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:
HMC Says “Fantastic” Wind, Solar and Battery Assets Can Rival Real Estate as the Fund’s Biggest Earner
HMC Capital’s Energy Transition Fund, after buying Neoen’s Victorian renewable assets and battery developer Stor‑Energy, secured a KKR commitment of up to $603 million, falling short of its $1 billion target and prompting a 16% share decline. CEO David Di Pilla defended the portfolio, highlighting the 600 MW Kentbruck wind project and the 600 MW Moorabool battery, and pledged private‑equity‑style returns of over 20% IRR and a four‑times multiple within five years. The company now holds a 5.7 GW pipeline worth $1.3 billion, aiming to make energy earnings rival its real‑estate core. Despite a 31% revenue drop and a 79% fall in operating earnings, HMC reduced balance‑sheet exposure to $180 million.
Floating Nuclear Plants May Beat Shore Power in Cost, Speed
I think this is a great idea. I wrote a piece on floating nuclear for @ASMEdotorg @MEngineeringMag last September. Floating nuclear drives up costs on one hand (you have to build the ship and the power plant) but saves...
Power Purchase Agreements Navigate an Ever‑Changing Energy Market
An ever-changing market: Delving into the heart of power purchase agreements #energysky -- via pv magazine global: https://t.co/mTFwu6yRc9 https://t.co/GK6zgGrCNT
Enviri Corp (NVRI) Q4 2025 Earnings Call Transcript
Mirion Technologies reported record 2025 orders exceeding $1.1 billion, a 26% year‑over‑year increase, driven by strong nuclear power demand and a $150 million large‑opportunity pipeline. Revenue rose 7.5% to $925.4 million, with adjusted EBITDA up 12% to $227.9 million and free cash flow doubling...
Transgrid Cost Surge Sparks Doubts on Network Privatisation
Transgrid’s latest cost blowout raises a key question: What was the point of privatising energy networks? #energysky -- via Renew Economy: https://t.co/7EDjWkfvfl https://t.co/sG9wky3ieM
Germany Injects €1.3B Into Salzgitter Green Steel
After financial commitments fell through, the German government pours €1.3 BILLION into Salzgitter’s green steel project. GERMANY'S GREEN SECULAR RELIGION = KILLING THE GERMAN ECONOMY. https://t.co/gmESJ38qxH
Clean Energy Fuels Corp (CLNE) Q4 2025 Earnings Call Transcript
Clean Energy Fuels reported adjusted EBITDA of $67.6 million for 2025, topping the high end of its $65 million guidance despite the loss of alternative fuel tax credits. GAGA loss widened to $222 million, mainly from non‑cash interest charges tied...
Constellation Energy Corp (CEG) Q4 2025 Earnings Call Transcript
Exelon Corporation reported full‑year adjusted EPS of $2.77 and GAAP EPS of $2.73, topping the midpoint of its guidance thanks to favorable weather and regulatory outcomes. The utility announced a $41.3 billion capital plan through 2029, with more than 70% earmarked...
First Solar Inc (FSLR) Q4 2025 Earnings Call Transcript
First Solar reported record 2025 module shipments of 17.5 GW, a 24% increase year‑over‑year, and net sales of $5.2 billion at the top of its guidance range. Gross margin fell to 41% from 44% due to tariff costs and under‑utilized overseas plants,...
NRG Energy Inc (NRG) Q4 2025 Earnings Call Transcript
NRG Energy reported a 32% year‑over‑year rise in adjusted EPS to $2.78 and a record $1.205 billion adjusted EBITDA for Q3 2025, driven by strong performance in its Texas and smart‑home segments. Free cash flow before growth hit $828 million for the...
Tigo Energy Inc (TYGO) Q4 2025 Earnings Call Transcript
Tigo Energy reported Q3 2025 revenue of $30.6 million, up 115% year‑over‑year and 27% sequentially, driven by a 68% jump in U.S. sales and strong repowering demand. The company returned to GAAP operating profitability with $0.6 million operating income and...
Talos Energy Inc (TALO) Q4 2025 Earnings Call Transcript
Talos Energy reported adjusted EBITDA of $294 million and adjusted free cash flow of $99 million for the quarter, driven by cost‑saving initiatives and strong operational performance. Average production reached 93,300 barrels of oil equivalent per day, with oil comprising 69% of...
Solaris Energy Infrastructure Inc (SEI) Q4 2025 Earnings Call Transcript
Solaris Energy Infrastructure announced a major upsizing of its core power‑solutions contract to 900 MW with a seven‑year tenor, extending earnings visibility to 2033. The joint‑venture, in which Solaris holds a 50.1% stake, is fully financed by a $550 million senior secured...
U.S. Energy Dominance Push Collides with EU Methane Rules
U.S. Energy Secretary Chris Wright urged the IEA to refocus on energy security, coinciding with a federal push to boost oil and gas exports, especially LNG to Europe. The EU, facing record LNG imports and only 30% gas reserves, has...
Par Pacific Holdings Inc (PARR) Q4 2025 Earnings Call Transcript
Par Pacific Holdings reported Q3 2025 adjusted EBITDA of $372 million, largely driven by a $200 million boost from small refinery exemptions. Throughput reached a near‑record 198,000 barrels per day and system‑wide production costs fell to a record low $6.13 per barrel....
Kazakhstan Managing Uncertainty over Oil Exports
Kazakhstan’s oil export pathway is under heightened risk as Ukrainian drone attacks cripple the Caspian Pipeline Consortium (CPC) loading facilities in Novorossiysk, cutting December shipments by roughly 22 percent. The CPC pipeline, which moves over 80 percent of Kazakhstan’s oil,...
EOG Resources Inc (EOG) Q4 2025 Earnings Call Transcript
EOG Resources reported a record $4.7 billion free cash flow for 2025, returning 100% of that amount to shareholders through an 8% dividend increase and $2.5 billion of share repurchases. The company cut well costs by 7% by extending lateral lengths and...
Australia Secures Fixed‑Price Power for Tomago Smelter Post‑2028
Australia moves toward a fixed-price power deal to keep Rio Tinto’s Tomago aluminium smelter running after 2028. https://www.metalnomist.com/2026/02/tomago-aluminium-smelter-power-purchase.html
US Interior Guts Environmental Reviews for Oil, Gas Drilling
The U.S. Department of the Interior finalized a rule on Monday that slashes the time required to secure oil and gas drilling permits on federal lands. The regulation trims environmental review periods, limiting National Environmental Policy Act (NEPA) assessments to...
WinDC Partners with Yirigaa for AI Infrastructure Deployment
WinDC has teamed up with Indigenous‑led MSP Yirigaa to roll out modular, high‑density AI data centres powered by renewable energy at generation sites across regional Australia. The partnership couples WinDC’s zero‑scope‑2 emissions compute modules with Yirigaa’s ISO‑27001‑certified workforce, delivering training,...
Clean Energy Sector Sorts Out US Tariff Ruling Impacts
Last week the U.S. Supreme Court invalidated most of the tariffs imposed by the Trump administration on clean‑energy imports. The decision instantly altered market expectations for solar panels, wind turbine components, and battery materials that had been adjusting to higher...
BKGI: An Outperforming ETF In An Important Asset Class
The BNY Mellon Global Infrastructure Income ETF (BKGI) delivers active, worldwide infrastructure exposure through 33 holdings and a 0.55% expense ratio. Over the past three years it generated a 19.4% annualized return, beating its S&P Global Infrastructure benchmark’s 13.6% return. The...
France’s Nuclear Pivot Serves as Catalyst for NUKZ
France has reversed its plan to close 14 reactors, opting instead to extend its existing fleet and build at least six new EPR2 units. EDF’s preliminary cost estimate for the first six reactors now stands at €72.8 billion, underscoring the scale...
India’s Carbon Capture Moment Has Arrived
India’s 2026‑27 Union Budget earmarked roughly $2.4 billion (₹20,000 crore) for a national carbon capture, utilisation and storage (CCUS) programme targeting steel, cement and other heavy‑industry emitters. The funding marks a shift from research‑only projects to a full‑scale industrial strategy, driven by...
From Which Countries Did the US Import Solar Panels in 2025?
U.S. solar projects continued heavy reliance on imported silicon panels and cells in 2025, with 33 GW of panels and 21 GW of cells entering the market. Imports shifted toward Southeast Asian suppliers, led by Indonesia, Laos and India, while Ethiopia and...
San Francisco Seeks Breakaway From PG&E to Create Public Utility
California State Senator Scott Wiener introduced Senate Bill 875 to let San Francisco municipalize its electric distribution, aiming to break away from PG&E. The move follows repeated blackouts, rates that are roughly double those of neighboring areas, and safety failures...
Canada’s Political Cross‑currents:
Last Week, This Morning for Feb. 23 1. Electrification of Canada - the narrative trap 2. CPC floor crossing, Jivani in Washington 3. Danielle Smith and immigration, 9 referenda 4. Gil McGowan and Alberta unions fight back #ableg #cdnpoli https://youtu.be/NQLr-oMVHKk
Soaring Tanker Costs Force West African Oil Price Cuts
West African crude traders are slashing discounts as freight rates to Asia surge to a five‑year peak and the Brent‑Dubai exchange‑for‑swaps (EFS) spread widens to about $2 per barrel. The higher shipping costs and broader EFS premium have pushed West...
Kazakhstan to Supply Fresh Uranium to India Under New Deal to Fuel Nuclear Power Plants
Kazakhstan’s state‑controlled miner Kazatomprom announced a new contract to supply fresh uranium to India, reinforcing the latter’s nuclear fuel pipeline. The deal follows earlier agreements that delivered 2,100 tonnes in 2009 and 5,000 tonnes between 2015‑19. While exact volumes were...
Forescout Partners with E-ISAC to Bring Threat Intelligence and Research to North American Utilities
Forescout Technologies has become a vendor affiliate of the North American Electricity Information Sharing and Analysis Center (E‑ISAC), extending its threat‑intelligence sharing to U.S. utilities and grid operators. Through its Vedere Labs research unit, the company will feed cyber and...
First Indian Diesel Cargo Arrives in Europe After New Russian Sanctions Take Effect
A tanker chartered by Reliance delivered about 100,000 tons of diesel to Rotterdam, marking the first Indian petroleum fuel cargo to reach the Amsterdam‑Rotterdam‑Antwerp hub since the EU imposed sanctions on Russian‑crude derived products. The vessel, Proteus Bohemia, loaded in India’s...
Effective Taxes on Carbon: An International View
The OECD’s "Effective Carbon Rates 2025" report surveys 79 countries and compares three carbon‑pricing tools: fuel taxes, explicit carbon taxes, and emissions‑trading systems. By weighting tax level against the share of emissions covered, the analysis shows fuel taxes remain the...
How Rare Earth Elements Power Hybrid Car Batteries and Transform Transportation
Hybrid car batteries, paired with compact rare‑earth‑based electric motors, have reshaped vehicle efficiency by enabling high‑power assist, regenerative braking, and smoother launches. Neodymium‑iron‑boron magnets deliver the torque density needed for these systems, while dysprosium and terbium protect performance at elevated...
Global CO2 Levels Set to Flatten, Then Decline
I expect we will see similar results worldwide soon, country by country. A flattening of CO2, followed by a decline, as renewables replace coal and gas, and EVs displace gasoline/diesel.
Canada’s Innovation Poised to Lead Global Carbon Removal
How Canadian Innovation and Entrepreneurship Could Lead Global Carbon Removal Senator @colindeacon discusses “Carbon Removal, From Air to Sea,” released on Feb 5. #cdnpoli https://youtu.be/MrWuN-uuFzk
Energy Crises Drive Nations Toward Solar Adoption
Ukraine turned to solar power as their energy infrastructure is destroyed by Russia. Cuba turns to solar power as the U.S. cuts off oil shipments. See a pattern here??
EU Nations Show Mixed Progress on Energy Storage Plans
European Union members make mixed progress in implementing energy storage strategies #energysky -- via Energy Storage News: https://t.co/kTQpOX2ldX
BESS Bankability Shifts to Operational Performance in 2026
Redefining BESS bankability in 2026: from installed capacity to operational performance #energysky -- via Energy Storage News: https://t.co/oeWGFHHUsy
Oil Service Stocks Decouple From Oil
$DSPX $OIH the miracle of dispersion/factor and narrative herding- OIH, oil service companies (and XLE) have stopped caring about the price of oil https://t.co/KSEm3I1wDU
Local Communities File Final Legal Challenge Against Marinus Link
Locals launch last-ditch legal challenge in bid to stop Marinus Link #energysky -- via Renew Economy: https://t.co/3JXw7onas3 https://t.co/YacCtryQP3
Certainty and Uncertainty Dominate Intersolar Energy Storage 2026
Certainty and uncertainty take center stage at Intersolar and Energy Storage North America 2026 #energysky -- via pv magazine usa: https://t.co/gtDWrb7IcT https://t.co/VEuvEuSaRB
India's Power Shift Gains Speed, Yet State Gaps Remain
India’s electricity transition accelerates, but state-level gaps persist, says report #energysky -- via pv-tech: https://t.co/8JMDFaeeSy
Geometry-Constrained Optimization Expands Rooftop Solar Potential
Beyond rectangles: How geometry-constrained optimization can unlock more rooftop solar #energysky -- via pv magazine usa: https://t.co/XnjsGEvlbI https://t.co/YpXtdzFktR
World's Largest Solar‑Storage Project Achieves Grid Sync
World’s largest solar-plus-storage project completes initial grid synchronization #energysky -- via pv magazine global: https://t.co/Dw6ir5rO3W
Energy Firms Ramp up Lobbying for Venezuela Opportunities
👀 #Energy-related companies' interest in opportunities in #Venezuela is starting to show up in lobbying reports. Expect to see more of this K Street action, as we reported in this morning's @axios Future of Energy newsletter. #OOTT (1/3)
Renewables and Batteries Dominate 93% of New U.S. Capacity
Renewables and Batteries Comprise 93% of New U.S. Generating Capacity This Year #energysky -- via Heatmap News https://t.co/UokkhuyyPf https://t.co/QES3dHLq5F
Nuclear Plant Overruns Cost by €2.5bn, Delayed 12 Months
World’s most expensive nuclear power plant blows out again, by €2.5 billion and 12 months #energysky -- via Renew Economy: https://t.co/IAT2b1WZ5z https://t.co/VcM9xK4NFF
Zero‑Emission Mandates Without Nuclear Threaten Power Prices, Reliability
California, Oregon, Minnesota, Rhode Island, Maine, Massachusetts and Vermont have aggressive (75-100%) zero-emission electricity mandates AND bans on new nuclear power. If these states don't repeal these policies—and soon—they will face: 1) sky-high electricity rates (from catastrophically expensive overbuilds of solar/wind/batteries and...
US Adds 57.6 GWh Energy Storage in 2025
SEIA: US installed 57.6 GWh of new energy storage capacity in 2025 #energysky -- via Solar Power World: https://t.co/ZVXllTa5xB
Falling Gas Prices Save Combustion Drivers $700, EV Costs $290
Lower gasoline costs will save money for those who drive cars w/ outdated combustion-powered drivetrains (more than $700/household according to this post). As a separate data point I will spend ~$290 this year to charge my electric vehicle (8000 miles, 0.3...