Today's Energy Pulse
Scania pilots megawatt‑scale V2G for heavy‑duty electric trucks
Scania demonstrated one of the first vehicle‑to‑grid systems for heavy‑duty electric trucks using the Megawatt Charging System (MCS). The pilot showed bi‑directional power flow, allowing trucks parked at depots to feed electricity back to the grid, with real‑time communication between the truck, charger and energy‑management platform enabling dynamic charging and discharging. The test marks a step toward integrating large‑capacity EVs into grid balancing.
Also developing:
China-Kenya Partnership Unlocks Geothermal Potential of Great Rift Valley
Kenya’s Great Rift Valley now supplies over 40% of the nation’s electricity through geothermal power, the world’s highest share. The Olkaria field, one of the richest reservoirs, drives this growth, yet only about half of the estimated 10,000 MW potential is developed. Geothermal’s baseload reliability lowers generation costs and buffers the grid during drought‑induced hydropower shortfalls. Farmers such as Oserian flower estate are already using geothermal heat to run year‑round greenhouses, showcasing the technology’s expanding industrial role.
Mooreast to Divest Property, Boost Offshore Wind Expansion
Mooreast Holdings has secured an option to sell its leasehold at 51 Shipyard Road in Singapore for $23.3 million, expecting about $15 million in net proceeds after loans and costs. The proceeds will be redeployed to its newly acquired waterfront facility at...
Oil Price Climbs Above $110 for First Time in Three Weeks as US-Iran Peace Efforts Falter
Oil prices rose above $110 per barrel for the first time in three weeks as US‑Iran peace talks stalled, leaving the Strait of Hormuz largely shut. The lack of diplomatic progress revived fears that higher energy costs will force central...
Iran Stockpiles Oil as US Blockade Stalls Hormuz Shipments
According to the WSJ, "Iran is scrambling to find new ways to store its oil, hoping to avoid a crippling production shutdown as a U.S. naval blockade bottles up its exports and negotiations to end the war remain deadlocked." This coincides...
EnergyPathways Launches Offshore Wind-Linked Compressed Air Energy Storage Project
EnergyPathways has begun front‑end engineering and design for a 300 MW, 55.2 GWh compressed air energy storage (CAES) facility in the East Irish Sea. The plant will capture surplus power from offshore wind farms and the UK grid, storing it in offshore...
What Is the Windfall Tax on Oil and Gas Companies?
The UK introduced the Energy Profits Levy in May 2022, a windfall tax on oil and gas profits, initially set at 25% and now 38% through March 2030. The levy has raised £2.6 bn ($3.3 bn) in 2022‑23, £3.6 bn ($4.5 bn) in 2023‑24, and £2.9 bn...
The Battery Cost Disconnect
The article notes that despite lithium carbonate prices more than doubling, utility‑scale battery energy storage system (BESS) capital expenditures rose less than 15% in the United States, Germany and China. Cells now represent only 25‑45% of total project cost as...
Braemar Adjusts Tanker Models to War Footing in a World Starved of Gulf Oil
Braemar, a UK tanker broker, has introduced an “urgency fudge” to its charter rate models, reflecting charterers' willingness to pay premiums for rapid cargo delivery amid Middle East conflict. The adjustment acknowledges heightened demand for Gulf oil as supply constraints...
Medium Duration Endures Woes, While Form’s Long Duration Grows, and Lithium Overflows (Part 2)
Medium‑duration storage firms EOS and ESS are feeling pressure from plunging lithium‑ion prices, even as EOS reports a record $58 million Q4 revenue and aims to drop below $100/kWh. Form Energy, however, is outpacing expectations, having landed Google’s 30 GWh iron‑air project...
Transocean Rig Hard at Work on Beach Energy’s Second Stage of Australian Drilling Campaign
Beach Energy has kicked off the second phase of its offshore drilling campaign in Australia’s Otway Basin, deploying the Transocean Equinox rig after a brief quarter‑end pause. The program includes a well intervention at Thylacine West and the plug‑and‑abandonment of...
Oil Climbs Above $110 as the World Awaits Trump’s Response on Iran
Oil prices surged to a three‑week high on Tuesday, with Brent crude trading above $111 per barrel and WTI above $98, pushing the weekly gain to nearly 6%. The rally follows Iran’s foreign minister presenting red‑line peace terms to mediators,...
Cooling PV Modules with Hydrogel-Coated Paper
Vietnamese researchers unveiled a low‑cost passive cooling system for photovoltaic (PV) modules that uses hydrogel‑coated paper to channel water flow and interfacial evaporation. Outdoor rooftop tests in Ho Chi Minh City showed temperature drops of up to 14 °C and relative efficiency improvements...
Soltec Appoints Alejandro Moreno as Its President of North America
Soltec, the Spanish maker of single‑axis solar trackers, has named Alejandro Moreno as President of North America, overseeing the United States, Canada and Mexico from its Miami headquarters. Moreno arrives with more than two decades of photovoltaic experience, most recently...
Petrodec’s OBANA Resumes Decom Work with Perenco in North Sea
Petrodec’s OBANA jack‑up platform has resumed decommissioning work for Perenco UK in the Southern North Sea, moving from its Dutch yard to the Pickerill field to strip the jackets of Pickerill A and B. After that, the rig will shift to the...
How to Electrify Greenhouses with Semi-Transparent PV, Heat Pumps
Canadian researchers at Western University demonstrated that 69%‑transparent crystalline silicon semi‑transparent photovoltaic (STPV) modules raise tomato greenhouse yields by up to 38% while providing beneficial partial shading. Simulations using EnergyPlus, Python and SAM showed that pairing these rooftop STPV panels...
Nersa Aims to Make Ferrochrome Tariff Call by End May as It Launches Public Consultations
South Africa's energy regulator Nersa has scheduled public hearings for 25 May to consider Eskom’s request to lower the electricity tariff for ten ferrochrome smelters to 62 c/kWh for five years, potentially starting in June. The move follows an interim 87 c/kWh rate...
Adani Forms Nuclear Subsidiary
Adani Power has created a wholly owned nuclear subsidiary, Coastal‑Maha Atomic Energy Ltd (CMAEL), under its Adani Atomic Energy arm. CMAEL was incorporated with an authorized capital of Rs 500,000 (about $5,400) and will handle generation, transmission and distribution of nuclear...
Energy Security Comes First for Indonesia as It Defies EU over Russian Oil
Indonesia announced a commitment from Russia to ship 150 million barrels of crude oil, enough to meet domestic demand through the end of the year. The deal was sealed during President Prabowo Subianto’s meeting with Vladimir Putin and comes as the...
DNV to Certify UK Northern Endurance CCS Network
DNV has been appointed the independent certifier for the Northern Endurance Partnership (NEP) CO₂ transport and storage project, a cornerstone of the UK’s East Coast Cluster. The initiative will capture CO₂ from industrial emitters in Teesside and pipe it to...
Carlyle Co‑Founder Bill Conway Launches Kitebrook Infra to Tap Norway’s Hydropower for Data Centers
Carlyle Group co‑founder Bill Conway has partnered with developer Byrne Murphy to launch Kitebrook Infra, a venture that will acquire land and renewable power assets in Norway and sell them to data‑center operators. The move targets the surge in AI‑driven...
The Oil Squeeze Tightens
The Strait of Hormuz remains shut, curbing Persian Gulf crude exports and tightening global oil markets. Goldman Sachs reports record inventory draws of 11‑12 million barrels per day in April as the world scrapes existing stockpiles to offset supply losses. Brent...
3 Green Energy Stocks for Investors Playing the Long Game in 2026
Long‑term investors have three green‑energy stocks to consider: Bloom Energy, Cameco and GE Vernova. Bloom Energy’s solid‑oxide fuel‑cell platform is driving a $20 billion backlog and projected 60% revenue growth. Cameco, a leading uranium miner, posted $3.5 billion revenue from 21 million pounds of...
Crude Oil Expected to Fall, Capping Grain Prices
All Linked Now -- How Long Can Crude Buoy Grains? If crude oil stays elevated in 2026, grain and agriculture prices may as well, but elasticity is typically a primary constraint. My bias is that the December WTI crude future, at...
Cox Acquires Iberdrola Mexico, Including 12GW Renewable Energy Pipeline, for US$4 Billion
Mexican utility Cox completed a $4 billion acquisition of Iberdrola’s Mexican subsidiary, adding a 12 GW renewable‑energy pipeline and 2.6 GW of operating assets to its portfolio. The purchase follows Iberdrola’s systematic divestment from Mexico, where its revenue fell 18% in 2025, and...
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Tunisia President Sacks Energy Minister Ahead of Renewable Energy Projects Vote
President Kais Saied of Tunisia removed Energy Minister Fatma Thabet on April 28, 2026, just before parliament votes on a suite of renewable energy projects. The projects aim to add 600 MW of clean power and involve roughly €500 million ($585 million) in...
Sunwafe Secures Land Permits for 20GW Spain Solar Wafer Plant, Appoints New CEO
Sunwafe announced the appointment of Michael Pinto, a former GE Capital executive, as its new CEO and confirmed local‑government approval to build a 30‑hectare, 20 GW silicon wafer plant in Asturias, northern Spain. The facility, slated to start production in early 2029, will...
Shell to Acquire ARC Resources for $16.4 B, Expanding Montney Shale Footprint
Shell plc announced a $16.4 billion deal to acquire Canadian shale producer ARC Resources Ltd., adding 370,000 barrels of oil equivalent per day and roughly 2 billion barrels of proved‑plus‑probable reserves. The transaction, structured as cash and share consideration, is slated to...
Dajin Hires ZKS Ferrum for Nordseecluster B Offshore Wind Work
Dajin Offshore has engaged Polish steel fabricator ZKS Ferrum to supply secondary steel structures for the Nordseecluster B offshore wind extension, a 1.6‑GW project developed by RWE and Norges Bank Investment Management. The contract covers 20 fabricated sets produced at ZKS...
BP Q1 Profit Surges to $3.8B as Oil Prices Jump, Warns FY26 Upstream Dip
British energy giant BP reported a first‑quarter profit after tax of $3.8 billion, a more than five‑fold rise from a year earlier, driven by soaring oil prices. The company also warned that upstream output will decline in fiscal 2026, a signal...
Iran Offers to Reopen Strait of Hormuz for $108 Oil, US Rejects, Merz Calls US Humiliated
Iran told Pakistan it would reopen the Strait of Hormuz if the United States ends its naval blockade, a move that would restore a fifth of global oil flow. The proposal coincided with Brent crude climbing to about $108 a...
Budget Airlines Petition White House for $2.5 B Relief as Spirit Bailout Looms
A coalition of U.S. ultra‑low‑cost carriers, led by Frontier and Avelo, has asked the White House for a $2.5 billion relief package to offset soaring jet‑fuel costs. The request comes as President Donald Trump signals willingness to acquire Spirit Airlines, which...
How Europe's Biggest Blackout Helped Turn Role of Renewables on Its Head
A year after the April 28, 2025 Spain‑Portugal blackout that left 60 million people without power, Spain revised its grid rules to let wind and solar plants provide real‑time voltage control. The change enabled 74 renewable facilities—32 solar and 17 wind—representing 6.7 GW to...
Matrix Closes £245m Eccles BESS Financing
Matrix Renewables secured a £245 million (≈ $306 million) non‑recourse financing for its 500 MW/1 000 MWh Eccles battery energy storage system in southern Scotland. The loan was underwritten by CIBC, MUFG Bank and NatWest, with NatWest acting as facility agent, and follows construction start in...
BWO Calls for German Offshore Policy Clarity
German offshore wind trade group BWO urged the government to deliver a binding policy roadmap ahead of the National Maritime Conference in Emden. The association highlighted the need for sustainable financing of port infrastructure, a reliable offshore rescue system, and...
Fusion Energy Group Seeks PJM Connection for First Commercial Power Plant
Commonwealth Fusion Systems (CFS) became the first fusion developer to apply for interconnection with PJM Interconnection, the nation’s largest wholesale electricity market. The company plans to connect its 400‑MW Fall Line Fusion Power Station in Chesterfield County, Virginia, to the...
How I Pay Almost Nothing to Power My House and Electric Car
Australian households are slashing electricity costs by pairing rooftop solar with subsidized home batteries. A federal incentive has enabled roughly 300,000 homes to install storage, letting owners like the author pay only about US$16 per month even while charging an...
Ericsson and Swisscom Roll Out New Energy Platform for Networks
Ericsson and Swisscom have launched an Energy & Enclosure platform that integrates into Swisscom’s radio access network in Switzerland. The solution combines high‑efficiency power hardware, AI‑driven battery management, lithium storage and a Site Controller 6610 to deliver automated load‑shifting, peak shaving...
Germany's €1.6bn Energy Aid Misfires, Repeats Past Errors
Good Morning from Germany, where the govt plans to spend €1.6bn to shield consumers from rising energy prices. That makes Germany the No. 2 spender in Europe – far behind Spain. The problem: measures like fuel rebates are poorly designed....
Iran Conflict Spikes Electric Car Sales Amid Oil Turmoil
The war in Iran and the turmoil it has set off in global oil markets fueled a surge in electric car sales in March https://t.co/HPt3fEZnNX
Ethiopia-Based Dodai Raises $13 Million to Expand Battery-Swapping EV Network
Dodai, an Ethiopia‑based electric two‑wheeler firm, closed a $13 million Series A round—$8 million equity and $5 million debt—to scale its motorbike and battery‑swapping network in Addis Ababa. The funding arrives as Ethiopia bans private ICE vehicle imports, pushing the nation toward an estimated...
Governors Hold Power Over Data Center Energy Costs
So much happening at the PJM and FERC on data centers. Governors own the electricity bill problem. Energy costs already a ballot issue. They approve the electricity utility rate increases. They approved the data center deals. Here's what they can do...
Stonepeak and Bernhard Capital Acquire Louisiana Utility
Exit alert: @Stonepeak and Bernhard Capital Partners snap up Louisiana utility from @Macquarie consortium Read more here: https://t.co/yHPRbbuFsN https://t.co/ubmRfE2era
Carlos Slim’s Family Office Makes a Killing From Oil Sales
Carlos Slim’s family office recently sold its stake in an oil refinery it acquired a few years ago when the share price was depressed. The divestiture produced a sizable profit, reportedly in the multi‑hundred‑million‑dollar range. The transaction highlights the office’s...
CFS Files PJM Interconnection Request, Edging Toward Deployment
⚛️Commonwealth Fusion Systems has formally filed an interconnection request with PJM. It's not just process mumbo-jumbo, but instead a step toward figuring out how practical deployment would work. I'll have more later this morning in Future of Energy. #fusion #energy...
U.S. Economy Cuts Per‑Capita Oil Use 30% Since 1978
U.S. ECONOMY has become much less oil-intensive following the oil shocks of 1973/74 and 1979/80. Consumption per person has declined by almost 30% compared with the peak in 1978: https://t.co/lFMjjJ7yJ8
Four More Wells Set to Come Online in Months Ahead Offshore Ghana
Tullow Ghana will bring four additional wells online between June and September 2026, raising net output on the Jubilee field to about 35 kbopd. Two producers are already operating, and the schedule aligns with extended petroleum contracts through 2040. Water‑flood optimization...
Morocco's Power Mix: 25% Renewables, Still US Coal‑Dependent
About a quarter of Morocco’s electricity generation comes from renewable sources. However, coal remains the dominant fuel. Most of the country’s coal imports come from the United States.👇👇
EIA Predicts Brent Falling From $124 to $68 by 2027
EIA projects Brent to average $124 in May It will fall to $86 by December and end 2027 at $68 #energy #OOTT #oilandgas #WTI #CrudeOil #fintwit #OPEC #Commodities #commoditiesmarket https://t.co/lvYTPIuacn
IFC Proposes Investment in Cygnum Capital Fund
The International Finance Corporation (IFC) announced a proposed equity investment of up to $40 million in the Facility for Energy Inclusion (FEI), a pan‑African structured‑debt fund managed by Cygnum Capital. The infusion is part of FEI’s strategy to lift its assets...
Russia-Linked LNG Carriers Head North After Reflagging, Signalling Arctic Fleet Expansion
Four former Omani LNG carriers, sold for roughly $110 million, have been re‑flagged under the Russian register and are now steaming north toward Murmansk. The vessels—Kosmos, Merkuriy, Luch and Orion—were renamed multiple times and are linked to Turkish‑controlled firms, though ultimate...