Today's Energy Pulse
Scania pilots vehicle‑to‑grid charging for heavy‑duty electric trucks
Scania demonstrated one of the first vehicle‑to‑grid (V2G) systems for heavy‑duty electric trucks using the Megawatt Charging System (MCS). The pilot showed bi‑directional power flow, letting trucks feed stored electricity back to the grid while parked at depots. Real‑time communication between the truck, charger and energy‑management platform enabled dynamic charging and discharging.
Also developing:
Norwegian Oil & Gas Cash Flow Surpasses $74 Billion as Investment Bill Hits $30.71B
Norway’s petroleum sector generated a net cash flow of roughly $74.4 billion in 2026, up from $72.0 billion in 2025. Oil production hit 107 million standard cubic meters of oil equivalents, the strongest level since 2009, while total output on the Norwegian Continental Shelf stayed steady at about 239 million SM‑e. The Johan Castberg field’s start‑up contributed to the production rise, and the government recorded $30.7 billion in sector investment, though it expects spending to taper as projects finish. Minister Terje Aasland emphasized the cash flow’s importance for Norway’s welfare state and energy‑security role in Europe.
As the US Starves It of Oil, Cuba Is Pulling Off One of the Fastest Solar Revolutions on the Planet...
Cuba is confronting nationwide blackouts as the U.S. oil blockade chokes fuel imports, prompting a rapid pivot to solar power backed by China. Chinese solar panel and battery shipments surged from $3 million in 2023 to $117 million in 2025, enabling the...
Nearly 13GWh of Grid-Scale BESS Deployed Globally in April
In April 2026, 4.5 GW (12.8 GWh) of grid‑scale battery energy storage systems were commissioned worldwide, with China delivering 2.5 GW—over half of the total. The rest of Asia added 647 MW, highlighted by Adani Group’s Khavda solar‑plus‑storage phase in India. Chile’s Innergex announced...
JP Morgan Warns Oil Could Average $151 in Q4
J.P. Morgan’s commodities strategists project that if the Strait of Hormuz reopens on September 1, Brent crude could average $151 per barrel in Q4 2026, the highest level across all reopening scenarios. Their base‑case June 1 scenario still sees Brent near $98...
How Greenpeace Helped Derail the Cleanest Energy Revolution in History
Global electricity demand is set to double by 2050, with AI‑driven data centres alone adding 945 TWh by 2030. The United States abandoned large‑scale nuclear construction, where a typical Western reactor now costs about $24 billion and takes 17 years, versus China’s $2.7 billion,...
Orsted Hints at Renewed Appetite for Growth in Key APAC Markets Including South Korea and Australia
Orsted, the Danish offshore‑wind leader, announced it is ready to chase new projects in South Korea, Australia and Taiwan after bolstering its capital structure. CEO Rasmus Errboe, who took the helm in January 2025, said the firm can now pursue “value‑creating opportunities”...
Europe's Dependence On US LNG Set To Surge
The Institute for Energy Economics and Financial Analysis warns that the European Union’s reliance on U.S. liquefied natural gas will climb from 58% of total LNG imports today to roughly 80% within two years. The United States is set to...
Uranium Supply Gains Momentum as Nuclear Energy Returns to the Spotlight
Global uranium production rose 6.1% in 2025, with Kazakhstan accounting for 39% of supply and the United States more than quadrupling output to 1,316 tonnes. The U.S. Department of Energy added uranium to the 2025 Critical Minerals list, signaling heightened policy...
Geothermal Energy Could Unlock 450 GW Electricity Potential in India: Report
A joint study by Project InnerSpace and the Council on Energy, Environment and Water estimates that India’s geothermal resources could support up to 450 GW of electricity generation, alongside 11,000 GW of industrial heat and 1,500 GW of cooling capacity. The report projects...
Sun Shines on Spain’s Green Industry Ambitions
Spain’s aggressive rollout of solar, wind and hydro power has slashed electricity costs, making its grid among the cheapest in Europe. Cheap, green power has helped the country’s manufacturing output grow at nearly three times the euro‑zone rate since 2018....
The Great SPR Arbitrage: An Oil Market Glitch Fuels Sector Gains
Washington’s authorization of a 172‑million‑barrel Strategic Petroleum Reserve exchange is flooding U.S. refiners with cheap crude just as the Strait of Hormuz shutdown is tightening global product supplies. The resulting input‑cost discount and soaring gasoline and diesel prices have driven...
From Paddy Stubble, Energy Firm SAEL Plans to Produve 1 GW Power in Next 5 Years
SAEL, a New Delhi‑based renewable energy firm, announced a plan to scale its paddy‑stubble‑based power generation to 1 GW within five years. The company currently runs 11 biomass plants across Punjab, Haryana and Rajasthan, delivering 165 MW of electricity solely from agricultural residue....
China’s US LNG Resumption Boosts Market, Not New Demand
This is exactly what I wrote about in the Daily Energy Report weeks ago and again yesterday: China deliberately stopped importing US oil and LNG, using it as a major bargaining chip. If they resume buying now, it’s...
Nextpower to Acquire Apex Power for Up to $80.5 M, Boosting Solar Infrastructure Reach
Nextpower disclosed a definitive agreement to acquire Apex Power for up to $80.5 million in cash, with $46 million payable at closing and $34.5 million in earn‑outs. The deal supports a raised 2027 revenue outlook of $3.8‑$4.1 billion and follows a fiscal‑year record despite...
Structural Changes See Bell Toll for Fossil Fuels
Danish Ship Finance’s latest maritime report warns that five independent forces – fiscal recomposition, the energy transition’s shift to equipment imports, China’s evolution into a gatekeeper, the loss of distance as a buffer, and a demographic tilt toward services –...
Bessent's "Suffocating" Iranian Regime Strategy Materializes In Kharg Island Satellite Imagery
Treasury Secretary Scott Bessent’s warning that the United States is "suffocating" Iran’s regime is now visible in satellite data. European imagery shows Kharg Island, Iran’s primary crude export hub, completely empty of ocean‑going tankers on May 8, 9 and 11, marking the longest...
Cadeler Installs First Monopile at Ørsted’s Hornsea 3 Offshore Wind Farm
Cadeler has installed the first of 197 monopile foundations at Ørsted’s Hornsea 3 offshore wind farm in the UK, using its purpose‑built A‑class vessel Wind Ally. The project, which will reach 2.9 GW capacity and supply power to over 3.3 million homes, marks Cadeler’s...
Why Gas Engine Power Plants Are Crucial in the Energy Transition
Gas‑engine power plants are emerging as a flexible bridge in the shift toward a renewables‑heavy grid. Their modular, containerised design lets operators match output to volatile demand and quickly replace or relocate capacity as transmission upgrades roll out. Compared with...
U.S. Offers $100 Million Aid as Cuba Endures Island‑wide Blackouts From Fuel Shortage
The United States announced a $100 million humanitarian aid package for Cuba, contingent on political reforms, as the island endures rolling blackouts caused by depleted diesel and fuel‑oil stocks. The aid offer arrives amid a U.S.‑led oil blockade that has left...
Community Shocked as Australia’s Most Advanced Renewable State Moves to End Fracking Ban
South Australian Premier Peter Malinauskas announced legislation to lift the 10‑year fracking moratorium in the Limestone Coast, arguing that future gas resources should be evaluated on scientific and economic grounds. The ban, imposed in 2018 to protect farmland and groundwater, will...
200,000 Californians Help the Grid Out in Tough Times and Get Paid for It. Now That's up in the Air
California’s Demand‑Side Grid Management program, launched in 2022, pays more than 200,000 households to export solar‑charged battery power during hot‑weather peaks. Participants like the Lipps family earn a $300 annual credit while collectively supplying over a gigawatt of clean energy—roughly...
Matrix Connects Two New Renewable Projects to Spanish Grid
Matrix Renewables has linked two new solar farms—Cruz de los Caminos and Piedra de la Sal—in Cuenca province to Spain’s national grid, adding roughly 102.5 MW of capacity. The projects bring the company’s Spanish footprint to 15 interconnected assets and a...
Matrix Connects Two New Renewable Projects to Spanish Grid
Matrix Renewables has connected two solar farms—Cruz de los Caminos (51.29 MW) and Piedra de la Sal (51.25 MW)—to Spain’s national grid, raising its Spanish portfolio to 15 projects and a combined 691 MW of capacity. Both farms will sell power under a...
Türkiye Targets First Offshore Wind Tender as 2026 Set to Be 'Year of Wind'
Turkey's Energy and Natural Resources Ministry announced its first offshore wind Renewable Energy Resource Area (YEKA) tender after completing permits for four sites. The locations—Saros Bay, Gökçeada, Bozcaada and Edremit—are intended to help the country achieve 5 GW of offshore wind...
Second Japan-Linked Oil Tanker Sails Via Strait of Hormuz as PM Asks Iran to Help Out
A Panama‑flagged crude tanker managed by Japan’s Eneos group successfully crossed the Strait of Hormuz, marking the second Japan‑linked vessel to do so after Prime Minister Sanae Takaichi personally appealed to Iran for passage. The ship carries about 1.2 million barrels...
TotalEnergies’ 750-Million-Barrel Project Offshore Namibia Targets First Oil in 2030
TotalEnergies is moving ahead with the Venus deep‑water oil project in Namibia’s Block 2913B, a discovery estimated to contain about 750 million barrels of recoverable oil and a Phase 1 production capacity of roughly 150,000 bpd. Front‑end engineering and design (FEED) has been completed...
‘Inevitable’ Jet Fuel Shortages Will Drive up Air Fares This Summer, Says Willie Walsh
IATA chief Willie Walsh warned that jet‑fuel shortages, triggered by the Iran‑related closure of the Strait of Hormuz, will make higher air‑fares inevitable during Europe’s summer peak. Even if the strait reopens, elevated oil prices are expected to linger into...
Eneos Buys Chevron Oil Assets in APAC for $2.2B
Japanese refiner Eneos announced a $2.17 billion cash purchase of Chevron's refining and retail assets across the Asia‑Pacific, including a 50% stake in a Singapore refinery. The transaction, slated to close in 2027, marks Eneos' first overseas refinery ownership and expands...
Big Batteries Took a Bite Out of Gas Generators’ Evening Peak Party, Then They Ate the Whole Dinner
Queensland’s electric grid, long reliant on peaking gas generators, saw a rapid shift as large‑scale battery storage entered the market. In March and April 2026, batteries reduced gas output during the evening peak by roughly 40%, effectively displacing the traditional...
From Coal to Code to Reactors: How Wyoming’s State and Local Decisions Shape Irregular Warfare
Wyoming is shifting from a coal‑driven economy to a hub for data centers and advanced nuclear projects, linking its electricity grid directly to U.S. military computing and deterrence. State and local officials now control the reliability of power that fuels...
NSW Fast Tracks $60m to Win over Local Communities, Years Before First Poles Erected in New Renewable Zone
The New South Wales government has launched a $60 million (≈$40 million USD) community funding program to support towns in the New England and Upper Hunter regions before the New England Renewable Energy Zone (REZ) construction begins. The REZ, projected to exceed...
A “Keep Out” Sign for Investment: Alarm Bell Sounds over New Retrospective Tax on Renewables
The Albanese government’s 2024‑25 budget expands capital gains tax (CGT) to cover renewable energy assets such as wind turbines, solar panels, battery storage, and transmission infrastructure. A 50 percent CGT discount is offered only until 2030, after which the levy returns...
Celebrating Curtailment: Are Negative Prices Really that Bad?
The episode examines why wholesale electricity prices in Europe are increasingly turning negative, a phenomenon driven by rapid growth in solar and wind generation that outpaces demand, especially during sunny midday periods. Experts explain that negative prices signal oversupply, prompting...
~28 Years of History for the VIC-SA Interconnector, in One Chart
The VIC‑SA interconnector has logged 28 years of flow data, split into three distinct phases. From 1999‑2017 Victoria was the dominant exporter, averaging about +44 MW to South Australia. Between July 2017 and December 2020 the trend flipped, with SA exporting roughly –49 MW to...
Crude@$100+: A Power Boom You Might Be Missing
India’s power and energy sector has seen a massive rally as Brent crude stays above $100 per barrel, adding roughly $36 bn (Rs 3 lakh crore) to the market‑capitalisation of Nifty Energy stocks since the US‑Israel‑Iran conflict began. Foreign institutional investors poured about $670 m...
Diesel Backup Gensets Are Big Winners From the Data Centre Boom. Our Cities Would Be Better Off with Batteries
Data‑centre operators pursuing Tier IV (Rated‑4) uptime must provision 96 hours of diesel backup for every megawatt, driving roughly $1.6 billion USD in capital costs per gigawatt and $50 million USD in annual OPEX. Prices for generators have surged about 45% since 2021, pushing...
Hormuz Oil Flows Fell Nearly 30% Last Quarter
U.S. Energy Information Administration data show that daily oil and fuel flows through the Strait of Hormuz fell to about 14.6 million barrels in Q1 2026, a near‑30 percent drop from a year earlier. The decline follows the onset of the war...
UK Company Advances in Vietnam with Successful Appraisal Well
Pharos Energy, the UK‑listed oil and gas producer, announced the successful drilling of an appraisal well at the Te Giac Trang (TGT) field offshore Vietnam. The well confirms reservoir quality and could lift the company’s offshore output. A second appraisal...
Bizarre Planning Rules that Force New Home Owners to Pay for Gas Connections, Whether They Want It or Not
A McKell Institute report finds that 60% of new South Australian homes are automatically connected to the fossil‑gas network, incurring a $4,500 AUD (≈$3,000 USD) connection fee and an additional $8,000 AUD (≈$5,300 USD) in construction costs. The policy persists despite a 5.5% annual...
Public Gets Three More Weeks To Comment On Eskom Nuclear Site – But Critics Say It’s Not Enough
Eskom has pushed the deadline for comments on its Draft Environmental Scoping Report from 5 May to 25 May, adding a 21‑day extension for the proposed 5,200 MW nuclear plant. The report, which leans toward the Thyspunt site, comes with a 2,700‑page dossier...
Energy Insiders Podcast: Budget’s Fossil Fail, and How to Fix the CIS
The latest Energy Insiders podcast examines the Australian federal budget’s disappointing support for fossil fuels and the resulting setbacks for clean energy projects. Host Tim Buckley critiques the budget’s reduced renewable subsidies and highlights the under‑funded Capacity Investment Scheme (CIS)...
SoliTek Launches Fully Automated PV Module Line in Lithuania
Inside PV Manufacturing: SoliTek’s new fully automated module line in Lithuania #energysky -- via pv magazine global: https://t.co/L2dEaToxte https://t.co/qPZfZtjDFQ
Keyera Closes $5.3 B Acquisition of Plains’ Canadian NGL Business Amid Competition Review
Keyera Corp. has completed its $5.3 billion acquisition of Plains' Canadian natural‑gas liquids (NGL) business, despite a Competition Commissioner filing that could lead to a Tribunal review. The deal expands Keyera's integrated NGL platform and is funded in part by a...
Western Australia Battery Storage Supplies Record 37.2% of Peak Demand
On May 9, utility‑scale battery storage in Western Australia supplied 37.2% of the South West Interconnected System’s peak demand, the highest penetration recorded for an isolated grid. The achievement follows two years of rapid capacity expansion and is driven by federal...
Germany Approves 11 GW of New Gas‑Fired Power Plants to Guard Against Renewable Shortfalls
Germany's cabinet, led by Chancellor Friedrich Merz, approved a plan to tender 11 GW of new gas‑fired power capacity by summer 2026. The plants will be hydrogen‑ready after 2045 and are meant to plug expected supply gaps as renewable output fluctuates.
EU Commission Releases Catalogue to Cut Gas Use by Up to 15 Bcm Annually
The European Commission today published a web‑based catalogue of national practices that can help EU members cut gas demand by 10‑15 billion cubic metres and oil consumption by 15‑20 million tonnes each year. The initiative, presented by Energy Commissioner Dan Jørgensen at the...
NV Energy Cuts Residential Power, Redirects 75% to Data Centers, Sparking Solar‑Battery Surge
NV Energy announced it will stop supplying power to 49,000 Lake Tahoe residents after May 2027, diverting roughly three‑quarters of the area's electricity to new AI data centers. The move forces homeowners to seek independent solar and storage solutions as...
Australia's Biggest Solar Adds Early Battery to Curb Duck Curve
Australia’s largest solar project changes shape as owner brings forward big battery to beat solar duck #energysky -- via Renew Economy: https://t.co/RWCCtTZ6Pv https://t.co/FCSWZXykrk
China’s EcoFlow to Sell Solar Panels in British Supermarkets Soon
EcoFlow, a Chinese energy‑storage firm, will begin selling plug‑in solar panels through UK supermarkets such as Lidl and Iceland within months. The move aligns with the British government’s plan to install 1.5 million energy‑efficient homes as part of its net‑zero 2050...
Siemens Hits Carbon‑Neutral Milestone at North Carolina Plant with 1.25‑MW Solar‑Battery Microgrid
Siemens announced that its Wendell, North Carolina manufacturing site achieved carbon neutrality by deploying a 1.25‑MW solar carport paired with a 3.9‑MWh battery storage system. The on‑site microgrid cuts grid draw by 2.5 MWh annually and keeps production running during outages,...