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:
US Gasoline and Distillate Inventories Sink Below 5-Year Range, Set to Hit Historic Lows
U.S. gasoline and distillate stockpiles have fallen to levels not seen in five years, according to the latest Energy Information Administration data released on May 6, 2026. Nationwide gasoline inventories slipped to roughly 210 million barrels, while distillate supplies dropped to about 115 million barrels, both edging toward historic lows. The drawdown reflects robust demand and limited refinery output amid ongoing supply chain constraints. Analysts warn that continued scarcity could lift retail fuel prices and pressure inflation.
Alaska Wrestles Over Tax Regime for Massive LNG Export Project
Alaska lawmakers are debating a sweeping overhaul of the state tax code to make the $44 billion Alaska LNG export terminal and its 807‑mile pipeline more financially viable. The proposed changes aim to lower the tax burden on the project, which...
State Carbon Markets: Development and Uncertainty
As the federal climate agenda recedes, several states are expanding or tightening cap‑and‑trade and cap‑and‑invest programs. Virginia is set to rejoin the Regional Greenhouse Gas Initiative by July 2026, pushing RGGI allowance prices from $25 to $60 per ton. California’s Air...
Petrus Resources Announces First Quarter 2026 Financial and Operating Results
Petrus Resources reported Q1 2026 results, noting a 13% production increase to 10,054 boe/d after closing a Cardium acquisition that added roughly 2,000 boe/d and boosted liquids weighting. Funds flow rose 7% to CAD 13.3 million (≈US 9.8 million) while capital spending reached CAD 21.5 million (≈US 15.9 million). The deal...
Rising Wholesale Power Prices: What Energy Buyers, Developers, and Lenders Need to Know About PPA Risk in 2026
U.S. wholesale electricity prices surged in 2025, with year‑on‑year gains of 62% in New York, 60% in New England, and 45% in PJM, driven by higher natural‑gas costs and tightening capacity markets. Despite a record 54 GW of new utility‑scale generation...
TSMC Taps Wind Power as AI Chip Demand Soars, Taiwan Feels Energy Crunch
Taiwan Semiconductor Manufacturing Co. (TSMC) signed a 30‑year power purchase agreement for the 1‑gigawatt Hai Long offshore wind project, securing renewable electricity for its fab operations. The wind farms will begin feeding Taiwan’s grid in 2025 and reach full capacity by...
Nearly $1 Billion in Oil Shorts Bet Just Before Iran Peace Report
A trader placed a $920 million crude short—about 10,000 contracts—just before a report that the United States and Iran were nearing a peace memorandum. Within two hours oil prices fell 12%, allowing the position to generate roughly $125 million in profit. Prices...
Poll: Majority of UK Public Believes Excessive Oil and Gas Profits Are 'Morally Wrong'
A poll of more than 2,000 UK adults reveals that a clear majority consider it morally wrong for oil and gas firms to earn excessive profits amid the current energy crisis sparked by the Iran‑Russia war. Respondents also expressed strong...
Iran War Boosts Russia April Oil Tax Revenue to 6 Month High
Russia’s federal oil tax receipts jumped to 707.1 bn rubles (about $9.5 bn) in April, the highest level since October, as the Urals crude price climbed to $77 per barrel amid the Iran‑related supply shock. The surge was partially offset by record...
Trump Halts ‘Project Freedom’ Shipping Aid in Strait of Hormuz Amid Iran Talks
President Donald Trump announced a pause to the U.S. “Project Freedom” operation that was guiding stranded commercial vessels through the Strait of Hormuz. The decision, made at the request of Pakistan and other regional partners, follows diplomatic headway with Tehran...
How the Petrodollar Regime Came to Be, and What Losing It Would Mean for the U.S.
The petrodollar system began in 1974 when the United States struck a deal with Saudi Arabia to price oil exclusively in dollars in exchange for military and economic support. This arrangement funneled massive oil revenues into U.S. Treasury bonds, cementing...
DHL CEO Warns of Jet‑fuel Shortfall in Asia, Threatens Air Cargo Capacity
DHL chief executive Frank Meyer warned that a persistent shortfall of 10‑12 million barrels of crude per day could tighten jet‑fuel supplies at key Asian airports, prompting flight cancellations and higher air‑freight charges. The warning follows Middle‑East conflict that has choked...
Australia, Japan Commit $1.67 Bn to Boost Critical Minerals Supply Chains
Australia and Japan announced a joint declaration that earmarks up to $1.3 bn from Australia and $370 m from Japan to accelerate critical‑minerals projects. The move aims to diversify supply chains for rare earths, lithium and other strategic resources, reinforcing both economies’...
European Gas Traders Buy Options Betting on €100/MWh Winter Spike
European natural‑gas traders have snapped up options contracts that price a winter benchmark at up to €100 per megawatt‑hour, more than double today’s level. The move signals growing concern that the Middle‑East conflict will choke supplies and force inventories to...
Moment Energy Secures $40 M Series B to Build Second‑Life Battery Factory for AI Data Centers
Moment Energy announced a $40 million Series B round led by Evok Innovations, pushing total capital raised past $100 million. The financing will fund the construction of the largest North American second‑life battery factory, targeting the soaring power needs of AI‑driven data...
California Discharges 12,000 MW Battery Array, Matching 12 Nuclear Plants
California’s grid discharged just over 12,000 MW from its battery arrays, a capacity comparable to 12 large nuclear power plants and enough to meet more than 40% of the state’s peak electricity demand. The achievement highlights the rapid scaling of grid‑connected...
Trump Paying Billions to Abandon Wind Power
The Trump administration announced it will spend nearly $1 billion to compensate energy firms for canceling two offshore wind projects off the U.S. coastline. The payment, approved by bipartisan lawmakers, aims to halt construction and avoid further regulatory hurdles. The move...
Big Oil Resists Push to Prioritize Output Growth
Big Oil posted strong first‑quarter earnings as soaring oil and gas prices lifted profit margins in both Europe and the United States. Despite the price rally, major producers such as ExxonMobil and Chevron did not increase output, with Exxon reporting...
A Growing Grid: Five Principles for Transmission Policy
The North American Electric Reliability Corporation (NERC) issued a rare Level 3 alert, warning that hyperscale data centers are creating volatile, hard‑to‑predict load swings that can drop gigawatts in seconds. Utilities lack the tools to absorb these rapid changes, raising a...
AI Pivot: Electrification Infrastructure in Focus
AI‑driven data centers are exposing a critical shortfall in the United States’ power grid, prompting investors to look beyond chip makers toward the physical infrastructure that can deliver 24/7 electricity. ALPS Capital highlights this shift in its Q2 2026 market themes,...
Joyson Electronics Establishes Solid-State Battery Joint Venture, Targeting Embodied Intelligence
Joyson Electronics and battery specialist Enpower have created a joint venture, Ningbo Junen New Energy Co., to develop solid‑state batteries for embodied intelligence such as robots. The partnership will combine Joyson’s expertise in integrated energy‑management systems with Enpower’s high‑energy‑density solid‑state...
Not All Oil Giants Are Prospering From the Iran War
Oil prices have surged amid the Iran‑Russia conflict, with Brent averaging $118 per barrel in Q1 2026, far above analysts’ $60 forecast. While the higher price environment should lift all majors, U.S. giants Exxon Mobil and Chevron are seeing only modest margin...
Canada’s Carbon Tax Hinders Pipeline Plans, Cenovus CEO Says
Cenovus Energy CEO Jon McKenzie told analysts that Alberta’s proposed 1 million‑barrel‑per‑day pipeline hinges on easing Canada’s industrial carbon tax. He argues that new greenfield oil‑sands projects require less stringent climate rules to be financially viable. The federal and provincial governments...
California's Oil Imports Outsource Emissions, Undermining Reductions
California and Newsom have a dirty little secret: CA imports a lot of oil from abroad, and in particular, the middle east (~28.5% of imported oil). I love California but it is misleading when you look at Newsom’s claims about...
The Three Mile Island Trade
In September 2024 Microsoft signed a 20‑year power‑purchase agreement to revive Three Mile Island Unit 1, committing roughly $1.6 billion to bring the dormant reactor online for AI training workloads. Constellation Energy, after acquiring Calpine for $26.6 billion, positioned itself as the largest...
Gas‑price Panic Blinds Us
If even a fraction of the people who freak out about the price of gasoline would give a damn about renewables buildout, we’d never know or care about the Strait of Hormuz.
Critics Slam $10 B Fuel Reserve ‘Future‑Proof’ Plan
National fuel reserve “future-proofed” in $10 billion plan, but critics say it is “junk logic” #energysky -- via Renew Economy: https://t.co/K8NzDiBHjt https://t.co/ehwsXNeg3M
Train 6 Feed Gas Approval Marks Latest Step in Cheniere Stage 3 Ramp-Up
Cheniere Energy received federal approval to introduce 210 MMcf/d of feed gas into the cold‑end of Train 6, the latest milestone in its Stage 3 expansion at the Corpus Christi LNG export terminal. The approval signals that the train is moving into late‑stage commissioning,...
Trump Admin Explores Tapping Base Oil Reserves
The Trump administration is studying using oil under land at US military bases and other sites to help refill the nation’s depleted emergency reserves https://t.co/4M4dUQNBNM
US Oil Plunges 13% on Iran Headlines Volatility
US oil price action today was nuts today. WTI dropped as much as -13.6% at the days low and looking to end the day down around -6.3% Tthe reactionary and skeptical elements of US-Iran headlines drive this volatility. Second biggest 'lower...
Signature Solar Announces Reno, NV Distribution Center, Targets South Carolina for Next Facility
Signature Solar, a Texas‑based solar distributor, is opening a 76,000‑square‑foot warehouse and a 2,000‑square‑foot retail store in Reno, Nevada. The new hub will serve DIY homeowners and B2B installers on the West Coast, shortening shipping times and lowering freight costs....
Tiny Price Elasticity Could Boost Canadian Output Dramatically
If the Canadian oil supply elasticity with respect to oil price were even 1/200th of the claimed oil supply elasticity with respect to average carbon pricing costs, we'd be producing 26 million barrels per day by next Tuesday. All numbers...
Arizona Solar-Storage Project Powers California Utilities
Arizona solar + storage project comes online to benefit California utilities #energysky -- via Solar Power World: https://t.co/h1ICWBWrUn
Unlocking the Next Source of US Energy Dominance
The U.S. Department of Energy’s ARPA‑E has poured $4.2 billion into 1,700 energy R&D projects, catalyzing a surge in commercial fusion ventures. Data centers, now 4.4% of U.S. electricity use, could climb to 10% by 2028, driving grid investment and new...
Signature Solar Opens Reno Hub, Eyes South Carolina Expansion
Signature Solar announces Reno, NV distribution center, targets South Carolina for next facility #energysky -- via pv magazine usa: https://t.co/RABhCVyLPW https://t.co/fRlPSIEh70
Only a COVID‑scale Demand Shock Offsets Hormuz Closure
"only thing that could possibly offset the supply lost due to the closure of the Strait of Hormuz would be another exogenous COVID-level demand destruction event" https://t.co/PPzI5Mt2Ni
Daily Energy Report
Oil markets tumbled on May 6 after Axios reported a near‑final US‑Iran memorandum of understanding that could end hostilities and reopen the Strait of Hormuz. Brent crude dropped more than 13%, briefly slipping below $100 per barrel to around $98...
WTI Crude Plummets 6% to $77, Possible False Breakout
December WTI crude oil futures slammed 6%... down to $77... was that a false breakout? https://t.co/QzrbXc0P6e
Denmark's Grid Overloaded: Data Centers Demand Optimization
Another country facing issues from data center demand. We need to refocus on optimization over assuming unlimited resources. Denmark faces data center reckoning as power grid overwhelmed by surging demand https://t.co/BNOTqpCMax #CIO #AI #DataCenter
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Green Hydrogen in Europe: Who Stands to Benefit From Nuclear?
The European Commission’s AccelerateEU plan is reviewing green‑hydrogen rules to potentially add nuclear power as an approved electricity source. Under current RFNBO certification, projects must draw power from renewables or a grid that was at least 90% renewable in the...
Brent Outpaces S&P 500 in the Past Five Trading Days
Brent crude prompt futures (white) vs S&P 500 futures (blue) over the past 5 trading days https://t.co/EFvg7xDNWL
Brent Spread Returns to Pre‑war Levels, Doom Forecasts Falter
The spread between Dated Brent and the July futures price is back to pre-war levels. The same people who one month ago told us this thing can only go wider are still forecasting the apocalypse. Maybe they're right, but their...
US Onshore Wind Halt Deals Latest Blow for Project Cargo
The Department of Defense has halted approvals for roughly 165 on‑shore wind projects in the United States, citing national‑security concerns. The pause affects a sector that supplies over 90% of global turbine orders, creating a ripple effect for heavy‑haul logistics...
US Fuel Exports Surge 20% to 8.2 Mn Barrels Daily
Last week, the US exported more than 8.2mn barrels a day of refined fuels including gasoline, diesel & jet fuel, an increase of more than 20% from the same period last year, according to the US Energy Information Administration. https://t.co/fTwGskrYWH...
Canada Boosts Energy Capacity for Domestic and Export Demand
Excellent meeting with Prime Minister Mark Carney (@MarkJCarney) in Ottawa. We discussed the current crisis in global energy markets and the impressive steps 🇨🇦 is now taking to ensure it can meet the rising demand for energy at home & from its growing...
Microsoft Weighs Abandoning 2030 Renewable Energy Goal As AI Buildout Tests Limits
Microsoft is weighing a delay or abandonment of its 2030 pledge to match every hour of electricity use with renewable purchases, as the AI‑driven expansion of data centers strains power availability. The firm continues to secure carbon‑free projects, notably a...
Texas Beats California in Clean Energy Thanks to Fewer Regulations
Everyone who cares about climate should understand this. Texas, with no pro-climate policies, has blown passed California in clean energy. In large part because Texas has less red tape and makes it easier to build.
Silence From High-Level Sources May Signal Imminent Hormuz Crisis
To be clear: I have no information, on or off the record. But my gut says something may break soon around Hormuz. What has my attention isn’t what sources are saying. It’s which high-level sources have suddenly gone quiet. Sometimes silence is the...
Rising $5‑plus Gas Prices Demand Humanitarian, Economic Action
Second time I've had to fill up the gas tank with prices at or above $5.00/gallon... Would be nice to get this situation resolved for humanitarian reasons - but also the economic ones
BIMCO Warns Project Freedom Pause Spikes Hormuz Risk
BIMCO Warns Abrupt ‘Project Freedom’ Pause Complicates Hormuz Risk Calculus. Oil and other products that come thru the Strait. Can this go on until supply shortage meets demand destruction? https://t.co/R2ZJUtaZxX