Bahri Charters Five Supertankers as Rates Approach $200K/Day
Saudi Arabia’s largest oil shipper, Bahri, provisionally chartered five very large crude carriers as daily charter rates neared $200,000, the highest level since 2020. The vessels are slated to move Saudi crude to Asian markets, chiefly China, in the coming weeks. The surge in bookings follows Saudi Arabia’s new gas project, which is expected to free additional oil for export, and comes amid heightened geopolitical tension that is pushing tanker earnings to multi‑year highs. This marks Bahri’s most aggressive fleet expansion in six months, signaling robust export momentum.
Surge Battery Metals Drills 116 Meters of 3,752 Ppm Lithium at Nevada North Lithium Project, Nevada
Surge Battery Metals, together with Evolution Mining, released the final assay results from its 2025 core drilling program at Nevada North Lithium Project. Infill drilling returned a 116‑metre interval averaging 3,752 ppm lithium, including a 32.1‑metre zone grading 4,521 ppm, confirming a...
Germany to Include CCS-Based H2 in 'Acceleration Law'
Germany's Bundestag will vote on a hydrogen acceleration law that expands eligible infrastructure to include carbon‑capture‑and‑storage (CCS) based hydrogen production. The amendment also adds import facilities for power‑to‑liquid fuels such as synthetic aviation fuel. Projects designated as "overriding public interest"...
U.S. Treasury Sanctions 12 Tankers in Iran’s Shadow Fleet
The U.S. Treasury’s Office of Foreign Assets Control announced sanctions on 12 tankers and their owners that have shipped hundreds of millions of dollars in Iranian petroleum and petrochemical products. The designations also include nine individuals and entities in Iran,...
German Startup Launches Gateway to Block Inverter Kill Switches
German startup Solarsecure Tech introduced the SolarSecure Vision gateway, a hardware‑agnostic device installed at the meter connection point that intercepts and validates inverter‑to‑cloud communications. The gateway blocks unverified kill‑switch commands while allowing authenticated signals, including mandatory grid‑operator directives, to pass via a...
Dawn Hub Prices Remain Elevated as Ontario Storage Trends Near Seasonal Floor
Ontario natural gas storage remains well below the five‑year average, sitting 27.7 Bcf short and driving Dawn hub prices higher as winter ends. Seasonal withdrawals are the third‑largest on record, with the March exit projected near 60 Bcf. The forward price curve...
SA Mining Baffled as Godongwana Fails to Address Energy Tariffs
South Africa’s Minerals Council criticised the 2024 budget for omitting any reduction in electricity tariffs for the ferroalloys sector, despite industrial power costs soaring over 900% since 2008. The omission threatens the ferrochrome industry, which supports more than 20,000 jobs,...
Siemens and CAPHENIA Partner to Scale SAF Production
Siemens and CAPHENIA announced a partnership to accelerate commercial Sustainable Aviation Fuel production by integrating Siemens’ digitalisation and automation tools with CAPHENIA’s plasma Boudouard reactor technology. The reactor splits bio‑methane into synthesis gas at 1,500 °C with over 86 % efficiency, enabling...
Germany’s Grid Fees and Inertia Payments Highlight Contrasts in Energy Storage Regulation
Germany’s regulator is reconsidering the grid‑fee exemption for utility‑scale battery storage, creating uncertainty for projects commissioned before 2029. While the Bundesnetzagentur expects storage capacity to surge to 68 GW by 2037, the potential retroactive fees could dampen investor momentum. At the...
Entropy‐Engineered Layered Double Hydroxide Derived High‐Entropy Alloy Cathodes for Zinc–Air Batteries Under High Depth‐of‐Discharge
Researchers have created a high‑entropy alloy (HEA) catalyst composed of Mn, Fe, Co, Ni, and Cu, derived from a layered double hydroxide precursor. The HEA nanoparticles are uniformly anchored on nitrogen‑doped carbon nanotubes via dicyandiamide‑assisted pyrolysis, yielding a single‑phase fcc...
Sunbolt Expands Solar Charging Umbrella Lineup
Sunbolt announced an expanded Eclipse Solar Charging Umbrella lineup, adding a refreshed fabric‑canopy version with 88 W of high‑efficiency panels and a new permanent Aluminum Canopy model delivering 110 W. Both units are built in the United States, feature six dual‑port USB/USB‑C...
Russia Boosts Budget Reserve Fund Amid Falling Oil Revenues
Russia's finance ministry announced plans to lower the cut‑off price that triggers the transfer of oil revenues into the budget reserve fund. The move aims to channel more of the declining oil proceeds into the $56 billion reserve to protect it...
Renewable Energy Company EDPR's 2025 Recurring Profit Jumps 50% on US Growth
EDP Renovaveis reported a 50% jump in recurring net profit for 2025, reaching €330 million, driven by rapid U.S. capacity expansion. EBITDA rose 17% to €1.95 billion, with a target of €2.1 billion for 2026. The company added 2 GW of new capacity, over...
Energy Storage Co-Location with Solar PV Not a ‘Silver Bullet’
At the Energy Storage Summit 2026 in London, analysts warned that pairing batteries with under‑performing solar farms is not a universal remedy. While co‑located projects can make efficient use of land, experts argue that standalone storage delivers the most valuable...
Overnight Trade
Crude oil rallied to $65.89 per barrel this morning as concerns over a potential Iranian conflict resurfaced, while the Canadian dollar held near 65.89 U.S. cents. In the grain sector, canola futures slipped to C$690.20 a tonne, pressured by a...
European Power Prices Plummet as Wind Surges and Demand Falls
European day‑ahead power contracts plunged on Wednesday as wind generation surged and demand fell across the region. Germany's baseload price dropped 20.6% to €75/MWh, while France’s fell 30% to €21/MWh. Wind output is set to reach 23.8 GW in Germany and...
U.K. Sanctions Maritime Mutual over Dark Fleet Coverage
Britain has placed sanctions on New Zealand‑based Maritime Mutual Insurance Association and its Gibraltar affiliate, accusing them of insuring dark‑fleet tankers that transport Iranian and Russian oil. The measures include an asset freeze and the disqualification of company directors. Maritime...
Funds ‘Could Be on Hook for Further €9bn Divestment’ Under Revised SFDR
The EU’s revised Sustainable Finance Disclosure Regulation (SFDR) now obliges funds to disclose and potentially divest from fossil‑fuel holdings, prompting German NGOs to warn that an extra €9 billion of assets may need to be sold. The European Securities and Markets...
Project Ramp-Ups and Capacity Expansions to Increase Australian Coal Output in 2026
Australia’s coal output remained flat in 2025 at roughly 65 mt, buoyed by the Olive Downs Complex and efficiency gains at Hunter Valley and Dawson. A 3.9% rise to 483.2 mt is forecast for 2026, driven by the Maxwell underground ramp‑up, capacity...
This High-Density Hydro Storage System Ditches the Water
UK‑based RheEnergise has demonstrated a water‑free pumped‑storage system that uses a proprietary High‑Density Fluid, 2.5 times denser than water, to generate 500 kW in a pilot plant. The closed‑loop design replaces traditional reservoirs with a concrete lower tank and an 80‑metre...
Industry Leaders Present India–UK/Europe Green Corridor Vision to President Murmu
Senior industry leaders from India, the UK and Europe briefed President Droupadi Murmu on a proposed India‑UK/Europe green corridor aimed at accelerating industrial decarbonisation and sustainable trade. The roadmap, led by Rajashree Birla, outlines technology transfer, catalytic capital flows and...
Waaree Energies, Premier Energies Slip After US Announces 126% Duty on Solar Imports, Firms See No Material Impact
The U.S. announced a preliminary 126% counter‑vailing duty on certain solar imports from India, sending Waaree Energies and Premier Energies shares sharply lower—Waaree down 10% and Premier down 6%. Both companies said they have diversified supply chains and ongoing US...
Technip Energies-Led JV Nets ‘Major’ LNG Contract with QatarEnergy
A joint venture led by Technip Energies, together with Consolidated Contractors Company and Gulf Asia Contracting, secured an EPCC contract from QatarEnergy for the onshore LNG facilities of the North Field West project. The award, valued at over €1 billion, includes...
Switzerland Streamlines Construction of Large-Scale Solar Plants
Switzerland's Federal Council will enact a draft law on April 1, 2026 to accelerate permitting for large‑scale solar, wind and hydropower projects. The legislation centralizes cantonal approvals into a single procedure and limits appeals to superior cantonal courts. It also...
Mersen Launches Critical Power Panelboard (CPP)
Mersen has introduced its Critical Power Panel (CPP) series, a fully customizable fused panelboard that combines a lightweight design with a reduced footprint. Targeted at NEC‑required and non‑required applications—including UPS systems, data centers, medium‑voltage eHouses, emergency circuits, and DC utility...
EIA Sees USA Energy Demand Under 2025 Levels for Next 2 Years
The U.S. Energy Information Administration’s February 10 Short‑Term Energy Outlook projects total U.S. energy consumption to stay below 2025 levels in both 2026 (96.00 qBtu) and 2027 (96.15 qBtu), marginally under the 96.19 qBtu recorded in 2025. While overall demand flattens, liquid‑fuel use...
Australia Ships LNG 16,000 Miles to Canada as Asia Demand Slumps
Australia’s Gorgon‑linked LNG exporter sent a cargo aboard the Maran Gas Hector to eastern Canada, covering roughly 16,000 miles – the longest route for Australian LNG to date. The move reflects a sharp slowdown in Asian demand, where shipments to...
AlphaESS Releases Containerized C&I Storage System
AlphaESS has launched the Aster TB250/TB500, a containerized battery energy storage system aimed at Europe’s commercial and industrial market. The unit fits in a standard 20‑foot container and delivers 250‑500 kW of power with 705‑1,410 kWh of energy. It is compatible with...
Nordex CEO Says Europe Must Speed up Permitting for Renewables
Nordex chief executive Jose Luis Blanco told Reuters that Europe must emulate Germany’s rapid wind‑project permitting to meet its renewable targets. He highlighted recent German reforms that now allow approvals within months, a stark contrast to earlier delays. Blanco warned...
Partners Unveil Corrib Green Hydrogen Plan
Gas Networks Ireland and the Corrib joint venture of Nephin Energy and Vermilion Energy have signed a strategic collaboration to launch a green hydrogen pilot at the Bellanaboy Bridge gas terminal in County Mayo. The pilot will evaluate producing green...
Consultancy of the Year Winners Advantage Utilities Delivers £500,000+ in Energy Savings for UK Leading Hotel Portfolio
Advantage Utilities has been crowned Consultancy of the Year for Large Customers at the 2025 TELCA Awards, recognizing its rapid rise in the UK hotel sector. The firm delivered more than £500,000 in energy savings within two years for a...
CoeusAI Establishes Dutch HQ After Landing Major Offshore Energy Gig
CoeusAI, a Canadian cleantech AI startup, has opened a Rotterdam headquarters after being chosen as the sole Canadian participant in the North Sea Energy (NSE) programme. The firm will work across five NSE streams, using AI to site offshore wind,...
CAFE-III: Power Ministry Has Sent Proposal to PMO After Meeting Stakeholders, Says Kumaraswamy
The Power Ministry has submitted its draft Corporate Average Fuel Efficiency (CAFE‑III) proposal to the Prime Minister’s Office after a stakeholder roundtable. The upcoming CAFE‑III standards, expected to roll out in April 2027, aim to tighten fleet‑wide fuel consumption and CO₂...
Storage Cuts Irish Fossil Generation by 30%
Energy Storage Ireland and TNEI report that deploying long‑duration storage could slash Ireland’s fossil‑fuel generation by over 2 TWh annually, roughly a 30% reduction by 2035. The study models an all‑island grid with 9 GW on‑shore wind, 8 GW solar and 5 GW offshore...
JinkoSolar Achieves Record-Breaking 26.66% Efficiency for TOPCon Solar Cell Based on M10-Size Wafer
JinkoSolar announced a 26.6% power conversion efficiency for an industrial‑scale TOPCon solar cell built on an M10‑size wafer, setting a new world record for this technology class. The result, validated by an independent Chinese third‑party, stems from a dual‑side electrical...
Auditors to Probe ScotWind Auction
Audit Scotland announced it will audit the ScotWind leasing round, which generated over £700 million in option fees after the 2022 seabed auction. The watchdog began early scoping work and aims to publish its report in autumn 2026 alongside a broader...
Low-Cost Nanocoating Helps Solar Ponds Produce More Fresh Water
A recent Scientific Reports study shows nano‑ferric oxide (Fe₂O₃) coating on the base of a 1 m² solar desalination pond boosts temperature and water output. In outdoor trials across seasons, the coated pond reached 74 °C (≈8 °C higher) and produced 6.5 L m⁻² day⁻¹, a...
Tax Credits for Solar Panels Are Available, but the Catch Is You Can't Own Them
The 2026 federal budget eliminated the tax credit for purchased residential solar panels, leaving the credit only for leased systems. As a result, more than half of new rooftop installations are now owned by third‑party companies through leases or power‑purchase...
Gore Street Capital Eyes €1bn Through Energy Storage Fundraise by Year End
Gore Street Capital aims to raise €1bn for a new energy‑storage fund and a co‑investment vehicle by the end of 2026. The capital will target grid‑scale battery projects that support Europe’s renewable integration. Institutional investors are expected to form the...
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...
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,...