No Customers: Plans for Townsville Hydrogen Project Scrapped After Failing to Find Buyers for the Product
Edify Energy has abandoned its Townsville green‑hydrogen project after failing to secure any off‑take agreements, despite receiving roughly $33 million USD in federal grant funding and a $0.8 million USD ARENA grant for design work. The planned 17.6 MW electrolyser and 21 MW solar‑storage first stage was to anchor a future 1‑GW hub, but the company is now redirecting resources to two 150 MW solar farms and a co‑located 150 MW battery. The move mirrors Fortescue’s recent shutdown of its Gladstone hydrogen plant, underscoring a broader market shortfall for Australian green hydrogen. The cancellations raise questions about the viability of large‑scale hydrogen subsidies and the sector’s shift toward smaller, solar‑centric projects.
Recurrent Energy’s 600MWh Sundown Energy Park Clears Australia’s Rigorous Grid Connection Process
Recurrent Energy Australia secured AEMO’s clause 5.3.4 grid‑connection approval for the Sundown Energy Park in New South Wales. The hybrid project pairs 443 MW of solar PV with a 600 MWh battery energy storage system, linking to the existing 330 kV transmission line. Approval...
Request for Proposal (RFP)
Ratchaburi Power Company Limited (RPCL), a 1,400 MW independent power producer in Thailand, has issued a request for proposals (RFP) for a long‑term diesel fuel supply. The contract is slated to start on 1 November 2026 and run through 30 June 2033, covering the plant’s...
Kinetiko Energy Unveils Rolling Cluster Strategy Targeting 2027 for First Gas Revenue
Kinetiko Energy (ASX: KKO) announced a Rolling Cluster Development Strategy (RCDS) to move from exploration to production, aiming for first gas sales in Q2‑Q3 2027. The four‑phase plan scales from compressed natural gas (CNG) to full‑field liquefied natural gas (LNG) across...
Oil Prices Jump After Strait of Hormuz Setbacks
Oil markets surged about 6% on Sunday as the United States and Iran escalated tensions, prompting a renewed closure of the Strait of Hormuz. Brent crude rose to $95.42 a barrel and WTI to $89.77, reflecting fears of constrained tanker...
EcoGraf and Mitsubishi Chemical Sign Commercialisation Deal for Epanko Natural Flake Graphite
EcoGraf and Mitsubishi Chemical have signed a non‑binding MoU to supply and qualify natural flake graphite and spherical graphite for Mitsubishi’s anode material operations. The agreement envisions up to 10,000 tonnes per year of unpurified or purified spherical graphite, or roughly...
Taiwan May Miss 2030 Renewable Target as Gas Capacity Grows, Minister Says
Taiwan’s renewable share sits at just 15% of electricity, far short of the 30% goal for 2030. Economy Minister Kung Ming‑hsin warned the target may be missed as new natural‑gas plants dilute the renewable mix. The government is refocusing on...
The Power Shift: Why the Future of the Electric Grid Will Be Software-Defined
The electric grid is moving toward a software-defined architecture, where hardware becomes a commodity and protection, analytics, and AI reside in the software layer. Utilities face a talent gap because OT engineers are not equipped to manage modern IT stacks,...
Oil Rising Again as US, Iran Fire on Commercial Traffic While Peace Talks Are Disputed
U.S. forces and Iran’s Revolutionary Guard exchanged fire on commercial vessels in the Gulf of Oman and the Strait of Hormuz, reigniting geopolitical tension in the region. The confrontations pushed Brent crude above $95 per barrel and WTI near $90,...
Battery Recycling Startup Renewable Metals Charges up on $12 Million Series A
Australian battery recycling startup Renewable Metals closed a $12 million Series A round, led by the Clean Energy Finance Corporation and joined by European Metal Recycling, Investible and Climate Tech Partners. The funding will launch a 2,000‑tonne‑per‑year demonstration plant in Kewdale, Western...
Europe's Electrification Push Exposes Gaps in Grids and Policy
The European Union is accelerating its electrification agenda to meet a 2050 net‑zero target, but existing transmission networks are already strained. Grid operators report that capacity gaps could impede the integration of up to 1,200 GW of renewable generation. Policy frameworks...
Middle East Oil Pricing Is Cracking Under Pressure
The Strait of Hormuz shutdown has crippled the Platts Dubai benchmark, forcing Platts to cut its deliverable basket from five grades to just Murban and Oman, a roughly 40% reduction in pricing coverage. Thin liquidity and concentrated trading, highlighted by...
Improving Competitiveness or Meeting Climate Targets: The Draghi Dilemma
EU policymakers, urged by Draghi, are weighing a €5 billion‑per‑year ($5.5 billion) subsidy package for energy‑intensive industries across the Netherlands, Germany and France. A recent CPB‑PBL study using the GREENR model shows that cost‑reducing subsidies improve industrial competitiveness but increase EU emissions,...
OR Launches Self-Service Fuel Pilot
PTT Oil and Retail Business (OR) has begun a market test of self‑service fuel stations, offering a 0.40 baht per litre discount (about $0.011) for drivers who refuel without an attendant. The pilot, launched in early April, currently covers 11 stations...
Petrol Station Night Curfew Considered for Motorists
Thailand’s cabinet is weighing a nightly curfew on petrol stations, limiting sales from 10 pm to 5 am. The move, announced by Prime Minister Anutin Charnvirakul, seeks to heighten public awareness of tight oil supplies and soaring prices while avoiding disruption for essential...
Natural Gas Key to Growth
Natural gas remains a cornerstone of Thailand’s energy mix, supplying about 60% of electricity and accounting for 70% of domestic gas sources. State oil giant PTT Plc aims to become a global‑scale LNG trader, targeting 10 million tonnes of trade by...
Oil and Gas Jump After US Seizure of Iranian Ship Imperils Talks
U.S. Navy forces seized an Iranian vessel, prompting Tehran to close the Strait of Hormuz again over accusations of a U.S. blockade. The move sparked a sharp rally in energy markets, with Brent crude jumping up to 7.9% and European...
India Adds a New Nuke To Its Fleet
India’s 500 MW sodium‑cooled reactor at Kalpakkam reached criticality in April 2026, marking the first operational thorium‑focused plant in the country. The project, overseen by the government‑run Indira Gandhi Centre for Atomic Research, is a cornerstone of a broader strategy to...
Australia’s Fuel Shock Should Trigger a Wider Re-Evaluation of Energy Alternatives
Australia is experiencing a sharp fuel shock as petrol and diesel prices surged to around A$260‑$324 per litre (≈$170‑$215 USD). The spike has pressured the east‑coast gas market, which is tightening ahead of winter, prompting a federal response. Analysts argue...
These US States Are Suspending The Gas Tax To Fight Surging Prices
Rising fuel costs driven by the Iran conflict have prompted several states to temporarily suspend their gasoline taxes. Indiana approved a 30‑day suspension in early April, while Georgia halted its tax until May 19, and Utah plans a July cut. Lawmakers...
U.S. Sets 2026 Oil and Gas Lease Sale in Alaska’s Arctic Coastal Plain
The U.S. Bureau of Land Management announced a lease sale for June 5, 2026 covering 1.56 million acres in Alaska’s Arctic National Wildlife Refuge Coastal Plain. Federal law requires at least 400,000 acres per sale and multiple auctions through 2035, making this the...
Wall Street Just Sent Oil Stocks a Brutal Message After Iran’s Move
U.S. equities surged on April 17 after Iran announced the Strait of Hormuz would remain open, easing fears of a supply shock. Brent slipped to about $88.90 a barrel and U.S. crude to $83.08, prompting a rapid sell‑off in oil‑related stocks....
Vroom, Baby, Vroom: Energy Shock Puts Aussie Graphite in the Box Seat
Australia’s Leliyn Graphite Project, owned by Kingsland Minerals, contains 14.2 Mt of graphite – the country’s largest known deposit – positioning the nation to supply the fast‑growing EV battery market. While global demand for battery‑grade graphite is rising, prices remain muted...
Merz Sets Crisis Talks to Tackle Energy Price Impact on Germany
German Chancellor Friedrich Merz announced he will convene the National Security Council to address the escalating global energy crisis and its impact on Germany. He highlighted the need to secure supplies of gasoline, diesel and aviation fuel as prices surge to...
This Fuel Crisis Could Last for a While. It’s Time for a New Approach to Fuel Use – End It
Australia faces a fuel crisis as the federal government slashes fuel excise, spending roughly $1.7 billion USD over three months to lower petrol and diesel prices. State responses have been piecemeal—Victoria and Tasmania offered temporary public‑transport fare cuts, while other states...
Robots Are Quietly Building the Future of Renewable Energy
Robots are rapidly transforming renewable energy construction and operations by automating tasks from site surveying to turbine maintenance. In California, Maximo’s 3‑meter robots installed 100 MW of solar at double the traditional speed, while Civ Robotics’ CivDot marks 3,000 layout points...
Finance Ministry May Review MOOWR Benefits for Battery Storage Imports
India's finance ministry is set to consult the power and renewable energy ministries about the future of MOOWR customs‑warehousing benefits for imported battery storage systems. The scheme currently defers about 44 % of customs duty and 12 % GST, cutting upfront costs...
India’s March Crude Oil Imports Lowest in 5 Years as West Asia Conflict Chokes Key Transit Route
India’s crude oil imports fell to 18.9 million tonnes in March, the lowest level in five years, as the prolonged closure of the Strait of Hormuz disrupted about 30 % of cargoes that normally transit the route. Imports dropped 2.6 % month‑on‑month and...
Ayala-Led Data Center Builder Inks Supply Deal with Meralco
STT Telemedia Global Data Centers (STT GDC), a joint venture of Ayala Corp., Globe Telecom and STT Global, signed a 10‑year agreement with Meralco’s retail arm MPower to supply up to 40.5 MW of renewable electricity for its Philippine data‑center portfolio....
Prime Infrastructure Plants Tapped to Supply Power After Outages
The Philippines Department of Energy enlisted three Prime Infrastructure‑owned natural‑gas plants to bolster Luzon’s grid after forced outages forced a yellow alert. Prime CoreGen, which acquired the plants from First Gen in 2025, ran its 1,000 MW Sta. Rita, 450 MW San Gabriel and 97 MW...
Trump's Energy Boss: Gas May Stay Above $3-per-Gallon Into 2027
U.S. average gasoline prices have hovered around $4 per gallon, with a recent high of $4.16, according to AAA data. Energy Secretary Chris Wright told CNN that prices likely peaked and could dip below $3 per gallon, but not until...
Japanese Group Proposes $2-Billion Gas-Fired Power Plant for Hawaii
Japan’s largest power generator JERA announced a $2 billion proposal to build a 500‑MW combined‑cycle natural‑gas plant on Oahu. The project would replace aging oil‑fired units, cut electricity costs by about 20 % and be supported by offshore LNG infrastructure, including a...
Britain’s Renewable Energy Glut
Britain is now generating record wind and solar power, with solar output peaking at 14.4 GW and wind output hitting new highs, occasionally surpassing grid demand and forcing curtailments. To absorb the surplus, the government has launched a scheme offering free...
Congress Presses DOE’s Wright on Energy Star
Energy Secretary Chris Wright faced a House Energy and Commerce Committee hearing on April 16, 2026, where lawmakers questioned the Department of Energy’s 2027 budget. The budget omits a dedicated line item for the Energy Star program, which EPA transferred to DOE in...
3 Oil Stocks to Watch After Trump's Raid in Venezuela
U.S. forces captured Venezuelan President Nicolás Maduro on Jan. 3, 2026, sparking speculation of a revival in Venezuela’s oil output. The country holds roughly 303 billion barrels, about 17% of global reserves, and crude prices rose 1% as investors eyed a potential...
Shockwaves: How an Energy Crisis Spreads Across Commodities
A geopolitical flare‑up in the Strait of Hormuz has knocked out roughly 17% of global LNG capacity—about 12‑13 million tonnes per year—creating a multi‑year supply squeeze. The disruption ripples into aluminum, where gas shortages and physical damage delay output for six...
Gas Prices May Not Drop Below $3 a Gallon Until Next Year: Energy Secretary Wright
U.S. Energy Secretary Chris Wright told a House subcommittee that gasoline prices, which have risen to an average of $4.04 per gallon since the February 28 war with Iran, are unlikely to fall below $3 per gallon until next year....
53.5 Lakh LPG Cylinders Delivered in a Day, Govt Assures No Fuel Shortage
The Indian government reported that 5.35 million LPG cylinders were delivered in a single day, confirming uninterrupted household fuel supply despite heightened tensions in West Asia. It highlighted a sharp rise in auto‑LPG consumption, reaching 305 MT per day in April, and...
10th Indian Ship Crosses Strait Amid Firing by Iranian Gunboats
Amid sporadic Iranian gunboat fire that forced two Indian‑flagged tankers to turn back, the tenth Indian‑flagged vessel, Desh Garima, successfully crossed the Strait of Hormuz en route to Mumbai. Iran continues to block the strategic waterway, permitting only limited Indian...
Deendayal Port Facilitates LNG Tank Shipment for Bahamas Terminal Project
Deendayal Port Authority in Kandla facilitated the shipment of INOX India Limited's first batch of 1500 m³ cryogenic LNG tanks for a mini‑LNG terminal in the Bahamas. The dispatch includes ten high‑capacity, double‑walled vacuum insulated tanks and a regasification system, marking...
SWELECT Energy Evaluates Entry Into Wafer Manufacturing Business
SWELECT Energy Systems, a Chennai‑listed solar solutions firm, is evaluating entry into solar wafer manufacturing, aiming to launch within six months. The move aligns with the Ministry of New & Renewable Energy’s proposal to add wafers to the Approved List...
How the AI Boom Is Fueling the US Copper Race
The surge in AI‑driven electricity use is turning copper into a strategic bottleneck for the United States. Domestic production has stalled, forcing reliance on imports while demand is projected to rise over 40% by 2040. Projects like Rio Tinto’s Resolution Mine...
Repsol, Venezuela Agree Terms for Production Increase
Repsol announced a new framework with Venezuela’s state oil firm PdVSA to lift its Venezuelan crude output by 50% within a year and triple it over three years, targeting roughly 135,000 barrels per day. The deal restores operational control of...
Yogi Government to Supply 34,000 MW Power to Consumers Across UP
Uttar Pradesh’s government, led by Chief Minister Yogi Adityanath, has readied roughly 34,000 MW of electricity to meet the state’s extreme summer demand. All newly built thermal units at sites such as Ghatampur, Khurja, Panki, Obra and Jawaharpur are now operational,...
20% DME-LPG Blend Can Cut Imports by 6.3 MT, Save Around ₹34,200 Cr Yearly: Report
A new EY‑Parthenon and New Era Cleantech report finds that blending 20 percent dimethyl ether (DME) with LPG could slash India’s LPG imports by roughly 6.3 million tonnes each year. The reduction would translate into foreign‑exchange savings of about $4.04 billion (≈₹34,200 crore) annually....
Global Shock Feared as Iran Tightens Grip on Hormuz, Qatar Says Impact “Not Far Away”
Qatar’s finance minister warned that Iran’s tightening grip on the Strait of Hormuz could trigger a broader energy and commodity shock within months. The narrow waterway carries about one‑fifth of global energy supplies, a third of fertilizer trade and supports...
India’s LPG Consumption Drops 12.8% in March as West Asia Turmoil Disrupts Supply
India’s LPG consumption dropped 12.8% in March, falling to 2.379 million tonnes, as West Asia tensions disrupted imports that pass through the Strait of Hormuz. Household demand slipped 8.1% while non‑domestic and bulk usage plunged 48% and 75.5% respectively. The government...
'It Would Break My Heart' - Wind Farm Plans Leave People Divided
The Welsh Labour government is fast‑tracking on‑shore wind projects to meet its 2035 goal of 100% renewable electricity, unveiling schemes that could add up to 27 turbines in some locations. Proposals such as the 13‑turbine RES development near Abercarn promise...
How 50 Days of the Iran War Led to the Loss of $50 Billion Worth of Oil
The Iran‑Israel war has knocked roughly 500 million barrels of crude and condensate off the market in just 50 days, erasing about $50 billion in revenue at $100 per barrel. Production in Gulf Arab states fell by 8 million barrels per day in March,...
Electricity Projects Totalling 221GW Removed From Britain's Grid Connection Queue
More than 221 GW of proposed electricity projects have been cleared from Britain’s grid‑connection queue after regulatory reforms aimed at easing long‑standing bottlenecks. The backlog, which once stretched beyond 30 GW, threatened the UK’s 2030 net‑zero goals by delaying wind, solar and...