energy sector

Russia has started rationing fuel after a large-scale Ukrainian drone strike damaged refinery and energy infrastructure, according to the headline being widely shared. Reports say Ukrainian long-range drone technology has outpaced Russian air defences, hitting targets deep inside Russian territory and disrupting fuel supplies. The move highlights growing pressure on Russia's energy sector as the war continues.

The European Commission is set to delay the implementation of the EU's methane emissions rules, marking a significant U-turn on legislation aimed at cutting methane leaks from the energy sector. The postponement of the rules, a key part of the bloc's climate agenda, is expected to draw criticism from environmental groups while easing pressure on importers and energy companies.

The European Union is moving to restrict the energy and water consumption of data centres, according to Euronews. The measures target the sector's growing resource footprint as demand for computing power expands across Europe. The proposal is drawing attention for its potential impact on tech companies and Europe's wider climate and resource-efficiency goals.

Commentators are examining how the massive investment wave in artificial intelligence is complicating central banks' fight against inflation. Huge spending on data centres, chips and energy is boosting demand and prices in some sectors, even as AI promises productivity gains that could lower costs elsewhere, leaving policymakers with mixed signals about how quickly price pressures will ease.

Elgin has acquired a 200-megawatt solar project in Ireland that is at a late stage of development. The deal adds significant capacity to Elgin's renewables portfolio and signals continued investor interest in Irish solar energy as the country works to expand clean power generation. Details on the seller, price and construction timeline have not been disclosed.

Israeli businessman Ofer Yannay is seeking to raise $200 million for Nofar Energy's legacy solar operations, according to Calcalist. The reported fundraising effort concerns the established solar business of Nofar, the renewable energy company, as Yannay looks to secure backing for the unit. Further details on investors, valuation or the intended use of the funds were not disclosed, and the company has not publicly commented on the reported move.

KeyBanc has raised its rating on First Solar, lifting the solar panel maker to Sector Weight from Underweight. The shift signals the bank sees a more balanced risk-reward on the stock after a period of caution. Investors are watching for what the move says about sentiment toward solar stocks and First Solar's outlook.

Space-based laser technology is preparing for its first real-world test in generating energy, according to WIRED. The concept involves transmitting power collected in space down to Earth using laser beams, a long-proposed but never operationally demonstrated approach to energy generation. The trial could mark a significant milestone for the emerging space energy sector.

First Solar stock is climbing today, prompting questions about what is driving the move. Traders and market watchers are trying to identify whether the gains stem from company news, sector momentum, or broader clean-energy optimism. No specific catalyst has been confirmed, leaving the reasons behind the rise a matter of speculation among investors.

A Westwood rigs round-up reports that the market for harsh-environment semisubmersible drilling rigs is close to being fully contracted. The report suggests demand for rigs capable of operating in tough North Sea-style conditions is outstripping available supply, leaving operators with few open units to charter as energy companies press ahead with offshore drilling plans.

Energy Storage Europe says the rapid rollout of battery energy storage systems (BESS) is outpacing existing cybersecurity protections and calls for an urgent overhaul of security standards across the sector. The industry body warns that as grid-scale storage becomes a bigger part of energy infrastructure, it presents an increasing attack surface that current rules and practices do not adequately cover. The call adds to broader debate in Europe about securing critical energy assets amid rising digital threats.

The Wall Street Journal reports that American pressure, including tariffs and trade threats, is pushing Canada to accelerate development of its vast energy resources. The piece examines how Ottawa and industry are responding by seeking new pipelines, export routes and customers beyond the United States. Analysts see the moment as a potential turning point for Canada's oil, gas and critical minerals sectors, reducing reliance on the U.S. market.

Spanish energy giant Iberdrola has agreed to acquire the electricity retail business of Contigo Energia in Spain. The deal would expand Iberdrola's customer base in the Spanish retail power market, where competition among suppliers remains intense. Financial terms and the exact timeline for completing the transaction were not disclosed in the initial report, and further details are expected as the purchase moves forward.

The UK's largest solar and energy storage exhibition took place in Birmingham, bringing together industry figures from across the renewable energy sector. pv magazine reported the main takeaways from the event, covering developments in solar technology, battery storage and the policy landscape shaping the UK's clean energy transition.