Tesla’s energy business steps into the spotlight as autos struggle
Tesla’s solar and energy division is projected to generate $18.3 billion in revenue in 2026 with $5.3 billion gross profit, accounting for about 20% of company revenue. The energy business is roughly twice as profitable as Tesla’s car division, which faces shrinking margins and declining regulatory credits. First‑quarter energy storage deployments were 8.8 GWh, down 15.4% year on […]
Record wind installations highlight Asia’s dominance and Europe’s challenge
The global wind industry installed 165 GW of new capacity in 2025, a 40% increase over the previous year. Total cumulative capacity reached 1,299 GW across 138 countries. Asia‑Pacific accounted for 131 GW (80%) of new additions, with China adding 120.5 GW and India 6.3 GW. Europe added 19.1 GW (surpassing 300 GW total) but still falls short of the pace […]
Hormuz disruption sends oil prices soaring, exposes energy security risks
Following the US seizure of an Iranian cargo ship, the Strait of Hormuz saw only three tankers cross in 12 hours, leaving 10-11 million barrels per day of crude oil shut in. Brent crude jumped by 4.8% to $94.75/bbl and WTI 5.7% to $88.61/bbl as traders feared a broader conflict. The shutdown led to long queues […]
Europe’s EV surge cuts oil demand and signals a turning point
Battery‑electric vehicle (BEV) registrations in 15 major European markets grew by 29.4% year on year to nearly 560,000 units in the first quarter. March sales jumped by 51.3% to more than 240,000 units. E‑Mobility Europe and New Automotive estimate the quarter’s BEV sales will displace about 2 million barrels of oil per year. The region’s five […]
Miliband doubles down on net zero amid fossil fuel crisis
UK energy secretary Ed Miliband will frame the energy transition as a security imperative, arguing that reliance on fossil fuels leaves Britain vulnerable to geopolitical shocks and that “the era of fossil‑fuel security is over”. Miliband intends to speed up the Warm Homes Plan, expand solar installations on public land and delink gas and electricity prices […]
Hydrogen a ‘low-regrets bridge’ as wind curtailment costs surge
Statera has emphasised that the UK’s renewables buildout is already running ahead of system capability, turning excess wind into a cost burden, and positioning hydrogen as the most viable near-term solution. Speaking at the National Gas Energy Forum last week, Statera policy manager Phoebe Finn delivered a stark warning: the UK’s renewable energy success is […]