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 Inventories Face Record Summer Lows
U.S. gasoline inventories are projected to fall below 200 million barrels by the end of August, the lowest seasonal level since 2014. Morgan Stanley’s base‑case scenario expects stockpiles to reach 198 million barrels, a record low for any time of year, while a more extreme outlook could push them to 190 million barrels. The decline reflects a collapse in imports from Europe and the Middle East after the Strait of Hormuz closure, combined with higher domestic exports and refiners favoring diesel and jet fuel. Consequently, the gasoline‑to‑Brent crack spread could widen to $40‑$50 per barrel, pressuring pump prices.
Offshore Wind Firm that Took Trump Payout Hits a Milestone in Europe
Ocean Winds, the Engie‑EDP joint venture, announced that its 30‑MW floating offshore wind farm off southern France has started delivering electricity to the French grid, marking a key milestone for deep‑water wind technology. The company simultaneously abandoned two U.S. offshore...
Naftogaz to Import More Gas After Massive Russian Attacks
"Naftogaz Group, Ukraine's largest national oil and gas company, has to import additional gas volumes following a large-scale combined Russian attack on its gas production facilities on 5 May. 'Sadly, ballistic missiles have caused severe damage… There have certainly been gas...
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PAIN AT THE PUMPS: Department of Mineral and Petroleum Resources Reduces Diesel Price Hike After Significant Miscalculation
South Africa's Department of Mineral and Petroleum Resources (DMPR) corrected a miscalculation that had initially set the diesel wholesale increase at R6.19 per litre (≈$0.33) to a lower R5.27 per litre (≈$0.28), bringing the price to R31.17/L (≈$1.64). The petrol...
New Coalition Decries 'Parasite' Data Centers Proposed in City of Industry
The City of Industry City Council unanimously changed zoning to permit a battery storage site and future data centers, prompting a large protest by San Gabriel Valley residents. Demonstrators from Rowland Heights, Avocado Heights and surrounding unincorporated areas warned of air‑quality degradation, health hazards,...
Pan Ocean Beats Q1 Forecasts with 24% Profit Rise on LNG and Tanker Gains
Pan Ocean reported first‑quarter operating profit of 140.9 billion won ($95.8 million), a 24.4% increase year‑over‑year, and sales of 1.51 trillion won ($1.03 billion), surpassing market expectations. The surge came from robust LNG and medium‑range tanker performance, highlighting the company’s diversified strategy and KPI‑driven...
Blackstone to Invest Up to $2.34 B for 24.7% Stake in Eurowind Energy
Blackstone Infrastructure has signed a definitive agreement to invest up to €2 bn ($2.34 bn) for a 24.7% ownership stake in Denmark‑based Eurowind Energy. The deal, backed by top-tier advisors, gives the private‑equity giant a sizable minority position as Eurowind scales its...
Marathon Leaning Into Unusual Fuel Voyages During Iran War
Marathon Petroleum leveraged its North American‑sourced crude base to launch a series of unprecedented fuel shipments as the Iran‑related war shut the Strait of Hormuz. The refiner sent ultra‑low‑sulfur diesel from Los Angeles to Australia, naphtha to Asia, jet fuel to...
Self-Charging Perovskite Display Prototype Hits 26.7% Solar Efficiency
A team led by Michael McGehee (University of Colorado Boulder) and Jixian Xu (University of Science and Technology of China) built a reciprocal perovskite diode that delivers 26.7% certified stabilized power‑conversion efficiency as a solar cell and about 31% external...
Denmark Halts New Data‑Center Grid Connections Amid 60 GW Queue
Denmark’s state‑owned grid operator Energinet has placed a three‑month moratorium on all new data‑center grid connections after a 60‑gigawatt queue, nearly nine times the country’s 7‑GW peak demand, forced a pause. The move targets roughly 14 GW of AI‑driven data‑center projects...
Defiance AI Power Infrastructure ETF Hits $500M AUM, Wins 2026 ETF.com Thematic Award
Defiance ETFs announced that its AI & Power Infrastructure ETF (Nasdaq: AIPO) surpassed $500 million in assets under management in under ten months and was crowned Best New Thematic ETF at the 2026 ETF.com Awards. The fund, launched July 24, 2025,...
Venezuela’s Oil Rebound Shows Why the Petrodollar Is a Logistics System
Venezuela’s oil exports rose 14 % in April to 1.23 million barrels per day, the highest level since 2018, after U.S. Treasury’s General License 50A reopened legal channels for U.S., Indian and European buyers. The rebound reflects the re‑activation of a complex logistics...
Ontario's $9.8B Transmission Plan Targets Toronto Grid Bottleneck
Ontario’s Independent Electricity System Operator (IESO) is drafting a $9.8 billion transmission plan to address a looming grid bottleneck in the Greater Toronto Area. Peak demand could rise from today’s 23‑24 GW to as high as 40 GW by 2050, driven by electrification...
2026 Ethanol Exports Remain on Pace to Shatter 2025 Record
U.S. ethanol exports in the first quarter of 2026 reached 639.8 million gallons, a 20% increase over the 2025 record pace. March alone saw 217.8 million gallons shipped, up 4% from February, driven by strong demand from Canada, the European Union and...
Fed's Barr Says Gas Prices Could 'Bleed' Into Inflation
Federal Reserve Governor Michael Barr warned that the ongoing Iran‑Israel conflict could push gasoline and fertilizer prices higher, potentially feeding broader inflation. He noted that U.S. natural‑gas markets are relatively insulated because they are not fully integrated into global markets,...
Arizona Solar + Storage Project Comes Online to Benefit California Utilities
The 111‑MW Sun Pond solar farm with 340 MWh of battery storage is now operational in Maricopa County, Arizona. Developed by Longroad Energy and built by McCarthy, the project supplies power to California utilities Ava Community Energy and San José Clean Energy...
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Batteries Charging Forward Across Western U.S.
Cost‑competitive utility‑scale battery energy storage systems are rapidly expanding across the western United States. ERCOT, CAISO and the rest of the Western Interconnect, which host 52% of U.S. solar capacity, already hold nearly 90% of operational BESS capacity and are...
This 2.5 GW Collaboration Aims to Advance the First ‘Gas-Plus-Nuclear’ Plant
Blue Energy and GE Vernova have announced a strategically paired 2.5 GW gas‑plus‑nuclear collaboration aimed at creating the world’s first combined‑output plant in Texas. The project will pair GE Vernova’s Hitachi Nuclear Energy BWRX‑300 small modular reactor with two 7HA.02 gas...
Daily Energy Report
Goldman Sachs warned global oil inventories are sliding toward an eight‑year low, now around 101 days of demand and projected to fall to 98 days by the end of May. The decline follows geopolitical shocks, including Iran’s attack on Hormuz...
Mysterious Trader Buys $56 Million in Oil Ahead of UAE Attack
John Lothian News is rolling out “Auditions,” a new JLN Topic Page that will serve as a showcase for market‑related entertainment content creators. The platform will host scripts, documentaries, books, and poems that blend finance themes with storytelling. Its inaugural...
Oregon Department of Energy Announces $1.1 Million in Re-Purposed Funding for Solar and Storage Rebates
The Oregon Department of Energy is reopening its solar and storage rebate program on June 15, 2026, using $1.1 million repurposed from administrative savings and cancelled projects. Homeowners can receive up to $5,000 for solar installations, $2,500 for storage, and low‑income...
Is It Time to Tax the Oil and Gas Industry’s Windfall?
U.S. gas prices have hit four‑year highs as the Iran conflict boosts oil and gas earnings, with BP touting an "exceptional" Q1 and TotalEnergies reporting $5.4 billion in net profit. A coalition of European finance ministers and several U.S. Democrats are...
Energy Market Outlook: Midstream Resilience & the Nuclear Renaissance
Energy has become the best‑performing sector in the S&P 500 in 2026, delivering over 30% total‑return as oil prices surged amid Middle‑East tensions. Midstream operators and master‑limited partnerships, insulated from commodity swings, are offering yields near 7% and are positioned to...
Norway Just Switched on Another Gas Lifeline for Europe
Equinor has brought Norway’s long‑idle Eirin gas field into production, adding roughly 27.6 million barrels of oil‑equivalent of gas to Europe’s supply. The project was approved in early 2023 and began output within three years, costing about NOK 4.5 billion (≈$495 million). By tying...
Crude Oil Plunges Amid U.S. Measures To Restart Traffic Across The Strait Of Hormuz
Crude oil prices tumbled on Tuesday after the United States launched “Project Freedom,” a naval operation aimed at reopening the Strait of Hormuz. The move eased supply‑risk fears, sending June WTI down $3.80, or 3.57%, to $102.62 a barrel. U.S....
Shell Nears Launch of Estimated $1.17B Holland Green Hydrogen Project
Shell is preparing to launch Holland Hydrogen 1, a 200‑MW green hydrogen plant on the Maasvlakte 2 site in Rotterdam, slated to become Europe’s largest renewable hydrogen facility. The $1.17 billion project can produce 60,000 kg of hydrogen per day and is already linked...
The Iran War Sent Jet Fuel Prices Sky-High. Here's What Air Travelers Should Know
Jet fuel prices have roughly doubled since the start of 2024, a surge tied to the Iran conflict that has already forced Spirit Airlines into bankruptcy. Delta announced it will stop providing snacks and drinks on domestic flights under 350...
Competition Bureau Challenges Keyera's Natural Gas Deal, Says It Could Harm Energy Producers
The Competition Bureau has moved to challenge Keyera Corp.'s proposed $5.15 billion acquisition of Plains All American's Canadian natural‑gas‑liquids (NGL) business and select U.S. assets. The bureau argues the deal would shrink competition at the Fort Saskatchewan hub, Canada’s primary NGL...
The View Inside California's Last Nuclear Power Plant
Diablo Canyon, perched on the cliffs of San Luis Obispo County, remains California’s sole operating nuclear facility. The plant generates roughly 9% of the state’s electricity, feeding millions of homes and businesses. State regulators and utilities are negotiating its shutdown, with a...
Zap Energy: The First Fission-Fusion Company
Zap Energy announced it will develop a hybrid fission‑fusion reactor, positioning itself as the first company to blend the two technologies. The firm argues this approach can achieve net‑positive energy faster than traditional magnetic or laser‑inertial fusion designs. A recent...
Colorado, Wyoming Team Up to Accelerate Carbon Storage Permits
Colorado announced our new partnership with Wyoming today to strengthen coordination on permitting for carbon storage projects that may cross state lines. Our agreement helps speed up permitting, supports cleaner air, and protects property rights—while ensuring we work together to...
Trump’s Project Freedom Risks Bypassing Iran’s Strait
VIDEO COLUMN: Can President Trump’s new ‘Project Freedom’ unblock the Strait of Hormuz? I take a look at his high-risk, high-reward shipping plan, trying to circumvent Iran’s grip on the crucial waterway. @Opinion https://t.co/u6if9l4171
‘If This Isn’t the Time to Grow:’ Diamondback Lifts 2026 Production, Capex Targets
Diamondback Energy raised its 2026 production guidance by about 3% to a new baseline of 521,000 b/d and increased its capital‑spending target to $3.9 billion. The company will add 2‑3 rigs and a fifth completion crew to accelerate Midland Basin development and...
Virginia Bets Carbon Pricing Will Cut Power Bills
Can a carbon price lower power bills? Virginia is betting yes. #energysky -- via Canary Media: https://t.co/2AseWbHnPZ
Dutch Grid Tariffs Spark Concern Among Energy Producers
Energy industry concerned at Dutch grid tariff plans for large electricity producers #energysky -- via pv-tech: https://t.co/6m748kDlzQ
Ruto Makes Case to Tanzania for Tanga Refinery
Kenyan President William Ruto used his Tanzania visit to promote a regional oil refinery in Tanga, seeking financing from Nigerian mogul Aliko Dangote. Tanzanian officials initially reacted cautiously, but Ruto’s business forum and parliamentary address secured broader political openness. The...
Solar and Storage Offer Strong Infrastructure Investment Returns
The infrastructure investment case for solar and storage #energysky -- via pv magazine usa: https://t.co/3cKVeoW1Pe
Low-Power Ride-Through Enables Continuous Green Hydrogen Production
Low-power ride-through tech keeps green hydrogen flowing in standalone PV–electrolyzers #energysky -- via pv magazine global: https://t.co/Mf1r5ddXqF
Global Oil Reserves Plunge at Record Pace as Middle East War Strains Supplies
Global oil inventories shrank by a record‑fast 12 million barrels in a single week, the steepest drawdown since 2020. The ongoing Middle East conflict has knocked roughly 1 million barrels per day of regional output off the market, tightening supplies further. In...
Turning Wastewater Into Feedstock, Fueling a Sub‑Fossil Future
excited about this. wastewater becomes feedstock. biomass becomes fuel. industrial chemistry inverts. @jared_western is an absolute maniac. proud to be backing him early. the future of fuels, chemicals, and materials is sub-fossil cost.
UN Considers Hormuz Sanctions Amid US Push for Forceful Resolution
U.N. Weighs Hormuz Sanctions as U.S. Pushes Resolution That Could Open Door to Force https://t.co/CT043TrOfi
Global Policy Shifts Reshape PV Inverter Market
The impact of evolving global policies on the PV inverter industry #energysky -- via pv-tech: https://t.co/8H2qtg1QO0
Solar Beats Ethanol‑powered Cars by 500‑to‑1
If you put that ethanol into the combustion engine of a car (that throws ~75% away as heat) and compare it with an electric vehicle, the end result becomes ~500:1 in favor of solar. And solar can go on roofs or...
EU Flags Insecure, Cheap Inverter Software as Security Risk
The inverter (especially its software) is a security risk if nog open source and managed well and it's a relatively cheap component compared to solar panels and battery cells. I'm glad the EU recognizes this.
Energy Retailer Urges Denial of Transmission Cost Recovery Bid
“Should be denied:” Energy retailer slams network bid to recover transmission cost blowouts #energysky -- via Renew Economy: https://t.co/eoa9jFTeDS https://t.co/hxuN2gB7bw
China’s Subsidies Drive Wind Power Dominance
China’s Big Bet on Wind Power Is Paying Off An industrial policy of subsidies and import restrictions laid the foundations for China to become almost as dominant in wind turbines as in solar panels. https://t.co/k9kQUYjyg0
Data Center Costs: Some Already Priced In
Exactly. Some price increases due to data centers -- such as PJM capacity auctions -- are already included in rates. Others costs -- such as local transmission upgrades -- are not because utilities start to recover costs once...
SPX‑WTI Inverse Correlation Plummets After Extreme Low
The 60-day (3-month) inverse correlation between the SPX and WTI dropped from its greatest negative extreme in 13 years (-0.88) in early April to a mere -0.12 today... https://t.co/FyZlAPW12P
US Emissions Falling, but Net‑zero Delayed to 2100
US emissions will likely continue to decline over the next decade even with the partial repeal of the IRA (and the passage of the OBBBA). But the rate of decline puts us on track to get to net zero emissions...
Rising Crack Spreads Boost PSX: Watch for Cup Handle
$PSX Daily. Quality refinery stock. With "crack spreads" rising, and earnings out of the way for this name, makes sense to keep this on watch long. Ideally a few more days of a "handle" forms after "cup." https://t.co/ohiGjv3H4S