August 1 Energy News

August 1, 2026

World:

¶ “EU Considers Emergency Meeting As Nuclear Shutdown Puts Hungary In Energy Crisis” • Hungarian PM Péter Magyar warns of an energy crisis after record-low Danube water levels forced a shutdown of the Paks nuclear plant, which supplies nearly half the country’s power. The European Commission may convene its Electricity Coordination Group. [Euronews]

Paks control room (Vcsa, CC BY-SA 4.0, cropped)

¶ “Behind The Mega Fires: Would France And Spain Still Be Ablaze If It Weren’t For Climate Change?” • In a study from World Weather Attribution, scientists found that human-induced climate change made the fire-prone conditions at least twice as likely in southwestern France and at least twenty times as likely in central Spain. [Euronews]

¶ “British Oil Giant BP Prepares To Sell North Sea Business” • British oil and gas giant BP said it has launched a process to market its North Sea business for a potential sale, as it looks to focus on its “highest-value opportunities.” BP’s proposed sale could bring an end to around 60 years of North Sea production under BP’s ownership. [Euronews]

Generic oil platform (Lee181169, public domain)

¶ “What The Electrification Action Plan Means For Transport” • A growing role for electricity in all sectors of the economy – replacing oil and gas – will not be possible without cheap and reliable electricity. The EV as a ‘battery on wheels’ can become the cornerstone for solving Europe’s grid bottleneck challenge by providing needed flexibility. [CleanTechnica]

¶ “China’s Crude Oil Imports Fell In Q2” • China, the world’s largest importer of crude oil, imported less crude oil in the second quarter of 2026, following higher crude oil prices that resulted from disrupted flows through the Strait of Hormuz. China’s lower imports reduced global demand, softening the upward price trend. [CleanTechnica]

Ten years of China’s crude oil imports (EIA image)

¶ “China’s Solar Capacity Set to Overtake Coal This Quarter” • China will have more installed solar power capacity than coal-fired generation capacity as early as this quarter, according to Chinese authorities. As of the end of June, solar power capacity stood at 1,274 GW, just barely below the total coal-fired installed capacity of 1,275 GW. [OilPrice.com]

¶ “Smulders ships Baltyk substation jackets” • Smulders has shipped the offshore substation jackets for the Bałtyk 2 and Bałtyk 3 offshore wind projects to Poland. The structures left from Newcastle after fabrication, assembly, and preparation by teams in Belgium, Poland, and the UK. Bałtyk 2 and Bałtyk 3 will have a combined capacity of 1,440 MW. [reNews]

Offshore substation jackets (Smulders image)

¶ “Nabralift Towers Land In Western Australia” • The first of the Nabralift tower components for Fortescue’s 133-MW Nullagine wind farm have arrived at the Port of Port Hedland in Western Australia ahead of installation at the Pilbara site. The equipment will be deployed with manufacturer Nabrawind’s self-erecting installation system, later this year. [reNews]

¶ “Drax Completes Bluefield Solar Acquisition” • Drax finalized a £548 million acquisition of Bluefield Solar Income Fund, adding solar and wind generation assets to its portfolio for the first time. The station said the acquisition includes 900 MW of operating and under-construction projects, along with a development pipeline totaling 2.9 GW. [reNews]

Solar array (Bluefield Solar image)

¶ “Kosovo’s Power Regulator Licenses 70-MW Wind Power Project” • Kosovo’s energy regulator ERO has licensed energy firm EV Wind Park, indirectly owned by Turkish conglomerate Calik Holdings, to produce electricity from a wind project in the village of Zatriq. The 70 MW of new capacity should improve security of Kosovo’s electricity supply [SeeNews]

US:

¶ “As Diplomacy Falters, US-Iran War Expands” • The 14-point deal with Iran that President Trump signed in mid-June was supposed to be a diplomatic off-ramp. It was to wind down the war and open new pathways to prosperity for the Middle East. But six weeks after the agreement was signed, not only has the conflict been revived, it has grown. [ABC News]

USS Bainbridge in the Suez Canal (US Navy, public domain)

¶ “Rivian Posts Positive News, But Stock Price Drops” • Rivian’s second quarter financials and shareholder call this week came with some good news. Of course, the stock price is down. (Sorry, Rivian stock holders.) It seems the stock was diluted a bit due to an equity raise the company recently held that dilutes existing stock and reduces its price. [CleanTechnica]

¶ “Courts Rule In Favor Of Sierra Club, Approves FERC Order To Speed Up Clean Energy Projects ” • The DC Circuit Court of Appeals agreed with Sierra Club that FERC properly issued its Order 2023. It is an order that directs grid operators to address longstanding delays with interconnection queues and speed up process on clean energy. [CleanTechnica]

¶ “New York Takes On The Myth That Solar Is Swallowing Farmland” • In rural areas across the US, solar power opponents keep leaning on the argument that utility-scale arrays are gobbling up valuable farmland. But plenty of evidence proves that’s just not true, and now, the state of New York is tackling the misinformation head-on. [Canary Media]

¶ “Trump Has A Plan To Make Idaho Home To Vast Stockpile Of Nation’s High-Level Nuclear Waste” • While most Americans are preoccupied with other things, the Trump administration – and its accomplices – have been quietly concocting a plan to make three “willing” states homes to the vast stockpile of the nation’s high level nuclear waste. [Idaho Capital Sun]

Have a thrillingly nice day.

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