Elena Energy Brief — Welcome to Storyflo Daily Energy. I'm Elena, and today we're bringing you the top stories in the energy sector that you just can't miss.

First up, the solar industry is making waves with new records in efficiency. Version 68 of the "Solar Cell Efficiency Tables" has been released by Professor Martin Green from the University of New South Wales, reporting 21 new results, including two records for large area silicon cells and modules with 28.1% and 26.4% efficiency, respectively, according to PV Magazine USA. This breakthrough is significant, as it reduces the cost contribution of all other system components and directly linked to lower levelized cost of electricity (LCOE). Meanwhile, Rystad Energy has forecast that global grid capex will surpass $650 billion this year, up 5% from last year, with the firm attributing the surge to price inflation, increased demand for grid gear, and easing supply constraints, PV Magazine USA reports. But what's driving this demand? According to PV Magazine USA, standard silicon module efficiencies continue to rise, with modules with 25% efficiency now commonplace, while 23% has become the