Energy M&A update: Q1 2026

Supply disruptions materially tightened crude availability in global markets.

Energy and resources trends

  • Oil and gas
    US LNG facilities continued operating near full capacity, exporting 18.0 billion cubic feet per day in March 2026, close to the record set in December 2025.1
  • Renewable energy
    In 2025, Solar remained the largest component of the global renewable mix at 2,392.0 GW (47.0%), followed by hydropower at 1,296.0 GW (25.0%) and wind (~25.0%).2
  • Power and utilities
    US electricity prices rose across all sectors in February 2026, with the average retail rate climbing 9.0% year over year to 14.36 cents/kWh led by transportation (+23.6%), followed by commercial (+10.7%), industrial (+8.6%), and residential (+7.4%).3
  • Nuclear energy
    NuScale advanced two major small modular reactors deployment milestones in Q1 2026 progressing plans with the Tennessee Valley Authority for up to 6.0 GW of capacity and securing shareholder approval in Romania to deploy a plant at a former coal site.4

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References

1 US Energy Information Administration (EIA), “Short-term energy outlook,” as of April 2026.

2 EMI, “IRENA RES’ stats 2026: Global renewable energy capacity 5,149 GW,” April 6, 2026.

3 EIA, “Electricity monthly update,” as of April 2026.

4 NuScale, “NuScale Power reports first quarter 2026 results,” press release, May 7, 2026.

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