Energy News and Headlines
Energy News and Headlines
Energy Pulse
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Tuesday recap
EMAIL DIGESTS
Daily
Every morning
Weekly
Tuesday recap
British Gas chief executive Chris O’Shea warned that UK electricity bills will exceed the 2022 peak by 2030 as the country scrambles to fund massive grid upgrades. He attributed the surge to years of under‑investment, with two‑thirds of future costs coming from system upgrades rather than wholesale prices. The government has approved £28 billion for initial grid work, part of a potential £90 billion pipeline, which will be financed through higher network charges. Ofgem predicts an additional £108 per household annually by 2031, challenging the pledge to cut bills.
Energy stocks are enjoying a robust start to 2026, driven by rising data‑center power demand and deregulation. The T. Rowe Price Natural Resources ETF (TURF), an active fund launched in June 2025, posted a 13% year‑to‑date gain and a 23.2% return over...
The ALPS Clean Energy ETF (ACES) is positioned to profit from a $1.4 trillion U.S. grid‑modernization program slated through 2030, as utilities boost capital spending 12% in 2025 and are expected to increase it another 6% in 2026. Roughly 40% of...
Solar Capital, a Gurugram clean‑tech start‑up, launched a digital platform that lets individuals and organisations invest in solar projects without owning rooftops. Subscriptions start at just Rs 999, removing installation and maintenance barriers for renters, apartment dwellers, and small businesses. The...
In a volatile market, Invesco’s equal‑weight ETFs RSPT and RSPG offer sector exposure while limiting concentration risk. Both funds track S&P 500 equal‑weight indexes, giving roughly 1.5‑2% weight to each constituent instead of the 40% dominance seen in cap‑weighted peers like...
The U.S. rig count held steady at 551 this week, with oil rigs slipping by three to 409 while gas rigs rose by three to 133. Crude output climbed to 13.713 million barrels per day, edging close to an all‑time high....
Stored Energy Systems (SENS) is pivoting from standalone battery chargers to fully integrated, hybrid power solutions for critical‑power applications such as data centers. The company cites market pressure to adopt multi‑vendor, high‑redundancy architectures like N+1 to 2N+1, which demand streamlined...
Political scrutiny of the EU emissions trading system intensified in mid‑February, pushing the front‑year EU ETS contract down almost 6% on Feb 5 and a further 7% after German Chancellor Friedrich Merz’s comments. EU officials denied reports of extending free‑allowance allocations beyond...
Slovakia and Hungary have reported a complete halt of Russian crude deliveries through the Druzhba pipeline, marking the latest escalation in the energy conflict between Moscow and Kyiv. Simultaneously, a series of drone attacks this week have damaged several Russian...
Saudi Aramco will load its first cargoes of Jafurah condensate in March, following the start‑up of the giant Jafurah wet‑gas project late last year. The development converts wet gas into condensate and LPG, adding a new stream to the kingdom’s...
TC Energy reported fourth‑quarter earnings per share of US $0.72, beating the consensus estimate of $0.68, driven by record natural‑gas deliveries in both the United States and Canada. U.S. pipeline flows rose 9.5% YoY to 29.6 Bcf/d, while Canadian deliveries hit a...
Alexandria, Virginia, approved a new ordinance that lets developers meet green‑building requirements using an energy‑use intensity (EUI) metric instead of relying solely on third‑party certifications. The rule applies to commercial projects of 10,000 sq ft or larger, offering a choice between traditional...
Utilities are underestimating climate‑driven physical risk because reliability models still use historic weather baselines. Repath’s analysis of a €1.5 billion European grid shows that under a business‑as‑usual (RCP 8.5) pathway, average‑annual loss could shave 30.6 % off the portfolio’s gross value by 2050,...
Hydrostor has secured a 50‑MW offtake agreement with California Community Power for its Willow Rock Energy Storage Center, a 500‑MW/4,000‑MWh advanced compressed‑air energy storage (A‑CAES) project. The facility will provide eight hours of continuous discharge, delivering firm capacity to six...
Enbridge posted record‑high 2025 core earnings, reporting adjusted EBITDA of US$14.7 billion, a 7% increase over 2024, and a 9% rise in adjusted earnings. The fourth‑quarter adjusted EPS of US$0.65 topped analyst forecasts of US$0.56. The company credited expanding pipeline takeaway...
Exelon announced a $41.3 billion, four‑year capital plan, with transmission accounting for more than 70% of the increase. The utility added $2.3 billion for high‑voltage upgrades to support an 18 GW data‑center pipeline and broader load growth. CFO Jeanne Jones projected an additional...
New data from the Danish Maritime Authority shows that 292 EU‑sanctioned Russian tankers sailed through the Øresund, Great Belt and Skagerrak in 2025, confirming the Danish straits as a critical gateway for Russia’s shadow fleet. The fleet has expanded since...
The Excelerate Shenandoah delivered a full LNG cargo from Trinidad’s Atlantic terminal to the Everett import facility in Boston Harbor. The shipment marks the fourth cargo received at Everett this winter, adding to a total of six deliveries last winter and...
The International Energy Agency trimmed its 2026 oversupply warning after a surprise 1.2 million barrels‑per‑day supply drop caused by cold snaps in the United States and a power‑outage‑forced shutdown at Kazakhstan’s Tengiz field. Europe’s gas inventories fell to just 35 % of...
American Electric Power (AEP) announced its contracted large‑load pipeline will reach 56 GW by 2030, doubling from the previous quarter. Data centers account for roughly 90% of this new demand, especially in Texas, Ohio, Indiana and Oklahoma. The utility’s five‑year capital‑expenditure...
Maersk’s APM Terminals and Germany’s Eurogate are negotiating a partnership that could inject up to €1 billion into Bremerhaven’s North Sea Terminal. The funding aims to fully electrify the site, power it with renewables and lift capacity from 3 million to 4 million...
Data‑center developers are accelerating on‑site power projects as residential electricity rates surge 37% since 2020, prompting concerns over utility affordability ahead of the 2026 midterm elections. Bank of America analysts say developers will first secure fast‑deployable resources such as gas...
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France’s new energy planning law (PPE) sets a decarbonised electricity goal of 650‑693 TWh by 2035, up from 540 TWh today, and aims for 70% of total energy consumption to come from clean power. The decree trims wind and solar targets by...
Aviramp has installed a solar‑powered, step‑free boarding ramp at Ireland West Airport in Knock. The ramp offers a gentle slope, added passenger shelter, and is designed for wheelchair users, parents with prams and other travelers with reduced mobility. Airport operations...
The Bangladesh Nationalist Party secured a decisive parliamentary majority, clearing the path for a sweeping overhaul of the nation’s energy strategy. Its manifesto pledges to lift renewable power to 20% of the mix by 2030, a dramatic rise from today’s...
Fastmarkets corrected the pricing rationale for its Premium Hard Coking Coal (PHCC) index FOB eastern Australian ports on 12 Feb 2026. The index fell $2.43 per wmt that day, reflecting limited market activity and the application of fallback measures. A notable trade...
Ordnance Survey has mapped 23.6 million UK homes to create a heat‑retention index that flags properties most vulnerable to fuel poverty. The index draws on the National Geospatial Database and satellite‑derived observations, enabling granular climate‑risk profiling. Simon Navin highlighted how this...
US trade policy changes – FEOC restrictions and a 25% Section 301 tariff on Chinese‑origin battery energy storage systems (BESS) – took effect on 1 January, tightening cost and compliance pressures. While Chinese lithium‑ion BESS remain marginally cheaper on equipment‑only pricing, developers...
CleanCo Queensland has commissioned the Swanbank Battery, a 250 MW/500 MWh grid‑scale storage system built with Tesla’s Megapack technology at the former Swanbank coal‑power site near Brisbane. The AU$330 million project, funded by the Queensland Renewable Energy and Hydrogen Jobs Fund, began testing...
e-TRNL Energy, a battery‑tech startup founded in 2021, secured ₹27.4 cr ($3 mn) in a seed round led by IAN Alpha Fund. The capital will fund completion of its chemistry‑agnostic lithium‑ion and future sodium‑ion cell technology and demonstrate large‑scale manufacturing in India....
Nigeria’s largest electricity distributor, Ikeja Electric, announced that all business customers must provide a Tax Identification Number, National Identification Number, or CAC registration details to receive valid bills. The company set a seven‑day deadline, requiring submissions by February 20, 2026, after which...
A Federal High Court in Nigeria overturned the 2020 revocation of the Dawes Island marginal field licence, reinstating Eurafric Energy Limited’s rights. The ruling challenges the Ministry of Petroleum Resources’ decision not to renew the licence after a decade of...
MOL Group has secured a 20% stake in Libya’s O7 offshore block through a joint venture with Repsol and Turkey’s TPAO. The block covers over 10,300 sq km in water deeper than 1,500 m, awarded in Libya’s first licensing round in 17 years....
ONE‑Dyas has launched the N05‑A development in the Dutch‑German North Sea, becoming the region’s first offshore gas project to earn MiQ Grade A certification for methane emissions. The field, part of the GEMS area, holds up to 50 billion cubic metres of...
YPF, Eni and XRG have signed a binding joint development agreement to move the Argentina LNG project forward, leveraging gas from the Vaca Muerta shale play. The plan calls for two floating LNG units delivering a combined 12 million tonnes per year...
Oceanbird, the Alfa Laval–Wallenius joint venture, announced its first commercial sale, delivering two Wing 560 wing sails for retrofit in Europe slated for early 2027. The order fills the initial production slots, shifting Oceanbird from prototype demonstrations to a commercial rollout. The...
Singapore’s finance minister said the city‑state may keep its carbon tax near the low end of the $50‑80 per tonne range slated for 2030, after noting a slowdown in global climate momentum. The current levy sits at S$45 (~$35.60) per tonne, already...
China National Offshore Oil Corporation (CNOOC) announced a 40% increase in offshore wind capacity for 2026, targeting 3.5 GW of installed power. The expansion, executed with turbine maker Ming Yang Smart Energy, will roll out advanced turbines across southern provinces. Falling costs...
The Energy Insiders podcast featured Sam Reynolds, head of Octopus Australia, outlining plans to construct the country’s largest battery and the rise of solar‑battery hybrid projects. He explained how falling storage costs and grid‑balancing needs are driving batteries to scale...
Australia’s renewable rollout hinges on grid‑forming inverters, a technology that can mimic the inertia and fault‑current support traditionally supplied by large synchronous condensers. Early results from the 25‑50 MW Darlington Point battery, built with these inverters, show it can stabilise frequency...
Australia’s home battery market has surged past 210,000 installations, spurred by the federal Cheaper Home Batteries scheme. Tech entrepreneur Simon Hackett warns that most of these systems are locked to proprietary software, preventing third‑party control. The scheme only requires VPP‑readiness,...
Natural‑gas spot prices surged as freezing temperatures drove heating demand, but the rally was tempered by broader market weakness. Midwest hub prices posted gains, yet they were insufficient to lift the overall bias, which slipped lower across most regions. Forecasts...
The IRS and Treasury issued Notice 2026‑15 to clarify how the One Big Beautiful Bill Act’s new foreign‑entity restrictions apply to clean‑energy tax credits. The notice defines “prohibited foreign entity,” outlines a material‑assistance cost‑ratio calculation, and provides interim safe‑harbor tables for Sections 45Y, 48E and 45X. Taxpayers can...
New South Wales awarded a 12 GWh long‑duration energy storage (LDES) tender exclusively to lithium‑ion battery systems, highlighting the technology’s cost advantage over pumped hydro. ASL’s technology‑agnostic methodology normalises asset lifespans, allowing batteries with 20‑year horizons to compete on a 50‑year...
GENERAL HVAC Solutions America introduced two new multi‑zone heat‑pump models, the AIRSTAGE Aquila and Aquila XLTH, expanding its H‑Series R‑32 lineup. The Aquila delivers up to 23 SEER2, 10.5 HSPF2 and heats to 5 °F, while the XLTH reaches 23.5 SEER2, 11.5 HSPF2 and operates...
Natural‑gas futures surged early Thursday after the Energy Information Administration reported a 249 Bcf net withdrawal for the week ending Feb. 6, marking a second consecutive week of above‑average draws. The data lifted front‑month prices as traders priced in tighter supplies, but...
TotalEnergies announced that Mexico’s Energía Costa Azul LNG terminal is expected to enter service later this year, adding a new export hub on the Pacific coast. The company projects a total LNG output of 44 Mt per year from its combined...
AGL Energy has begun charging and discharging its first gigawatt‑scale battery, the 500 MW/1,000 MWh Liddell project located beside the de‑commissioned Liddell coal plant. The battery will be commissioned in two 250 MW/500 MWh stages, with the first expected within two months and the...
Natural gas cash prices showed regional divergence on Thursday, with the Henry Hub benchmark rising to $3.425 per MMBtu, up 18 cents, while the NGI Spot Gas National Average slipped 2 cents to $2.955 per MMBtu. The overall market trend...
Vista Energy reported a 57% jump in proved and probable reserves to 588 MMboe at the end of 2025, driven largely by the acquisition of Petronas assets. The reserve replacement ratio surged to 605% overall and 260% on a organic basis....
