Industry News — Energy & Compliance
Short name: Energy News
Aggregated public RSS feeds covering energy, climate and compliance news. Used as Outreach content seeds (not a regulator).
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Open in Browser →Aluminium Gives Up Its War Premium, Copper Stays Elevated
LME Week 2026 kicked off in London on Monday, with industry leaders focused on the macroeconomic outlook for base metals, AI and energy transition demand, as well as critical mineral supply chain resilience. This year's discussions have come at a time when the London Metal Exchange is robustly healthy, recording a 16% year-on-year increase in average daily turnover from January through September. Standard Chartered's commodity analysts expect mixed results for base metals in the coming months. Prices will follow macroeconomic conditions (risk…
Big Oil Eyes Record Profits but Keeps Spending in Check
Oil supermajors have been raking it in since the war in the Middle East began. They are now set to report another robust quarter, even as some jurisdictions where they operate plan to slap windfall taxes on them. The question now is what Big Oil will do with these profits. The answer: it probably won’t be a spending spree. They sure have the money for a spree. If the second quarter is any indication—and it is—oil and gas majors are having a really strong year. Out of all S&P 500 sectors, Energy booked annual growth of 128.2%…
U.S. Energy Red Tape Gives China an Edge
Congress needs to pass the bipartisan bill on permitting reform to accelerate energy infrastructure buildout so that the United States can compete economically and industrially with China, say former economic policy and national security officials who have served six U.S. presidents. The Bipartisan American Affordability and Jobs Act of 2026 was introduced in the Senate at the end of September and is expected to be debated after the mid-term elections when Congress returns from the recess on November 9. The bill would reinforce statutory deadlines…
S&P Global Warns Hormuz Energy Shock Could Become a Global Food Crisis
The world’s ongoing energy crisis is quickly turning into a global food security crisis. Ongoing conflict between some of the world’s most prominent economies on two major fronts – Russia’s war in Ukraine and the United States’ and Israel’s war in Iran – is creating geopolitical shockwaves through critical global trade routes and threatening some of humanity’s most essential commodities, from oil and gas to grain and fertilizer. A "multidirectional squeeze on world agriculture" is taking form,…
As BP Leaves the North Sea, These Independents Are Buying In
Back in July, UK oil and gas major BP Plc. (NYSE:BP) announced that it was putting its entire UK North Sea oil and gas business up for sale as part of a broader $20-billion portfolio overhaul, marking the end of a 60-year era as a leading player in Europe's largest oil basin. BP's North Sea operations produced about 117,000 barrels of oil equivalent per day in 2025 (roughly 5% of BP's total global output) and employed around 1,100 people. BP is hardly alone. Exxon Mobil (NYSE:XOM) and Chevron (NYSE:CVX) have sold their UK North Sea assets in recent…
Macron Says France to Get LNG Supplies from Qatar in Winter
President Emmanuel Macron said France will receive liquefied natural gas from Qatar during the winter months.
Oil Gains After Saudi Oil Field Attack
A deadly Saudi oil field attack and Gulf embassy concerns pushed crude prices higher.
Russia’s Northern Sea Route Workaround Supplying Asian Buyers
Asia-bound Russian crude and fuel supplies are being rerouted as the US-Israeli war on Iran and disruptions in the straits of Hormuz and Bab al-Mandab choke off traditional crude flows from the Persian Gulf. Indeed, Russia increased oil and LNG shipments via the Northern Sea Route (NSR) and utilized shadow fleets to bypass chokepoints and fulfill Asian demand. Reuters reports that Russia’s oil exports through its NSR in 2026 have already exceeded last year’s by nearly 50%, with 20 million barrels shipped to Asia from the July to mid-October…
Washington’s Central Asia Charm Offensive Yields $12 Billion in Deals
Central Asia’s two economic drivers, Kazakhstan and Uzbekistan, seem satisfied with the results of US Secretary of State Marco Rubio’s visit to the region. But Astana and Tashkent both want to see more done to “translate political agreements into concrete investments.” Rubio led a large American delegation that participated in a business forum in the Uzbek city of Samarkand on October 19. The same day he met with the foreign ministers of all five Central Asian states within the C5+1 format and held one-on-one talks with…
Saudi Crude Exports Hit Five-Month High as Production Falls to Record Low
Saudi Arabia's crude exports rose about 7.9% in August from July to 4.451 million barrels per day, the highest since March, while its oil production fell to a record low of 6.24 million bpd, the Joint Organizations Data Initiative (JODI) showed Wednesday, Reuters reported. Production was 8.135 million bpd in July and 6.560 million bpd in May. Exports were 4.125 million bpd in July. In March, they were 4.974 million bpd, JODI data showed in May. Refinery crude throughput fell by 181,000 bpd to 2.297 million bpd in August from 2.478 million bpd in…
Why Are Rare Earth Stocks Falling When Prices Keep Rising?
Here is a question that should be harder to answer than it is: China still controls the rare earth spigot, the latest Trump-Xi summit did nothing to loosen its grip, Japan is about to run out of yttrium, Washington has put a $110/kg floor under NdPr, and Western buyers are paying anywhere from 5x to 346x the Chinese price for heavy rare earths. So why are rare earth stocks down on the year? That is the question Canaccord's critical minerals team led by Reg Spencer asks in an overnight note titled "Rare Earths: Equity disconnect from strong…
GM to Add Hybrids as U.S. Gasoline Holds Above $4
General Motors will add hybrids in multiple segments, CEO Mary Barra told analysts Oct. 20, with US gasoline at $4.28 a gallon, up from $3.04 a year earlier. GM's US sales fell 6% in the third quarter, while Toyota's sales of electrified vehicles rose 28.5%. "We will have hybrids," Barra said on the company's third-quarter earnings call, in answer to UBS analyst Joe Spak. She said GM will give more detail closer to launch. Barra said the hybrids will come in segments where GM already competes. She said much of today's hybrid activity is in compact…
UK Greenlights Major North Sea Gas Field After Years of Legal Battles
A major gas field in the North Sea has been re-approved by the government following years of legal rows with environmental campaigners. The Jackdaw site, a large offshore natural gas field 150 miles east of Aberdeen, has received the official stamp of approval from the government and is expected to supply gas to the UK “by the end of the month”. The project was first green-lit back in 2022, but has faced successful legal challenges from activists over its climate impact. Multiple industry bodies and US President Donald Trump have urged…
India’s Top State Refiner to Reduce Middle East Term Oil Purchases
India’s largest state-owned refiner, Indian Oil Corporation (IOC), will reduce slightly the volumes of Middle East crude oil it will buy under annual term deals in the 2027/2028 fiscal year starting next March, amid uncertainty of supply from the region, an anonymous source with knowledge of the plans told Reuters on Wednesday. IOC initially planned to procure 47% of its crude oil from the Middle East for the coming fiscal year, but it would now “slightly” reduce this share, according to Reuters’ source. Refiners in India…
HKEX Launches “Green Equity” Designation Program
Exchange group Hong Kong Exchanges and Clearing Limited (HKEX) announced the launch of HKEX Green […]
EIA Says US Crude Inventories Sink Further
Crude oil inventories in the United States saw a decrease of 3.1 million barrels during the week ending October 16, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The decrease brings commercial stockpiles to 412.5 million barrels, according to government data, which is now 3% below the five-year average for this time of year. The EIA’s data release follows API’s figures that were released a day earlier, which reported that crude oil inventories had fallen by 4.93 million barrels in…
What Direction Will the Henry Hub Gas Price Take in 2026, 2027?
What direction will the U.S. Henry Hub natural gas spot price take in 2026 and 2027?
Higher Oil Availability Pressures Middle East Crude Benchmarks
Robust crude oil flows out of the Middle East in recent weeks have started to pressure the key metric of strength for physical supply out of the region. The premium of Oman crude over Dubai, the measure of Middle East’s market strength, has slumped this week to the lowest level since the end of July, to $4.22 per barrel, according to data by General Index cited by Bloomberg. The Oman-Dubai crude differential had soared to as high as $65 in March when the Strait of Hormuz was at a virtual closure and no crude cargoes were moving out of the…
Buru Files for Rafael Gas Production License
Buru Energy applied for a production license for the Rafael domestic natural gas project in Western Australia's onshore Canning Basin.
USA to Tap National Diesel Reserve
The Trump administration is tapping an emergency reserve of diesel set aside to heat homes in the Northeast.
Texas Upstream Jobs Down Month on Month
Oil and gas exploration and production employment positions in Texas fell by 500 to 196,400 jobs in September compared to August, the Texas Oil and Gas Association said.
Japan’s Trade Deficit Doubles as Hormuz Crisis Hikes Energy Import Costs
Japan booked a trade deficit of $17.8 billion (2.82 trillion Japanese yen) for April to September, almost double the deficit from a year earlier, government data showed on Wednesday, as the Middle East crisis made energy imports into the resource-poor G7 economy much more expensive. Between April and September, the period right after the Iran war began and choked oil and LNG supply at the Strait of Hormuz, the value of Japan’s exports rose by 18.4% while the value of imports jumped by 20.4%, according to the Finance Ministry’s provisional…
SAFE Workers Strike at Reach Subsea
Nearly a dozen members of the Norwegian energy workers union SAFE have gone on strike at Reach Subsea after government mediation failed to result in an agreement.
EBRD-led lenders back 1.2 GW solar, 600 MWh storage plant in Egypt
A European development bank is arranging up to $265 million for a 1.2 GW solar plant with 600 MWh of storage in Egypt, as part of a debt package of up to $566 million. The post EBRD-led lenders back 1.2 GW solar, 600 MWh storage plant in Egypt appeared first on pv magazine Global .
New financing models needed for agrivoltaics
Speakers at the AgriVoltaics Industry Forum Europe 2026 say rising interest rates, uncertainty over electricity revenues and the need to ensure the long-term viability of farming are making agrivoltaic projects harder to finance. The post New financing models needed for agrivoltaics appeared first on pv magazine Global .
Midterms Could Swing on Diesel
America runs on gasoline but the midterms could swing on diesel, Macquarie strategists warned.
Revealed: Expensive gas behind ‘nearly 90%’ of rise in UK electricity bills
A surge in wholesale costs driven by expensive gas is responsible for nearly 90% of the rise in UK household… The post Revealed: Expensive gas behind ‘nearly 90%’ of rise in UK electricity bills appeared first on Carbon Brief .
Construction innovations could cut gigawatt-scale solar costs by 22%
Research from Lightsource bp finds combining automated foundation piling, steel-frame solar panels, bolt-free solar module installations and on-site pre-assembly could also reduce installation time of gigawatt-sized solar farms by up to 30%. The post Construction innovations could cut gigawatt-scale solar costs by 22% appeared first on pv magazine Global .
Ara Partners Raises $2.5 Billion for Inaugural Conventional Energy Optimization Fund
Energy and industrial transition-focused private equity investor Ara Partners announced that it has raised $2.5 […]
Hyundai, Peak Energy Launch Platform to Expand Renewable Energy in Automotive Supply Chain
Singapore-based renewable energy developer Peak Energy and Hyundai Motor Securities announced the launch of HMS-Peak […]
Woodside Posts Higher Quarterly Revenue
'Increased quarterly operating revenue reflected increased production and strong realized prices'.
Türkiye allows higher-powered batteries behind existing grid connections
New rules boost possibilities for businesses beyond grid-connection allowance for imports, provided controls prevent grid exports and excessive imports. The post Türkiye allows higher-powered batteries behind existing grid connections appeared first on pv magazine Global .
UK Greenlights $3B Jackdaw Gas Project
UK Energy Secretary Miatta Fahnbulleh has greenlit the Jackdaw gas field.
Zambia surpasses 1 GW solar milestone
Official figures from Zambia’s Ministry of Energy confirm the country’s solar capacity now stands in excess of 1 GW, up from 178 MW in 2024. The post Zambia surpasses 1 GW solar milestone appeared first on pv magazine Global .
Fraunhofer silicon-rich cells retain over 83% after 1,000 cycles
Researchers at Germany’s Fraunhofer ISE say their in-house silicon-rich anode pouch cells kept more than 83% of their capacity after more than 1,000 full cycles, but only under high mechanical pressure. The post Fraunhofer silicon-rich cells retain over 83% after 1,000 cycles appeared first on pv magazine Global .
Iran Intensifies Strikes on Ships
At least 23 incidents involving ships attacked in or near Hormuz were logged in the first two weeks of October, with at least five reporting impacts to their engine rooms.
India’s solar industry faces a test of durability and cost
As India’s solar industry matures, manufacturing competitiveness will depend on consistent quality, sustained energy generation and competitive lifecycle costs, not just capacity additions and module prices. The post India’s solar industry faces a test of durability and cost appeared first on pv magazine Global .
Hoymiles releases a 2,000 kWh C&I energy storage solution
Chinese manufacturer Hoymiles has launched a C&I battery storage system with capacities ranging from 2 MWh to 2.61 MWh and power outputs of up to 1.25 MW. The containerized system features liquid cooling, integrated fire protection, and backup power switching in less than 20 ms. The post Hoymiles releases a 2,000 kWh C&I energy storage solution appeared first on pv magazine Global .
Canada Reconsiders Oil & Gas “Abatement” Category in Sustainable Finance Taxonomy
The Canadian Taxonomy and Transition Planning Council announced the release of final Methodology Report for Canada’s […]
Novel PV recycling method removes EVA at 9 grams per second
Researchers in China have developed a preheating-assisted mechanical polishing process to remove ethylene-vinyl acetate (EVA) encapsulants from end-of-life solar modules. The technique reportedly achieves an EVA recovery rate of 99% and a removal rate of 9 g/s, while preserving the integrity of silicon wafers. The post Novel PV recycling method removes EVA at 9 grams per second appeared first on pv magazine Global .
UNEP: Opportunity has ‘been lost’ to meet 1.5C warming limit without ‘overshoot’
A temporary breach of the 1.5C global-warming limit is now “inevitable” following “decades of insufficient climate action”, says the UN… The post UNEP: Opportunity has ‘been lost’ to meet 1.5C warming limit without ‘overshoot’ appeared first on Carbon Brief .
Peru proposes reviving power interconnection with Chile to tap its solar generation
Peru is seeking to revive electricity interconnection talks with Chile to facilitate cross-border power exchanges and make better use of Chile's surplus solar and wind generation. A proposed 1,000 MW transmission link would require an estimated investment of $550 million. The post Peru proposes reviving power interconnection with Chile to tap its solar generation appeared first on pv magazine Global .
How Bad Would It Get If China Blocks Rare Earths to America?
Taiwan is the next pressure point that will test China's weaponization of rare earth metals. When Japan indicated it would not remain neutral in a Taiwan conflict, Beijing responded by sharply restricting exports of several heavy rare earth materials, including dysprosium and terbium. Japan was the test case. With U.S.-China tensions escalating, a confrontation could likely lead to an immediate blockade of Chinese rare earths to American markets, pressuring U.S. defense without firing a single shot. From a defense perspective, it would be disastrous…
Petrobras' Deepwater Push Sets Off a Race for Offshore Vessels
Recently, we reported that the Middle East conflict and subsequent closure of the Strait of Hormuz has triggered an unprecedented spike in freight and shipping rates, with Very Large Crude Carrier (VLCC) spot rates now exceeding $1 million per day. The sharp spike is now reshaping oil flows and forcing producers to cut prices in a bid to help buyers offset extra transport costs. The situation is a little different in Brazil, where the offshore sector is facing a potential vessel shortage as demand outruns supply amid the offshore oil boom, positioning…
Mexico Poised to Approve $12.5 Billion in Renewable Energy Projects
Mexico’s state power utility is today set to greenlight as many as 60 alternative energy projects, most of them solar, that should add 8.2 GW in new generation capacity to the country’s total, according to an unnamed source that spoke to Bloomberg. The total investment in these projects could reach $12.5 billion. The projects set to be approved by the Federal Electricity Commission today may end up being fewer than 60, another source told Bloomberg, also wishing to remain unnamed. However many do get approved, they will go towards reaching…
Europe’s Power Demand Returns to Growth
Despite weakening industrial activity and high energy costs, European electricity demand is bucking years of flailing power consumption. Rising electrification rates and the data center boom are the key drivers of this new trend in Europe’s power demand, which is set to gather momentum in the coming years amid the EU’s energy transition and the global AI boom. Europe’s electricity demand growth is nowhere near the pace seen in the United States and China in recent years, but it’s a marked shift nevertheless, after years…
Energy Costs Are Driving U.S. Inflation, and Wages Aren't Keeping Up
Inflation rates remain blistering high across the United States. The Bureau of Labor Statistics’s most recent Consumer Price Index, released last week, revealed numbers that were higher than most projections, indicating long-term pain for consumers and a nightmare election cycle for Donald Trump. And the reason for all of it is huge and persistent volatility in global oil and gas markets. The October 14 Consumer Price Index showed that overall, prices for goods and services across the United States have risen 3.7 percent over the last…
API: Crude, Product Inventories Continue to Draw
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 4.93 million barrels in the week ending October 16. In the week prior, US crude oil inventories fell by a staggering 11.12 million barrels. Commercial crude oil inventories excluding the SPR have lost more than 56 million barrels over the last 27 weeks, but US crude inventories are still only 5 million barrels below where they were at the beginning of the year, according to API data, kept in check in part thanks to draws from the SPR. For the…
Oil Slips as Iran Talks Fuel Volatility
Oil retreated from five-month highs amid uncertain Iran negotiations and volatile trading.
The Middle East's Next Energy Boom Has Nothing to Do With Oil
A new Middle East energy system came into view at the Energy Trading Week Middle East conference in Dubai last month. The region’s world’s-lowest costs for solar energy appeared with enormous potential to transform how countries consume and export energy in low-carbon products. “Renewable power is actually very competitive now, so the spotlight for this region when it comes to energy transition is around three low carbon products," said Saravanan Manivel, Director for Low Carbon Fuels at ENGIE Global Energy Management & Sales.…
Halliburton Sees Years of Growth as Mideast Rebuilds
Halliburton Co. is predicting years of growth for oil field service work as nations replenish crude reserves and the Middle East rebuilds infrastructure damaged in the Iran war.
One Kurdish Peace Deal Could Ignite Another Middle Eastern Conflict
In October 2025, the PKK (Partiya Karkerên Kurdistanê, Kurdistan Workers' Party) announced it was withdrawing its fighters from Türkiye to northern Iraq as part of a peace effort with Ankara after four decades of hostilities. The statement said all PKK forces in Türkiye were being pulled back to northern Iraq "to avoid clashes or provocations." This followed the group's May 2025 decision to dissolve and a July ceremony where fighters burned their weapons. In late 2025 the PKK also said it had pulled out of the Zap border…
Norway's Gas Production Plunges 12.6% as Europe Heads into Winter
Norway’s oil and gas production declined sharply in September, with natural gas output falling 12.6% from August, according to preliminary figures released Tuesday by the Norwegian Offshore Directorate (NOD). Total petroleum production averaged approximately 3.77 million barrels of oil equivalent per day (boepd), down 10.4% month-on-month and 4% below the directorate’s forecast. The decline comes at a sensitive time for European energy markets, with the winter heating season approaching and Norway remaining the continent’s largest…
Geothermal Just Proved It Can Compete With Solar-Plus-Storage on Price
Geothermal has long been the clean, firm power source that was always a few breakthroughs away from being cheap enough to matter. Numbers buried in a Nevada utility filing suggest that day may have arrived. Joel Edwards, co-founder and CTO of geothermal developer Zanskar, put it bluntly earlier this month: "to all the geothermal believers out there, the flippening has come." In NV Energy's 2026 resource plan, three geothermal offers came in at $105 to $107 per megawatt-hour. That's below the roughly $114/MWh capacity-weighted average for the 11…
EU Stands Firm Against Arctic Oil and Gas Drilling Despite Energy Crisis
The European Union reaffirmed its opposition to Arctic oil and gas development on Tuesday, even as the bloc prepares for another expensive winter with depleted gas storage and prices approaching levels last seen during the 2022 energy crisis. The European Commission's new Arctic strategy calls for keeping oil, coal, and gas reserves in the ground, including in Arctic regions, and preventing hydrocarbon developments that threaten the Arctic ecosystem. Brussels did make one concession. The new strategy drops a 2021 pledge to pursue an international…
Chevron Moves to Take Over Russia's Most Prized Iraqi Oil Field
Back in February, U.S. oil and gas giant Chevron signed four preliminary agreements with Iraq’s Oil Ministry, which underscored that from that point onwards, Washington was determined to regain its influence across a country that it sees as being at least as important as any other of the leading Middle Eastern states for three key reasons. One of the deals was to develop the supergiant Nasiriyah oil field, another was to develop four other exploration blocks in Dhi Qar province, and the third was to develop the Balad oil field in Salahaddin…
Russia’s Oil Export Revenue Slides as Production Declines
Russia’s seaborne crude exports fell to their lowest four-week average in a month after shipments from the Baltic port of Primorsk stopped for several days, according to tanker-tracking data compiled by Bloomberg. Exports averaged 3.59 million barrels per day in the four weeks through October 18, down 110,000 bpd from the previous period. Weekly shipments fell 390,000 bpd to 3.13 million bpd, the lowest since March. Just 31 tankers loaded 21.91 million barrels, compared with 34 vessels carrying 24.63 million barrels the previous week. Primorsk…
The Next Major Oil Supply Shock Could Come From Saudi Arabia
Houthi strikes on Saudi oil infrastructure threaten production as Brent crude hits $108 and the Brent-WTI spread widens to $5. The LNG Market Gets a New War Premium - Asian liquefied natural gas prices soared to their highest since December 2022, as repeated attacks on tankers across the Middle East and Europe’s worsening winter outlook pushed JKM above $30 per MMBtu. - Whilst China’s import giants – China and Japan – have been buying 8-10% less LNG year-on-year, seeking to maximize nuclear and renewable energy generation,…
Inverted ambition
The strong policy support that has driven India’s huge investments in PV module manufacturing has been largely absent from the inverter segment, which still relies heavily on imports. pv magazine spoke with Harshul Kanwar, research analyst at Wood Mackenzie, about the market and prospects for Made-in-India power electronics. The post Inverted ambition appeared first on pv magazine Global .
US and China Battle for Influence in Central Asia as Rubio Seals $12 Billion in
Uzbekistan in recent days has served as an octagon of competition between the United States and China over economic influence in Central Asia. US Secretary of State Marco Rubio led an almost 300-strong American business delegation to the Uzbek city of Samarkand for a business forum, where on October 19, he held talks with the foreign ministers from all five Central Asian states. Uzbek media, citing the Uzbek Ministry of Investment, Industry and Trade, reported that the trip yielded at least 54 business deals worth $12 billion, covering…
Equinor Scales Down Troll Electrification Program
Equinor has scaled back the electrification program for Norway's biggest gas field, saying proceeding with the original plan would result in an untimely loss of production.
Google, McKinsey Sign 320,000 Ton Carbon Removal Deals from Brazil Nature Restoration Project
San Francisco-based carbon removal company Working Trees announced that it has signed a series of […]
Q&A: Why a pivotal IPCC meeting in Ethiopia ended in ‘profound disappointment’
Countries have failed – for the sixth time running – to agree on the timeline for publishing the Intergovernmental Panel… The post Q&A: Why a pivotal IPCC meeting in Ethiopia ended in ‘profound disappointment’ appeared first on Carbon Brief .
How Much Additional Diesel Could Reach the Market?
How much additional diesel could reach the market, and what would that mean for prices?
Lewis to Remain Uniper CEO for 5 More Years
The early reappointment 'provides continuity of leadership during a critical phase of strategic execution', the German power and gas utility said.
Key takeaways from Intersolar Summit Romania
With Romania home to one of Europe’s most dynamic solar markets, the country’s first Intersolar summit brought together industry experts to discuss the challenges and opportunities shaping the market’s next phase, from grid access to storage and energy resilience. The post Key takeaways from Intersolar Summit Romania appeared first on pv magazine Global .
Citgo Raises Profit Outlook by $2B
Citgo Petroleum Corp has raised its 2026 operating profit outlook by $2 billion because of surging fuel margins, according to a document seen by Bloomberg News.
Petronas, Petrovietnam Expand Partnership across Energy Value Chain
Malaysia and Vietnam's national oil and gas companies agreed to explore more joint projects in the upstream and downstream sectors, as well as the energy transition.
Taiwanese PV manufacturers create back-contact TOPCon alliance
Taiwan’s Industrial Technology Research Institute (ITRI) has established a photovoltaic technology alliance with seven domestic companies to develop a local supply chain for tunnel oxide passivated contact back-contact (TBC) solar cells. The institute is also promoting a laser-assisted silver-coated copper electrode technology that could reduce solar cell production costs by 8%. The post Taiwanese PV manufacturers create back-contact TOPCon alliance appeared first on pv magazine Global .
GCL Technology moves to buy LFP cathode maker from founder’s group
Chinese polysilicon producer GCL Technology has signed a non-binding memorandum of understanding to buy a controlling stake in an lithium iron phosphate (LFP) cathode manufacturer owned by its chairman’s family group for about CNY 2.5 billion ($374.3 million), as losses in its core polysilicon business continue. The post GCL Technology moves to buy LFP cathode maker from founder’s group appeared first on pv magazine Global .
U.S. startup launches 200 kWh flywheel energy storage pilot
Individual Pulsar units expected to achieve 500 kWh capacity with 125 kW discharge rate. The post U.S. startup launches 200 kWh flywheel energy storage pilot appeared first on pv magazine Global .
Elevated agrivoltaics for olive cultivation
Spanish olive oil producer Acesur has started building a 3.65 MW agrivoltaic plant featuring elevated solar modules above an existing olive grove in Jaén, Spain. The project will include a 3 MWh battery storage system and supply electricity to the company's nearby packaging facility. The post Elevated agrivoltaics for olive cultivation appeared first on pv magazine Global .
Poland eases connection rules for home batteries up to 2.2x PV power
Polish prosumers will be able to connect batteries with up to 2.2 times the rated power of their PV systems without the storage counting toward installed capacity, under amended rules that take effect Dec. 1. The post Poland eases connection rules for home batteries up to 2.2x PV power appeared first on pv magazine Global .
Amazon Backs New Advanced Nuclear Power Project at a Former Coal Plant
Ohio-based electric utility American Electric Power (AEP), nuclear technology company X-energy and Amazon announced a […]
Why Is the WTI Oil Price Rising More than Brent Intraday?
Why is the West Texas Intermediate oil price rising more than Brent today?
New framework prioritizes fire protection measures for BIPV façades
Researchers in China and Italy have developed a framework to assess fire risks in building-integrated photovoltaic (BIPV) façades, identifying electrical and material-related hazards as key factors. Their analysis highlights rapid shutdown, ignition prevention and fire-spread suppression as priority safety measures. The post New framework prioritizes fire protection measures for BIPV façades appeared first on pv magazine Global .
Norwegian, Danish funds invest in 500 MW Philippine solar project
Development finance institutions from Norway and Denmark have acquired a 49% stake in a 500 MW solar project in the Philippines. The post Norwegian, Danish funds invest in 500 MW Philippine solar project appeared first on pv magazine Global .
EU Invests $3.8 Billion in More Than 75 Net Zero Technology Projects
The European Commission today announced the selection of 77 zero-focused technology projects to receive €3.4 […]
Eni Nears Production at Meleiha Phase 2 in Egypt
The Italian company launched start-up procedures at Meleiha phase 2, designed to process up to 100 million cubic feet of natural gas per day, on Egypt's side of the Sahara Desert.
German DSO cuts residential solar grid connection approval time to 5 minutes
German distribution system operator Netze BW has introduced an automated grid assessment process for rooftop PV systems up to 15 kW. The new system can issue binding grid connection approvals in five minutes, down from an average of 12 days, provided sufficient grid capacity is available. The post German DSO cuts residential solar grid connection approval time to 5 minutes appeared first on pv magazine Global .
Ithaca Energy Looking for New CEO
'The board has commenced a process to identify a successor', Ithaca Energy announced.
EU Policy Draft Softens Language on Arctic Drilling
The wording has been a topic of intense discussions between the trade bloc and Norway, which has lobbied hard for the EU to abandon its climate-based opposition to oil and gas exploration in the high north.
Rabot Raises $56 Million to Create Virtual Power Plants with Home Clean Energy Devices
Climate tech and renewable energy company Rabot Energy announced that it has raised €50 million […]
AIIB Invests $100 Million in TPG’s Global South-Focused Climate Solutions Strategy
The Asian Infrastructure Investment Bank (AIIB) announced an investment of up to $100 million in […]
Robot Wars – How China Has the Robotics Industry in Its Grip
Last year, China started requiring export licenses for rare earth magnets. Within weeks, Elon Musk was telling investors that production of Tesla's Optimus robot had been affected. That's because every humanoid robot needs up to 4.5 kilos of rare earth magnets to move, and China makes more than 90% of the world's supply. It's exactly the problem REalloys (NASDAQ: ALOY) has been building to help solve. The company is putting together a rare earth supply chain outside of China, from processing in Saskatchewan to metal-making in Ohio.…
Blackstone Raises $8.7 Billion for Energy Transition Fund
Alternative asset manager Blackstone announced that it has raised $8.7 billion for the fifth vintage […]
UK Pays Record Sums to Balance Grid as Transmission Falls Behind
The UK is among the most ambitious states when it comes to a transition to a net-zero economy. Also, the UK is struggling with some of the highest electricity prices in Europe—and is paying significant sums to maintain grid balance, even when its wind installations are generating plenty of electricity. Normally, the cost of maintaining a balanced grid, meaning stable and secure supply of electricity, is the highest when the weather affects alternative energy sources. In winter, for instance, solar panels do not generate as much as they do…
Why Invading Iran Could Become America's Biggest Military Mistake
The ghosts of Baghdad and Kabul should be enough to silence any talk of sending American troops into Iran. Yet here we are, more than seven months into a war that began on 28 February with U.S.-Israeli strikes that killed Supreme Leader Ali Khamenei, and voices in Washington and Tel Aviv are again whispering that only boots on the ground can finish the job. Plans to seize Kharg Island, Iran’s main oil export terminal, or push inland to seize Iran’s enriched uranium have circulated since March. They are wrong. An invasion would be a…
New Oil Fields Should Have to Build the Carbon Storage Market
The debate over new oil and gas fields usually ends in a familiar deadlock. Industry argues that production will still be needed for decades, supports jobs and reduces dependence on imports. Climate campaigners respond that every new field locks in emissions incompatible with net zero. Both sides then discuss carbon capture and storage as an afterthought: either a technological excuse for continued extraction or a costly public project unrelated to the licence being approved. There is a more useful option. If a government decides that a new oil…
Oil Prices Hover Near Five-Month High
Brent remained near $110 as technical resistance limited gains despite escalating geopolitical risks.
Colombia’s Critical Minerals Could Be a Game Changer for America
Since taking office, Colombia’s far-right president, Abelardo de la Espriella, has moved aggressively to restore ties with Washington after relations frayed under Gustavo Petro. The rapprochement revives a decades-old strategic alliance that made Colombia one of Washington’s closest partners in Latin America. Early last month, the two countries agreed to deepen cooperation on critical minerals, including rare earths, tungsten and antimony. The move aligns with De la Espriella’s pledge to revive Colombia’s economically vital…
The Sulfur Crisis Threatening the World's Food Supply
Sulfur has become an indispensable element for the modern industrial system, including agriculture. Before the outbreak of the Iran war, 24 percent of the world's supply of sulfur passed through the Strait of Hormuz. I can find no reliable information on whether sulfur is being shipped through the strait now after the Iranian government claimed control. I suspect the amount is close to zero. The sulfur price at the start of the Iran conflict was approximately $500 per metric ton for sulfur originating from the Middle East. It now sits above $800.…
Qatar Offers Lebanon 2 Gas Plants and 20 Years of LNG Piped Through Syria
Qatar is offering to take over Lebanon's power supply problem at no upfront cost to Beirut. A draft program seen by Reuters has Qatar building two gas-fired power plants within three years and QatarEnergy supplying the gas under a 20-year LNG contract, with private financing in place of Lebanese public money. The document leaves payment obligations and guarantees open for negotiation, and Lebanon's state utility currently delivers only a few hours of electricity a day. The National Integrated Energy Investment Program includes two 825-megawatt…
Pakistan’s Growth Slows as Hormuz Crisis Hits Industry
The Middle East crisis is threatening Pakistan’s tentative recovery from the brink with the help of the International Monetary Fund (IMF), as soaring energy prices and the lack of regular LNG supply from Qatar dragged growth in gross domestic product (GDP) well below analyst estimates. Pakistan’s economy grew by 2.0% in the quarter ended June, which is the fourth quarter of its fiscal year 2026, official data by the Pakistan Bureau of Statistics showed on Monday. The GDP growth was more than twice as slow in April to June compared to…
Why Canadian Oil Is Lagging Even As Global Crude Soars
The oil price rally resumed its upward trajectory on Friday after the U.S. Central Command (CENTCOM) confirmed the sinking of the Singapore-flagged container ship following an Iranian Revolutionary Guard Corps (IRGC) projectile strike in the Strait of Hormuz. Brent crude for December delivery jumped 3.33% to trade at $109.50 per barrel at 2.35 pm ET, while WTI crude for November delivery was up 3.41% to change hands at $101.30/bbl, marking the first time the American benchmark has traded above $100/bbl in a month. However, Canadian crude continues…
Canada's Inflation Rises to 3.1% as Fuel Oil Prices Jump 58%
Gasoline and fuel oil pushed Canada's annual inflation rate to 3.1% in September, up from 3.0% in August, as the war in the Middle East kept fuel prices high, Statistics Canada said on Monday. Gasoline prices rose 27.8% from a year earlier, up from 22.8% in August, despite the switch to the cheaper winter blend. Fuel oil and other fuels rose 57.8%, up from 43.7%, with the heaviest burden in Atlantic Canada, where many homes are heated with oil. The overall energy index climbed 19%, up from 15.4%, and transportation costs rose 8.4%. Grocery prices…
What’s Trump’s Thinking Behind The ‘Diesel Deal’ With Russia?
While it is very trendily woke to attack U.S. President Donald Trump whenever possible, the truth is rarely trendy or woke -- it is usually tough, pragmatic, and increasingly unpopular in today’s world. Precisely where his recent decision to import Russian diesel into the U.S. fits into this matrix remains to be seen, but there is a lot more to it than initially meets the eye. So, what is that exactly? On the face of it, there seems little sense to the deal struck between Washington and Moscow that will see Russia release 300,000 tonnes --…
Iraq's October Oil Exports Top 3.4 Million Bpd, Nearing Pre-War Levels
Iraq's oil exports have averaged more than 3.4 million barrels per day so far in October, Oil Minister Bassem Mohammed Khudair told the state news agency INA on Monday. That puts them close to the 3.3-3.5 million bpd Iraq shipped before the war with Iran choked traffic through the Strait of Hormuz. The October figure is a jump of about 750,000 bpd from September, when exports averaged 2.65 million bpd according to the oil ministry. Of that, 250,000 bpd moved through the Iraq-Turkey pipeline to Ceyhan. Khudair said Iraq is now exporting through…
Wright Says Gas Prices Peaked As Brent Holds Above $108
Brent crude futures briefly tagged $109.99 a barrel in overnight trading before retreating from five-month highs during the Asian session and into European trading, as signs of recovering Middle Eastern supply offset renewed attacks on energy infrastructure and critical maritime shipping lanes. US Energy Secretary Chris Wright reinforced expectations of easing fuel prices at the pump, with ABC News quoting him on Sunday as saying gasoline and diesel prices had "peaked." "Both gasoline and diesel prices peaked a few weeks ago," Wright said, adding…
Mozambique Pitches Sasol and ROMPCO on $250 Million Gas Project
Mozambique is in discussions with South African energy firm Sasol and pipeline company ROMPCO to potentially invest in a new $250 million gas project offshore Mozambique that could send more gas to South Africa. Mozambique plans to have floating storage and regasification units (FSRUs) at the new project at the coastal town of Inhassoro and the port of Beira, as the country aims to become a “power hub” for the region, Rudêncio Morais, CEO and chairman of Mozambique’s national oil and gas company, Empresa Nacional de Hidrocarbonetos…