Today's Energy Pulse
Scania pilots vehicle‑to‑grid power for heavy‑duty electric trucks
Scania showcased one of the first V2G systems for heavy‑duty electric trucks using the Megawatt Charging System (MCS). The pilot demonstrated bi‑directional power flow, letting trucks feed stored electricity back to the grid while parked, with real‑time communication enabling dynamic charging and discharging. The company also opened orders for trucks equipped with an extra battery pack and MCS.
Also developing:
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 that could weigh on Euro‑listed energy shares.
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....
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...
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...
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...
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...
Bangladesh Launches 495 MW Solar Tender
Bangladesh Power Development Board (BPDB) issued a tender for 495 MW of grid‑tied solar projects across ten sites in nine districts, with individual plant sizes ranging from 25 MW to 100 MW. The bid requires developers to purchase land, arrange financing and post...
Establish Sabah East Coast Energy Reserve, Silam Assemblyman Tells State Govt
Sabah assemblyman Datuk Dr Mohammad Yusof Apdal urged the state government to study a strategic energy reserve on the east coast, citing limited emergency storage despite the region’s sizable oil revenue contributions. He argued that a dedicated reserve would shield...
Murphy Dominates Cameroon Licensing Round
Murphy Oil emerged as the clear winner of Cameroon’s latest licensing round, securing four offshore blocks—Etinde Exploration, Tilapia, Elombo and Ntem—covering roughly 10,600 km² in the Douala‑Kribi‑Campo basin. The U.S. independent’s win expands its African footprint beyond Ivory Coast and Morocco,...
Block Energy Plans Strategic Entry Offshore Gabon
Block Energy has signed a conditional agreement with Pilgrim Exploration to invest in Gabon's offshore Ndjila and Mpari production‑sharing contracts. The company will raise $6.3 million via an accelerated book‑build and retail equity offering, using the proceeds to fund a $6 million...
China's Oil Giants Hit by New US Sanctions
The United States has imposed new sanctions on China’s largest private refiner, Hengli Petrochemical, accusing it of purchasing hundreds of millions of dollars worth of Iranian crude over several years. The measures also blacklist about 40 vessels linked to Iran’s...
The World Needs Natural Gas Now, but the U.S. Is Exporting All It Can
The war in Iran has shut the Strait of Hormuz, cutting off Qatari LNG shipments and sending European and Asian prices soaring. The United States, now the world’s largest LNG exporter, is already operating its export terminals at full capacity,...
Tersis Technologies Signs UK Deployment MOU with Vivum, Targeting $1M TERA 2026 Award
Tersis Technologies and Vivum Intelligent Media have signed a non‑binding memorandum of understanding to launch the first U.K. deployment of Tersis’ Oaktree modular utility platform. The partnership aims to secure the $1 million TERA 2026 Award, which would fund most of a...
Why Efficiency Must Lead the Response to AI’s Surging Energy and Water Demand
Artificial intelligence is driving a rapid expansion of hyperscale data centers, pushing U.S. electricity consumption from 183 TWh in 2024 toward a projected 426 TWh by 2028—a 133% increase. A single AI‑focused facility can draw 100‑500 MW, equivalent to 80,000‑400,000 homes, and consume...
Ukraine Hammers Russian Black Sea Oil Facilities
Ukraine launched its third drone strike this month on the Tuapse oil refinery, a Black Sea hub that can process about 12 million tons of crude annually. The attack ignited a large fire, forced the evacuation of nearby residents and prompted...
Rail‑side Solar Looks Promising, but Durability Decides Viability
Solar doesn’t always need more land. Sometimes it just needs to fit better into what already exists. Installing panels between active rail lines sounds like a smart idea. The space is there. The infrastructure is already built. No competition with farmland or...
Advanced Separator Engineering with MOF and Carbon Nanofiber Cathode for Suppressed Polysulfide Shuttling in Li–S Batteries
Researchers introduced a dual‑functional system for lithium‑sulfur batteries that pairs an indium‑doped CuCo metal‑organic framework (In‑doped CuCoMOF) coated separator with a heteroatom‑doped Co‑nanoparticle porous carbon nanofiber (Co@PCNF) cathode. The MOF layer chemically adsorbs lithium polysulfides and accelerates their conversion, while...
Germany’s Renewable Sector: Reform, Uncertainty and the Race Against the Clock
Germany’s renewables now generate 57.2% of its electricity, with solar capacity up 11.8% and wind up 7.2% in 2025. The government is racing to overhaul the Renewable Energy Act (EEG) and launch a Grid Package before the 2026 deadline, shifting...
10 Year Deal for Solar Energy to Help Virgin Media O2 Reach Net Zero Goals
Virgin Media O2 has entered a ten‑year power purchase agreement with Egg Power for electricity from the Grange Solar Energy Farm in Suffolk, slated to begin operations in 2027. The 70 MW solar project, complemented by a battery energy storage system,...
Enko Capital Backs Angola Solar Project
Enko Capital’s Impact Credit Strategy, a private credit fund that closed its first round with $100 million, has committed capital to Metalosul, an Angolan subsidiary of the Omatapalo Group. The investment will finance the purchase of photovoltaic panels for a 724‑megawatt...
Tanker Owners Face Lack of Physical Cargo Amid Strait of Hormuz Crisis
Tanker owners are confronting a sudden shortage of cargo as the Strait of Hormuz crisis curtails Middle East oil flows. Sentosa Ship Brokers reports most VLCCs, suezmaxes and aframaxes are now sailing in ballast, reflecting a 19% drop in crude...
This Supreme Court ‘Victory’ for Oil Giants Is Not What It Seems
The U.S. Supreme Court unanimously ruled that Plaquemines Parish's $745 million lawsuit against Chevron for coastal wetland damage must be heard in federal court, overturning a state‑court judgment. The decision, praised by the Trump administration, is viewed as a procedural win...
Ireland and Spain Formalize Plan to Explore Electricity Interconnection
Ireland and Spain have signed a memorandum of understanding to explore a direct electricity interconnector, marking the first formal step toward linking the two power systems. The initiative aligns with Ireland’s 2023 interconnection policy, which targets new links with Spain,...
Impasse at Hormuz
The United States and Iran remain locked in a stalemate over the Hormuz Strait, with Iran leveraging backing from China and Russia to keep the waterway closed. The impasse, now extending into a two‑month truce, has halted vital energy flows...
Sumitomo Electric Flow Battery Wins Japanese Transmission Operator HEPCO’s Renewables Integration Tender
Sumitomo Electric Industries secured a contract to supply an 11 MW/33 MWh vanadium redox flow battery for Hokkaido Electric Power Network (HEPCO). The system will be installed at the Minami‑Hayakita substation to boost grid hosting capacity for wind farms, supporting HEPCO’s 97 MW...
China Commissions Salt Cavern Hydrogen Storage Project
China’s first large‑scale salt‑cavern hydrogen storage demonstration, located 1,418 m underground in Henan’s Pingdingshan, has been commissioned. The solution‑mined cavern holds over 30,000 m³ of space and can store 1.5 million standard cubic meters of hydrogen. Developed by the Chinese Academy of Sciences,...
$700 Million Soda Mountain Solar and Battery Storage Project Appoved by California
The California Energy Commission approved the $700 million Soda Mountain Solar and Battery Storage Project, a 300 MW photovoltaic plant paired with a 300 MW/1,200 MWh lithium‑ion battery system. Situated on 2,670 acres of BLM land near Baker, the development will be built by...
Iran's Oil Crisis Looms: 6‑8 Weeks Before Collapse
🇮🇷 Iran Intel Brief | Pre-London ─────── Iran's oil storage capacity stands at 12-22 days amid the U.S. naval blockade. The blockade has slashed Iranian oil exports by 70 percent. Strait of Hormuz oil shipments have nearly ceased. Iranian oil production faces a potential drop...
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
IMO Chief Urges Nations to Bridge Gaps and Clinch Shipping Decarbonisation Deal
International Maritime Organization (IMO) Secretary‑General Arsenio Domínguez urged member states to adopt a pragmatic approach and close the gaps in negotiations on a global shipping decarbonisation deal. He warned that the landscape has shifted dramatically since the 2025 Net‑Zero Framework,...
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
Sasol Optimistic of Market Demand for Natref’s Premium SAF and Renewable Diesel
Sasol’s Natref refinery has earned ISCC+ certification for sustainable aviation fuel (SAF) and renewable diesel produced from used cooking oil, confirming a 75% reduction in greenhouse‑gas intensity versus conventional fuels. The company plans a modest ramp‑up, targeting 2 million litres this...
Deepening India Partnership Across Clean Energy Sectors
We are proud to deepen our partnership with India through support of its #energy agenda coordinated by @MinOfPower. @SEforALLorg's current support to #India spans energy efficiency, clean cooking, biofuels and critical minerals and supply chains. https://t.co/BYuzmGhKiP https://t.co/fKHuWuCSSY
Kpler's Half‑production Cut for Iran Remains Speculative
Kpler estimates Iranian crude production COULD fall from current levels by more than half It may be directionally reasonable but it’s a guess, not evidence. AIS gaps, spoofing, ghost fleets, STS transfers and wartime rerouting mean “loadings” are not confirmed exports. https://t.co/wqmEnea7g5
Bulgaria Seeks to Revive 864 MW Chaira Pumped-Storage Hydropower Plant
Bulgaria’s state‑owned utility NEK EAD has signed a memorandum of understanding with Toshiba International Europe to restart the 864 MW Chaira pumped‑storage hydropower plant, the largest of its kind in South‑Eastern Europe. The facility, located in the Rhodope Mountains, has been idle...
Energy Crisis Deepens While Markets Remain Blind
The energy suffocation continues, this is a crisis but the market fails to notice... https://t.co/D0tIVdkNua
India’s Record Power Demand Forces Coal Surge Amid Heat
India's peak power demand hits an all-time high 🇮🇳⚡ This is being driven by searing temperatures across the country Plus, demand during the evening is outstripping available supply. India will use coal to fill the gap as the Middle East conflict chokes...
Is Hormuz Still Open — Or Already Failing?
The Strait of Hormuz, traditionally deemed open, has seen traffic plunge more than half in just one week, signaling a sharp reliability decline. This abrupt drop means vessels can no longer count on predictable, large‑scale passage through the chokepoint. Shipping...
Japanese‑linked Tanker Uses Iranian Lanes for Saudi Oil
Interesting movement in the Strait of Hormuz: A supertanker linked to Japan is entering the SoH on her way out of the Persian Gulf. The Idemitsu Maru VLCC is following the Iranian new shipping lanes with a ~2m barrel cargo of...
Virginia’s New Law Blocks Counties From Banning Solar
Virginia Governor Abigail Spanberger signed a law that voids county‑wide bans on large solar farms, taking effect on July 1. While local governments can still deny permits, they must now provide written justification to state regulators. The measure supports the...