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:
PM Modi’s UAE Visit to Focus on India’s Energy Security: MEA
Prime Minister Narendra Modi will travel to the United Arab Emirates on May 15 as part of a five‑nation diplomatic tour, with the primary agenda of bolstering India’s energy security amid escalating West‑Asia tensions. The talks will focus on establishing long‑term alternative oil and LNG routes that bypass the Strait of Hormuz and on deepening trade ties. India’s bilateral trade with the UAE has already surpassed $100 billion in FY 26. The Ministry of External Affairs emphasized that India will source oil based on security needs, not a new policy toward Russia.
AI’s Supply Chain Problem
In December PJM Interconnection missed its summer 2027 reserve target by about 6,600 MW, a shortfall driven largely by AI data‑center growth that accounts for 94% of projected load. The shortage exposes the lagging pace of power‑infrastructure build‑out—large transformers take roughly...
Gas Tax Pause Saves Coffee, Not Drivers' Wallets
🔥The temporary suspension of the federal gasoline tax to offset rising fuel prices from the Iran conflict is a very stupid idea. 🔥Even if gasoline prices drop by the full amount (which they won’t), the average driver would only save enough...
Star Catcher Company Profile: Space Power Infrastructure for the Next Orbital Economy
Star Catcher Industries, a Jacksonville‑based space‑infrastructure startup, is developing the first orbital power‑as‑a‑service network that beams concentrated solar energy to satellites using their existing solar arrays. The company announced a $65 million Series A on May 12, 2026, bringing total capital to $88 million...
DNV Revises Down Hydrogen Outlook
DNV’s Energy Transition Outlook Hydrogen to 2060 trims its mid‑century hydrogen demand forecast by 35% after a series of policy setbacks and faster electrification progress. The report still sees the maritime sector as the single largest demand source, contributing roughly...
Improving Energy Transition Assessments with Regional Pathways
Rocky Mountain Institute (RMI) is piloting a Transition Pathways Repository for Southeast Asia’s power sector, cataloguing nearly 60 region‑specific scenarios from 17 publications. The repository reveals a richer than expected pathway landscape, with most models delivering granular technology‑level capacity and...
India Has Adequate Stocks of Fuel Supply, but OMC Losses Could Hit ₹1 Lakh Cr: Minister of Petroleum and Natural...
India’s fuel stocks remain robust, with roughly 60 days of crude and LNG and 45 days of LPG reserves, even as the Strait of Hormuz disruption persists. However, oil‑marketing companies (OMCs) are hemorrhaging about ₹1,000 crore ($120 million) a day, and could...
India Gets Its UPI for EV Charging as Kumaraswamy Unveils Unified Bharat E-Charge
Union Minister H.D. Kumaraswamy launched Unified Bharat e‑Charge (UBC), dubbed the “UPI for EV charging,” a government‑backed, NPCI‑supported platform that lets Indian EV owners locate, book and pay for charging across public networks through a single app. The system, built...
Hormuz Shutdown Spikes LNG Prices Abroad, US Stays Insulated
The closure (or near-closure) of the Strait of Hormuz has sent shock waves through the LNG market. Europe, which prices much of its gas at the TTF trading hub in the Netherlands, and Asia are getting hammered by the surge...
TerraVolt Inks Natural Gas Supply Deal for Onsite Power Plant at Planned Data Center Campus in Idaho
TerraVolt Infrastructure, a CalEthos subsidiary, signed a firm natural‑gas supply agreement to fuel an onsite power plant for its planned 200‑240 MW data‑center campus in southeast Idaho. The unnamed supplier will deliver 55,000 MM Btu per day and provide fuel‑management services to...
Integrated Policy Tools to Solve the Renewable Energy Siting Crisis
A new white paper proposes that state policymakers and solar developers replace traditional property‑tax frameworks with contractual tools to ease renewable‑energy siting. It highlights that 20‑24% of local governments already impose bans or moratoriums, stalling gigawatts of solar and storage...
Spinout Scores Funding for Clean Data Centre Energy Tech
H2CHP, a Durham University spinout, has secured a £1.5 million (~$1.9 million) investment round backed by Innovate UK, Blackfinch Ventures and Northstar Ventures – the first Durham spinout funded by the £22.5 million (~$28.8 million) North East Spinout Inspire Fund. The company’s free‑piston linear...
USA Oil, Gas Workforce Hits Lowest Level Since 2022
BLS data released in April 2026 shows employment in the U.S. oil and gas extraction industry slipped to 115,200 workers, the lowest count since August 2022. The figure follows a modest decline from 115,900 in March and continues a two‑year trend of...
Daily Memo: India on Russian LNG, Brussels on Afghan Migrants
India has told Russia it will not buy Russian liquefied natural gas that falls under U.S. sanctions, a stance conveyed to Deputy Energy Minister Pavel Sorokin during his April 30 visit to New Delhi. The decision impacts at least one...
‘It Is Coming, and It Is Coming Big’: Uday Kotak on Oil Price Shock
Billionaire banker Uday Kotak warned that India’s oil‑price shock from the West Asia war is about to hit the economy hard. While retail petrol has stayed at ₹94.77 per litre (~$1.14) for 18 months, oil‑marketing companies are absorbing daily losses of up...
Tiny Move in Benchmark Diesel as Futures Prices Start to Shift Higher
The U.S. diesel benchmark slipped 0.1 cent to $5.639 per gallon, the smallest possible move after a 28.9‑cent surge last week. Brent crude futures reversed a downtrend, climbing 2.9% to $104.21 on Monday and reaching $107.41 on Tuesday, a $3.20...
Moscow Keeps Oil Price Forecast Flat
Russia’s Ministry of Energy reiterated its 2024 oil price forecast, keeping it flat despite a recent surge in Brent and WTI prices. The price spike is driven by heightened geopolitical risk in the Middle East, particularly concerns over navigation through...
Pres. Trump: Ships Are Coming to Texas and Louisianna to Load up with Oil
President Trump highlighted a surge in oil shipments from Texas and Louisiana, framing it as a win for U.S. exporters and energy producers. While export volumes are climbing, the national average gasoline price has risen to $4.50 per gallon, up...
Solar at $30/MWh Makes Green Energy Essential
In 2017, I said "green crap" in politics was a distraction and that clean energy was the only choice Fast forward to 2026: Firm solar is $30/MWh. Batteries are down 93%. Failing to make green the default is an active surrender...
Paper Battery Uses Cellulose, Eliminates Toxic Metals
A cellulose-based “paper battery” aims to cut harmful metals and fire risk in everyday devices. https://spectrum.ieee.org/flint-sustainable-paper-battery?share_id=9471744
Diplomacy Falters as Hormuz Crisis Edges Toward Escalation
President Donald Trump dismissed Iran’s latest reply to a U.S.-backed de‑escalation plan, deepening the diplomatic deadlock over the Strait of Hormuz. Both Washington and Tehran continue to signal willingness to negotiate on sanctions relief, uranium enrichment limits, and shipping freedoms,...
Scottish Onshore Wind Forum Launches
The Scottish On‑shore Wind Developers Forum was officially launched, uniting major developers such as Cubico Sustainable Investments, Low Carbon and EDP, which together hold a pipeline exceeding 6 GW. The group will lobby policymakers and regulators to secure investment and clear...
Fuel‑price Shock Persists as SPR Nears Historic Low
Headline inflation increased 3.3 -> 3.8% in April, although Core PCE was 2.6 -> 2.8%. Trump authorized a 53MM bbl release from the SPR yesterday and said that he’ll suspend the federal fuel tax. But assuming that inflation is driven principally...
Petronas Inks 20-Year Charter Deal for 5 LNG Carriers
Petronas and Malaysia‑based MISC have signed a 20‑year time charter for five new LNG carriers, with deliveries slated for 2029‑2030. MISC will oversee shipbuilding in Shanghai, then operate and manage the vessels, integrating project management and commercial services. The tankers...
EU Commission Proposes Adding €4 Billion in Carbon Allowances to Industry in ETS Update
The European Commission has proposed an update to the EU Emissions Trading System (ETS) benchmark values for 2026‑2030 that would add roughly €4 billion (about $4.3 billion) in free carbon allowances for industry. The proposal expands free allocation to indirect emissions from...
PJM Interconnection Elects New Board, Shifts Grid Governance
PJM Interconnection announced that members have elected Larry Bekkedahl and Charles Berardesco to three‑year terms on its Board of Managers and re‑elected Margaret Loebl for another three years. The appointments come as PJM grapples with soaring data‑center demand and pending...
Brookfield Corp Eyes Strong Q1 2026 Earnings as AI-Driven Real Estate Surge Looms
Brookfield Corp is set to release its first‑quarter 2026 earnings on May 14, and investors will scrutinize REIT income and asset‑sale guidance. The firm signals a rebound in real‑estate earnings, bolstered by strong performance at its infrastructure and renewable units...
Chevron's Energy Forge Seeks $227 M Texas Tax Break for Gas Plant Powering Data Center
Chevron subsidiary Energy Forge One has filed for a $227 million tax abatement under Texas’ JETI Act for a new gas‑fired power plant in West Texas that will serve a data center. The request, backed by a Pecos‑Barstow‑Toyah school board endorsement,...
Electra AI and Iron Horse File Updated Materials Ahead of $250M SPAC Merger
Electra AI and Iron Horse Acquisition II Corp filed an updated investor presentation as they move toward a $250 million‑plus SPAC merger. The combined entity, slated to trade as AIBR, would become the world’s first publicly listed pure‑play AI battery intelligence...
Babcock & Wilcox Shares Jump Over 20% After Q1 Earnings Miss but 44% Revenue Surge
Babcock & Wilcox Enterprises reported first‑quarter revenue of $214.4 million, a 44% year‑over‑year increase, but posted a net loss of $80.7 million, widening from $25.7 million a year earlier. Despite the earnings miss, the stock surged 25% in trading, driven by massive AI...
Distributed Solar and EVs Guard Civilization From Energy Collapse
Deploying large amounts of solar power is our best defense against widespread civilizational collapse scenarios. Right now, most paths to collapse run through collapse of fossil fuel production/distribution (the Mad Max scenarios). Our civilization runs on energy. It's needed for...
Wavepiston Files Permits for Gran Canaria Wave Energy Pilot, Signs MoU in Iceland
Danish wave‑energy developer Wavepiston and Spanish partner Bluenewables have filed all required permits for a pilot wave‑energy farm on Gran Canaria’s northern coast, marking a key step toward commercial deployment. The firm also signed a memorandum of understanding with Icelandic...
Forsite and Flyscan Team Up on Integrated Leak Detection for Pipelines
Forsite announced a strategic partnership and minority‑investment deal with Flyscan Systems to deliver a unified liquid‑leak and threat‑detection service for pipeline operators. The combined offering merges Flyscan’s onboard sensing hardware with Forsite’s aerial patrol and data‑management platform, promising faster leak...
Homerun Resources Inc. Announces Positive Bankable Feasibility Study on Solar Glass Manufacturing Plant in Brazil, Confirming Strong Economics and Strategic...
Homerun Resources announced a bankable feasibility study for a solar glass manufacturing plant in Belmonte, Bahia, Brazil. The base‑case net present value is about $670 million (rising to $829 million at 105% capacity) with a 20.2% internal rate of return and a...
Alsym Energy Announces 500MWh Sodium-Ion Strategic Partnership in California
Alsym Energy and Juniper Energy have sealed a strategic partnership to deploy 500 MWh of sodium‑ion battery energy storage systems across California, focusing on the Mojave Desert and other high‑temperature sites. The Na‑ion technology operates up to 50 °C, sidestepping the shutdown...
Constellation Energy Enters 5 GW of Nuclear, Gas, Battery Capacity in PJM Queue
Constellation Energy reported a pipeline of 5 GW of nuclear uprates, gas‑fired generation and battery storage awaiting placement in the PJM Interconnection queue. The company is holding off on advancing projects until PJM clarifies rules on load colocations and a proposed...
Costco Has a Powerful Weapon as Gas Prices Rise
U.S. gasoline prices climbed to a $4.55 national average in early May, the highest level since 2022. As drivers seek cheaper fuel, Costco’s gas stations, priced roughly 10‑30 cents below street rates, are drawing increased foot traffic. The retailer’s business...
Norway O&G Revenue Forecast Jumps 30% for '26
Norway’s government raised its 2026 oil and gas revenue forecast by 30%, projecting 721.1 billion crowns (about $78.7 billion) after higher energy prices sparked by the Iran‑Russia conflict. The ministry now expects crude oil to average $91 per barrel and natural gas...
War Fuels Fossil Profits, Not Climate Progress
It is pretty important not to be preemptively triumphant about the war doing anything net good for climate, emissions and decarbonisation. The amount of cash fossil fuel companies are amassing right now is beyond belief. They will use that money...
Electricity‑gas Price Gap Blocks Europe’s Home Electrification
Electricity-to-gas price ratio: biggest barrier to electrifying European homes. Heat pumps deliver ~3 units of heat per unit of electricity. The maths works in Sweden but not everywhere. Much of gap is policy. More analysis in my forthcoming newsletter https://t.co/In5lBaF2ox https://t.co/lvOin2nN2m
Corning's $3B Solar Goal Sets New PV Industry Benchmark
What does Corning’s $3 billion 2030 solar target mean for the PV industry? #energysky -- via Solar Power World: https://t.co/aXTUCSJtKy
Bad Decisions Threaten Co‑Located Energy Project Benefits
Poor commercial and technology decisions could undermine the promise of co-located projects #energysky -- via pv-tech: https://t.co/UuykMXsvFh
Tax Cuts on Tight Gas Supply Benefit Sellers, Not Buyers
Cutting gas taxes when oil supply is constrained is like subsidizing housing buyers when zoning blocks new supply: the price must rise. The benefit flows to sellers, not buyers. #Econ101. https://t.co/IYH25HWAZS
RCP 8.5 Outdated as Clean Tech Drives Lower Emissions
Those doing victory laps over RCP 8.5 might consider why that scenario is no longer relevant. Largely, it's improved emissions efficiency of energy production and end-use consumption. Fracking, EVs, solar, and batteries all mean that plausible GHG scenarios have shifted...
Iran Negotiates as Trump Seeks Exit, Shipping Bottleneck Worsens
Iran playing the negotiation game while Trump wants to get out of mess he made. And the ships stuck in the Strait and the supply shortages?
Illinois Diesel Prices Hit Record, Threatening Trucking Costs
Illinois sets record price for diesel fuel. Will that be broken? Trucking and supply chains beware.
Ford Energy Launches DC‑block Utility BESS with 512 Ah LFP Cells
Ford Energy announces DC block utility-scale BESS based on 512 Ah LFP cells #energysky -- via pv magazine usa: https://t.co/4o1RWlnRxN
Cautious Buyers Offset Global Oil Supply Shock
Astounding🤷♂️ 👉”US-led exports and China-led cautious buying patterns among importers have, in effect, been 💥shielding the world from the supply shock💥 👉“The actions of cautious buyers have therefore exceeded, by 4.1mn barrels a day, the 6.8mn net contraction of seaborne export supply...
KOS Holds Strong: Valued at $5‑$6 via Oil Futures
Excellent post on $KOS. One of my top positions, arguably worth $5-$6 on current oil futures.
Mihzem Vessel Successfully Navigates Hormuz Strait as Predicted
Exactly as expected in eth tweet below. Here it is. It passed through the Hormuz Strait #Mihzem https://t.co/mosqVLnr6C