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:
Morgan Stanley Maps Four Oil Shock Scenarios From Fed Hikes to Global Recession
Morgan Stanley outlined four alternative macroeconomic scenarios surrounding its base case of a gradual Iran de‑escalation, a brief inflation spike and a patient Federal Reserve. Scenario 1 predicts a 100‑basis‑point Fed hike in 2027 as the oil shock fades, while Scenario 2 couples AI‑driven productivity gains with rising unemployment and early‑2027 rate cuts. Scenario 3 envisions a permanent oil premium that keeps core PCE above 3% and forces the Fed to hold rates at 3.5‑3.75%. Scenario 4 warns that oil at $140‑160 a barrel could plunge the global economy into recession by late 2026.
Google Secures 500 MW Solar PPA with Linea Energy to Power Texas Data Centers
Google has signed a 15‑year power purchase agreement with Linea Energy for 500 MW of solar power from the Duffy Solar Project in Texas. The deal, the biggest annual solar purchase by a cloud provider, underpins Google’s 2030 carbon‑free energy goal...
Balcony Solar Advances In Colorado As New Legislation Removes Barriers
Colorado Governor Jared Polis signed HB26‑1007, a law that removes utility fees and HOA restrictions on plug‑in balcony solar systems. The legislation, effective Jan 1 2026, caps installations at under 2 kW and requires devices to include anti‑islanding features. Utilities must provide approved...
Eos Energy Enterprises Inc (EOSE) Q1 2026 Earnings Call Transcript
Eos Energy Enterprises reported Q1 2026 revenue of $57 million, a 445% year‑over‑year increase, and a $645 million backlog representing 2.6 GWh of storage contracts. The company posted a gross loss of $44.4 million but improved adjusted EBITDA loss to $68 million, reflecting...
XAI Adds 19 New Gas Turbines Despite Ongoing Lawsuit
Elon Musk's xAI has installed 19 new natural‑gas turbines at its Southhaven, Mississippi data‑center campus over the past two months. The move was revealed through internal emails obtained by WIRED. The expansion occurs while the company faces a lawsuit alleging...
Iraq and Pakistan Strike Iran Transit Deals to Move Oil and LNG Through Hormuz
Iraq and Pakistan have each struck bilateral deals with Iran to secure transit of oil and LNG through the Strait of Hormuz after the U.S.–Israeli war sharply reduced regional energy flows. Iraq arranged safe passage for two very large crude...
Daily Energy Report
China’s crude oil imports plunged by more than 2.6 million barrels per day in March and April 2026, marking the lowest import levels in seven years. The drop coincided with a sharp price rise and the Hormuz Strait crisis, which constrained...
WattEV Orders 370 Tesla Semis for Port of Oakland Deployment
WattEV has placed an order for 370 Tesla Semi trucks, with more than 300 slated for a joint program with the Port of Oakland. The first 50 units will arrive alongside new Megawatt Charging System stations in Oakland and Fresno,...
Oracle Switches to Bloom Energy Fuel Cells for 2.45 GW Project Jupiter Campus
Oracle announced it will power its 3‑million‑square‑foot Project Jupiter AI campus in Doña Ana County, New Mexico, with a Bloom Energy fuel‑cell microgrid capable of delivering up to 2.45 GW. The shift abandons a previously approved gas‑turbine and diesel backup design after...
Iran Rejects US Ceasefire Offer, Brent Crude Surges Above $105 a Barrel
Iran rebuffed a U.S. cease‑fire proposal, sending Brent crude up more than 3% to $105 a barrel and keeping the Strait of Hormuz largely closed. The escalation fuels inflation worries in commodity‑dependent emerging economies and tightens global oil supplies.
NESR Posts Record Q1 Revenue, Announces Dividend and $50 Million Buyback
National Energy Services Reunited Corp (NESR) posted a record $404.6 million first‑quarter revenue, up 33.5% year‑over‑year, and announced a quarterly dividend and a $50 million share‑repurchase program. The results came despite $4 million in extra freight costs tied to regional geopolitical disruption.
Star Catcher Industries Nabs $65M Series A
Star Catcher Industries announced a $65 million Series A round, led by B Capital with co‑leadership from Shield Capital and Cerberus Ventures. The new capital brings the company’s total funding to $88 million. Star Catcher is developing the first space‑based power grid that...
Germany’s Chancellor Labels Nuclear Phase‑Out a Strategic Mistake, Fueling Energy Debate
German Chancellor Friedrich Merz publicly called the 2023 nuclear phase‑out a “serious strategic mistake,” reviving criticism of the Energiewende. His remarks have sparked a heated debate among policymakers, industry leaders, and climate advocates about Germany’s future energy mix and the...
Michigan Gas Prices Slip to $4.72/gal, Analysts Warn Summer Surge
Michigan's average regular gasoline price fell to $4.72 a gallon, a 14‑cent drop from the previous week. Analysts say the brief relief could evaporate as summer travel demand rises and geopolitical risks keep crude oil near $100 a barrel.
The Missing Link in the US Energy Advantage: Connecting Supply to Demand
The United States now produces oil and natural gas at record levels, but aging permitting processes prevent timely construction of pipelines and export facilities. Growing electricity demand from AI, data centers, and advanced manufacturing is creating a "Demand Decade" that...
Does OPEC Still Matter?
On April 28 the United Arab Emirates announced it will leave OPEC effective May 1, ending nearly six decades of membership and removing the group’s fourth‑largest oil producer. The exit comes as the Iran‑Saudi conflict has shut the Strait of Hormuz, heightening...
Bechtel, NABTU Launch Nuclear Apprenticeship Push as Power Demand Rises
Bechtel and the North America Building Trades Unions (NABTU) have signed a memorandum of understanding to modernize apprenticeship programs for nuclear construction, covering both traditional reactors and small‑modular reactors. The partnership arrives as utility and gas construction starts jumped 59.3%...
€200 Million Siruai Renewable Energy Project Launches in Kenya, First of Its Kind in East Africa
Meridiam and Craftskill Energy have launched the Siruai Renewable Energy Project in Kenya, a €200 million ($218 million) investment that pairs 100 MW of wind capacity with a 50 MWh battery storage system. The hybrid wind‑storage facility, located near the Kipeto Wind Farm in...
Fluence Energy Signs Master Supply Agreements with Two ‘Major’ Hyperscalers
Fluence Energy announced master supply agreements with two major, unnamed hyperscalers, marking early progress on its data‑center strategy. Despite a Q1 net loss of $29 million and revenue below forecasts, the company reported a record $5.6 billion order backlog, up 11% and...
Oil Sands Claims Exposed as Hot Air
Liar, Liar, The Oil Sands Pants Are on Fire Flame away, oil bros, you know I'm right. #ableg #abpoli #cdnpoli #oilsands https://markhamhislop.substack.com/p/liar-liar-the-oil-sands-pants-are?r=gpc8l
US to Unveil New Data Spotlighting Hormuz, Global Reserves
The U.S. Energy Information Administration announced a new quarterly report that will begin publishing on May 13, providing detailed data on global strategic petroleum reserves and LNG flows through key shipping chokepoints such as the Strait of Hormuz. The datasets are...
AEGIS, Quantum eMotion, and SEETEL Launch Quantum-Secured Energy Platform
Aegis Critical Energy Defence, Quantum eMotion, and SEETEL New Energy have expanded their partnership to launch a quantum‑secured Battery Energy Storage System platform. The solution embeds Quantum Random Number Generator encryption into the hardware, protecting against “harvest now, decrypt later”...
Taipingling Nuclear Power Project Begins Unit 4 Construction in $17 Billion China Energy Expansion
China’s Taipingling nuclear power project entered a new construction phase on May 10, 2026 as workers poured the first safety‑related concrete for Unit 4. The $17 billion, six‑reactor Hualong One complex in Guangdong aims to deliver roughly 7.2 GW and more than 55 billion kWh of clean...
Laos Slashes EV Fees, Hikes ICE Fees to Curb Fuel
Iran war has made Laos cut EV registration fee by 30% and increase ICE registration fee by 30%. Goal: cut petrol/diesel use. Govt agencies have stopped purchase of all ICE vehicles. https://www.eco-business.com/news/laos-slashes-ev-fees-hikes-petrol-car-charges-to-curb-fuel-use/
Siemens Plant Goes Carbon Neutral with Solar Microgrid
Siemens has installed a 1.25 MW solar carport and a 3.9 MWh battery storage system at its Wendell, North Carolina plant, creating an on‑site microgrid. The system makes the facility carbon‑neutral and trims grid consumption by roughly 2.5 MWh each year. It also...
Indonesia’s EV Subsidies Save Triple Fuel Costs
In Indonesia, the government subsidizes petrol/diesel ICE cars and electricity for EVs. But for every rupiah the state spent covering EV electricity, it saved about three rupiahs in fuel disbursement. https://theicct.org/indonesias-growing-electric-car-fleet-is-cushioning-the-financial-damage-of-the-oil-price-shock-may26/
EIA: Prolonged Strait of Hormuz Disruption Reshapes Global Oil Markets
The U.S. Energy Information Administration revised its outlook in May, now assuming the Strait of Hormuz will stay effectively closed through late May with a gradual reopening in early June. Brent crude spot prices surged to an average of $117...
Five Reasons Why Oil Prices Haven’t Surged Higher Despite the Iran War
The Iran‑triggered war has removed roughly one billion barrels of oil from the market, the largest supply shock in history, yet Brent and U.S. crude futures remain near $108 and $101 per barrel respectively. Analysts point to a pre‑war global...
SPR Should Be Emergency Reserve, Not Political Price Tool
🔴My views on the SPR as summed up by Grok: ▪️He frequently discusses the US Strategic Petroleum Reserve (SPR) in his tweets @anasalhajji and Substack writings (https://t.co/LfUHIpY0M2), as well as in interviews, podcasts, and op-eds. ▪️His overall position—consistent since at...
Titan Charters United LNG I Bunker Vessel
Titan Clean Fuels, now owned by Molgas Energy Group, has chartered United LNG I, a 135‑meter inland‑waterway bunker vessel launched in December 2025. The ship can transport up to 8,000 cubic meters of LNG, liquefied biomethane and, eventually, renewable e‑LNG...
Trump Heads to Beijing Seeking Chinese Help to Reopen Strait of Hormuz Amid Iran War
President Donald Trump arrived in Beijing on May 13 to meet Xi Jinping, urging China to pressure Iran and help reopen the Strait of Hormuz, which carries roughly 20% of world crude. The visit also tackles lingering trade disputes and...
Ramokgopa Promises ‘Sequenced’ Roadmap for Wholesale Electricity Market Roll-Out
South Africa’s Electricity and Energy Minister Kgosientsho Ramokgopa announced a "sequenced" implementation roadmap for the South African Wholesale Electricity Market (SAWEM), pushing the market launch to the third quarter of 2026. The roadmap will detail regulatory milestones, pricing mechanisms, governance,...
Ethiopia Energy Project: China’s Ming Yang Secures License for $15 Billion Renewables
China’s Ming Yang Smart Energy Group secured a near‑$15 billion renewable‑energy investment license from Ethiopia’s Investment Commission, expanding an earlier $10 billion deal. Phase One allocates $7.47 billion to build 8.4 GW of solar‑wind capacity across South Omo, Afar and Somali regions. Phase Two earmarks $7.3 billion for...
European Oil Majors' Q1 Profit Surge Revives EU Windfall Tax Push
Shell, BP and TotalEnergies posted record first‑quarter profits as Iran‑related oil shocks lifted Brent crude to $100‑$126 a barrel. The surge has reignited calls from Germany, Austria, Spain, Italy and Portugal for an EU‑wide windfall tax on excess energy earnings.
Constellation Energy Posts $4.49 GAAP EPS in Q1 2026, CFO Smith Highlights Capital Outlook
Constellation Energy Corp. posted a GAAP earnings per share of $4.49 for Q1 2026, driven by a 63.8% revenue surge to $11.12 billion. CFO Shane Smith used the earnings call to reaffirm a $11‑$12 full‑year EPS guide and to detail a...
Con Edison to Spend $29B Shoring up NYC Area Grid as Electrification Rises
Consolidated Edison announced a $29 billion capital plan through 2030 to upgrade substations and other grid assets across New York City and its suburbs. The bulk of the spend—about $27.2 billion—targets its primary utility, CECONY, while Orange & Rockland will receive roughly...
New Zealand Opens Fourth Petroleum Permit Round, Reviving Gas Exploration
New Zealand's government has launched a three‑month tender for a fourth onshore and offshore petroleum exploration permit in Waikato, marking the first such round since the 2025 ban was lifted. The application comes from a joint venture of East Coast...
Renewables Alone Can End Energy Crises, No Miracles
The world is suffering from high and rising fuel prices, wars over fossil-fuels and nuclear weapons proliferation, millions of air pollution deaths per year, and global warming. These problems are all related to our current energy infrastructure, which relies primarily...
UK Solar Installations Surpass Two Million Milestone
There are now more than 2 million UK solar installations #energysky -- via pv magazine global: https://t.co/aTHDiWzC73 https://t.co/bNQYg0uMvn
Bayer and Bp Team up to Scale Camelina Crop for Sustainable Aviation Fuel
Bayer and bp have signed a long‑term agreement to scale the camelina oilseed crop under Bayer’s newgold™ brand, creating a dedicated feedstock pipeline for biodiesel, renewable diesel and sustainable aviation fuel. The partnership aims to meet a projected near‑tripling of...
Advanced Grid Tech: Untapped Solution to Capacity Crisis
The grid is a near-term bottleneck, but there’s a largely untapped solution set sitting right in front of us — commercially available advanced grid technologies that are dramatically underdeployed.
Interruptible Rates + Storage Slash Bills 10% Nationwide
Mandatory interruptible rates unlock 100,000 MWs of data center capacity. Add in some long duration energy storage, grid enhancing technologies, virtual power plants, and advanced conductors and you get 10% lower bills for everyone.
Trump’s Ceasefire Warning Sends Oil Prices Higher Again
President Trump’s warning that the Iran cease‑fire is on “life support” sent Brent crude back toward $110 a barrel, reviving price gains of about 3% this week. Gulf producers, still repairing drone‑damaged facilities, now expect full output recovery only by...
Utility Costs Surge, Data Center Benefits Reverse
Hyperscalers hysteria has caused… Wires up 152%, transformers up 89%, switchgear up 77%, wood poles up 50% — all since 2019, against 29% CPI. Every new megawatt added to a utility now costs more than the embedded average. The math that...
EIA Forecasts Massive 2026 Oil Draw, Prices to Ease
EIA is no longer pricing a short disruption It now expects an 8.5 mb/d global inventory draw in Q2 2026—one of the largest in modern history Prices ease later because demand destruction & slower growth begin overpowering the supply shock. #Oil #EnergyCrisis #Brent...
Shell Allots up to P3 Billion for 2026 Capex
Shell Philippines is maintaining its 2026 capital expenditure between $36 million and $54 million, focusing on upgrading its import terminal and related infrastructure. The bulk of the budget will support terminal efficiency, while the remainder funds the expansion of the company’s mobility...
New England Ready for Major Gas Pipeline Expansion
New England Is Poised for a Major Gas Pipeline Push #energysky -- via Heatmap News https://t.co/wVxRJmTr5g https://t.co/GaJGCWRtgV
U.S. Energy Stuck as Price Taker, Not Market Dominator
You guys got played @PartyMartyo_0 @LearnerKip The U.S. is largely an energy price taker with the wrong crude slate and weak LNG positioning We can move markets at the margin, not dominate them Stop treating journalists like @richimedhurst like energy experts #Oil #LNG...
Suriname’s Delayed Oil Boom Is Finally Ready for Takeoff
Suriname’s offshore oil sector is poised for a breakthrough as the $10.5 billion Gran Morgu project reaches 50% completion and targets first oil in 2028. The development, led by TotalEnergies and APA, will produce 220,000 barrels per day with breakeven costs...
Ming Yang Lands $14.1B for 2.8GW Ethiopian Solar
China’s Ming Yang secures $14.1 billion, 2.8GW Ethiopia solar investment #energysky -- via pv-tech: https://t.co/oGuQVvDMLi