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:
$17.5 Billion LNG Project Anchored by $1B Investment in Louisiana Businesses
Australia’s Woodside Energy announced a $17.5 billion liquefied natural gas project in Louisiana, anchoring more than $1 billion in contracts for local suppliers. A $300 million services deal will see Green Tug Towing build four new tugs at C&C Marine and Repair, slated for delivery in 2028. The project targets first LNG cargo in 2029 with an initial 16.5 mtpa capacity and a permit for up to 27.6 mtpa. Woodside expects the venture to generate roughly 70 direct, 30 indirect and 60 temporary jobs in the state.
Lloyd’s Register, South Korean Uni to Set up Global Certification Framework for Liquid Hydrogen Shipping
Lloyd’s Register and South Korea’s Pusan National University have signed an MoU to launch the world’s first global certification framework for liquid‑hydrogen carriers. The partnership will jointly evaluate cryogenic tanks, piping, structural integrity and safety risks, creating a standardized performance‑evaluation...
Funds Dump Brent as US‑Iran Talks Spur Price Dip Expectations
Brent sees fund sales as diplomacy intensifies Investors realised profits from bullish long positions and started to accumulate bearish short ones last week, anticipating a further fall in Brent prices as the United States and Iran conducted face-to-face talks to find...
Battery Storage Now Fastest-Growing Power Technology: IEA
The International Energy Agency reported that battery storage was the fastest‑growing power technology in 2025, adding 108 GW of new capacity – a 40% year‑over‑year rise that outpaced natural‑gas additions. Lithium‑iron‑phosphate (LFP) batteries now represent about 90% of deployments, driven by...
$900M Uranium Enrichment Plant Expansion by Centrus Energy in Piketon, Ohio Taps Geiger Brothers
Centrus Energy Corp. has awarded Geiger Brothers a $900 million construction contract to expand its uranium enrichment plant in Piketon, Ohio, with work scheduled through Jan. 30, 2031. The expansion will install thousands of AC100M centrifuges, adding at least 12 metric tons per year of...
Trump’s $1 Billion TotalEnergies Deal Is ‘Worthless’
The Trump administration offered to pay TotalEnergies roughly $1 billion to cancel its offshore wind leases, positioning the funds as a boost for U.S. oil and gas development. Heatmap analysis shows the deal is effectively worthless because TotalEnergies was already slated...
TMTB Morning Wrap
Iran’s seizure of a vessel in the Strait of Hormuz sparked a 50‑basis‑point drop in futures and a 6% rally in oil, while Asian equity markets posted broad gains, led by SoftBank (+5%) and Hynix (+2%). The week’s earnings calendar...
Gas Confusion
The anticipated plunge in LNG prices as U.S. exporters rushed to capture Asian demand has not materialized, and the expected surge of LNG as Asia’s primary fuel is also lagging. Despite a wave of new U.S. export terminals adding capacity,...
China's Xi, in Call with Saudi Crown Prince, Calls for Strait of Hormuz to Remain Open
Chinese President Xi Jinping told Saudi Crown Prince Mohammed bin Salman that the Strait of Hormuz must stay open for normal ship passage. The call comes as the U.S.–Iran cease‑fire strains after Washington seized an Iranian cargo vessel. China, the world’s largest...
Gas Sales Pact Paves the Way for Jadestone’s Southeast Asian Offshore Project
Jadestone Energy, an AIM‑listed oil and gas firm based in Singapore, has signed a gas sales and purchase agreement with PV Gas, a subsidiary of Vietnam’s state‑owned Petrovietnam. The deal secures up to 80 million standard cubic feet per day from...
The Peace Rally Gets Derailed
Tensions around the Strait of Hormuz have intensified, with the vital waterway largely shut after the U.S. seized an Iranian cargo ship. Oil prices are climbing and global stock markets are wobbling as U.S.–Iran negotiations stall, despite President Trump’s team...
Madrid Summit: Wind’s Record Expansion at Risk as Political Intervention Threatens Revenue
The WindEurope summit in Madrid underscores record growth in both onshore and offshore wind, with 2026 projected to exceed previous capacity installations and developers expecting a record number of final investment decisions. Yet political moves in the UK and EU...
Exclusive: Where We’re At in the Race to Save the Planet
Kleiner Perkins chair John Doerr and co‑author Ryan Panchadsaram have unveiled an updated Speed & Scale tracker ahead of San Francisco Climate Week. The new version swaps UN emissions estimates for Climate TRACE satellite data, raising global annual emissions to roughly 74 gigatons....
Solar Inverter Advancements Stress Growing Need for Cybersecurity
The solar industry is moving to formalize cybersecurity for inverters as their connectivity expands. The Solar Energy Industries Association’s February report calls for a domestic manufacturing base and endorses UL 2941, a new multi‑layered security standard developed by NREL and UL...
Lloyd’s Register Verifies GT Wings’ Performance Assessment Methodology for AirWing™ Jet Sail
GT Wings has received Lloyd’s Register verification of its performance assessment methodology for the AirWing™ Jet Sail, following ten months of commercial operation on the MV Vectis Progress. The verification confirms alignment with ISO 19030 and ITTC standards, proving the...
NTPC Green Energy Commissions 237.5MW of 300MW Solar Project in Rajasthan
NTPC Green Energy has commissioned 237.5 MW of its 300 MW solar project in Rajasthan, bringing two phases—150 MW and 87.5 MW—into commercial operation. The capacity boost raises NGEL’s total renewable portfolio to about 10.4 GW as it pursues a 60 GW target by FY 2032. The...
CIP Starts Construction on Chile BESS
Copenhagen Infrastructure Partners (CIP) has begun construction on the Patache battery energy storage system (BESS) in Chile, a 300 MW facility with 1.5 GWh of capacity. The project received a final notice to proceed under the Growth Markets Fund II, confirming contractual commitments...
19th Century San Francisco Church Gets Solar Upgrade
Trinity St. Peter’s Episcopal Church, a 19th‑century landmark in San Francisco, has installed a 19.74‑kW solar system. The project, executed by SunSource with support from RE‑volv and California Interfaith Power & Light, is expected to cut electricity costs by more...
BESS Analytics ‘Bridge the Gap Between Technical Performance and Commercial Outcomes’
Battery energy storage system (BESS) operators are turning to cloud‑based analytics to overcome fragmented data and inconsistent performance metrics. TWAICE, a German firm with a growing U.S. presence, provides a platform that standardizes health, performance, and lifetime metrics across individual...
7 Weeks of War: Oil Market Myths Debunked
In coming months, I'm moving my daily posts behind a paywall. Please consider subscribing now to lock in a low rate. Today I look at what we've learned about oil markets and Iran in 7 weeks of war. I go...
Mermaid Renews Subsea Vessel Deal as Decom Work Grows
Mermaid Subsea Services UK has renewed its contract for the Island Valiant subsea support vessel for an additional 12 months, cementing its role in the accelerating North Sea decommissioning market. The firm highlighted a record 30 well plug‑and‑abandonments in 2024 and...
Jinko Launches Lightweight TOPCon Solar Module
JinkoSolar has introduced the Light Diamond module, a lightweight TOPCon solar panel that weighs just 7 kg per square metre—about 40% less than conventional double‑glass modules. The 560 W panel delivers a record 24.94% conversion efficiency, allowing a 1 MW system to be...
Mercedes and Samsung SDI Sign First EV Battery Supply Deal
Mercedes‑Benz has signed a multi‑year agreement with Samsung SDI to source EV batteries for its upcoming compact and midsize models. The contract, valued at over 10 trillion won (approximately $7.7 bn), also includes joint development of next‑generation battery technology. Samsung SDI will supply high‑nickel NCM...
UK Startup Rivan Raises €28.7 Million to Scale Domestic Synthetic Fuel Production in Europe
UK‑based Rivan announced a €28.7 million (≈$31 million) Series A round led by IQ Capital to accelerate its synthetic fuel platform. The funding follows a €11.4 million seed raise and will back the commissioning of a 15 MW synthetic natural gas (SNG) plant in Wiltshire...
Total Boss Rules Out Three More Offshore Wind Markets After US Exit
TotalEnergies CEO Patrick Pouyanné announced the company will not develop offshore wind projects in three additional major markets, following its withdrawal from the U.S. offshore wind sector earlier this year. The decision narrows TotalEnergies' offshore wind pipeline to a handful of...
Weak Corn, Soybean Markets Threaten Crude's $100 Barrier
Crude Breaks Stuff Above $100; $80 Initial Support Crude oil's red 2Q candle to April 17 may have a greater tendency to deepen if corn and soybeans are guides. My graphic highlights a big difference from the last three times WTI...
Green vs Baseload: The Most Suitable Energy for a Developing Country?
In a Cirrus Investor Conference speech, Namibia’s energy chief warned that the green‑versus‑baseload debate is far from simple for developing nations. With only about 50% of the population electrified and rural access lagging behind 70‑80%, the country relies heavily on...
Sweden Backs Nuclear Expansion Plan
Sweden’s government has proposed buying a 60 % stake in Videberg Kraft, the developer of a new nuclear complex near Ringhals, with an initial $195 million capital injection. The plan is part of an energy roadmap targeting ten new reactors by 2045 to...
Fraunhofer IWES Completes Liivi Survey for Enefit
Fraunhofer IWES has wrapped a 14‑month metocean and wind measurement campaign in Liivi Bay, Estonia, for Enefit’s offshore wind farm project. The effort employed a Stage 3+ floating lidar buoy equipped with high‑frequency turbulence‑intensity sensors and oceanographic instruments, marking the first...
VSUN Solar Modules Detained Under UFLPA, Could Knock US$30 Million Off Company Earnings
U.S. Customs and Border Protection detained solar modules from Vietnam‑based VSUN under the Uyghur Forced Labor Prevention Act, prompting its Japanese parent Abalance to forecast a hit of roughly $18‑31 million to annual earnings. The company is contesting the detention, asserting...
Wind Is Pushing Nova Scotia’s Green Revolution
EverWind Fuels, backed by a $175 mn Nuveen investment, is set to develop 650 MW of onshore wind capacity in Nova Scotia, with construction slated for this year. The generated electricity will initially feed the grid before powering electrolysis to produce green...
Apple Avoids Over 26 Million Tons of Emissions Through Use of Clean Energy in Supply Chain
Apple’s 2025 Environmental Progress Report shows its supplier‑clean‑energy program grew renewable capacity to 20.7 GW, a 10% rise from the prior year and more than double the 2021 level. The expanded clean‑energy procurement avoided over 26 million metric tons of CO₂e, with...
Nel ASA Shares Rise: Nel ASA Receives Million-Euro Order for Containerized PEM Electrolyzers in Europe
Nel ASA’s U.S. arm, Nel Hydrogen US, secured a roughly $7 million contract to supply containerized PEM electrolyzers to Mesure Process, a Synqo Energies subsidiary, for a European hydrogen project slated for 2027 commissioning. The order marks a repeat purchase from the same...
Dajin Expands Offshore Wind Logistics Fleet with KING TWO Launch
Dajin Heavy Industry launched its 40,000 DWT deck carrier KING TWO at the Panjin shipyard on April 19. The 239.8‑meter vessel provides a 12,000 m² deck, dual engines, 13‑knot speed and a 16,000‑nautical‑mile range, designed to haul 15‑25 MW offshore wind components. It follows the...
Trump Orders US Navy to Seize Iranian Cargo Ship, Escalating Strait of Hormuz Tensions
President Donald Trump announced the US Navy seized the Iranian‑flagged cargo ship Touska in the Gulf of Oman, blowing a hole in its engine room and taking the vessel under Marine custody. The action deepens the blockade of the Strait...
5 Big Energy Stories - 4.20.2026: Here We Go Again
Oil markets surged as the Strait of Hormuz repeatedly opened and closed, pushing Brent crude into the mid‑$90s and WTI back into the high $80s. President Trump’s mixed signals—promising a cease‑fire with Iran while threatening to destroy its power infrastructure—added...
President Trump Says Gas Prices ‘Not Very High’
President Donald Trump told reporters that current gasoline prices are “not very high,” even as U.S. drivers face an average increase of more than $1 per gallon—a roughly 33% jump since the Iran‑related conflict began. A recent CBS poll shows...
TGS Extends Multi-Year OBN Engagement in Gulf of America
TGS announced a three‑year extension of its proprietary Ocean Bottom Node (OBN) acquisition contract in the Gulf of America. The multi‑year deal, originally launched several years ago, secures continuous seismic data collection for a major regional producer. CEO Kristian Johansen...
Oil Shock Muddies Rate Path, but Loonie Seen Gaining Ground: TD Economics
TD Economics warns that renewed oil market turbulence is reviving inflation risks, keeping bond yields above pre‑crisis levels and clouding the path for central‑bank rate cuts. The firm expects the Canadian dollar to benefit from a narrowing US‑Canada rate gap,...
Singapore Jet Fuel Doubles, Squeezing Un‑hedged Airlines
SINGAPORE jet fuel prices have doubled to an average around $166 per barrel so far in April compared with $82 in January. Fuel is one of the three largest costs for passenger airlines (together with crew labour and capital) so...
Energy Trilemma Remains Unsolved and Overlooked
The energy trilemma is evergreen - we still can't solve it; some won't even recognize there is a trilemma. https://t.co/grC0cpV08V
Iberdrola Raises Generation Capacity to Nearly 59GW
Iberdrola reported an installed generation capacity of 58.9 GW at the end of Q1 2026, a 3.8% increase year‑over‑year. The U.S. portfolio contributed the largest regional boost with 693 MW, while battery storage surged 158% to 683 MW. Offshore wind and solar capacities...
Germany Pushes EU to Prioritize Clean Energy Transition
Germany wants the European Union to place industrial transition to cleaner energy at the heart of a planned review of its carbon market, after rising power and fuel prices prompted criticism of the bloc’s key climate tool https://t.co/07TSSblFVT
Oil's 10% Crash Signals Deflationary Shock
$CL_F crashed 10% in a single session — April 17. WTI fell to $84, down from a $110 peak. One day. 10%. Oil. That's not noise — that's a deflationary impulse hitting the macro backdrop at full speed. https://t.co/ju4e7ZBacD
Southeast Asia Scrambles for Supply as Crisis Tests Regional Unity
Petronas announced the receipt of a rare Iraqi crude cargo at its Pengerang refining hub, signaling a strategic move to shore up supplies as Middle East oil flows remain disrupted. The delivery comes amid a broader scramble by Southeast Asian...
Joining Bloomberg TV to Discuss Iran Oil Developments
I’ll be on @BloombergTV Surveillance in a few to discuss #Iran #oil and the latest with @annmarie @lisaabramowicz1 & @FerroTV #oott https://t.co/2dEIjcL92p
Trump Announces U.S. Negotiators to Fly to Pakistan for Iran Talks Amid Strait of Hormuz Standoff
President Donald Trump announced that a U.S. delegation will travel to Pakistan on Monday for a second round of face‑to‑face talks with Iran. The move comes as Tehran accuses Washington of “maximalist” demands and the Strait of Hormuz blockade threatens...
Trump’s Approval Slumps to 37% as War Drives Oil Above $90 and Gas Near $4
A new NBC News Decision Desk poll puts President Donald Trump’s approval at 37%, the lowest point of his second term. The dip follows a war‑driven surge in crude oil to over $90 a barrel and U.S. gasoline hovering just...
Hitachi Energy to Supply Automation Solutions for RWE Wind Project
Hitachi Energy has won a contract to supply its MicroSCADA automation system for the 900 MW Nordseecluster B offshore wind project in Germany, operated by RWE and Norges Bank Investment Management. The solution will connect 60 turbines directly to the offshore converter...
Hitachi Energy to Supply Automation Solutions for RWE Wind Project
Hitachi Energy has secured a contract to supply its MicroSCADA automation system for RWE’s 900 MW Nordseecluster B offshore wind project in Germany. The solution will connect 60 turbines directly to the offshore converter station, enabling power transmission to shore when the...