fields, bringing its total stake in the Tommeliten Gamma field to 62.61%. The three assets, developed under the Previously Produced Fields...
Eagle Energy Metals and Spring Valley Acquisition Corp. II Announce Closing of Business Combination
Eagle Energy Metals Corp. completed its business combination with Spring Valley Acquisition Corp. II, creating Eagle Nuclear Energy Corp. The new company will begin Nasdaq trading on February 25, 2026 under the ticker symbols NUCL and NUCLW. The merger pairs the largest...
Med Gasoline Market Diverges From Northwest Europe
The Mediterranean gasoline market is diverging from northwest Europe as several key fluid catalytic cracker units undergo maintenance, notably Helleniq Energy’s Aspropyrgos refinery in Greece and Eni’s Milazzo refinery in Italy. With offshore capacity constrained, February‑March spreads have turned backwardated—a...
Lualaba Showcased Cobalt Leadership and Sustainable Vision at Mining Indaba 2026
At Mining Indaba 2026 in Cape Town, Lualaba province positioned itself as the world’s leading cobalt producer, emphasizing its pivotal role in the energy transition. Governor Fifi Masuka Saini highlighted the region’s stable, investment‑friendly governance and alignment with international mining...
Vestas Secures Mega Order: Vestas Receives 1.38-GW Offshore Order From RWE for UK Offshore Major Project Vanguard West - Share...
Vestas has secured a firm 1.38‑GW offshore wind order from RWE for the Vanguard West project in the UK, encompassing 92 V236‑15 MW turbines. The deal includes supply, transport, commissioning, a five‑year service agreement and subsequent long‑term O&M contract. The project,...