Industry News — Energy & Compliance
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Aggregated public RSS feeds covering energy, climate and compliance news. Used as Outreach content seeds (not a regulator).
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The U.S. dollar is cracking—and the market knows it. After years of monetary excess, swelling deficits, and policy uncertainty, the world’s reserve currency is losing its grip as a store of value. Capital is fleeing paper promises and piling into hard assets at a pace not seen in decades. Nowhere is this more visible than in precious metals: Gold has surged to above $4,100 per ounce, silver has ripped past $70, and palladium—once written off—has clawed its way back to $1,350. Add an unstable geopolitical backdrop stretching…
Europe Has Entered The Nuclear Golden Age Amid AI Boom
Nuclear power is experiencing a massive revival across Europe, with the regulatory environment shifting decisively in its favor thanks to surging electricity demand from the AI and data center boom, climate goals, volatile global energy markets and the urgent need for structural energy independence. It’s a big wishlist, and nuclear may be the fastest way to realize it. Massive power demand by the tech giants and hyperscalers is exceeding traditional grid capacities in Europe and the United States. AI data centers require huge amounts of baseload…
First Oil Sands Project in 10 Years Starts Production
The first new oil sands project in Alberta since 2014 has started commercial production, aiming for a daily average of 80,000 barrels once it ramps up. The Blackrod project, led by International Petroleum Corp., moved to the first phase of production despite the peak oil demand narrative that has dominated the past decade, especially in Canada. Canadian oil sands have been in the focus of transition attention as especially energy-intensive, meaning emission-intensive, and as a high-cost way of extracting crude oil from the ground. Under activist…
Court Ruling Deals Major Blow to Trump's War on Wind Power
Donald Trump has been battling wind turbines in the court of public opinion and in actual court for over a decade now. Trump has railed about “windmills” repeatedly over the course of his presidential term and campaign trails, calling the technology “so pathetic and so bad” before proudly declaring that no wind power will be approved on his watch. “I can proudly say [...] that we have not approved one windmill since I’ve been in office. And we’re going to keep it that way. My goal is to not let any windmill…
Oil Slips as Hormuz Traffic Resumes
Markets expect Middle East oil flows to recover, though analysts warn supply risks remain.
Germany Considers Extending Oil Reserve Relief Despite Falling Prices
Germany may be getting cold feet about ending its oil reserve waiver. Berlin said this week it is considering extending a temporary reduction in national oil stockpiling requirements beyond the current August 31 deadline, even as markets celebrate the U.S.-Iran agreement and the expected reopening of the Strait of Hormuz. Officially, Germany insists there are no physical shortages. That's true. But governments generally don't keep discussing emergency measures when they're completely comfortable with the situation. Germany joined the International…
How the U.S.-Iran Deal Put A Higher Floor Under Oil Prices
Analysts are back to expecting a huge oil glut next year as they see the U.S.-Iran deal as the end of the worst of the Middle East crisis. The deal is actually just the beginning of long processes of negotiations, a reopening of the Strait of Hormuz, recovery of the more than 13 million barrels per day (bpd) of shut-in oil production in the Middle East, and a world so low on inventories – except in China – that refilling these will support oil prices for months to come. If the deal holds. Every assumption about global oil…
Shipping Costs Soar as Hormuz Crisis Reshapes Global Trade
The Middle East war has upended global shipping, raising bunker fuel costs, altering trade routes, and forcing shippers and their container cargo customers to adapt to a new reality. Soaring costs of marine fuels have brought forward the peak cargo shipping season to the spring, ahead of additional fuel costs that vessel owners will roll into annual contracts as of July 1. As a result of the expected higher fuel costs and in anticipation of potentially higher U.S. tariffs on imported goods as of July, imports of container cargo volumes jumped at…
OPEC’s Oil Demand Bet Is on India, Not Europe
Every year, OPEC releases a long-term outlook that says oil demand will keep growing. Every year, critics roll their eyes. This year, OPEC doubled down. In its World Oil Outlook 2026, the producer group said global oil demand will climb from 105.1 million barrels per day in 2025 to 113.3 million bpd by 2030 and top 124 million bpd by 2050. More importantly, OPEC says there is still no peak oil demand in sight. That's a bold claim in a world where EV sales dominate headlines, governments continue talking about net-zero targets, and energy transition…
Azerbaijan Moves Into Uzbekistan’s Fast-Growing Mining Sector
Azerbaijan and Uzbekistan are strengthening economic connections, signing a variety of agreements covering mining, banking and tourism. Uzbek Prime Minister Abdulla Aripov and his Azerbaijani counterpart, Ali Asadov, presided over a signing ceremony on June 16 in Tashkent of a cooperation agreement under which the two countries will jointly develop an Uzbek gold deposit as well as other mineral resources. Ural Yusupov, Uzbekistan’s deputy mining minister, previously indicated that Tashkent was intent on conducting…
Oil Prices Are Crashing. Inventories Tell A Different Story.
Oil traders have gone from pricing in the worst supply disruption in modern history to pricing in a recovery that hasn't happened yet. Inventory data suggests they’re getting ahead of themselves. Brent crude fell below $77 per barrel on Thursday, the lowest level since the early days of the Middle East war, after the United States and Iran signed a memorandum of understanding aimed at reopening the Strait of Hormuz and launching 60 days of negotiations toward a broader agreement. The market's verdict was immediate: sell first, ask questions…
Sweden Picks Rolls-Royce for First New Reactor Since the 1980s
Rolls-Royce SMR just added its third major European contract. Videberg Kraft, backed by Sweden’s utility Vattenfall, selected the UK design for three units on the west coast, making it Sweden’s first new nuclear plant in more than forty years. The multibillion-pound export win, actively supported by UK government trade efforts, lands on top of existing deals in the UK and Czechia and makes Rolls-Royce the only SMR developer with multiple binding commitments across the continent. We tracked when the UK advanced its own program, Great…
High Tanker Rates Disrupt Persian Gulf Oil Shipments to Asia
The biggest state-owned refiners in China and India have failed to procure supertankers to load crude from the Persian Gulf later in June as tanker rates are too high and guarantees on safe passage through the Strait of Hormuz lacking, Reuters reported on Thursday, quoting company and shipping sources. In the past few days, energy giant PetroChina has received six offers in a tender to procure a very large crude carrier (VLCC) to load Basrah crude from Iraq. PetroChina did not like any of the offers as freight prices were triple compared…
The AI Spending Boom Is Creating a Depreciation Time Bomb
The eye-watering capital expenditure plans of Big Tech has been one of the year’s biggest stories. Google, Meta, Amazon, and Microsoft have all splurged to secure a podium spot in the race to build out the infrastructure that will run the artificial intelligence (AI) revolution. Total capex by these four firms is expected to reach $750bn (£560bn) this year, around half the annual spending of the entire UK government. It is much higher than this high-tech quartet has budgeted for before. And it is expected to be even higher next…
Trump Administration Signs $765 Million Deal with Invenergy to Swap Offshore Wind Projects for Natural Gas, Geothermal
The U.S. Department of the Interior announced that it has signed a new agreement with […]
India's Pump Prices Stuck Even As Global Crude Crashes
India’s fuel prices will remain elevated for some time despite the declining international crude prices, according to India’s Union Minister of State for Petroleum and Natural Gas, Suresh Gopi. Indian drivers will not see immediate relief at the pump as fuel retailers will need time before starting selling cheaper diesel and gasoline, Gopi said on Thursday, as quoted by Indian media. There will be a lag between the current slide in international crude oil prices and the refiners and retailers obtaining the cheaper crude supply, the…
Why the Moment for a Deal Could Not Be Better for Iran
Iran does not need a deal right now because its military or political room for manoeuvre has narrowed. It needs one because the crisis has turned oil (Tehran’s most important economic weapon) into a problematic asset. For years, Iran’s export model survived sanctions by leaning on China, discounted barrels, ship-to-ship transfers, and a shadow logistics chain running from Kharg Island to Malaysia, Singapore and China’s independent refining system. The crisis in the Strait of Hormuz has not destroyed that model, but it has hit…
Hormuz Shipping Activity Accelerates
A growing stream of stranded oil is making its way out of the Strait of Hormuz while empty Iranian vessels rush in, as the U.S.-Iran interim peace deal sparks one of the biggest days of activity since the conflict began.
BoE Integrates Net Zero Transition Risk into Collateral Framework
The Bank of England (BoE) issued a new Market Notice outlining changes to its collateral […]
ExxonMobil Backs 1st South African LNG Import Terminal with Supply Deal
Zululand Energy Terminal, being developed as South Africa's first receiving terminal for liquefied natural gas, announced a preliminary agreement for ExxonMobil to supply LNG to the facility.
100×100 Launches $100 Million Fund to Build 50 New Climate Tech Companies
Singapore-based climate company builder and fund management platform 100×100 announced the launch of its second […]
Sable Seeks $1B Loan
The owner of the Santa Ynez Unit in California launched a marketing process for a senior secured term loan with a principal amount of up to $1 billion.
Equinor Targets 150,000 Boed Production Growth by 2030
The majority state-owned energy major plans 6-8 tieback projects offshore Norway each year.
CHINT uses integrated approach to build a resilient business model
Dr. Chuan Lu, Chairman & CEO of Astronergy, and a Director of CHINT Group, says the company’s next phase of growth will include green fuels and virtual power plants. The post CHINT uses integrated approach to build a resilient business model appeared first on pv magazine Global .
EQT Signs Record $4.4 Billion Sustainability-Linked Loan Tying Rates to Portfolio Companies’ Performance Against Material Targets
Private equity and venture capital investor EQT Group announced that it has established a new […]
Iran targets 15 GW of small-scale solar
Iran’s Renewable Energy and Energy Efficiency Organization says it is looking to shift part of its focus towards small-scale power plants, including installations with hybrid inverters and batteries. The post Iran targets 15 GW of small-scale solar appeared first on pv magazine Global .
India may exceed 60 GW of solar cell capacity by end of Q1 2027
Crisil expects India’s domestic solar cell supply to rise to about half of demand by fiscal 2026–27, driven by localization policies and capacity expansion, but warns that rapid buildout could pressure utilization and returns. The post India may exceed 60 GW of solar cell capacity by end of Q1 2027 appeared first on pv magazine Global .
Clean Fuel Startup Kvasir Raises €10 Million to Decarbonize Marine Transport
Danish biofuel startup Kvasir Technologies announced today that it has raised €10 million (USD$11.1 million) […]
Q&A: What do China’s provincial five-year plans say about climate and energy?
China’s provincial-level governments have now all published their 15th five-year plans – economic and social... The post Q&A: What do China’s provincial five-year plans say about climate and energy? appeared first on Carbon Brief .
EU Steel Giants Warn Rising ETS Carbon Costs Risk “Destroying” Industrial Base
Three of Europe’s largest steelmakers, ArcelorMittal Europe, thyssenkrupp Steel, and voestalpine, announced the publication of […]
Oxford PV achieves 25.6% efficiency for perovskite-silicon tandem module based on shingled design
Oxford PV reported a 25.6% efficiency for a perovskite–silicon tandem module using Fraunhofer ISE’s Matrix Shingle architecture, marking the first successful integration of both technologies. The shingled, busbar-free design reduces resistive and shading losses while improving energy yield, durability, and module-level performance. The post Oxford PV achieves 25.6% efficiency for perovskite-silicon tandem module based on shingled design appeared first on pv magazine Global .
Scatec starts building 120 MW of solar in Tunisia
Construction of the 120 MW Sidi Bouzid II solar plant in Tunisia is now underway after the €96 million ($110.1 million) project reached financial close. The post Scatec starts building 120 MW of solar in Tunisia appeared first on pv magazine Global .
GameChange Energy integrates platforms to simplify utility-scale solar
Managing multiple suppliers across trackers, eBOS, transformers, and O&M adds cost and risk to every utility-scale project. A more integrated approach from manufacturers – most recently, GameChange Energy – streamlines both procurement and construction, reducing risk for developers and EPCs, according to the company’s CEO, Phillip Vyhanek. The post GameChange Energy integrates platforms to simplify utility-scale solar appeared first on pv magazine Global .
Refinery Hit as Ukraine Pounds Moscow
Russia's capital faced a record air bombardment overnight, with drones reaching the Moscow Oil Refinery, disrupting airport operations and forcing the closure of several major roads in and around the city.
Eskom Reports Sustained Improvements in Grid Reliability
The South African state-owned utility continues to register improvements in electricity supply reliability as winter demand escalates, reporting nearly 400 consecutive days without power interruptions from mid-May.
Mongolia tenders 110 MW of solar
A tender is open in Mongolia for the development of 110 MW of solar tied to 52 MW/188 MWh of battery energy storage across five different sites. The deadline for expressions of interest is August 16. The post Mongolia tenders 110 MW of solar appeared first on pv magazine Global .
Argentina advances 232 battery bids in AlmaSADI tender
Argentina has cleared 232 of 235 bids totaling 8.3 GW to proceed in its AlmaSADI storage tender, after proposals exceeded the scheme’s 700 MW reference target by almost 12 times. The post Argentina advances 232 battery bids in AlmaSADI tender appeared first on pv magazine Global .
Portugal plans capacity market with dedicated battery storage auction
Portugal is developing a capacity market open to batteries, power plants and flexible demand, and has reaffirmed plans to auction 750 MVA of battery storage capacity. The post Portugal plans capacity market with dedicated battery storage auction appeared first on pv magazine Global .
US, Iran Peace Pact Takes Effect
President Donald Trump signed an interim deal to end the war with Iran and reopen the Strait of Hormuz, speeding up the timeline for the agreement to go into effect despite blowback from Republicans who said it amounted to a victory for Tehran.
IPVF, TU Delft achieve 31% efficiency for 4 cm2 perovskite-silicon tandem solar cell
Researchers from IPVF and TU Delft have achieved 31% efficiency on a 4 cm² two-terminal perovskite-silicon tandem solar cell using nanotextured silicon heterojunction bottom cells and ambient-air slot-die coated perovskite layers. The post IPVF, TU Delft achieve 31% efficiency for 4 cm2 perovskite-silicon tandem solar cell appeared first on pv magazine Global .
Vertoro Raises $20 Million to Scale Plant-Based Clean Fuel Technology
Climate technology startup Vertoro announced today that it has secured €17 million (USD$19.7 million) in its […]
The Invisible Energy Crisis Threatening to Derail the AI Boom
Every AI boom forecast being published right now — every bull case, Big Tech earnings call, and valuation model — seems to be making the same assumption. The electricity will be there to power it when they need it. It won’t. Bitzero (NASDAQ: AIBZ) spent the last four years betting against that assumption. The company locked in more than a gigawatt of low-cost power across Norway, Finland, and North Dakota, well before the rest of the industry started fighting over every available megawatt. The company is already cash flow positive,…
State of Global Oil Inventories Ruins Iran Peace Optimism
As oil benchmarks crash and Brent slips below $80 per barrel, a growing number of analysts are sounding an alarm: Hormuz may reopen, but oil production in the region would not rebound immediately—and the world’s oil inventories are depleting. Back in May, Carlyle Group’s Jeff Currie warned that by July, parts of the world would face what he dubbed “minimum operational levels” of crude oil supply due to depletion resulting from storage withdrawals to avoid shortages amid the Hormuz crisis. Energy Aspects analysts also…
The Diesel Demand Shock Nobody Is Pricing In
The Truck Exception Isn't as Big as You Think When I recently argued that the internal combustion engine may already have passed its peak, many readers responded with a familiar objection. Cars are one thing, they argued, but trucks are different. Passenger vehicles can be electrified because they drive predictable distances, return home every evening, and increasingly benefit from lower operating costs. Long-haul trucking, by contrast, depends on heavy payloads, long distances, and energy densities that batteries supposedly cannot provide. While…
Clean Energy Investment Hits $2.2 Trillion, Nearly Double Fossil Fuels
Despite historic political headwinds against the global decarbonization effort, clean energy spending continues to see a meteoric rise around the world. The International Energy Agency’s World Energy Investment 2026, published in May of this year, projects that of the $3.4 trillion dollars that the world will spend on energy investments this year, $2.2 trillion will go to clean energy, and just $1.2 trillion will go to fossil fuels. This marks a historic shift in energy spending and in energy security priorities on a global level. Worldwide,…
Crude Stabilizes After Sharp Selloff
Oil edged higher, but prices remain under pressure as a US-Iran peace deal could restore major supplies to the market.
Whatever Happened to the Promise of Cheaper Electricity?
As readers of Adam Smith know, the market functions to provide consumers with goods and services at the lowest price (within limits set by law). Yet, several years ago, we submitted a piece claiming that restructuring the electricity industry had not produced noticeable consumer benefits, and the irate peer reviewer (we suspect a big shot restructuring maven ) retorted that you can’t prove a negative but added, “Who said that restructuring was supposed to benefit consumers?” On the first point, we simply opined that consumer benefits…
How the Oil Sands Became the Lowest-Cost North American Producer
After the oil price crash of 2014-15, global energy majors like BP (NYSE:BP), Chevron (NYSE:CVX), and TotalEnergies (NYSE:TTE) sold their interests in the Canadian oil sands, at the time classifying their Canadian operations as among the most expensive and least profitable. Thus, the majors redirected capital to cheaper oil production, favoring US shale for its quicker drilling time and returns. They may end up regretting that decision. According to a recent report, via the Canadian Energy Centre, the oil sands have become one of North America’s…
Kazakhstan Bets $10 Billion on AI With Nvidia-Backed Data Center Valley
The Kazakh government has inked a $10 billion deal with US chip-making giant Nvidia and an Armenian-American cloud company to develop a 'Data Center Valley' in the country’s northern Pavlodar region. The deal is seen as anchoring a broader effort to turn Kazakhstan into a global digital hub. Kazakhstan recently adopted a development strategy called “Digital Qazaqstan“ to guide the country’s transformation into a cognitive economy through 2029. “Digital Qazaqstan represents a fundamental transition of Kazakhstan…
IEA Sees Massive Oil Surplus In 2027 As Middle East Supply Returns
The global oil market could swing from one of the largest supply disruptions in history to a surplus of more than 5 million barrels per day next year if Middle East production and exports recover following the U.S.-Iran peace agreement, the International Energy Agency (IEA) said on Wednesday, as reported by Reuters. In its first outlook for 2027, the Paris-based agency forecast global oil supply growth of 8 million barrels per day, far outpacing projected demand growth of just 2 million bpd. The result would be a supply surplus of roughly 5 million…
Artificial Intelligence Is Driving a Geothermal Energy Boom
The artificial intelligence boom is fueling an energy revolution. The extreme electricity demands of the fast-growing sector are kicking the research and development of a huge number of next-gen energy alternatives into overdrive, with particular attention to clean energy sources that can provide power 24/7. As a result, the private and public sectors alike funnel billions into nuclear fusion and enhanced geothermal, among other future-facing baseload energy sources. In recent years, geothermal has emerged as a majorly promising solution for round-the-clock…
Exxon Set to Supply LNG to South Africa’s First Import Terminal
ExxonMobil and the company developing South Africa’s first LNG import terminal have signed a preliminary agreement for the U.S. supermajor to supply LNG to the proposed import terminal at the Port of Richards Bay, Zululand Energy Terminal (ZET) said on Wednesday. The Zululand Energy Terminal is being developed as a joint venture between Vopak Terminal Durban and Transnet Pipelines, and is expected to be South Africa’s first LNG import facility, enabling the import, storage, regasification, and distribution of LNG to both power generation…
Shipping Industry Remains Wary Despite U.S.-Iran Agreement
Shipping firms remain reluctant to navigate the Strait of Hormuz sea passage despite this week’s peace deal, according to a boss of the industry’s lobby group who warned that trade volumes will not return to full capacity until next year. Peter Aylott, director of policy at the UK Chamber of Shipping, told City AM that firms would need to see a “fairly robust string of evidence” that tankers stuck in the Persian Gulf could leave free from before they would have the confidence to sail through the strait after the deal. “We’re…
TotalEnergies: Saudi Refinery Won’t Fully Recover Until 2027
A major Saudi Arabian refinery damaged during the Iran conflict will not return to full operations until early 2027, according to TotalEnergies CEO Patrick Pouyanné, raising fresh concerns about the pace of recovery in global fuel markets even as a U.S.-Iran peace agreement moves forward. Speaking before France’s National Assembly on Wednesday, Pouyanné said the 460,000-barrel-per-day SATORP refinery in Saudi Arabia is still operating at only 70% capacity after being struck by three drones in April. “Our Saudi Arabian…
Iraq Readies to Boost Oil Exports When Hormuz Reopens
There are already signs of shipping activity, with Iran moving its own oil tankers and other vessels changing course to head toward the Persian Gulf even before Washington and Tehran sign an interim agreement to end their hostilities later this week.
British Airways Signs SAF Purchase Deal Avoiding Nearly 200,000 Tonnes of Carbon Emissions
Biofuels producer EcoCeres announced a new multi-year sustainable aviation fuel (SAF) transaction with British Airways, […]
US Crude Oil, Gasoline Inventories Still Falling: EIA
Crude oil inventories in the United States decreased by 8.3 million barrels during the week ending June 12, according to new data from the U.S. Energy Information Administration (EIA) released on Wednesday. The decrease brings commercial stockpiles to 418.2 million barrels, according to government data, which is now 6% 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 saw a draw of 8.33 million barrels in the period.…
Frontier Raises Over $900 Million for Carbon Removal Investments from Google, Anthropic and Others
Carbon removal advanced market commitment (AMC) coalition Frontier announced that it has doubled its funding, […]
Poland Moves To Tax Fuel Windfalls Earned During Iran War
Poland’s government has approved a one-off windfall tax on fuel companies that benefited from soaring energy prices during the U.S.-Iran-Israel war, seeking to recover part of the billions spent protecting consumers from higher fuel costs. The proposed levy would impose a 60% tax on excess profits generated between March and December 2026, during the closure of the Strait of Hormuz. The Polish Finance Ministry estimates the measure will raise around 4 billion zloty (~$1.1 billion). Under the proposal, excess profits would be calculated using…
Cropped 17 June 2026: Coral reef ‘hope’ | Ocean talks | Plant flowering times ‘shift’
We handpick and explain the most important stories at the intersection of climate, land, food... The post Cropped 17 June 2026: Coral reef ‘hope’ | Ocean talks | Plant flowering times ‘shift’ appeared first on Carbon Brief .
Trump Signals Renewed Focus on Ukraine After Iran Deal Breakthrough
US President Donald Trump held a "very good meeting" with his Ukrainian counterpart, Volodymyr Zelenskyy, at the G7 summit in France, he told journalists on June 16, adding that "Russia should make a deal" while hinting that Europe's largest conflict since World War II might be moving up his priority list. US efforts to broker peace in the conflict that has raged since Russia's full-scale invasion of Ukraine in 2022 have largely stalled in recent months, particularly since US and Israeli air strikes began the war with Iran on February 28. But Trump…
Mars Reaches 100% Renewable Electricity in U.S. Operations
Snacking, food, and pet care products provider Mars announced a new sustainability milestone, reaching 100% […]
CLNE to Deliver LNG Systems for 2 Power Projects in Puerto Rico
Clean Energy Fuels won contracts to design and install liquefied natural gas fuel systems for 2 power projects in Puerto Rico by PR Energy Partners and an unnamed international healthcare manufacturer.
India curtailed 2.1 TWh of renewable electricity in fiscal year 2025–26
Ember's analysis found that about 2.1 TWh of renewable electricity generation was curtailed in fiscal year 2025–26, equivalent to 1.3% of total renewable generation, to keep coal-fired power plants operating at their minimum technical load. The report estimates that around 10 GWh of energy storage, charged during peak midday solar generation hours, would have been sufficient to absorb this surplus renewable output, maintain coal plants above their minimum technical load, and avoid the curtailment altogether. The post India curtailed 2.1 TWh of renewable electricity in fiscal year 2025–26 appeared first on pv magazine Global .
Korean developers propose 500 MW solar project in Zambia
A Korean delegation is in talks with the Zambian government to build a 500 MW solar project in Zambia. A government ministry says the project is large enough to close a third of the country's current energy deficit. The post Korean developers propose 500 MW solar project in Zambia appeared first on pv magazine Global .
Rept Battero unveils 320 Ah sodium-ion cell for long-duration storage
Rept Battero has unveiled a 320 Ah sodium-ion battery cell for long-duration energy storage, claiming more than 20,000 cycles. Commercial production is scheduled to start in 2027. The post Rept Battero unveils 320 Ah sodium-ion cell for long-duration storage appeared first on pv magazine Global .
Iberdrola Issues €1.5 Billion Green Bond to Finance Grid, Renewables Investments
Global energy and electricity provider Iberdrola announced today that it has raised €1.5 billion (USD$1.7 […]
TotalEnergies Doubled Oil Trading Profit in Q1
TotalEnergies's oil trading profits doubled to about $1 billion in the first quarter as the energy giant went on a crude buying spree in the run-up to the Iran war, its CEO said.
Iberdrola Raises $1.7B from Debt Instrument Sale
'The proceeds will be used to finance network investments in Iberdrola's core markets, as well as to refinance selected renewable energy projects'.
ISO Releases Draft Net Zero Standard
The International Organization for Standardization (ISO) announced on Wednesday the release of its long-awaited draft […]
Solar sector corporate funding increases 131% year-over-year
Total corporate funding into the solar sector, including venture capital, public market financing, and debt financing, reached $11.1 billion through the first quarter of 2026, according to a report from Mercom Capital Group. The post Solar sector corporate funding increases 131% year-over-year appeared first on pv magazine Global .
China Resources New Energy launches Shenzhen IPO targeting record $3.4 billion raise
The proceeds will fund 7.18 GW of wind and solar projects across China, supporting the company’s expansion and its parent’s strategy to separately list its renewable energy business on the mainland. The post China Resources New Energy launches Shenzhen IPO targeting record $3.4 billion raise appeared first on pv magazine Global .
Mining company opens 30 MW solar tender in Botswana
A tender is open in Botswana for a 30 MW solar project that will supply electricity to a diamond mine. The deadline to submit expressions of interest is July 10. The post Mining company opens 30 MW solar tender in Botswana appeared first on pv magazine Global .
Former BP CEO Looney Joins Board of Fusion Power Developer
Type One Energy named Bernard Looney, who resigned as BP chief executive in 2023 as he admitted failing to sufficiently disclose personal relationships with colleagues, to its board of directors.
Spain records 397 hours of negatives prices in Q1
Spain faces a surge in negative electricity prices driven by rapid solar growth outpacing short-term demand, exposing vulnerabilities in merchant renewable projects. Spanish PV association UNEF argues the imbalance is temporary, as new electricity-intensive demand is expected to materialize within 3–5 years. The post Spain records 397 hours of negatives prices in Q1 appeared first on pv magazine Global .
DFC, I Squared to Form $3B Platform to Expand US Energy Reach in Asia
The platform 'will help strengthen energy connectivity between the United States and the Indo-Pacific region, including expanded access to U.S. LNG and related energy exports'.
Dunext releases 261 kWh C&I storage system
Dunext has launched a 261 kWh PowerHill C&I energy storage system with LiFePO4 batteries, liquid cooling, 125 kW power output, IP55 protection, and scalable deployment of up to 10 units in parallel. The post Dunext releases 261 kWh C&I storage system appeared first on pv magazine Global .
Korean scientists build shingled solar module for thermoelectric generators
Researchers at the Korea Institute of Energy Research developed a shingled photovoltaic module designed for efficient integration with thermoelectric generators (TEGs) to harvest waste heat via the Seebeck effect. The series-connected strip architecture enables high-voltage, low-current operation that reduces TEG resistance losses, achieving scalable, load-resilient PV–TEG systems with improved efficiency and reliability. The post Korean scientists build shingled solar module for thermoelectric generators appeared first on pv magazine Global .
Bloomberg Launches Portfolio Climate Alignment Scoring, Scenario Analysis, Emissions Tracking Tools
Business and financial markets information service provider Bloomberg announced today the expansion of its climate […]
Fox ESS to unveil new products alongside rebranding at Intersolar Europe 2026
Fox ESS will showcase its new branding at Intersolar Europe 2026 with an expanded exhibition presence that offers over 300㎡ of space dedicated to new products, immersive brand storytelling, and its global campaign message: “The Champion’s Choice.” The post Fox ESS to unveil new products alongside rebranding at Intersolar Europe 2026 appeared first on pv magazine Global .
Iran to Get Major Economic Relief under US Deal
Iran would be allowed to start oil exports immediately under an interim deal with the U.S. and gain access to a $300 billion economic development program following negotiations for a permanent peace meant to address Tehran's nuclear activities.
The Smartest Way to Play the AI Boom in 2026
If you've been investing in the AI boom, you probably own most of the same names everyone else does. NVIDIA for the chips. Microsoft, Google and Amazon for the cloud. Maybe Meta for the consumer side. Maybe Palantir or one of the AI software names. Possibly TSMC for exposure to the manufacturing layer. And that playbook has worked well for investors. NVIDIA alone has minted more wealth in two years than most companies create in a century. The hyperscalers have all hit fresh highs. AI software stocks that were speculative bets in 2022 now trade…
China Reclaims Solar Crown With Record-Breaking Perovskite Panel
Last year, South Korea’s Qcells set the world record for large-area silicon solar cell efficiency, a development that promised to dramatically shrink the size of solar projects and slash costs. Qcells, a subsidiary of South Korea’s giant conglomerate Hanwha Corp, set the world record after achieving 28.6% efficiency by combining a top light-absorbing layer of perovskite with a bottom silicon layer to capture a broader spectrum of sunlight. For some context, high-end commercial solar panels typically operate at 21% to 23% efficiency,…
Taiwan’s Energy Crisis Shows the Cost of Import Dependence
The issue of energy dependence and its consequences has, in recent months, become a major topic of discussion. The Hormuz crisis has brought energy security to the political agenda with a vengeance amid fuel price caps, rationing, and warnings of severe shortages. A lot of countries have been used as examples of either low dependence and therefore insulation against shocks, or high dependence that has resulted in a lot of economic pain. In the latter category, Taiwan stands out as a particularly noteworthy case: the nation depends on imports…
US Crude Oil Inventories Down Again, Losing 52 Million Barrels in 9 Weeks
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 8.33 million barrels in the week ending June 12. Analysts had expected a 4.5 million draw. In the week prior, US crude oil inventories fell by a rather large 9.119 million barrels. Although inventories have been falling rapidly for the last 2+ months, shedding 52 million barrels over the last nine weeks, US crude inventories are only down 1.4 million barrels so far this year, according to API data. Inventories in the US Strategic Petroleum Reserve…
Egypt Clears $6 Billion in Energy Debt and Opens Door to a New Gas Boom
The announcement from Egypt’s petroleum and mineral resources minister Karim Badawi that the country has paid all its outstanding debts to foreign oil firms is as welcome to international oil companies and their governments as it is to the country itself. Egypt has become one of the West’s prime targets in the hunt for replacement gas supplies after the loss of Russian flows following the 24 February 2022 invasion of Ukraine. Officially, it holds around 93 trillion cubic feet (Tcf) of proven natural gas reserves, but unofficially, it…
Oil Extends Losses as Hormuz Reopens
Oil fell for a fourth straight session as a US-Iran deal to reopen the Strait of Hormuz improved expectations for increased crude supply.
AI Power Hunger Sparks Push for Energy Efficiency
The surge of AI and the data center boom have started to pose challenges to the global energy system amid soaring power demand, spiking energy bills, and a higher environmental footprint. As much as AI is changing the world and the economy, it could also offer assistance to one of the energy sector’s most pressing needs in times of rising demand, uncertainty in fossil fuel supply, and inflationary and supply-chain pressures in the renewables industry—energy efficiency. AI could be the tool to help unlock additional energy gains and…
Norway Moves to Extend the Life of Europe’s Most Important Oil Field
Norway is moving ahead with the next phase of development at Johan Sverdrup, a project designed to help maintain production from the oil field that has become one of Europe's most important sources of crude supply. According to Equinor, new discoveries in the Johan Sverdrup area have laid the foundation for Phase 4 of the giant North Sea field. Preliminary estimates indicate resources of around 20 million barrels of oil and approximately 30 million barrels of oil equivalent, with production expected to begin in 2029. The volumes are modest compared…
Oil Prices Crash as Traders Bet the War Is Over
The oil market just did something remarkable. After spending months pricing in tanker attacks, shut-in production, damaged LNG facilities, and the largest supply disruption in modern oil market history, traders are suddenly betting the crisis is ending. Brent crude futures fell below $79 per barrel on Tuesday, its lowest level since March, after the United States and Iran digitally signed a peace agreement that includes the reopening of the Strait of Hormuz and the immediate return of Iranian oil sales to global markets. The selloff has been relentless.…
The Bottleneck Holding Back Britain's Energy Industry
Alan Chang believes Britain’s energy crisis is largely self-inflicted. The founder of Fuse Energy, the $5bn (£3.72bn) energy supplier and infrastructure developer, argues that the UK already has the ingredients needed to drive investment in the sector. What it lacks, he says, is a planning system capable of turning that potential into projects. “There is more money chasing infrastructure projects than there are infrastructure projects”, Chang told City AM. “It’s basically a self-imposed bottleneck for growth.”…
Trump Deal Resumes Iran Oil Sales Immediately
Iran won’t have to wait for inspectors, certifications, or a long diplomatic victory lap to start earning oil revenue again. Under the agreement expected to formally end the war between the United States and Iran, Tehran will be allowed to immediately resume oil and fuel sales, according to people familiar with the deal who spoke to the Wall Street Journal. The sanctions relief takes effect as soon as the agreement is signed and extends beyond crude exports to include the banking, shipping, and insurance services needed to move those barrels…
Falling Oil Prices Could Ease Pressure on India’s Trade Deficit
The tentative U.S.-Iran deal and the expected drop in oil prices amid increasing flows from the Middle East are set to help narrow India’s trade deficit, which held at relatively high levels in April and May due to the crude price shock. Higher refined petroleum products helped India’s trade deficit narrow slightly to $28.21 billion in May from $28.38 billion in April, but the crude import bill nearly doubled compared to the same month last year. India’s petroleum imports jumped to $22.7 billion last month, up from $14…
Chinese Refining in May at Lowest Level in Nearly 4 Years
The question for the market, now that a deal has been reached to reopen Hormuz, is whether Chinese demand for fuels like gasoline will normalize, or whether the rapid transport electrification has permanently dented consumption.
Hormuz Reopens as Traders Price Out the War Premium
The U.S.-Iran agreement to reopen Hormuz and lift the maritime blockade has pushed oil below $80, though risks remain if tensions in Lebanon escalate. China Slams the Brakes on Crude Refining - China’s crude throughput has plunged by a hefty 9.1% year-over-year to 12.7 million b/d, according to the country’s National Bureau of Statistics, marking one of the most substantial instances of demand destruction on the heels of the US-Iran conflict.- Refinery runs in China plunged to their lowest since April 2022, depressed by negative refining…
The $10 Billion Energy Corridor That Could Bypass Hormuz
The extended disruption caused by the US-Iran conflict highlights a need for diversifying energy export routes to reduce dependency on shipping via the Strait of Hormuz. A new initiative launched by the Washington, DC-based New Lines Institute seeks to develop Syria and Turkey into major energy distribution hubs. The Four Seas Initiative outlines an expansive framework for redirecting energy export flows in ways that can lessen European dependence on Russian and Iranian oil and gas while directing investment from Gulf states toward Western-aligned…
Europe Wary of Sending Hormuz Aid as Questions Linger
At the Group of Seven Summit, held in France, Europeans have raised a series of questions about what exactly was agreed to before committing to demining missions and patrols.
Hundreds of Well Workers offshore Norway Go on Strike
The Norwegian Union of Energy Workers is staging strikes against offshore well services companies after refusing proposals that the union sees as years behind collective bargaining agreements in other parts of the oil and gas industry.
U.S. EV Adoption Slows While Global Demand Accelerates
Electric vehicle sales in the United States are set to account for only 17% of all nationwide passenger vehicle sales in 2030, BloombergNEF said in its latest EV outlook, slashing its 27%-share projection from last year as the Trump Administration ended incentives for electric vehicles. Back in 2024, the year before President Trump won a second term in office, BloombergNEF expected EVs to have a 48% share of total U.S. passenger car sales in 2030. With the scrapping of the incentives for electric vehicle purchases, analysts, including those at…
U.S. EV Adoption Slows While Global Demand Accelerates
Electric vehicle sales in the United States are set to account for only 17% of all nationwide passenger vehicle sales in 2030, BloombergNEF said in its latest EV outlook, slashing its 27%-share projection from last year as the Trump Administration ended incentives for electric vehicles. Back in 2024, the year before President Trump won a second term in office, BloombergNEF expected EVs to have a 48% share of total U.S. passenger car sales in 2030. With the scrapping of the incentives for electric vehicle purchases, analysts, including those at…