EasyJet and Rolls-Royce Conclude Hydrogen Fuel Engine Test
easyJet and Rolls‑Royce have completed a four‑year hydrogen‑fuel engine programme, successfully running a modified Pearl 15 turbine at full take‑off power on 100% hydrogen. The test, performed at NASA’s Stennis Space Centre, demonstrated a complete flight‑cycle operation—start‑up, climb, cruise and landing—on gaseous hydrogen. Engineers validated combustion, fuel‑system and integration technologies for a narrow‑body‑scale engine. easyJet says the results accelerate its net‑zero ambition and support broader adoption of hydrogen alongside Sustainable Aviation Fuel.
Designing in Situ Power Stations for Future Mars Missions
A Chinese research team published a conceptual design for an in‑situ power station that would turn the thin, CO₂‑rich Martian atmosphere into heat and electricity for future crewed missions. The proposal combines atmospheric capture, a micro‑nuclear reactor, lithium‑Mars‑gas batteries, and...
Clean Energy Economy Is ‘Repricing Itself,’ Investor Says at DC Climate Week
At DC Climate Week, Nelson Switzer of Climate Innovation Capital warned that clean‑energy markets are undergoing a "climate correction" as they reprice amid rising climate‑related losses. He highlighted that U.S. insured damages topped $115 billion in 2025 and that global clean‑energy...
Oil Traders Lawyer Up as Hormuz Disruptions Trigger Billions of Dollars in Disputes
Oil traders are entangled in multi‑billion‑dollar disputes after the Iran‑Israel war shut the Strait of Hormuz, leaving contracted Murban crude shipments undelivered. Shell is suing PetroChina's unit for roughly $35 million over a 500,000‑barrel cargo that arrived at only 62,000 barrels,...
The Forgotten Fuel That Could Power Shipping’s Future
Thorium molten‑salt reactors are emerging as a power source for shipping’s clean‑fuel supply chain. China’s TMSR‑LF1 proved experimental thorium breeding, while Denmark’s Copenhagen Atomics is mass‑producing 100 MWth container‑sized reactors aiming for sub‑$20/MWh electricity. Continuous high‑temperature output from shore‑based SMRs could...
Hydrogen Fuel Cell Cars No; Fuel Cell Combat Drones Yes
Hydrogen fuel‑cell technology has stalled in passenger cars but is gaining traction in the military, where drones and other unmanned systems are being equipped with compact electrolyzer‑powered power sources. Companies such as Heven Aerotech have secured streamlined contracts with the...
Strait of Hormuz Nears Third Month of Closure
A Japan‑linked VLCC, Idemitsu Maru, successfully transited the Strait of Hormuz carrying roughly 2 million barrels of Saudi crude, marking the first non‑Iranian tanker to leave the region in ten days. The waterway’s effective closure, now in its third month, has halted...
Will Rising Fossil Fuel Prices Boost Battery Tech Investing?
Rising fossil‑fuel prices are prompting investors to look toward battery‑technology assets, a trend highlighted in VettaFi’s recent webcast. Speakers outlined a "triple demand" thesis: expanding global EV adoption, a metals super‑cycle, and rapid battery‑storage cost declines. The BATT...
Brent Oil Tops $118 After Trump Says He Will Blockade Iran Until It Agrees to a Nuclear Deal
Oil prices surged over 6% on Wednesday as President Donald Trump announced a U.S. naval blockade of Iran until Tehran agrees to a nuclear deal. Brent crude rose to $118.33 per barrel and WTI to $106.37, reflecting heightened fears of...
TotalEnergies CEO Says Middle East Energy Flows Will Take up to Three Months to Reset Post-Conflict
TotalEnergies chairman and CEO Patrick Pouyanne said oil and LNG flows from the Middle East will need two to three months to return to normal after the regional conflict ends. The delay stems from the time required to discharge vessels and...
Trump Weighs Long Iran Blockade as Oil Market Fears Grow
President Donald Trump met with U.S. oil executives to discuss how to blunt the impact of a potential months‑long blockade of Iran’s ports, a move aimed at forcing Tehran to reopen the Strait of Hormuz. The discussion covered production levels,...
Crude Oil Prices Surge over 7%, Extend Gains to 8th Day; Brent Tops $119 — What's Behind This Sharp Rally?
Crude oil prices surged more than 7% on Wednesday, marking an eighth consecutive session of gains and pushing Brent crude above $119 a barrel. U.S. West Texas Intermediate rose 7.6% to $107.52, spurred by a sharp 6.2 million‑barrel draw in U.S....
Metals Australia Eyes $1.3B Quebec Graphite Refinery
Metals Australia announced a preliminary economic assessment for a battery‑grade graphite refinery in Quebec, estimating a US$884 million capital outlay (C$1.26 billion) that includes a US$179 million contingency. The three‑module plant would process 75,000 tonnes of flake graphite concentrate per year, yielding about 51,000 tonnes...
JinkoSolar PV Module Shipments Dip, Registers Lowest Volume Since Q1 2023
JinkoSolar reported Q1 2026 module shipments of 13.7 GW, a 21.9% year‑over‑year decline and the lowest volume since Q1 2023. Overseas markets accounted for 80% of sales, while high‑output TigerNeo 3.0 modules averaged 655‑660 W, representing a quarter of shipments. Gross profit margin...
U.S. Gas Prices Climb Further as Effects of Iran War Reverberate
Oil prices rose sharply on Wednesday as the war in Iran continued to disrupt Persian Gulf energy supplies. Brent crude jumped to about $109 a barrel for July delivery, while U.S. West Texas Intermediate rose above $105 a barrel for...
Enphase Energy Stock Hits Yearly Low: Enphase Energy Posts Q1 2026 Revenue Decline and Net Loss – Margins Fall
Enphase Energy reported a sharp Q1 2026 revenue decline of 20.6% to $282.9 million, pushing the company into a GAAP net loss of $7.4 million. Gross margins contracted, with GAAP margin falling to 35.5% and non‑GAAP margin to 43.9%, driven by tariffs...
Why Australia Has to Boost Fuel Supply – and Electrify Transport
Australia is confronting a looming fuel‑security gap as domestic crude production dwindles and six of its eight refineries have shut. The Coalition proposes to double on‑shore liquid fuel reserves to roughly 1 billion litres, a 60‑day supply, while Labor is expected...
Labor Will Back Fossil Fuels in the Budget but the Gas Tax Campaign Isn’t Dead yet | Clear Air
Australia’s Labor government is expected to protect existing gas‑export contracts in the upcoming federal budget, signaling a continuation of the status quo for the fossil‑fuel sector. Despite strong public backing for a 25% levy on gas exports – a tax...
North Star Acquires Four New Service Operation Vessels
North Star, a fully integrated offshore infrastructure service provider, has completed the acquisition of four Service Operation Vessels (SOVs) from Edda Wind, expanding its fleet to 14 SOVs—one of Europe’s largest offshore wind vessel groups. The newly acquired vessels—Goelo Enabler, Boreas...
Power Factors Loops AI Into Renewable Energy Portfolio Management Platform
Power Factors unveiled Unity REMI, an AI‑driven platform for renewable‑energy portfolio management. Trained on operational data from more than 310 GW of global assets, the system can sense, predict, act and automate across solar, wind, BESS and hybrid portfolios. REMI is already...
Seaside LNG Appoints New C-Suite Leadership Team
Seaside LNG, a Houston‑based LNG‑bunkering specialist, announced a newly formed C‑suite leadership team to steer its next growth phase. The company, the only North American platform that combines shoreside liquefaction, storage and Jones‑Act‑compliant bunkering, operates the largest fleet of LNG...
Reliance on Chinese Green Tech Poses ‘Serious’ Risk for Europe, Experts Say
A new report warns that Europe’s heavy reliance on Chinese green technology poses serious economic and national‑security risks. China provides 98% of the continent’s solar panels, 88% of lithium‑ion batteries and 61% of inverters, creating a vulnerable supply chain. The...
CAISO Expects ‘Solid Launch’ for EDAM, First Western Day-Ahead Market
The California Independent System Operator (CAISO) announced a "very solid launch" of its Extended Day‑Ahead Market (EDAM) on May 1, marking the first day‑ahead market in the Western United States. After 90 days of parallel operations that simulated real‑time trading, CAISO...
LONGi Exceeds 26% Efficiency on Solar Panel with HJT + IBC Cells
LONGi’s hybrid interdigitated‑back‑contact (HIBC) solar cell achieved a certified 28.13% photoelectric conversion efficiency, setting a new record for silicon‑based cells. The same technology delivered modules with 26.4% efficiency, the highest ever for silicon panels, certified by the U.S. National Laboratory...
Russia Says It Has No Plans to Leave OPEC+
Russia’s Kremlin says Moscow will not exit the OPEC+ alliance even after the United Arab Emirates announced its departure effective May 1. The statement, made by spokesperson Dmitry Peskov, underscores that Russia sees no viable path to raise output amid ongoing Ukrainian...
Join Our Webinar on Battery Technologies for Off-Highway Machines
IDTechEx is hosting a 30‑minute webinar on May 7, 2026 about battery technologies for off‑highway machines in construction, agriculture and mining. Senior Technology Analyst Pranav Jaswani will present findings from the firm’s 2026‑2036 research report, covering market drivers, machine demands, current battery activity...
Thailand Walked Into Its LNG Trap With Its Eyes Open – Long Before Hormuz
Thailand’s state power utility has spent roughly $2 billion on availability payments to gas‑fired plants that produced little or no electricity over the past three years. Those fixed fees now add about 0.63 baht per kilowatt‑hour to the 2026 tariff, representing almost...
At Long Last, the PJM Interconnection Queue Is Moving Again. Now What?
After a two‑year shutdown, PJM Interconnection has reopened its interconnection queue, launching Cycle 1 with 811 new generation and storage projects representing about 220 GW of capacity. The new process replaces the old first‑come, first‑served model with a “first‑ready, first‑served” approach that...
Scoop: Trump Huddles with Oil Execs as Iran Stalemate Drags On
President Donald Trump convened a meeting at the White House with top oil and gas executives, including Chevron CEO Mike Wirth, to address the energy fallout from the ongoing Iran conflict. Attendees also included senior White House staff and Treasury...
ESMC Calls for Stronger EU Industrial Accelerator Act to Boost Solar PV Manufacturing
The European Solar Manufacturing Council (ESMC) has urged the European Commission to tighten the Industrial Accelerator Act (IAA) to revive the EU solar PV sector. Its five‑point amendment package expands "Made in Europe" procurement to three key components, mandates at...
Bloom Energy Q1 2026 Results: Revenue up 130% – Full-Year Forecast Raised – Stock Hits New All-Time High
Bloom Energy reported Q1 2026 revenue of $751.1 million, a 130% year‑over‑year increase, driven by a 208% jump in product sales to $653.3 million. GAAP operating income turned positive at $72.2 million, reversing a $19.1 million loss from the prior year. The company raised its...
India Spent ₹4.3 Lakh Crore on Energy Subsidies in FY25; Fossil Fuel Support Still Triples Clean Energy
India’s FY 25 energy subsidies reached ₹4.3 lakh crore (≈$51 bn), with electricity subsidies alone at ₹2.41 lakh crore (≈$29 bn). Fossil‑fuel support—led by LPG subsidies—remains about three times larger than clean‑energy aid, which together account for only roughly 10% of the total bill. The International Institute...
Hope Beneath the Headlines
RiverFront Investment Group’s April 2026 Chart Pack notes that the Iran‑driven oil shock pushed Brent above $100 per barrel, prompting a modest S&P 500 pullback while the Fed left rates unchanged. Despite the geopolitical turbulence, the United States’ heightened energy independence has...
US Seeks to Refund $885m of GIP and CPP Offshore Wind Leases Into LNG Investments
The U.S. government is offering Global Infrastructure Partners (GIP) and the Canada Pension Plan Investment Board (CPP) a refund of $885 million tied to offshore wind leases they secured in 2022. The refund is conditional on the two investors redirecting the...
Up to $9B Nearshore Project on Arctic’s Horizon with Polar LNG Unleashing Alaska’s Gas
Polar LNG announced a near‑shore liquefied natural gas project on Alaska’s North Slope, budgeting $8‑9 billion to produce up to 7 million tons per annum of LNG, with a potential expansion to 21 mtpa. The modular, gravity‑based facility will draw gas from existing...
MISO Capacity Prices Fall as New Supply Outpaces Demand Growth
MISO’s latest Planning Resource Auction saw capacity offerings rise 3.4% to 141 GW, driven largely by 5.6 GW of new accredited resources, more than half of which were solar. Prices plunged across the region, with annualized capacity prices dropping to $116‑$126 per...
How to Build a Better Kind of Nuclear Power? This Side Hustle Might Help.
Zap Energy, a nine‑year‑old fusion startup based in Everett, Washington, announced it is developing a small fission reactor that it expects to bring to market in the early 2030s. The company says the fission design will be cheaper and less...
Tanker Experts Digest Impact of UAE Exit From Opec
The United Arab Emirates announced its departure from OPEC, but experts say any impact on the global tanker market will be delayed. Even if the UAE ramps up oil exports immediately, the ongoing war in Iran limits short‑term market shifts....
UAE Exit From OPEC Signals New Era for Aviation and Tourism
The United Arab Emirates announced its departure from OPEC, signaling a strategic pivot from oil to aviation and tourism as primary growth engines. By exiting the cartel, the UAE hopes to gain flexibility in energy policy that could lower jet‑fuel...
Subsea7, OneSubsea Chosen for FEED at Canadian $12 Billion Oil Project
Subsea Integration Alliance, the joint venture of SLB OneSubsea and Subsea7, secured a front‑end engineering design (FEED) contract from Equinor for the Bay du Nord deep‑water oil project off Canada. Valued at roughly $12 billion, the project sits in the Flemish...
LPG Under Recoveries Likely at ₹80,000 Crore in FY27: ICRA
ICRA warns that India’s LPG under‑recoveries could hit ₹80,000 crore (about $9.6 billion) in FY27 as West‑Asia supply disruptions push international prices higher. The agency also projects the fertiliser subsidy to climb to ₹2.05‑2.25 lakh crore (roughly $26 billion) amid raw‑material cost inflation and an...
OMV Petrom Raises Annual Budget by 23 Percent
OMV Petrom shareholders approved a $2.07 billion capex plan for 2026, a 23% increase over 2025. About 60% of the budget targets the Neptun Deep offshore gas project, which could cost up to $4.68 billion and hold roughly 100 billion cubic meters of recoverable...
UK Refineries Asked to Maximise Jet Fuel Production Amid Supply Fears
The UK government has asked the nation’s four remaining refineries to maximise jet‑fuel output as the Iran‑Israel conflict threatens to choke supply through the Strait of Hormuz. Energy Minister Michael Shanks warned that global jet‑fuel shipments have dropped to less...
Feds Formalize Enhanced Oil Recovery Tax Credit Flip-Flop in Spring Economic Update
Canada’s spring economic update officially reinstated a tax credit for enhanced oil recovery (EOR) projects, reversing a 2025 budget promise that excluded them. The credit, applicable in provinces with permanent CO₂ storage regulations, is expected to generate roughly $292 million USD...
Why China May Benefit From the UAE’s Opec Withdrawal Amid Iran War Oil Crisis
The United Arab Emirates will leave Opec on May 1, ending its role as the bloc’s third‑largest producer, which accounts for roughly 12% of total output. Analysts expect the move to give China greater flexibility to source more Emirati crude, potentially...
Exploring the Potential for a Buried Grid
Industry leaders are increasingly evaluating underground utilities as a climate‑resilient alternative to exposed power lines and renewable‑energy infrastructure. Burying cables, pipes and other assets can extend service life to 100‑150 years, protect against extreme weather and free surface land for...
Oracle’s Project Jupiter Ditches Gas Turbines for Bloom Fuel Cells
Oracle is redesigning its Project Jupiter AI data‑center campus in New Mexico to run on a 2.45 GW fuel‑cell microgrid supplied by Bloom Energy, eliminating the previously planned gas turbines and diesel generators. The on‑site generation will cut nitrogen‑oxide emissions by about...
Diesel Prices Decline Nationally While Gasoline Costs Rise Across U.S. Markets
Diesel prices slipped nationally this week, with the EIA reporting a 5‑cent drop to $5.351 per gallon, while gasoline climbed 8 cents to $4.123 per gallon. The West Coast saw the steepest diesel decline at 9 cents, whereas the Rocky...
Platform that Turns Ocean Temperature Differences Into Electricity Installed in Spain
Global OTEC, a UK pioneer in ocean thermal energy conversion (OTEC), has installed the first purpose‑built offshore floating prototype at Spain’s Oceanic Platform of the Canary Islands (PLOCAN). The €3.5 million (~$3.8 million) EU Horizon Europe‑funded project includes the deployment of a...
Another LNG Gig in Lone Star State Lands on Honeywell’s Plate
Honeywell has been selected by Lantern LNG Holding Company to supply end‑to‑end technology and automation for a new near‑shore LNG facility in Matagorda Bay, Texas. The project will produce roughly 12 million tons per annum of LNG across three 4‑mtpa trains,...