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:
Report Finds 30,000+ Abandoned California Oil Wells Threaten Health and Cost $21.5 B to Plug
A Center for Biological Diversity report identified more than 30,000 idle oil and gas wells across California, including 4,000 within 3,200 feet of schools and parks. The study estimates $21.5 billion is needed to plug them, while financial guarantees from operators cover only about 1% of the cost, leaving taxpayers on the hook.
Enbridge Q1 Earnings Slip but FY26 Outlook Remains Intact
Enbridge Inc. posted first‑quarter earnings of C$1.67 billion ($1.24 billion), a drop from C$2.26 billion a year earlier, as non‑cash derivative adjustments weighed on results. The company reaffirmed its FY26 adjusted EBITDA guidance of C$20.2‑20.8 billion and declared a C$0.97 per‑share dividend.
Qatari LNG Tanker Sailing Towards Hormuz Strait, Shipping Data Shows
Qatari LNG tanker Al Kharaitiyat left Ras Laffan for Pakistan and is now heading toward the Strait of Hormuz. If it clears the waterway, it will be the first Qatari LNG vessel to transit the strait since the Iran‑Israel war began. Iran...
Solar Can't Simply Replace Biofuel Land Use
I hear this framing all of the time and it is disappointing to hear it from @OurWorldInData. Basically says that we use alot of land to grow biofuels. Put solar panels on that same land and you could power every car...
Indonesia’s EV Transition Not Just to Cut Emissions, More So to Cut Oil Dependence, Study Says
Indonesia’s transport sector, long sustained by cheap fuel subsidies, now faces mounting fiscal strain as global oil prices surge. A new ICCT working paper highlights that fossil‑fuel subsidies consumed about 10% of the 2023 state budget while road transport accounts...
Contact Between 2D and 3D Perovskites Reshapes Crystal Order, Lifting Efficiency to 26.25%
Researchers at Korea University, University of Toledo and Seoul National University introduced a contact‑induced crystallization (CCI) technique that merges 2D wide‑bandgap and 3D halide perovskite layers. By applying heat after the layers touch, the 3D FAPbI₃ film attains near‑ideal lattice...
Crude Oil at Record Premium Over Gas Signals Reversion Risk
Crude Oil's Extreme Premium vs. Itself, Natural Gas Crude has never stretched to a greater premium to its 100-week moving average and vs. the price of natural gas in the history of WTI futures trading (since 1985) and US natural gas...
Experimental Study of Sand Agglomeration Chemical Performance Under Varying Sand Characteristics Based on Field T
A field‑scale experimental study evaluated a polymer sand‑agglomeration chemical (SAC) in Field T’s unconsolidated reservoirs. Tests on ultra‑fine (85 µm D₅₀) and fine (171 µm D₅₀) sands showed D₅₀ growth of 1,479 % and 1,163 % and cut sand production by more than 53 %. Permeability...
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POLAR POLITICS: Iran War Fuel Chaos Hits Sub-Antarctic as Remote Marion Relief Voyage Severely Delayed
South Africa’s annual relief mission to Marion Island has been postponed until mid‑May after a specialised polar diesel shipment, delayed by the US‑Israel war with Iran, finally arrived at a Cape Town refinery on May 1. The DFFE explained that global...
Oil Inventories Plummet, Raising Spike and Shortage Risks
Bloomberg: “The world has burned through oilinventories at a record speed as the Iran war throttles flows from the Persian Gulf… The rapidly shrinking stockpiles mean that the risk of even more extreme price spikes and shortages is getting ever-closer, leaving governments...
OTC 2026: Deepwater Re-Emerges as Critical Supply Engine Amid Global Exploration Slowdown
Deepwater development is re‑emerging as a pivotal supply engine as global exploration spending hits near‑record lows. Analysts warn of a potential 25 MMbpd oil supply gap by 2040, prompting a focus on long‑life offshore projects. Production from deepwater, currently under 8%...
Aramco, ADNOC Quietly Resume Limited Hormuz Crude Exports
Saudi Aramco and Abu Dhabi National Oil Company have quietly restarted limited crude shipments through the Strait of Hormuz despite ongoing Iran‑related security threats. Bloomberg’s tanker‑tracking data shows exports have averaged about 500,000 barrels per day since early March, a...
Offshore Growth and Geopolitics Dominate OTC 2026 Discussions
The Offshore Technology Conference (OTC) 2026 wrapped up in Houston with roughly 25,000 attendees from more than 100 nations. Sessions centered on offshore investment, deep‑water projects, LNG expansion, digitalization and energy security amid ongoing Middle East tensions. Attendance lagged peak‑cycle...
Shell Selects Audubon for Deepwater Brownfield Work in U.S. Gulf
Shell plc awarded Audubon Companies an exclusive engineering and procurement contract for its deepwater brownfield topside projects in the U.S. Gulf, covering up to $100 million in installed costs. The deal tasks Audubon with operations, maintenance and upgrade work aimed at...
A History of OPEC: Why Its Crisis Is Bad News
The United Arab Emirates announced it will leave OPEC on May 1, arguing that the cartel’s production quotas limit its roughly 5 million barrels‑per‑day capacity. The move marks the first exit of a major producer since OPEC’s founding and underscores a shift...
FH Capital Secures 75.1% Stake in JinkoSolar’s U.S. Manufacturing Operations
FH Capital announced the purchase of a 75.1% majority stake in JinkoSolar’s U.S. manufacturing operations, aiming to build a premier domestic solar and battery‑energy‑storage system (BESS) platform. The financial terms were not disclosed, but the deal signals a growing private‑equity...
India’s Village Biotech Hub Unveils First Indigenous Bioreactor, Boosting Rural Innovation
Dyna Biotech, based in Phursungi village on Pune’s outskirts, launched India’s first indigenous bioreactor, marking a shift of high‑tech biotech into rural areas. The facility also rolled out a waste‑to‑energy system that claims five‑fold efficiency gains, positioning the hub as...
Ethiopia Leads Africa’s EV Boom as Fuel Prices Spike, $200M+ in Chinese Imports Arrive
Soaring gasoline prices have spurred a rapid rise in electric‑vehicle uptake across Africa, led by Ethiopia, which now has over 115,000 EVs and imported $200 million worth of Chinese models in 2025. The shift is reshaping demand, cutting fuel‑import bills and...
Buy Nuclear and Rare Earth Stocks Now for 10x Gains
In 2025 I called out to buy rare earths & nuclear. Many got rich from this… Now in 2026, I am calling for strong buys on Nuclear & rare earths again. Over 10x potential. These stocks are the best names to buy...
Trump’s Wind Policy Threatens Canadian Stability, Warns Smith
Why Canadians Should Worry About Trump’s Attack on Golden State Wind Govt institutions should be boring, predictable, not subject to one politician's whim or ideology. We're looking at you Danielle Smith. #ableg #abpoli #cdnpoli https://markhamhislop.substack.com/p/why-canadians-should-worry-about
Maryland Citizens Slapped with $2 Billion Power Grid Upgrade Bill for Out-of-State AI Data Centers — State Complains to Federal...
Maryland’s Office of People’s Counsel has lodged a complaint with FERC demanding that PJM Interconnection stop charging the state $2 billion of its $22 billion grid‑upgrade bill, which would add $1.6 billion to Maryland ratepayers over the next decade. The upgrade is intended...
Fuel Crisis Rebrands Green Tech as National Strength
Green technologies used to be “woke leftism”. Now with the Iran/US war hammering fuel supplies they’ve been instantly rebranded as ways to be a strong nation. In Europe sales have risked 20-35% in large nations. This green technology wave will likely...
Big Oil Pulls Back From Green Spending in 2025
A BloombergNEF chart shows that seven oil‑and‑gas supermajors cut low‑carbon investment by 65% in 2025, bringing total spend to $25.7 billion – the lowest level since 2019 and the first annual decline in eight years. The United States saw the steepest...
Strategic Value Partners Secures Full Ownership of 485‑MW Birdsboro Power
Strategic Value Partners' funds have signed a definitive agreement to buy the remaining equity in Birdsboro Power, a 485‑MW natural‑gas combined‑cycle plant in Pennsylvania. The deal brings the asset under 100% SVP ownership, reinforcing its push into high‑efficiency power generation...
Shipping Firms Warn of Heightened Risks as Strait of Hormuz Remains Closed
Global shippers say the prolonged shutdown of the Strait of Hormuz is driving soaring insurance costs, weekly losses of $60 million for carriers like Hapag‑Lloyd and a backlog of more than 1,500 vessels, while diplomatic talks stall.
Iren Names Kent Draper CRO to Accelerate AI‑Driven Power Projects
Iren Limited announced the appointment of Kent Draper as chief revenue officer, tasking him with driving revenue growth as the company expands its AI‑powered power portfolio. The move comes amid a $3.1 bn annual recurring revenue base, a $3.4 bn five‑year AI...
Aikido Unveils Offshore AI Platform to Cut Grid Strain with Wind, Batteries and Seawater Cooling
San Francisco‑based Aikido Technologies announced its AO60DC floating platform, which pairs a 15‑18 MW wind turbine, battery storage and seawater‑cooled servers to deliver 10‑12 MW of AI‑grade compute. The proof‑of‑concept is slated for Norway in late 2026, with a commercial UK project...
India's Goldilocks Growth Model Tested by Oil Shock and Rising Inflation
India’s “Goldilocks” growth scenario—strong GDP, moderate inflation and stable finances—is under pressure as crude oil prices have surged about 40% and inflation expectations have been lifted to 5.1%. Analysts say markets have already priced the shock, but the outcome will...
PPL Warns Pennsylvania Data‑center Surge Could Strain Transmission, Adds $500 M Capex Need
PPL Corp. said Pennsylvania data‑center projects have risen to 28.3 GW, a 12% jump, with 10 GW under signed agreements and 5 GW under construction. The utility warned that at least $500 million in additional transmission capital will be required to avoid reliability risks,...
Atom‑Precise Quantum‑Dot Catalysts Achieve Near‑100% Ammonia Yield From Nitrate
Researchers unveiled a curvature‑programmed catalyst—FeCu dual single‑atom protrusions on MoC quantum dots—that converts nitrate to ammonia with nearly 100% Faradaic efficiency, a 300 mV overpotential and 7.5 Wh g⁻¹ NH₃ energy use, merging pollutant removal with renewable energy storage.
GE Vernova Pivots to Data‑center Power, Shares Jump 157% as AI Demand Soars
GE Vernova is redirecting its go‑to‑market toward high‑margin data‑center customers, a move that has lifted its stock 157% in the past year and attracted a 17.8% jump in foreign institutional ownership. The pivot taps booming AI‑driven data‑center spend, which analysts...
Introducing the ‘NACHO’ Trade: How Wall Street Is Betting on Higher Oil P...
Wall Street has coined the “NACHO” trade—Not a Chance Hormuz Opens—to reflect expectations that the Strait of Hormuz will remain closed, supporting crude oil near $100 a barrel. The trade is driving Treasury yields higher, compressing the 2‑year/30‑year spread by...
The Iran War Will Change Global Energy Markets in These Important Ways, Oil Executives Say
The Iran war and the resulting blockade of the Strait of Hormuz have eliminated nearly a billion barrels of oil, prompting oil‑field‑service CEOs to warn that governments will now prioritize energy security and boost oil exploration. U.S. shale exports have...
IEA Head Calls on Canada to Move Faster on Energy
International Energy Agency Executive Director Fatih Birol urged Canada to speed up development and export of its oil and gas resources, warning that the post‑Iran war market offers a limited window of premium pricing. He highlighted a "energy security risk premium"...
Resilience and Divergence in the Face of the Latest Oil Shock
The Iran‑Middle East conflict that erupted in February 2026 triggered a sharp oil price surge, creating a combined price‑and‑supply shock. Emerging‑market (EM) economies are being evaluated for resilience, with exporters poised to benefit while import‑dependent nations face heightened cost pressures....
Iran War Fallout: The Real Market Risks Aren’t Just Oil
The Iran‑related conflict has damaged key energy infrastructure, most notably Qatar’s Ras Laffan LNG complex, which now removes roughly 3‑4% of global LNG capacity for up to five years. Analysts estimate 40‑80 facilities across the oil‑gas‑petrochemical chain are affected, with five...
Bihar Govt to Roll Out EV Charging Network Across Highways
The Bihar government will install electric vehicle charging stations along national and state highways at dhabas, hotels, motels and petrol pumps. Transport secretary Raj Kumar met with auto, petroleum and OEM representatives to set technical standards and operational guidelines. The...
US Prioritization Assumption in Hormuz Conflict Proven Wrong
I agree 100% with @ProfTalmadge and noted this major misstep in my recent @AtlanticCouncil column on the energy security lessons so far from the Iran war. @RapidanEnergy's pre-war modeling of a Hormuz conflict assumed the US military would...
Gas Prices Stay Above $4.50, Diesel Near Records
Heading into the peak U.S. driving season, the latest AAA data show regular gas (petrol) prices holding above $4.50 a gallon and diesel prices near record highs. #economy #markets #gas
China Gains Strategic Edge as US Stumbles in Iran War
China is a winner from the Iran War, says @DanielYergin Beijing stayed on the sidelines & preserved optionality It watched Washington absorb the costs & exhaust munitions & credibility It has reserves while everyone else panicked. #IranWar #Geopolitics #China #Energy #OilMarkets #GlobalPower
WTI Spreads Hit Record Despite Lower Futures Prices
Record WTI spreads at lower futures prices than previous highs The market is pricing an acute near-term squeeze and a belief that it resolves #OilMarkets #WTI #Futures #Energy https://t.co/jobAC4TV8G
AGL’s Liddell, Tomago Batteries Expected to Raise Returns 10%
AGL’s Liddell and Tomago battery storage systems to boost returns by 10% in Australia #energysky -- via Energy Storage News: https://t.co/ej4r7dljbn
Oil Expected to Decline as Iran Conflict Likely Subsides
$USOIL - Given that it's highly unlikely that the war in Iran will resume crude oil should generally move lower over the coming weeks, with occasional bounces whenever there's news about an escalation of the situation like the ones we...
Japan Reopens NEDO Perovskite Solar Call, Emphasizes Single-Junction
Japan reopens NEDO perovskite solar call with single-junction focus #energysky -- via pv magazine global: https://t.co/gQrXmm1aJc
EVs Set to Displace More Oil than China By
EVs slashed global motor fuel use by 2.3 million barrels per day in 2025 (over 2% of global consumption) as sales grew 20% year on year. By 2030, BNEF expects EVs will displace 5.3 million barrels/day. That's more oil than...
US Refineries Ramp Up Ahead of Summer Driving Surge
Summer driving season approaching - U.S. refineries have the pedal to the metal right now - triggering stress points.
China's April Crude Imports Plunge Below 2019 Levels
Big drop in crude import volumes out of China in April Imports dipped below 2019 levels Clearly helped stabilize the global market (gas imports also down) https://t.co/XJmsiZkLkp
Free Market, Curtailment, Storage Reshape Brazil's Solar Sector
Free market, curtailment, and storage reshaping Brazilian solar sector #energysky -- via pv magazine global: https://t.co/UkOtKxTmyo
Investors See Middle East Conflict De‑escalating Amid Ceasefire Violations
Week Ahead: Trump-Xi and US-China CPI: There were several developments to note last week, but arguably the most important was that investors are optimistic that the Middle East war is winding down despite some violations of the ceasefire. June WTI...
Buy €79K Dutch Car for 113kWh V2G Battery
Not sure if there is a cheaper way to unlock a 113kWh V2G capable* battery for yourself than simply getting this €79K 🇳🇱 vehicle 🔋🔋🔋 (* probably only V2G support in D(ACH) market(s)) #alwaysbedischarging ⚡️⚡️⚡️ https://t.co/iKOOntJCs2