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:
Vena Group Signs $674m MoU to Develop Green Energy Projects in South Korea
Singapore‑based Vena Group has signed a Won 1 trillion (US$674 million) memorandum of understanding with South Korea’s Chungcheongnam‑do province and Taean‑gun county to develop large‑scale green‑energy projects, primarily offshore wind, by 2030. The partnership will see Vena invest the full amount, with local authorities providing permitting and financial assistance. The projects aim to generate over 1.6 terawatt‑hours of clean electricity annually, displacing fossil generation and avoiding roughly 740,000 tonnes of CO₂ each year. The deal underscores Korea’s strategic importance in Vena’s global expansion.
Vena Group Signs $674m MoU to Develop Green Energy Projects in South Korea
Singapore‑based Vena Group has signed a Won 1 tn ($674 m) memorandum of understanding with Chungcheongnam‑do province and Taean‑gun to develop large‑scale green energy projects in South Korea, primarily offshore wind. The agreement commits Vena to invest the full amount by 2030, with...
Growing Pains: Grid Congestion as a Renewables Bottleneck
Grid congestion in the U.S. is becoming a major bottleneck for renewable energy projects, limiting revenue for IPPs and C&I owners even when assets are fully built and financed. The article highlights that while utilities focus on technical solutions, the...
The Impact of Renewable Energy on the Electric Power Grid
Renewable energy now accounts for roughly 20% of U.S. electricity, with wind as the dominant source followed by hydropower. Intermittent generation can create periods of oversupply, prompting curtailments and even negative market prices. To balance the grid, utility‑scale storage—currently over...
When a Buried Marker Starts Talking Back: Why RFID Matters for Marking + Mapping Underground Utilities
Underground utility crews often encounter inaccurate maps and missing locate information, leading to costly delays. RFID‑enabled buried markers, such as Tempo’s OmniMarker‑ID and Spike Marker‑ID, embed detailed asset data directly at the site, allowing read/write access via locators like the...
Taiwan's Natural Gas Supply Sufficient Through April, Minister Says
Taiwan's Minister of Economic Affairs Kung Ming‑hsin announced that the island's natural gas supply will be sufficient through April, having secured 20 of the 22 LNG shipments needed for March and April. The government reports a diversified import mix, with...
IEA Stockpiles Insufficient Due to Low Release Rates
About any IEA oil stocks release: ✔️ Volume may not be an issue. At 1.2 billion barrels government stockpiles and 0.6 bil barrels commercial stockpiles, the volume is enough *in theory* to offset the loss of 20 mil b/d for 90...
Hanwha Ocean Delivers Second of Four VLCCs to DHT Holdings
Hanwha Ocean handed over the second of four very large crude carriers (VLCCs) to Bermuda‑based DHT Holdings on March 6, naming the vessel DHT Addax. The first unit, DHT Antelope, arrived in January, with the third expected by month‑end and...
Iran's Strategic Oil Island Thrust Into the Spotlight as Middle East Conflict Escalates
Kharg Island, Iran's primary oil export hub, handles roughly 90% of the country's crude and can load about 7 million barrels per day. As the U.S.-Israel war on Iran intensifies, the island remains untouched, but analysts warn President Trump may contemplate...
Oil Spikes: How High Is the Price of War?
Oil prices have surged sharply as the Middle East conflict intensifies, highlighted by Iran’s appointment of a new supreme leader. The spike has prompted an emergency G7 finance ministers meeting to discuss coordinated responses. In the UK, Prime Minister Sir...
Octopus Launches ‘Plunge Pricing’ EV Charging in France
Octopus Energy is extending its Plunge Pricing dynamic EV‑charging model to France, offering discounts of up to 50% at roughly 7,000 Powerdot ultra‑rapid stations when renewable generation is abundant. The scheme leverages the Electroverse platform, which already links to 97%...
Valeura Energy Inc.: Thailand Clarifies Fuel Security Measures
Valeura Energy Inc. confirmed Thailand's new decrees that immediately ban exports of gasoline, diesel, jet A1 fuel and liquefied petroleum gas, while leaving crude oil shipments untouched. The restrictions aim to bolster Thailand's domestic fuel security amid tightening global supplies....
Victoria’s Second-Largest Big Battery Poised to Charge up, Next to the State’s Biggest Gas Generator
Origin Energy’s 300 MW/650 MWh Mortlake battery energy storage system has been registered on the Australian Energy Market Operator’s Market Management System, marking its first active integration steps ahead of full commissioning. The BESS sits beside Victoria’s largest gas‑fired plant, the 566 MW...
Strategic Oil Bets May Outperform in Current Geopolitical Crisis: Mark Matthews
Oil prices have surged past $100 per barrel, reigniting market volatility amid heightened geopolitical tensions. Julius Baer strategist Mark Matthews says markets are already pricing in the shock, with Asian equities showing mixed reactions and India’s exposure mitigated by improved oil...
French Govt Says Releasing Strategic Oil Reserves Among Options
The French government announced that releasing its strategic oil reserves will be on the agenda of a virtual G‑7 finance ministers meeting on March 9. France, holding the rotating G‑7 presidency, will lead the discussion on how to mitigate the...
Bapco Invokes Force Majeure
Bapco, Bahrain’s state‑run oil refiner, invoked force majeure after a war‑related attack damaged its 90‑year‑old refinery, which now processes roughly 400,000 barrels per day following recent upgrades. The company assures that domestic fuel needs remain satisfied, but it can suspend...
What Does the Street Think About National Energy Services Reunited Corp. (NESR) Post Earnings?
National Energy Services Reunited Corp. (NESR) posted fiscal Q4 and full‑year 2025 results that beat expectations, with revenue rising to $398.3 million and operating cash flow increasing 15.2% year‑over‑year. UBS lifted its price target to $31 and kept a Buy rating,...
Here’s What The Street Thinks About Select Water Solutions, Inc. (WTTR)
Select Water Solutions (WTTR) received upbeat analyst upgrades after delivering strong fiscal Q4 results. Piper Sandler raised its price target to $16, maintaining an Overweight stance, while Citi lifted its target to $16.50 and reaffirmed a Buy rating. Both firms...
Ugandans Affected by Pipeline Discontented over Rehabilitation Efforts: Report
A recent AFIEGO survey of 246 Ugandans affected by the East African Crude Oil Pipeline (EACOP) found that roughly one‑third are dissatisfied with the livelihood restoration program. Respondents cited delayed agricultural inputs, poor‑quality seeds, and cash compensation that fails to...
Citi Lifts PT on Cactus, Inc. (WHD) to $63 From $55 – Here’s Why
Citi raised its price target on Cactus, Inc. (WHD) to $63 from $55, keeping a Buy rating after a solid fiscal Q4 report. Barclays also lifted its target to $62, calling the recent share sell‑off an overreaction. The company posted...
Petrol Spikes to $125 in First Minute
As soon as the market opened, petrol prices experienced a historic pump, reaching $125 within just one minute
Northland Cuts PT on Vitesse Energy, Inc. (VTS) to $19 From $20 – Here’s Why
Northland Investment Management reduced its price target on Vitesse Energy (VTS) to $19 from $20, maintaining a Market Perform rating. The adjustment follows VTS’s fiscal Q4 2025 results, which fell short of expectations, and a 2026 guidance that trims capital...
European Gas Prices Surge 30% as Middle East War Roils Markets
European natural‑gas futures jumped roughly 30% on Monday, marking the steepest weekly advance since the 2022 energy crisis. The rally coincided with oil breaching $100 a barrel as major Middle‑East producers curtailed output and the Strait of Hormuz remained effectively...
Germany’s Telura Exits Stealth with €4 Million Pre-Seed to Unlock Geothermal Energy with Electric Impulse Drilling
Munich‑based Telura announced a €4 million pre‑seed round led by Nucleus Capital, Possible Ventures and First Momentum, coupled with a validation pact with Germany’s SPRIND agency. The startup’s electric impulse drilling technology replaces mechanical bits with high‑voltage pulses to fracture rock,...
Data Centres: AI, Power, and the Energy Transition
AI‑driven workloads are reshaping data centre economics, pushing global electricity consumption to more than double by 2030. Power availability and site expandability have become decisive factors as rack densities climb far above historic norms, demanding advanced electrical and cooling systems....
Engineering the Electronic Microenvironment with Bromine Functionalization for High‐Selectivity Photocatalytic CO2 Reduction
The research presents a surface bromine modification for the covalent organic framework TzPm‑COF, creating TzPm‑COF‑2Br with a tuned donor‑acceptor architecture. This brominated COF delivers a CO evolution rate of 155 µmol g⁻¹ h⁻¹ and 99.4 % selectivity under visible light, a 2.7‑fold increase over...
Tata Power Collaborates with Salesforce to Accelerate India’s Clean Energy Transition
Tata Power announced a strategic partnership with Salesforce to embed AI‑driven CRM tools across its rooftop solar, electric‑vehicle charging and smart‑home businesses. The collaboration deploys Salesforce’s Agentforce Sales, Service and Marketing suites, creating an integrated, data‑rich platform for partner and...
Data-Led Wind Energy Programme Pioneered by Natural England
The POSEIDON project, led by Natural England, is creating the UK’s most comprehensive marine dataset to support offshore wind development while protecting biodiversity. Over two years the team conducted aerial surveys of 54,000 seabirds and 5,000 marine mammals and collected...
IEA Warns Surplus Could Turn Deficit Amid Middle East Turmoil
Latest from the IEA: - "Speaking with governments" and "closely monitoring" events in the Middle East. - Says global oil market has been "in significant surplus" since the start of 2025. However, "prolonged disruptions could flip the market into a deficit". - IEA...
Saudis Offer Crude on Spot Market as War Disrupts Supplies
Saudi Aramco has launched a rare series of spot tenders offering roughly 4.6 million barrels of crude, covering Arab Extra Light, Arab Heavy and Arab Light grades. The move comes as the effective closure of the Strait of Hormuz forces shipments...
World Hit by Worst Oil Shock Since the 1970s
Oil prices surged dramatically on Monday, with Brent crude jumping 27% to $117.58 per barrel and U.S. crude climbing 28% to $116.51, marking the steepest daily gain since at least 1988. The spike follows heightened tensions in the Middle East,...
A Better Way To Compare Gas & Electric Prices
The article proposes a "Fair eGallon" metric that translates electricity prices into a gasoline‑equivalent cost by accounting for real‑world efficiency differences—20% for internal‑combustion engines and 80% for electric vehicles. Using the EPA’s 33.7 kWh per gallon figure, the Fair eGallon equals...
Vietnam Plans Oil Tax Cut on Escalating US–Iran War
Vietnam's finance ministry announced a proposal to cut the most‑favoured‑nation (MFN) import tariff on selected petroleum products to 0 % effective until 30 April 2026. The move aims to broaden the supplier base and secure crude volumes as the US‑Iran war has disrupted...
Strait of Hormuz Shutdown Sparks Worst Energy Crisis Since 1970s
Closure of the Strait of Hormuz has triggered the worst global energy crisis since the 1970s Who’s to blame for this?
Oil Prices Hit $100, Crisis Likely Deepens
"This may be a war but it's also perhaps the biggest energy supply/logistics crisis we've ever seen in modern history:" Mizuho's Jordan Rochester. "Oil is now on a $100pb handle and it might be there to stay," with greater likelihood...
IEA Emergency Oil Releases Have Surged, 2022 Tops History
History of IEA collective oil emergecy stockpiles releases (and size; note the size was volume offered): 1991: First Gulf War (~75 million) 2005: Hurricanes Katrina and Rita (~60 million) 2011: Libya civil war (~60 million) 2022: Russia-Ukraine (~180 million in two tranches)
Gulf Bottlenecks Trap OPEC+ Capacity, Limiting Supply Boost
“Most OPEC+ spare capacity (about 4 mb/d) is trapped behind Gulf export bottlenecks, rendering near‑term policy interventions ineffective. Even Saudi Arabia’s pre‑conflict ramp‑up toward 10.9 mb/d does little to ease global supply unless export routes re‑open.” - SocGen
Brent Holds $106‑108 as IEA Stock Decision Looms
Crude in a holding pattern -- likely short-lived -- with Brent at $106-108/bbl, awaiting IEA stock release decision.
Energy Prices Fuel Inflation; Efficiency and Renewables Needed
Rising energy prices are pushing up inflation, especially in economies dependent on imported fossil fuels. The durable solution is structural: improve efficiency, accelerate electrification and scale up renewables. Energy policy is economic policy. https://t.co/hmcAVJFLOT
Iranian Envoy Urges US, Israel to Leave Hormuz
U.S., Israel Should Withdraw From Strait of Hormuz Area, Says Iranian Envoy—Iran’s ambassador to China denounced the U.S. and Israel as sources of insecurity in the Strait of Hormuz and called on the two governments to withdraw from the area. @ByChunHan...
Oil Supply Drop Equals ~4 Days, Not 20
Current oil supply is not zero. It is 20% less than before. So this would mean 20 days of consumption.
China Champions Coal-to-Liquids, a Near‑exclusive Technology
China's National Energy Administration posted last night about the benefits of the coal to liquids industry, where coal is transformed into oil, gas and petrochemicals. It doesn't really exist anywhere at scale bar China and a big plant in South...
Rising Heat Deepens Southeast Asia’s Energy Crunch
Hotter weather threatens to worsen Southeast Asia's energy crunch ⚠️🌡️ Above average temperatures forecast for March-May, said the ASEAN Specialised Meteorological Centre on Friday The region relies on gas from the Middle East to meet peak demand https://t.co/jIpi4vUCIU
Bangladesh Shuts Universities to Curb Energy Demand Amid Crisis
Demand destruction as we speak, starting with Bangladesh. Thailand and China curbed exports of diesel and gas. Vietnam will do so next.
Fossil Fuel Dependence Makes Nations Hostages, Renewables Free
Dear politicians everywhere: if your energy depends on fossil fuels, you aren’t a sovereign nation; you’re a hostage. N.B.: The sun doesn't send a bill and the wind doesn't charge for delivery. Forever. https://t.co/yXp8pnaOXC
G7 Ministers Call Emergency Meeting, Consider Oil Reserve Release
G7 finance ministers to hold emergency conference call at 12.30pm London time to discuss the impact of the US- -Iran war, Paris said in a statement. According to the Financial Times, several G7 nations favour a release of their Strategic Petroleum...
US Officials Endorse Releasing 300‑400 Million Barrels
“US officials believe a joint release in the range of 300mn-400mn barrels — 25 to 30 per cent of the 1.2bn barrels in the reserve — would be appropriate.”
Global Oil Loss Reveals Hidden Strategic War Target
A barrel lost anywhere is a barrel lost everywhere. And we just lost one-fifth of everywhere barrels. No one is safe.
Brent and WTI Crude Surge to $119.5 per Barrel
Brent crude futures LCOc1 climbed to a high of $119.50 per barrel and U.S. West Texas Intermediate (WTI) CLc1 to $119.48 a barrel.
Collective Climate Action Falters While Energy Transition Thrives
climate collective action is on life support the energy transition is alive and well Important distinction to make