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:
Scottish Player Remains on Support Duty for Australian Offshore Drilling Ops Until 2036
Aberdeen‑based OEG has secured a multimillion‑dollar contract extension to support offshore drilling in Australia’s Bass Strait through the field’s expected end of life in 2036. The agreement tasks OEG with supplying and manufacturing 200 DNV‑certified cargo‑carrying units (CCUs) at its Barry Beach facility and providing six personnel for inspection, maintenance, repair and crane services. With the extension, OEG’s total serviced CCUs in the region rise to roughly 700, underpinning Woodside’s operation after ExxonMobil’s handover. The deal highlights the strategic value of long‑term rental agreements for operational efficiency and capital preservation.
Iran Expands Strait of Hormuz Claim to 200 Km Radius
MAP OF THE DAY: Iran is claiming a much wider geographical footprint for the Strait of Hormuz than before, according to state media. Tehran says the SoH area goes from the port of Jask in the Gulf of Oman to...
China’s Ming Yang Secures $14.1 Billion, 2.8GW Ethiopia Solar Investment
Chinese renewable energy maker Ming Yang Smart Energy Group has secured a $14.1 billion investment licence from Ethiopia to develop a massive clean‑energy project. The first phase will allocate $7.47 billion to build 8.4 GW of renewable capacity, including 2.8 GW of solar PV...
Crown Estate Opens £15m Wind Fund
The Crown Estate has launched a £15 million (~$19 million) funding round to boost the UK offshore wind supply chain. The third Supply Chain Accelerator offers match funding of £250,000‑£2 million ($0.3‑$2.5 million) for early‑stage projects covering port infrastructure and both fixed and floating...
Silent Qatari Tanker Mihzem Likely Passed Strait of Hormuz
The second Qatari oil tanker heading to Pakistan, Mihzem, which made a U-turn yesterday, has gone silent — no signal for the past 15 hours. It’s possible it has already passed the Strait of Hormuz. If it has, we should...
Aternium Selects Siemens Energy for FEED on Mid-Atlantic Clean Hydrogen Project
Aternium has appointed Siemens Energy to conduct front‑end engineering design (FEED) for a large clean‑hydrogen facility in the U.S. Mid‑Atlantic, with Kiewit Engineering handling pre‑FEED. The plant will generate hydrogen for hard‑to‑decarbonise industries and include heavy‑water extraction for fusion, semiconductor...
EU Scaling Back EV Targets Threatens 34 Battery Factories, $54 Billion in Oil Costs
A Transport & Environment (T&E) report warns that if the EU dilutes its 2030‑2035 car CO2 targets, electric‑vehicle production could fall by half in 2030, endangering up to 34 Northvolt‑sized battery factories and 47,000 jobs. The study also estimates an...
Eurodollar Market Faces Stress as Energy Shock Fuels Swap and Futures Strain
Jeff Snider of Eurodollar University warned that the Eurodollar system is under growing strain from energy price volatility and geopolitical risk, threatening dollar‑funded interest‑rate swaps and Eurodollar futures. He highlighted Brent crude at $130 a barrel and futures near $75,...
WTI Crude Reclaims $100, Brent Near $110
Meanwhile, in the energy markets, WTI crude has reclaimed the $100 level while Brent moves closer to $110. (Data from CNBC.) #economy #markets #energy #oil
Data Centers Must Actively Unlock Spare Capacity with Utilities
This is turning into a game of telephone. Yes, this is true *if* you can unlock spare capacity on the system creatively. This is why data centers weren't a problem historically -- because there was lots of excess capacity on...
EPA Proposes Rule to Let Power Plants and Data Centers Begin Construction Before Air Permits
The U.S. Environmental Protection Agency announced a proposal that would let gas‑fired power plants, data centers and factories begin building non‑emitting components before securing air‑emission permits. Administrator Lee Zeldin says the change speeds critical infrastructure, while environmental groups warn it...
Dialogue with OPEC Boosts Global Energy Security Amid Conflict
Productive meeting with @OPECSecretariat Secretary General Haitham Al Ghais in Vienna We discussed the latest developments in global energy markets amid the war in the Middle East and the importance of dialogue and exchanges in support of global energy security https://t.co/gSaCl0O8VS
US Surplus Driven by Rising Refined Product Exports
The US imports crude (blue) and exports refined product (red), which is things like gasoline, heating oil and jet fuel. The sharp rise in the US' oil surplus is all about more refined product leaving the country, which helps mitigate...
ADNOC Gas Targets 80% Habshan Recovery by End-2026
ADNOC Gas announced it expects to restore 80% of the Habshan gas‑processing complex by the end of 2026, after Iranian strikes forced a shutdown in April. The Habshan complex, with 6.1 billion standard cubic feet per day capacity across five plants,...
U.S. and Iran Stuck in Oil‑Fueled Stalemate
Iran has Trump over an (oil) barrel. Quagmire. U.S. and Iran Are Locked in a Stalemate That’s Neither Peace Nor War https://t.co/9XTanI5UgG
Matter and OpenADR Alliance Join Forces to Link Smart Homes Directly to the Grid
Matter and the OpenADR Alliance signed an agreement this week to integrate the leading smart‑home connectivity standard with the grid‑focused OpenADR protocol. The collaboration creates a seamless communication path from utilities to appliances such as EV chargers and heat pumps,...
Uniper Flexes Diversified Procurement Portfolio as Profit Rises
Uniper SE reported a Q1 adjusted net profit of €231 million (≈$271 million), reversing a €143 million loss from the same period last year. The German utility highlighted its diversified gas and LNG procurement strategy, which excludes Middle‑East sources and cushions it from...
Dolphin Drilling’s 1990-Built Rig Scores North Sea Job as 1974-Built Semi-Sub Stays in India
Dolphin Drilling, the Oslo‑listed offshore contractor, landed a firm $150 million contract with Harbour Energy for its 1990‑built Paul B. Loyd Jr. semi‑submersible on the UK Continental Shelf, extending through 30 August 2030. The agreement adds a five‑year extension option and lifts the company’s firm backlog...
Oil Prices Reflect Risk Appetite, Not Objective Truth
Oil markets are not designed to discover philosophically “correct” prices. There are no objectively right or wrong prices Only prices at which counterparties are willing to risk capital. 👇 https://t.co/xWg7iu8iZ5 #Oil #Brent #WTI #EnergyMarkets #Commodities #Iran #Geopolitics #Trading #Futures #Economics
Mubadala Puts $325 Million Into Hornsea 3, Boosting UK Offshore Wind
Mubadala Investment Company has committed $325 million to Ørsted’s Hornsea 3 offshore wind project, joining a consortium led by Apollo‑managed funds. The deal adds a major sovereign‑wealth investor to the world’s largest planned offshore wind farm, slated to deliver 2.9 GW of clean...
Fuel Surge Amid Iran War Pushes Azerbaijan Inflation to 5.6% in Jan‑Apr 2026
Azerbaijan's consumer price index rose to 5.6% in the January‑April 2026 period, driven largely by soaring fuel costs linked to the ongoing Iran conflict. Neighboring Kyrgyzstan reported a sharp jump in imported fuel prices, underscoring the broader regional impact on...
Industry Perspectives Op-Ed: Canada’s Energy Blind Spot – The Infrastructure Gap Behind Our Energy Ambitions
Canada’s energy debate is dominated by generation choices, yet the op‑ed warns that inadequate civil infrastructure—roads, water, sewer, transmission corridors—threatens the delivery of power to homes, factories and data centres. Rapid electricity demand from population growth, electrification and advanced manufacturing...
Combining Options Enables Granular Markets and State Hedging
Key insight from @daniel_wolf1 : the options can work together. You can get a more granular energy market (C) with state-overseen economic hedging (A). You can also find more and more interruptible loads of different flavors working with retail regulators...
Panthalassa Secures $140 Million Led by Peter Thiel for Wave‑Powered AI Data Centers
Panthalassa announced a $140 million Series B round, headed by Peter Thiel, to fund its ocean‑based AI compute platform that harvests wave energy. The financing aims to accelerate deployment of autonomous floating nodes that run AI inference directly at sea, bypassing traditional...
Oil Prices
What a great night of conversation w/the Midland Wildcat Committee The mood here is understandably more effusive than the rest of the country w/$WTI north of $100/barrel The Q: At what level of prices does enough demand get destroyed to temp the...
NESI and Vulcan Break Ground on German Lithium Refinery
NESI and Vulcan have begun construction on a 24,000‑tonne‑per‑year lithium refinery in Frankfurt, marking Europe’s first commercial‑scale electrochemical lithium‑refining facility. The plant is designed to produce enough lithium hydroxide monohydrate (LHM) for roughly 500,000 electric‑vehicle batteries each year. NESI recently...
DTE Trims Trees for Power, but Tree Town Protests
JUST IN: DTE Energy says its trimmers are keeping the power on, but that's not good enough for the canopy-loving residents of Tree Town.
Qatar Orders LNG Tankers to Disable AIS Amid Tensions
Qatar asks LNG tankers to go dark in new safety measure 🇶🇦⚠️ The directive came this week for vessels within Ras Laffan port, anchorages and port waters to switch off their AIS More ships are masking their location as tension in the...
US, UK, Australia Tighten Sanctions On Iran
The United States, United Kingdom and Australia announced a coordinated wave of sanctions against Iran in mid‑May, targeting individuals and entities tied to the Islamic Revolutionary Guard Corps (IRGC) and to the regime’s human‑rights violations. The U.S. Treasury listed 12...
Hydro, Not Wind‑Solar, Drives Low‑Cost Power
"Renewables make electricity expensive" line doesn't survive contact with data. But neither does claim that wind+solar automatically deliver cheap power. Europe: renewables r = -0.51, wind+solar only r = -0.14. Hydro does heavy lifting. Full analysis soon https://t.co/In5lBaF2ox https://t.co/WFQmPbIjqk
Oil Jumps 3.2% After Breakout Signal
OIL: inflates another +3.2% after the immediate-term TRADE Breakout Signal we gave you yesterday https://t.co/v8XVyzlCnt
LNG Capacity Boost Emerging in Oceania as New Gas Project Gets the Green Light
Joint‑venture partners including Santos, ExxonMobil PNG and others have secured a final investment decision for the Agogo Production Facility (APF) tie‑in project in Papua New Guinea, targeting first gas in the second quarter of 2028. The development will add roughly...
ADNOC Gas Logs Lower Profit as War Hits Deliveries
ADNOC Gas posted Q1 2026 net income of $1.08 billion, a 15% decline year‑over‑year, as export disruptions and weaker domestic demand hit sales. Domestic gas volumes fell 11% to 519 TBTU, while export and traded liquids dropped 20% after the Strait of...
Deadline Extended for Innovation Program Targeting Offshore Energy Solutions
The Offshore Renewable Energy Sustainability Alliance (ORESA) has pushed back the application deadline for its second innovation call to May 20, giving SMEs extra time to submit proposals. The call seeks technologies at Technology Readiness Levels 4‑6 across offshore wind, wave,...
Kamoa Copper Expands Green Energy with New 30 MW Solar Deal
Kamoa Copper and Green World Energie have signed a second Power Purchase Agreement for an additional 30 MW of solar capacity, expanding the Phase II renewable project in the Democratic Republic of Congo. The deal brings the total installed solar capacity to...
Women Lead Climate Justice and Renewable Momentum
Climate action is about people, opportunity and justice and I'm glad that #women are leading the push for renewables and resilient communities worldwide. We must act faster, together, for a cleaner equitable future. Thank you @TIME for recognizing global #climate leadership....
DRC and U.S. Deepen Strategic Partnership Through Inga III and Lobito Corridor Projects
Prime Minister Judith Suminwa Tuluka met U.S. Deputy Secretary Jeremy Wiggins in Kinshasa to deepen the strategic partnership between the Democratic Republic of Congo and the United States. The talks centered on the Inga III hydroelectric project, which could add roughly...
Namibia Grants Extension to Licence in Alluring Basin
Namibia’s Ministry of Industries, Mines & Energy has granted state‑owned Namcor a short extension on its offshore Petroleum Exploration Licence 102 in the Luderitz basin, now running until 7 October 2026. The move follows high‑profile farm‑in activity by TotalEnergies and Petrobras on neighbouring...
Australia's Hazer, CRV Mull SAF, Clean Fuels Plant
Australian bioenergy firms Hazer and Continual Renewable Ventures (CRV) are evaluating a 175 million‑litre‑per‑year sustainable aviation fuel (SAF) and renewable diesel refinery in Kwinana, Western Australia, using the hydroprocessed esters and fatty acids (HEFA) pathway. The project, dubbed New Rise ANZ...
Decarbonizing Transport and Energy - IDTechEx at Innovation Zero
Innovation Zero 2026 highlighted rapid progress in sustainable aviation fuel, maritime electrification, and nuclear power. Lighthouse Fuels announced a carbon‑negative SAF plant slated for 2031, positioning it as Europe’s largest second‑generation SAF project. Marine Zero showcased data‑driven services to help...
A Second Wave of Iran Energy Shocks Is About to Hit Asia and the Wider World. Why Aren’t Markets Reacting?
Global oil inventories are projected to fall to just 98 days of demand by the end of May, the lowest level in eight years. The ongoing Iran‑U.S. conflict has shut the Strait of Hormuz, cutting off roughly 20 million barrels per...
Grenergy Secures $268m for Monte Águila Hybrid Plant in Chile
Spanish clean‑energy developer Grenergy closed a $268 million senior non‑recourse financing package for its Monte Águila hybrid plant in Chile. The facility combines 342 MW of solar generation with 1.03 GWh of battery storage and is part of the Central Oasis platform. The...
China LNG Imports Signal Recovery
China’s LNG imports are rebounding, with the 30‑day moving average reaching its highest level since late February. Although still below the five‑year average, the gap has narrowed to about half of what it was in early April. The shortfall caused...
Oil Minister Puri Says No Fuel Supply Issue, Ramps up LPG Production
India’s oil minister Hardeep Singh Puri assured that the country faces no fuel‑supply disruptions, even as the West Asia conflict threatens global energy markets. He announced that LPG production has been boosted from roughly 35‑36 000 tonnes per day to 54 000 tonnes...
Key Outcomes From the First Summit on ‘Transitioning Away’ From Fossil Fuels
From April 24‑29, 2026, Colombia and the Netherlands hosted the inaugural “transitioning away” summit in Santa Marta, drawing 57 nations—about a third of the world economy—to discuss concrete steps for phasing out coal, oil and gas. The event introduced a science...
NextGeo to Deploy Multiple Vessels for Central Mediterranean Campaign
Next Geosolutions (NextGeo) secured a €10 million (~$10.9 million) contract to conduct geophysical and unexploded ordnance (UXO) surveys for a subsea power‑cable project in the Central Mediterranean. The award covers multiple offshore and near‑shore vessels operating in two phases, with field work...
Meralco PowerGen Corp Brings Online First Phase of 100MWh CATL Battery Project in Cebu, Philippines
Meralco PowerGen Corp (MGEN) switched on a 25 MW/56.44 MWh grid‑scale battery energy storage system in Toledo, Cebu, marking the Visayas region’s first two‑hour BESS. The project, built with CATL lithium‑ion cells and SUMEC as EPC partner, is Phase 1 of a two‑phase...
Geothermal Is No Longer an Underdog Technology, but a Strategic Advantage for the Philippines
The Philippines turned to geothermal power in the 1970s out of necessity and now boasts the world’s largest geothermal portfolio, exceeding 1,000 MW. First Gen Geothermal Renewables, inheriting Energy Development Corporation’s assets, leverages that base to offer 24/7 renewable baseload amid rising...
Norway's Renewable Success Contrasts Its Fossil Fuel Exports
Norway runs 98% on renewables, leads the world on EVs & is heat pump king. It's also one of the biggest oil & gas exporters on the planet. TRT made a programme on this inspired by my Substack. Can you claim...
Panasonic’s 4680 Mass Production Pushed Back yet Again
Panasonic Energy has postponed mass production of its 4680 cylindrical battery cell for a second time, still awaiting a purchase order from its primary customer, likely Tesla. The original 2024 launch date slipped to March 2026, which was also missed,...