Energy News and Headlines
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Every morning
Weekly
Tuesday recap
Public Service Enterprise Group (PSEG) lifted its five‑year regulated capital spending plan by $1.5 billion, targeting $22.5‑$25.5 billion through 2030. The company also raised its adjusted earnings growth outlook to 6‑8% from the prior 5‑7% range. The additional capex is aimed at new customers, reliability upgrades, and a push for 3,000 MW of community solar and battery storage in New Jersey. PSEG expects its rate base to grow 6‑7.5% annually, while its shares remained flat at $85.85, keeping market value near $43 billion.
NorthStandard released a white paper outlining the rapid uptake of biofuels in commercial shipping, noting a twelve‑fold increase in testing volumes to over 1 million MT between 2021 and 2025. Current 5‑10% bio‑blend usage satisfies the 2022 FuelEU Maritime requirement, but upcoming...
BP is reviving its U.S. shale operations through BPX Energy, targeting an 8% production rise to 500,000 barrels per day this year and 650,000 barrels per day by 2030, which would represent roughly 20% of the company’s total output. The...
Natural gas cash prices slipped on Thursday as the front‑month April NYMEX contract lost ground. Spot gas for Friday‑Saturday delivery fell 30.5 cents to $2.040 per MMBtu, reflecting unseasonably mild weather forecasts. The price decline was amplified by a razor‑thin storage...
University of Queensland researchers have introduced a nanoconfinement polymerisation technique that creates ultra‑thin ion‑exchange membranes with roughly double the tensile strength of conventional films. The method forces polymer chains to align within nanoscale channels, yielding dense, flexible membranes that can...
Nel ASA posted a steep revenue decline in Q4 and the full‑year 2025, with Q4 revenue down 21% YoY to NOK 330 million and full‑year revenue falling 31% to NOK 963 million. Net losses widened dramatically, driven by a NOK 799 million impairment charge that pushed...
Québec Innovative Materials Corp. announced that drill hole DDH-26-01 intersected a second hydrogen‑associated structural zone between 313 and 330 metres depth at its West Advocate project in Nova Scotia. This finding complements the earlier 142‑191 m fault corridor, confirming a vertically...
Hurricane Helene devastated Appalachian Power’s mountainous service area, causing widespread circuit failures and road washouts. The utility relied heavily on pre‑established mutual‑aid agreements to bring in external crews and equipment. By implementing rigorous safety protocols, real‑time communication tools, and staged...
Shell is troubleshooting subsea equipment at its Ormen Lange offshore gas field in the Norwegian Sea after a compressor failure forced production cuts on February 16. Output has been reduced by roughly 11.9 million cubic metres per day, about 46% of the...
Norwegian offshore services firm Reach Subsea has been awarded a contract by Equinor, on behalf of Gassco, to conduct external inspections of roughly 3,500 km of subsea pipelines. The inspections will span Gassco’s network in Norwegian waters and export routes to...
The Dunkirk Port Authority has opened a 21‑hectare brownfield site for a potential AI‑focused data center, offering developers a power connection ranging from 400 MW to 700 MW. Power will be supplied by RTE from the nearby Flanders Maritimes substation, with a...
Green Value GmbH assisted Balance Erneuerbare Energien GmbH in acquiring a 46 MW portfolio of biogas plants located in Saxony, Saxony‑Anhalt and Mecklenburg‑Vorpommern. The transaction includes technical due diligence and risk assessment performed by Green Value, with plans to modernize and...
The Inflation Reduction Act and accompanying Bipartisan Infrastructure Law sparked a massive reshoring wave, tripling U.S. manufacturing construction spending between 2021 and 2024. The legislation attracted EV battery, solar, and other cleantech projects, creating a surge in blue‑collar jobs. Following...
Two 32‑year‑old construction workers were killed on 25 February when a platform fell inside the tower of the 86 MW Fischborn wind farm in Hesse, Germany. The accident occurred while the men were using an aerial work platform on a turbine...
The European Commission has approved Azerbaijan’s state oil company SOCAR to acquire 99.82% of Italy’s Italiana Petroli, including its two refineries and a network of roughly 4,500 fuel stations. The deal adds about 10 million tonnes per year of crude‑processing capacity to...
Shell India’s new scenarios sketch projects that India’s total energy demand will outpace the United States in the 2040s and overtake China by the 2060s, driven by rapid economic and population growth. The report shows the fossil‑fuel share in the...
SHINE Technologies announced a $240 million equity raise led by NantWorks, bringing its total funding above $1 billion. The round adds Dr. Patrick Soon‑Shiong to the board, linking the fusion firm with a serial biotech entrepreneur. SHINE will use the capital to...
Armenia is negotiating a U.S.-backed small modular reactor (SMR) program that could add up to 30% of GDP to its public debt in a worst‑case scenario. The $9 billion figure reflects a sovereign‑guaranteed loan rather than direct foreign investment, contrasting with...
EnCap Flatrock Midstream is exploring a sale of its gas‑pipeline subsidiary Momentum Midstream for a price exceeding $5 billion. The private‑equity firm has engaged advisers and is gauging interest from rivals and other buy‑out funds. Momentum operates roughly 4,000 miles of...
Eni SpA has approved a final investment decision to convert units at its Pavia refinery into a biorefinery capable of processing up to 550,000 metric tons of waste‑derived feedstock per year. The project, which repurposes the Hydrocracker (HDC2) with Ecofining™...
Norwegian offshore vessel owner Eidesvik Offshore has commissioned the conversion of the 95‑metre platform supply vessel Viking Energy to run on ammonia, with work slated for completion in autumn 2026. Wärtsilä will provide a 25 MW dual‑fuel engine capable of burning...
Russian Finance Minister Anton Siluanov announced a sweeping fiscal overhaul, lowering the oil‑price budget rule threshold by $1 each year for five years to shift revenue reliance from oil and gas to domestic consumption. The move follows a sharp drop...
A new Trust and Transparency in Business Energy Charter (TNT Charter) was unveiled in the UK to address collapsing trust in the business energy market. Backed by Labour MP Sarah Edwards, the voluntary code calls for clear pricing, fair sales...
Ormat Technologies reported a 19.6% rise in Q4 revenue to $276 million and a 12.5% increase for the full year, while GAAP net income slipped to $31.4 million in the quarter. The company’s energy‑storage segment more than doubled its revenue, and the...
Everllence, formerly MAN Energy Solutions, will supply four electrically driven compressor trains to MODEC for an FPSO serving ExxonMobil’s Hammerhead field offshore Guyana. The order includes two low‑pressure gas compressors with variable‑frequency drives and two export‑gas compressors with fixed‑speed drives....
Fraunhofer’s FZEB has launched the ProBatman project to develop direct recycling of lithium‑ion battery cathodes, aiming to recover high‑purity materials while minimizing waste. Coordinated by Netzsch‑Gerätebau, the consortium includes BMW, EurA AG, the University of Würzburg and several technology firms,...
The Philippines Department of Energy issued Circular No. DC2026‑02‑0008, requiring all variable renewable energy (VRE) projects of 10 MW or larger to integrate energy storage systems (ESS). The rule mandates storage capacity of at least 20 % of the renewable plant’s capacity...
A Commonwealth think‑tank recommends that English councils replace private contractors with in‑house crews to deliver the £15 bn Warm Homes plan. The proposal calls for creating 30 regional "home improvement corporations" that would train and employ up to 140,000 workers to...
Victoria’s State Electricity Commission (SEC) has begun preliminary works at the Delburn Wind Farm, installing five 130,000‑litre firefighting water tanks as part of a broader fire‑mitigation plan. The 205 MW project, purchased for about $650 million, becomes the state’s first publicly owned...
Chile’s mining ministry is set to file five new lithium contracts in March, just days before President Gabriel Boric departs office, as part of a push to accelerate the 2023 national lithium strategy. The contracts target the Salar de Ascotán,...
SSE Energy Markets has signed a 47‑month power purchase agreement with CWP Energy for 33 % of the 308 MW Sanquhar 2 onshore wind farm, covering 83.4 MW and roughly 354 GWh of annual generation. The project, slated for first power in Q3 2026 and full...
The Chartered Institution of Highways & Transportation (CIHT) has released a detailed guide titled "Rolling out Electric Vehicle Charging Infrastructure: Advice for Local Authorities" to help UK councils plan, deliver and maintain inclusive public EV charging. The guidance aligns with...
China’s lithium carbonate futures surged after Zimbabwe suspended all raw mineral and lithium concentrate exports. The Guangzhou Futures Exchange contract jumped 6.07% to 178,020 yuan, having peaked above 9% earlier in the session. Zimbabwe, the continent’s top lithium producer, shipped...
Wood Mackenzie warns that the world’s 30 largest oil and gas firms must add roughly 22 million barrels of oil‑equivalent per day by 2040 to preserve their share of global demand. Current output of about 50 mbd is projected to fall nearly...
GRS has secured a 50 MWp photovoltaic contract for the Dintel Solar plant in Wamba, Valladolid, partnering with Millennium Green Investment Group. The project is the second under construction in Castilla y León and will contribute to a 275 MWp pipeline, pushing...
WisdomTree’s latest blog argues that uranium’s rally is rooted in solid fundamentals as nuclear power re‑enters the global energy agenda. Thirty‑one countries have pledged to triple nuclear capacity by 2050, while the United States targets a four‑fold increase. Major tech...
Zelestra is advancing construction of its 27 MWdc Klevenow solar plant in Mecklenburg‑Vorpommern, targeting commercial operation by the end of Q2 2026. The project, secured through Germany’s EEG tenders, will generate roughly 28,700 MWh annually and avoid about 9,500 tonnes of CO₂ each year....
Two of the four projects selected for New South Wales’ South West Renewable Energy Zone have been sent to the Independent Planning Commission after a wave of long‑distance objections. Spark Renewables’ 1.2 GW Dinawan wind project received 86 objections, while BayWa RE’s...
RWE has more than doubled its renewable construction portfolio in Italy, reaching 235 MW after launching 123 MW of new wind and solar projects for 2026. The expansion builds on a 112 MW build‑out started in 2025, together enough to power over 190,000...
The Royal Automobile Association is urging South Australia to require energy‑efficiency ratings on every home at sale or lease. Around 70% of the state’s housing stock predates the 2003 minimum standards, leaving the average Australian home at a meagre 1.7‑star...
RenewableUK Cymru has released the Cymru Clean Power plan ahead of the 2026 Senedd election, urging the next Welsh Government to adopt a bold clean‑power strategy. The proposal outlines a £10 billion economic opportunity, 8,000 secure jobs and up to £183 million...
British power producer Drax reported lower 2025 earnings, with adjusted EBITDA falling to £947 million from £1.064 billion, driven by weaker power prices. The company improved its balance sheet, cutting net debt to £784 million and raising earnings per share to 137.7 p, enabling...
Carbonova secured C$13.6 million to build its first commercial demonstration unit (CDU‑25) in Calgary, converting captured CO₂ and natural gas into 25 tonnes of carbon nanofibres per year. The financing blends a recent C$4.38 million grant from Emissions Reduction Alberta with strategic cash...
The 2026 Year of the Fire Horse marks the 60th anniversary of the world’s first VLCC, Idemitsu Maru, and has sparked a surge in supertanker charter rates, with spot prices topping $200,000 per day and rumors of a one‑year deal...
Balcony‑mounted plug‑in solar panels are gaining legislative traction, with bills introduced in 28 states and Washington, D.C. that would legalize permission‑less, up‑to‑1,200‑watt devices on renters' and owners' balconies. Utah remains the only state with an explicit law, but lawmakers across...
MGA Thermal has secured AU$3.25 million from ARENA to fund up to five front‑end engineering design (FEED) studies for its patented MGA Block thermal energy storage system. The studies will produce detailed designs, cost estimates and risk assessments for industrial partners...
Statkraft and Emsys VPP have successfully connected the 300‑MW Thurrock battery storage system to the UK grid, marking a major milestone for the partnership. The connection enables the virtual power plant to manage a gigawatt‑scale portfolio of Statkraft batteries across...
Thai private‑sector importer Gulf Energy announced a new tender for two additional April LNG cargoes, targeting delivery windows of 22‑23 April and 25‑26 April. The offers are to be priced against the northeast Asian spot LNG index, with the tender closing on...
BetaVolt unveiled the BV100, a coin‑sized nuclear battery that leverages nickel‑63 beta decay to generate 100 microwatts at 3 volts and promises a 50‑year lifespan without recharging. The company claims mass production began in 2025 and a higher‑output 1‑watt version is slated...
Australia’s Cheaper Home Batteries rebate has topped 235,000 installations, approaching the 250,000 mark and roughly 6 GWh of storage. Demand is set to spike before the May 1, 2026 deadline when the rebate shifts to a tiered model that sharply reduces discounts for...
