Federal agency gains court OK to expand stored power market in states where limited, but a new separate order is not favored by renewables.

With COVID-19 economic slowdowns, and the resulting drop in demand for oil, gas and electricity, the outlook for traditional energy sector growth and capital investment is dim, if not outright grim.

Push comes as pandemic causes steepest 1-month decline in U.K. and Europe construction indexes since 2009 recession, says IHS Markit.