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:
Brent Crude Is Up 85% Since January. OXY, XOM, and CVX Are Playing It Very Differently.
Occidental Petroleum (OXY) posted first‑quarter 2026 earnings of $1.06 per share, far surpassing the $0.59 consensus estimate, yet management says results could have been stronger. The surge in Brent crude, up 85% year‑to‑date, arrived late in the quarter, limiting the benefit for all three majors. Hedging activities hurt ExxonMobil (XOM) with a $700 million earnings drag and Chevron (CVX) with a $2.9 billion charge, while Oxy avoided downstream weakness after selling its refining assets.
US BESS Projects Accelerate with OCI, MN8, GridStor, Grenergy
US ROUNDUP: BESS project advancements from OCI Energy, MN8 Energy, GridStor, Grenergy #energysky -- via Energy Storage News: https://t.co/dkUdGhAbvd
Trump Promises Imminent Iran Deal and Hormuz Reopening
🚨🚨🚨Latest on U.S.-Iran talks: President Trump says a deal will be announced “shortly” and the Strait of Hormuz will be “opened.” https://t.co/UoaHVyfrCf
Enlight Renewable Energy Aims for $2.1 B AI Data‑Center Revenue by 2028
Enlight Renewable Energy used its 2026 Investor Day to unveil a plan to reach a $2.1 billion annual revenue run rate by 2028 by supplying power to AI‑scale data centers. The strategy leans on its 42 GW portfolio and a shift toward...
Indigenous Leader Warns Cobalt Rush Could Echo DRC’s Past Extractive Abuses
At a major cobalt conference in Madrid, civil‑society leader and Ituri Province politician Robert Agenong’a warned that the global scramble for Democratic Republic of Congo cobalt mirrors the extractive abuses that have plagued the country for decades. He said corporate capture...
Hormuz Strait Congestion and Longer‑Haul Trades Reshape Crude Tanker Market
Iran announced that 35 vessels crossed the Strait of Hormuz under a new permit system while Iranian‑linked tankers surged 93% at Kharg Island. At the same time, longer‑haul trades have steadied the crude tanker market, delivering record quarterly profits for...
Norway Doubles Down on Oil and Gas as Europe Scrambles for Supply
Norway announced a renewed push to expand oil and gas output, pledging to reopen three North Sea gas fields by the end of 2028 and keep production near 2025 levels. The move follows supply disruptions caused by the closure of...
Ireland's Hydrogen Cost Matches Morocco, Brazil
The Hydrogen Stream: Ireland’s LCOH on par with Morocco, Brazil #energysky -- via pv magazine global: https://t.co/RbrcmaN4dZ
Four Western States Combine Forces To Kickstart A Geothermal Energy Revolution
Four western states—Arizona, Colorado, New Mexico and Utah—have launched the Mountain West Geothermal Consortium to accelerate geothermal development under the Trump administration’s expanded clean‑energy policy. The group brings together state officials, regulators and industry advisors such as Halliburton, Fervo Energy and...
Oil Supply Tightens Soon Amid US‑Iran Standoff
One of the biggest questions markets have in the standoff between the US and Iran is when the supply crunch in oil really hits. In our latest blog post, @econ_harris and I lay out a timeline for how much oil...
Philanthropy Giants Focus on Africa to Support Nuclear Power
The Rockefeller Foundation and Temasek Trust announced the Global Coalition for Nuclear Philanthropy (GCNP) to channel philanthropic capital toward nuclear energy deployment in Africa. The coalition, joined by foundations such as Blue Horizons and Founders Pledge, aims to build the case,...
Strait of Hormuz Blockade Threatens to Push Brent to $150‑$200, Raising Alarm for Emerging Markets
U.S. officials warned that Iran's closure of the Strait of Hormuz could drive Brent crude to $150‑$200 a barrel, sparking a commodity shock that threatens emerging markets dependent on imported energy. India, which imports 85% of its oil, faces a...
_0.jpg)
Hungary in Talks to Buy 1bn Cubic Metres of Romanian Black Sea Gas Annually
Hungary’s new government is poised to sign a gas supply deal with Romania for up to 1 bn cubic metres per year from the Neptun Deep offshore field, slated to start production in 2027. The volume would cover roughly 20‑25% of...
Amsterdam Bans Fossil Fuel and Meat Ads, First World Capital to Do So
Amsterdam has outlawed public advertising for fossil fuels and meat, effective May 1, making it the first world capital to enact such a dual ban. The move, driven by GreenLeft and the Party for the Animals, follows similar restrictions in Dutch...
Markets Drop WTI 8% Amid Trump's Iran Deal Hype
Bi-polar markets now want to believe Trump's BS that an Iran deal is near WTI futures price fell $8.82 (8%) from $105.42 to $96.60 week ending May 22 #energy #OOTT #oilandgas #WTI #CrudeOil #fintwit #OPEC #Commodities #commoditiesmarket https://t.co/rqluTVxiUT
Europe Just Admitted the Iran War’s Price Shock Isn’t Going Away
European Union officials warned that oil and gas prices will stay above pre‑Iran‑war levels until at least the end of 2027, pushing inflation to 3.1% this year and 2.4% by 2027. Economy Commissioner Valdis Dombrovskis said the energy shock is...
Soaring Energy Prices Are Driving a Home Solar Boom
Rising oil and gas prices after the Iran conflict are driving a surge in residential solar installations across the U.K. and the United States. Falling panel and battery costs, combined with government incentives, have made rooftop PV more affordable, with...
Review Calls AI the Backbone for Renewable Grid Reliability
A review published in Engineering Proceedings argues that artificial intelligence will become central to forecasting, storage and grid control, addressing the reliability gap that limits deeper wind and solar integration. The paper maps AI techniques to every major renewable technology...
ESENTIA Raises $2 Billion via Investment‑Grade Bond, Secures Triple‑Agency Ratings
ESENTIA Energy Development closed a $2 bn senior unsecured bond offering, oversubscribed 4.5 times, and earned Baa3/BBB– ratings from Moody’s, S&P and Fitch. The proceeds retire $2.1 bn of project‑level debt and fund a new $600 m revolving credit facility, marking the Mexican...
Solar Generation Set to Overtake Coal in Texas Grid, ERCOT Reports 2026 Milestone
Texas’s electric reliability council (ERCOT) projects solar power will produce 78 billion kilowatt‑hours in 2026, outpacing coal’s 60 billion kWh for the first time. The surge reflects a decade‑long acceleration of rooftop and utility‑scale solar, while utilities debate whether gas peaker plants...
APSPDCL Speeds up EV Charging Stations for RTC Buses
Andhra Pradesh Southern Power Distribution Company Limited (APSPDCL) is fast‑tracking five electric‑vehicle charging stations to support APSRTC electric buses across Nellore, Kadapa, Anantapur, Kurnool and Tirupati districts. The project, budgeted at roughly ₹15 crore (about $1.8 million), aims for completion by June 20,...
Keystone XL Pipeline Rises From the Grave and Other Oilpatch News
The Keystone XL pipeline, once cancelled after President Biden revoked its permit in 2021, is now back on the table as TC Energy reassesses the project. Energy leaders are weighing an Alberta‑Ottawa agreement that promises new jobs, investment inflows, and a clearer...
Federal Permian Lease Sale Tops $4 Billion in Record-Setting Auction
The U.S. Interior Department announced that a federal oil and gas lease auction covering 33,530 acres in the Permian Basin generated more than $4 billion in combined bonus bids and rentals, the largest on‑shore federal lease sale ever. The sale involved...
U.S. Gasoline Hits $4.24/gal, Prompting 35% Surge in Savings Withdrawals
U.S. gasoline prices surged to $4.24 a gallon, the highest level in over a year, forcing millions of families to tap employer‑sponsored emergency savings. Withdrawals for transportation rose 35% year‑over‑year, while the national personal‑savings rate slipped to 3.6%, underscoring a...
ConocoPhillips CEO Warns Venezuela's 95% Oil Take Threatens Investment
ConocoPhillips chief executive Ryan Lance told Bloomberg that Venezuela’s near‑95% government take and lingering credibility problems make a large‑scale investment push untenable, even as the country’s output climbs to 1.1 million barrels per day. The warning underscores geopolitical risk for a...
Brazil Falls Short of Its Battery Storage Potential
Brazil’s battery‑energy‑storage (BESS) market is projected to exceed 1 GW by 2026, a fraction of the roughly 300 GW expected globally. Industry leaders say the slowdown stems from missing price signals, specific contracting mechanisms, and an undefined regulatory framework. A recent Absae...
EU Understimating Rooftop PV Power Generation
SolarPower Europe says EU rooftop solar output is vastly under‑reported, estimating 410 TWh of electricity generated in 2025 versus the 275 TWh recorded in official statistics. The discrepancy stems from incomplete registration of rooftop installations, delayed data transfers, and the difficulty of...
Blackouts Surge After November 8 Russian Attack
Distribution of blackouts before and after the Russian attack on 8 November 2026 https://t.co/PHOA8P8sKV https://t.co/Kdn4vIz0nn
KDP Meet Rejects Nuclear Plant in Besur; Seeks HC Circuit Bench in Shivamogga
The Karnataka Development Programme (KDP) meeting in Shivamogga voted to block the National Power Corporation’s plan for a nuclear power plant in Besur village, citing long‑standing fears of displacement among residents. The same session adopted a resolution demanding the establishment...
Maharashtra CM Fadnavis Warns Against Black-Marketing of Fuel, Assures Diesel Supply for Farmers
Maharashtra Chief Minister Devendra Fadnavis warned against black‑marketing of fuel and ordered district officials to guarantee diesel availability for farmers amid rural shortages. He highlighted a sudden 20‑30% spike in fuel sales, driven by panic buying linked to the West...
BSPTCL Signs MoU with RECPDCL to Develop Bihar Transmission Projects via TBCB
Bihar State Power Transmission Company Limited (BSPTCL) and REC Power Development & Consultancy Ltd (RECPDCL) have signed a Memorandum of Understanding to develop intra‑state transmission projects through the Tariff‑Based Competitive Bidding (TBCB) route. The partnership aims to modernise the grid,...
Masdar Taps Sungrow for 7.5 GWh Storage in World’s Largest 24/7 Renewable Project
Masdar has signed a deal with Chinese inverter and storage maker Sungrow to provide 7.5 GWh of PowerTitan 3.0 battery storage and 2.6 GW of solar inverters for the UAE’s 1 GW round‑the‑clock (RTC) renewable project. The gigawatt‑scale scheme, co‑developed with Emirates Water and...
Enbridge to Invest $1.2B in 365‑MW Solar, 200‑MW Battery Project Powering Meta’s Wyoming Data Center
Enbridge announced a $1.2 billion investment to build a 365‑MW solar farm and a 200‑MW/1,600 MWh battery storage system in Wyoming for Meta Platforms. The facility, part of the Cowboy Project, is slated to begin service by the end of 2027 and...
Power of Siberia‑2 Pipeline Moves Forward, Cementing Russia‑China Gas Partnership
After a meeting between Xi Jinping and Vladimir Putin, Russia and China accelerated the Power of Siberia‑2 project, a 2,600‑km pipeline costing over $11.5 billion that will supply roughly one‑eighth of China's gas consumption. The deal offers Moscow a new export...
HY Solar Launches 670W TOPCon Modules, 24.8% Efficiency
HY Solar unveils 670 W TOPCon modules with 24.8% efficiency #energysky -- via pv magazine global: https://t.co/nQRZCAKJHC
China Deploys $226 Million Offshore Underwater AI Data Centre Near Shanghai
China has begun commercial operations at the world’s first offshore wind‑powered underwater AI data centre off Shanghai, a $226 million project that houses nearly 2,000 servers and boasts a Power Usage Effectiveness of 1.15. The facility blends renewable energy with seawater...
FERC Says U.S. Summer Capacity Rises 75 GW, Boosting Grid Reliability
The Federal Energy Regulatory Commission announced that U.S. summer generating capacity will be about 75 GW higher than a year ago, the largest year‑over‑year gain in a decade. The increase, led by solar, wind and battery storage, comes as plant retirements...
Home Battery Firm Leverages Australian Manufacturing Edge
“Not just a call centre:” Home battery contender doubles down on Australia-made strengths #energysky -- via Renew Economy: https://t.co/pIsypWlptK https://t.co/WKYIkH9aSI
Artelia Philippines Accelerates PH’s Energy Transition with Integrated Solutions for Sustainable Infrastructure
Artelia Philippines, an engineering and project‑management consultancy, is realigning its services to support the Philippines’ 50 percent renewable energy goal and the $47 billion Build Better More infrastructure pipeline. The firm offers decarbonization, net‑zero and retrofit pathways that span the entire energy...
Dominion-NextEra Merger Puts US Gas in AI Driver's Seat
Dominion Energy and NextEra Energy announced a $66.8 billion merger, creating the nation’s largest utility combination. The deal blends Dominion’s natural‑gas‑centric generation fleet with NextEra’s renewable‑heavy portfolio, positioning the new entity to meet the surging electricity needs of AI‑driven data centers....
Alaska LNG Lines Up Gas Supply, But State Tax Plan Still Elusive
Alaska LNG's prospects brightened after the last major North Slope gas producer signed a 30‑year supply contract for the project's first phase, a 739‑mile pipeline. The deal provides long‑term volume certainty, a key factor for financing a $44 billion liquefaction complex....
Ukraine Says It Targeted Yaroslavl Oil Refinery Again
Ukraine launched another long‑range drone strike on the 300,000‑barrel‑per‑day Yaroslavl oil refinery in central Russia, President Volodymyr Zelenskyy announced. Satellite data showed a fresh heat anomaly, suggesting a blaze, though Russian officials did not confirm damage. The refinery has already endured...
Ukrainian Drones Hit Russia's Syzran Refinery, Sparking Massive Fire
Ukrainian drones struck the Rosneft‑owned Syzran refinery more than 500 miles inside Russia, igniting a large blaze and killing two people. President Zelenskyy said the attack is part of a broader May long‑range campaign targeting Russian oil infrastructure, highlighting Kyiv's...
European Gas Prices Surge as TTF Hits $18/MMBtu, Buyers Clash with Asia
Front‑month TTF futures jumped to €52.565/MWh ($18.21/MMBtu) as European gas inventories lingered at just 36.7% of capacity. With Asian buyers snapping up LNG cargoes, European importers are scrambling for limited supply, tightening the market ahead of the fourth‑quarter restocking window.
US Diesel Hits Record; Energy Security Concerns Surge
🟥US diesel exports at record high: Will US ban exports? 🟥World Bank analysis of Hormuz Crisis on South Asia is flawed 🟥WSJ misreads Hormuz: As they have been doing since the beginning 🟥Windfall profits tax on oil companies: Pros and cons 🟥Indonesia coal: Part...
Wind and Solar Surpass Gas in April Generation
Another first for renewables: Wind and solar outgenerate gas in April #energysky -- via Canary Media: https://t.co/6c62UYs5S5
IDB Invest Supports Acelen Renewables' Fuel Production Expansion in Brazil
IDB Invest has approved a $109 million senior loan to Acelen Renewables for a new sustainable aviation fuel (SAF) plant in Bahia, Brazil. The facility, built next to the Refinaria de Mataripe, will leverage shared logistics to become one of the...
Crude Prices Drop on Iran Negotiation Optimism Amid Ongoing Hurdles
🛢️ OIL & IRAN WAR CONTEXT WEEKLY 🛢️ Crude prices sink once more on renewed Iran War negotiation optimism, though major diplomatic hurdles remain and the oil market continues to hemorrhage supply. Summary below, full report in reply. https://t.co/uJwazpuze5
FERC Just Rewrote the Rules for Natural Gas Infrastructure. Here’s What It Means.
On May 21, 2026 the Federal Energy Regulatory Commission unanimously approved a Notice of Proposed Rulemaking that would overhaul its natural‑gas blanket‑certificate program, the first major change since 2006. The proposal doubles the automatic‑authorization limit to $30 million and raises the prior‑notice threshold...
High-Yielding Energy Names Are on Fire. These Are Wall Street's Favorites
The Iran war has lifted oil prices, reviving demand for U.S. energy infrastructure and pushing master‑limited partnerships (MLPs) into the spotlight. MLPs’ tax‑friendly structure translates into dividend yields near 4%, drawing yield‑seeking investors. The Global X MLP & Energy Infrastructure...