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:
SolarEdge Shares Jump 49% as Tax Credit Deadline Looms and New CFO Takes Helm
SolarEdge Technologies saw its shares climb to $61.76, a 49.5% gain over the past week, after investors priced in a pull‑forward of demand ahead of the July 4 solar investment tax credit deadline and the company's recent CFO appointment. The rally highlights how policy timing and leadership shifts can reshape cash‑flow expectations in the clean‑energy sector.
Mandates versus Molecules
Tightening UK and EU sustainable aviation fuel (SAF) mandates are outpacing the economics of production, leaving airlines forced to buy a costly compliance product. Current SAF prices are three to ten times higher than conventional jet fuel, keeping procurement tactical...
Seapeak Grows LNG Orderbook with $756m Samsung Heavy Trio
Seapeak announced three new 174,000 cu m dual‑fuel LNG carriers from Samsung Heavy Industries, valued at roughly $756 million. The vessels, slated for delivery in early 2029, are already tied to 10‑year charters with a five‑year extension option from an unnamed energy firm....
Tesla's Solar Roof Stalls, Shifts Focus to Conventional Panels
Tesla has installed roughly 3,000 Solar Roof systems—far below its 1,000‑per‑week target—while customer service deteriorates and the company trims its solar workforce. The firm is quietly moving new residential customers toward conventional solar panels, signaling a major strategic retreat in...
Ford Spins Off Energy Unit, Morgan Stanley Calls It a $10B Battery Bet
Ford Motor announced the spin‑off of Ford Energy, a dedicated battery storage subsidiary, prompting a 13% jump in its shares. Morgan Stanley valued the unit at $10 billion, citing a $2 billion Kentucky plant build‑out and a licensing deal with CATL that...
NextEra Energy and Dominion Energy in $25 B Stock‑Swap Merger Talks
NextEra Energy and Dominion Energy have entered talks to combine in a $25 billion stock‑swap merger, signaling a potential reshaping of the U.S. utility landscape. The companies have not disclosed details, but the size of the deal suggests significant regulatory and...
Algeria Commissions 1.48 GW of Solar to Power Its Data‑centre Cluster
Algeria’s Ministry of Energy and Renewable Energies confirmed the commissioning of nine photovoltaic plants totaling 1.48 GW by August 2026, aimed at supplying the nation’s emerging data‑centre cluster. The move cuts reliance on gas‑fired generation and opens the door to renewable‑backed...
Oklahoma Senate Advances Bill to Repurpose 20,000 Abandoned Wells for Geothermal Energy
Oklahoma's Senate is pushing a bill that would let companies buy and convert thousands of orphaned oil and gas wells into geothermal or underground storage sites. The proposal follows similar legislation in New Mexico and comes as states across the...
Occidental and Ardmore Shipping Spotlighted as Overlooked High‑Growth Oil Plays
Research analysts have highlighted Occidental Petroleum (OXY) and Ardmore Shipping (ASC) as two of the most overlooked oil‑related stocks, noting 36% and 75% price gains this year. Both companies posted record Q1 earnings, aggressive debt reduction and rising free cash...
Virginia's Carbon Market Is a Wealth Transfer
Virginia is set to rejoin the Regional Greenhouse Gas Initiative (RGGI) this summer under Governor Abigail Spanberger, prompting another round of electricity rate hikes for consumers. Proponents tout the move as a climate‑friendly solution that will keep power affordable despite...
China Gets First U.S. LNG in a Year
Three LNG carriers left Louisiana this month, bound for Chinese terminals in mid‑June, marking the first direct U.S. LNG shipment to China in over a year. The cargoes stem from the United States’ expanding export capacity and signal a tentative...
Molten Salt Reactors Move Closer to Reality After Breakthrough at U.S. Lab
Researchers at Oak Ridge National Laboratory have successfully measured the thermal conductivity and viscosity of molten salts, providing the first reliable data on how these fluids behave inside a reactor. The breakthrough addresses a long‑standing data gap that has hampered...
Renewables Power 86% of California Demand, Gas Hits Record Low
Even if you are tired of seeing these plots, you want to see this. WindWaterSolar breaks two more records on May 16, supplying 80.75% of 24-hour demand and >100% of demand for 10.25 hours on the @CaliforniaISO grid Fossil gas also drops...
Ukrainian Drone Strike Sets Ryazan Oil Refinery Ablaze, Halting 17.1M‑Ton Output
Ukrainian drones hit Russia's Ryazan oil refinery on Friday, sparking a massive fire that halted the plant’s 17.1 million‑ton annual capacity. The attack killed at least four people, wounded dozens, and produced reports of “black rain” falling over the city, raising...
Yolk‐Double‐Shell ZnPS3/NC@C Polyhedra Engineered via Kirkendall‐Effect‐Driven Etching for Superior Sodium Storage
Researchers have engineered a yolk‑double‑shell ZnPS3/N‑doped carbon@carbon polyhedron using a MOF‑mediated Kirkendall‑effect etching strategy. The design creates a conductive N‑doped carbon matrix and an outer carbon shell that together accommodate volume change and suppress polysulfide dissolution. As a sodium‑ion battery...
Panthalassa Secures $140 Million to Deploy Wave‑Powered Floating Data Centres
Panthalassa closed a $140 million financing round led by Peter Thiel, valuing the start‑up at nearly $1 billion. The capital will fund the construction of 85‑metre solid‑steel nodes that generate electricity from ocean waves to power AI‑intensive data centres, a direct response...
Invest in Clean Energy, Not More Oil Infrastructure
Bet On The Tractor, Not The Horse A "theory of change" to explain today's global energy disruptions. ...and why Canada MUST NOT invest in more oil production, more pipelines, more LNG. #cdnpoli #energytransition https://markhamhislop.substack.com/p/bet-on-the-tractor-not-the-horse
Oil Surges Past $109 as Iran Toll Threat and US Waiver Expiry Tighten Supply
Crude oil jumped above $109 a barrel on Tuesday after Iran announced tolls on Strait of Hormuz traffic and the United States let a temporary Russian‑oil waiver expire. The moves have spiked import bills and inflation pressures for oil‑importing emerging...
Cuba’s Power Crisis Deepens as U.S. Fuel Blockade Leaves Island Without Oil
Cuba’s energy minister announced the country has effectively run out of imported oil, triggering widespread electricity outages. The United States, maintaining a fuel blockade, has offered $100 million in food and medicine aid on the condition it be distributed by the...
Chevron CEO Mike Wirth Warns of 1970s‑style Oil Crisis at Milken Institute Conference
At the Milken Institute Global Conference, Chevron CEO Mike Wirth warned that a shutdown of the Strait of Hormuz and the erosion of U.S. strategic petroleum reserves could spark an oil shortage comparable to the 1970s. He said the risk...
Hormuz Blocked, Talks Falter, Pipeline Expansions Accelerate
Hormuz is all Blocked Up with Ships - Week 11 | Iran and US Blockade Update 1⃣Qatar LNG Shipments Resume? 2⃣Iran and US Peace Talks Breakdown 3⃣Pipeline Expansions on the Arabian Peninsula 4⃣US and China Agree on No Hormuz Toll 5⃣Iran Agreements with India, Pakistan,...
Blame Game on Blackouts: Who’s Really at Fault?
The Philippines endured rotational blackouts lasting up to three hours as the Ilijan gas plant’s 500‑kV lines tripped, prompting the Department of Energy (DOE) to order a detailed report from grid operator NGCP. DOE officials blamed NGCP for delayed reporting,...
State Green-Lights Plan for Australia’s Biggest Wind Farm, with 219 Turbines and Two Big Batteries
Victoria’s Labor government has approved the Environment Effects Statement for WestWind Energy’s Warracknabeal Energy Park, a 219‑turbine wind farm slated to generate more than 1.5 GW of power across 26,000 ha of farmland. The project includes two grid‑scale battery storage units of...
Iraq Exported 10 Million Barrels Of Oil Through Strait Of Hormuz In April
Iraq exported roughly 10 million barrels of crude through the Strait of Hormuz in April, a steep drop from the pre‑conflict average of about 93 million barrels per month. The country is producing 1.4 million barrels per day and has restarted the Kirkuk‑Ceyhan...
Zambia’s 2‑MW Solar‑by‑Constituency Plan Serves as Blueprint for Kenya’s Energy‑Poverty Fight
At a Nairobi parliamentary forum, Zambia’s senior research officer Slyvester Kaonga unveiled a government‑backed scheme to build 2‑megawatt solar plants in each of the country’s constituencies, turning local communities into power producers. Delegates see the model as a template for...
Iran Conflict Risks 20% of Global Oil Supply, Fuels Sharp Price Surge
Iran's announcement of a toll system for ships in the Strait of Hormuz could restrict up to 20% of global oil supply, sending crude prices soaring. The move coincides with U.S. cargo aircraft leaving the region and heightened concerns over...
Analysts Warn Oil Prices Could Spike Non‑Linearly as Supply Tightens
Energy analysts cautioned that crude oil markets may experience a sudden, non‑linear price jump within a month as inventories dwindle and geopolitical risk mounts. Brent crude hovering around $110 per barrel has already pushed Indian fuel prices higher, raising inflation...
U.S. Settles Adani Solar Bribery Lawsuits for $18 Million, Drops Criminal Case
The U.S. Securities and Exchange Commission settled civil allegations against Gautam and Sagar Adani for $6 million and $12 million respectively, while the Department of Justice is poised to dismiss criminal fraud charges. The resolution removes a major compliance overhang for the...
NTPC Chief Cautions Against Dependence on Single Supplier for Nuclear Technology
India’s push for a 100 GW nuclear power portfolio is gaining momentum, with state‑run NTPC aiming to add 30 GW by 2047. Chairman Gurdeep Singh warned that over‑reliance on a single foreign supplier could expose the program to global supply‑chain risks, even if...
Mint Explainer | Why Power Prices on Indian Exchanges Are Crashing to Zero Despite Record Demand
India’s power market saw real‑time electricity prices on the Indian Energy Exchange drop to zero on May 1 and again on May 15, driven by a surge in daytime solar generation and weak demand. The zero‑price spikes occurred during the mid‑afternoon window...
ERCOT Solar Generation to Surpass Coal in 2026, Marking Texas Renewable Milestone
The Energy Information Administration projects that utility‑scale solar will generate 78 billion kilowatt‑hours in ERCOT in 2026, overtaking coal's 60 billion kWh for the first time. The forecast underscores a rapid rise in solar’s share of Texas’ generation mix and foreshadows broader...
Oil Spikes Above $105, US Stocks Tumble and Treasury Yields Jump
Crude oil surged past $105 per barrel on Friday, dragging the S&P 500, Nasdaq and Dow Jones down 1%‑plus and lifting the 10‑year Treasury yield to 4.6%. The move reflects heightened geopolitical risk and fuels fresh concerns about inflation and...
Enbridge Q1 EBITDA Near $4.3B as Pipeline Utilization Hits Record, Outlook Strong
Enbridge reported first‑quarter adjusted EBITDA of C$5.8 billion (≈$4.3 billion) and a record 3.2 million barrels per day of mainline volumes, while raising its quarterly dividend by nearly 3%. The company reaffirmed 2026 guidance, underscoring strong demand for its oil‑and‑gas pipelines and a...
‘Nervous Energy’: US Wind and Solar Projects at Risk as Tax Credits Expire
US wind and solar developers are confronting a looming financing crunch as the federal Production Tax Credit (PTC) and Investment Tax Credit (ITC) are set to expire at the end of 2024. The uncertainty has already caused several multi‑gigawatt projects...
Vietnam’s Largest Refinery Sees ‘Stable’ Operations Through June
Vietnam’s flagship Nghi Son Refinery is diversifying its crude supply and says it can keep operations stable through June. In Q1 it processed about 2.6 million tonnes of crude and delivered roughly 2.2 million tonnes of petroleum products. The refinery, a 200,000‑bpd...
Australian State Proposes to Lift Fracking Moratorium
South Australia announced plans to repeal its ten‑year moratorium on hydraulic fracturing, aiming to lift the ban by 2029 as gas supply risks loom. The proposed Energy Resources (Regulated Activities) Amendment Bill will still require detailed environmental assessments, public consultation...
Electricity Theft Cost Eskom R8.15 Billion in 11 Months
South Africa’s state utility Eskom reported R8.15 billion in non‑technical losses—primarily electricity theft and illegal connections—between April 2025 and February 2026, bringing total losses to R11.17 billion. Meter audits and connection removals have already recovered more than R500 million and cut over 1,000 GWh of losses...
Renewables + Storage Overtake Gas as Cheapest Power
In March 2026, renewables officially beat natural gas to become the largest source of electricity generation on the U.S. grid for the first time in history (35% to 34.4%). Meanwhile, Texas is plugging in a massive 12.9 GW of grid...
Wholesale Electricity Prices Follow Gas, Not Renewables.
NEW ANALYSIS: Do renewables make electricity cheaper or more expensive? I pulled together wholesale and retail data across Europe and the US. Wholesale prices track gas exposure, not renewables share. Retail prices barely track either. Full piece👇 https://t.co/kl1w1qFwJR https://t.co/B3qPwnRf1h
3 Women Leaders Help Shape Philippine Energy Shift
Meralco PowerGen Corp. (MGEN) is spotlighting three women who are reshaping the Philippines’ energy landscape. Control‑room engineer Cristine Albarando is the sole female engineer at the Cebu thermal plant, while Jennylene Baluyot manages the 55‑MW Bulacan solar park, making real‑time...
Australia’s Biggest Solar Farm Enjoys Less Curtailment, but Lower Prices, as Big Battery Starts Commissioning
Acen Renewables, the Philippines‑based owner of New England and Stubbo solar farms in New South Wales, reported an 87% jump in Australian generation to 528 GWh in the March quarter, driven by Stubbo’s first full‑quarter of output and reduced curtailment at...
Solar & Farming Can Share Land, But The Details Matter
Agrivoltaics—co‑locating solar panels with agricultural activities—offers real benefits in hot, dry regions but is far from a universal solution. China leads by a wide margin with roughly 135 GW of mixed‑use projects, while the United States has about 10 GW, primarily grazing...
Maryland Challenges PJM Over Data Center Grid Costs Amid $1.6 Billion Bill Surge
Maryland’s Office of People’s Counsel lodged a formal complaint with the Federal Energy Regulatory Commission, alleging that PJM Interconnection’s cost‑allocation methods force residential customers to shoulder $1.6 billion in extra energy bills over the next decade due to data‑center demand. The...
Nano Nuclear Signs MOU with Supermicro to Power AI Data Centers with On‑site Micro‑reactors
Nano Nuclear Energy announced a non‑binding memorandum of understanding with Super Micro Computer to explore pairing its KRONOS micro‑modular reactor (MMR) with Supermicro's AI server platforms. The deal sparked a 14.2% jump in Nano Nuclear’s stock and adds to a...
Unchecked Data Center Growth Could Curtail Renewable Power
Grid operators may reduce renewables penetration if data center growth continues unchecked, says ENTSO-E #energysky -- via pv magazine global: https://t.co/pKhkwxu9XX
California Discharges Record 12,000 MW From Battery Array, Matching 12 Nuclear Plants
California’s grid released just over 12,000 MW from large‑scale batteries—equivalent to the output of 12 nuclear plants—covering more than 40% of evening peak demand. The milestone highlights rapid battery deployment, but experts warn that policy uncertainty and the need for additional...
Iran War Cuts 15% of Global Oil Supply, Brent Tops $100; Nigeria Signs $25 Bn Refinery MoU
The war in Iran has eliminated roughly 15% of global oil output, driving Brent crude above $100 a barrel. At the same time, Nigeria’s NNPC signed a memorandum of understanding with two Chinese firms to revive its Warri and Port...
US Allows Russia Oil Sales Waiver To Expire Despite Tight Market
The Trump administration let expire the temporary waiver that had permitted U.S. buyers to purchase Russian crude already on tankers, ending a brief easing of sanctions. The waiver, first issued in March and renewed in April, was intended to cushion...
Spain‑Denmark Renewable Pair Cuts Green Hydrogen to €2/Kg
Gastech focuses on hydrogen too. 👇👇 Spain and Denmark Green Hydrogen Corridor Study "A new study suggests that combining Spain's solar photovoltaic capacity with Denmark's offshore wind power could help establish a competitive European green hydrogen market, with production costs...
Venezuela Circulates Draft of Oil Law Regulations for Companies
Venezuela’s government has begun circulating a 63‑page draft of regulations tied to its new hydrocarbons law, detailing technical, operational, fiscal and control provisions for private firms in oil and gas fields. The draft revokes the 1943 oil law and 1969...