Today's Energy Pulse
Scania pilots vehicle‑to‑grid charging for heavy‑duty electric trucks
Scania demonstrated one of the first vehicle‑to‑grid (V2G) systems for heavy‑duty electric trucks using the Megawatt Charging System (MCS). The pilot showed bi‑directional power flow, letting trucks feed stored electricity back to the grid while parked at depots. Real‑time communication between the truck, charger and energy‑management platform enabled dynamic charging and discharging.
Also developing:
Bakers Hughes Total Rig Count 758 in the Current Week, Up 5 for the Week
U.S. oil rigs climbed to 425 and total rigs rose to 558, adding seven units this week. Crude oil traded at $96.35, hovering just below the 100‑hour moving average of $100.74, indicating modest bearish pressure. Commercial crude inventories dropped 7.9 million barrels to 445 million, a larger draw than analysts expected and now sit about 2 % below the five‑year average. The Strategic Petroleum Reserve released a record 9.9 million barrels, cutting its balance to 374.2 million barrels, further tightening the market.
India Leans on Coal as Severe Heatwave Drives Record Power Use
India’s scorching May heatwave pushed electricity demand to a new record of 270.8 GW, the fourth consecutive day of all‑time peaks. Coal‑fired plants supplied about 62% of the power, while solar accounted for 22% and wind and hydro each 5%. Temperatures...
India Generates Record Power as Demand Surges in Severe Heat Wave
India’s power grid set a new record on May 23, 2026, delivering a peak demand of 270.82 GW as an extreme heat wave pushed temperatures to 45.3 °C in New Delhi. The surge marked the fourth consecutive day of all‑time highs, driven largely...
Schroders Greencoat Acquires Dutch Biomethane Platform APF Energy to Boost Renewable Gas Portfolio
Schroders Greencoat has bought 100% of APF Energy, a Dutch biomethane platform with six assets—three operating and three under construction—plus a late‑stage pipeline. The deal, sourced from SWEN Capital Partners, deepens the fund’s renewable gas footprint in Europe and underscores...
TREX Oil & Gas Launches Acquisition Vehicle to Target Bakken Core Assets
TREX Oil & Gas announced the launch of TREX Oil and Gas I, LLC, a private acquisition vehicle aimed at buying mineral rights, royalties and producing wellbores in the Bakken formation of North Dakota and Montana. The move expands the...
Funding Friday: Public Markets > Private Investment
This week’s climate‑tech financing mix shows public markets gaining traction alongside traditional venture capital. European startup REPS secured $23.6 million to embed hydraulic plates in roadways, converting braking energy into electricity. Nuclear‑reactor pioneer Deep Fission announced a Nasdaq‑bound public offering at...
Ballard Stock Surges Over 20 Percent: Hydrogen Bus Fleets in Cottbus and Krefeld in Germany Drive Commercial Operations Forward –...
Ballard Power Systems is deepening its foothold in Europe as its FCmove‑HD fuel‑cell modules are installed in hydrogen buses for the cities of Cottbus and Krefeld. In Cottbus, Wrightbus‑built Kite Hydroliner buses entered regular passenger service, while Krefeld’s SWK Mobil is...
Deals of the Week: Suzlon, Vestas, NextEra, Dominion, Statkraft
The week’s headline was the $67 bn merger between NextEra Energy and Dominion Energy, creating a new wind‑focused utility giant. The deal underscores a surge in U.S. renewable power purchase agreements (PPAs), with Spain also emerging as a hot market. Parallel...
Oil Markets Ignore Red Flags as Global Energy Crisis Deepens
Global oil markets remain under pressure as a historic U.S. inventory drawdown failed to lower Brent, which stays near $105 per barrel. OPEC+ members are set to raise output by 188,000 barrels per day despite a 10‑million‑barrel decline from Gulf...
Could Sodium Replace Lithium as the Dominant Ingredient in Batteries?
Researchers at the University of Limerick have created a dual‑cation battery that blends sodium and lithium ions. Adding a small amount of lithium salt to a sodium‑dominant electrolyte doubled the half‑cell’s storage capacity and sustained 1,000 charge‑discharge cycles at higher...
IKM Aconan to Deliver Drilling, Well Services for Vår Energi
IKM Acona secured a four‑year framework agreement with Norway’s Vår Energi to provide drilling and well services on the Norwegian Continental Shelf, with two optional two‑year extensions. The contract covers a full suite of on‑shore engineering and advisory support, from...
Giant NextEra-Dominion Merger Should Be Met with ‘Caution’ to Avoid Rate Increases, Groups Warn
NextEra Energy and Dominion Energy announced a merger that would create the world’s largest regulated power company and the biggest utility in the United States, spanning Florida, Virginia, North Carolina and South Carolina. Advocacy groups such as Secure Solar Futures,...
NYSE, Crypto Exchange to Offer No-Expire Oil Futures
Intercontinental Exchange (ICE), the owner of the NYSE, is partnering with crypto exchange OKX to launch perpetual oil futures tied to Brent and WTI benchmarks. Unlike traditional futures, these contracts never expire, allowing continuous exposure without physical delivery or roll‑over....
Australia’s Biggest Wind Project and 8 Battery Hybrids Among 19 Winners of Largest CIS Renewable Auction
Australia’s latest Capacity Investment Scheme (CIS) auction, Tender 7, awarded 19 projects totaling 7.8 GW of renewable capacity, surpassing the 5 GW target. The biggest winner is Origin Energy’s 1.45 GW Yanco Delta wind farm in New South Wales, while eight projects are wind‑solar‑battery hybrids,...
The Convergence Towards Day-Ahead Markets
The post highlights two converging trends in European power markets: day‑ahead prices have become markedly more volatile, largely due to a surge in solar generation, while short‑term imbalance prices are rapidly aligning with day‑ahead price patterns. Histograms from 2019 to...
US Summer Generating Capacity Increases by 75 GW Since 2025: FERC
The Federal Energy Regulatory Commission reports U.S. generating capacity will rise by roughly 75 GW this summer, led by solar, wind and battery projects, while retirements slow to about 8 GW—more than a 50% reduction year‑over‑year. Regional additions are strongest in ERCOT...
EBRD Lends €70 Million to Slovenian BESS Developer Across Four Countries
The European Bank for Reconstruction and Development (EBRD) has approved a €70 million ($81.3 million) loan to Slovenian battery‑storage developer NGEN Energetske Rešitve. The financing will fund five utility‑scale battery energy storage systems (BESS) across Slovenia, Latvia, Poland and Romania, delivering a...
Blu Label Says It Can Help Fix Municipal Electricity Revenue Problems in South Africa
Blu Label Unlimited’s BluEnergy unit aims to plug South Africa’s municipal electricity revenue leakages by fixing incorrect billing and weak collection, especially among large power users that account for 65% of consumption. Eskom has flagged municipal arrears at roughly R116 billion...
Sungrow to Supply 7.5 GWh Battery System for Abu Dhabi’s First Round‑the‑Clock Renewable Project
Sungrow and Masdar have signed a deal for 7.5 GWh of PowerTitan 3.0 battery storage and 2.6 GW of PV inverters to support Abu Dhabi’s 5.2 GW solar, 19 GWh round‑the‑clock renewable energy project. The agreement, announced in May 2026, aims to deliver baseload...
Will the UK’s Oil and Gas Tax Intervention Shield Consumers From Energy Price Volatility?
UK Chancellor Jeremy Reeves announced a package of tax reforms aimed at preventing oil and gas firms from exploiting the foreign‑branch exemption, which has allowed them to pay little or no UK corporation tax on energy trading profits. The changes,...
Inlyte Energy Plans Pilot Projects to Prove Its Iron-Sodium Battery Technology
Inlyte Energy, a California‑based sodium‑iron battery startup, is launching two pilot projects in 2026 to demonstrate its long‑duration, fire‑safe storage solution for data centers. A 600 kWh system will be installed at Swiss colocation provider NTS, with a potential scale‑up to...
Pinnington Solar Project in Texas Commences Commercial Operations Under Developer Repsol
Repsol Renewables has placed its 825 MW Pinnington Solar Project into commercial operation in Texas, making it one of the nation’s largest single‑site solar farms. The facility, built with over 1.5 million photovoltaic panels, is expected to avoid roughly 1 million tons of...
Scientists Just Found a Massive Untapped Reserve of Energy. It Could Help Power Our Future.
Scientists from the University of Toronto and Ottawa have quantified natural, or "white," hydrogen leaking from boreholes in Canada’s Precambrian Canadian Shield, measuring about 0.008 tonnes (8 kg) per year. Their findings suggest the Earth’s crust could hold enough geologic hydrogen to...
AEP, Other Ohio Utilities Could Own Nuclear Power Plants Under State Bill
Ohio lawmakers introduced H.B. 862, allowing utilities such as American Electric Power and FirstEnergy to own nuclear generation facilities despite the state’s usual ban on utility‑owned power plants. The bill requires a long‑term, customer‑signed power purchase agreement and mandates that...
Monash University Develops New Hydrogen Fuel Cell Membrane for Water-Free Operation at 250°C
Scientists at Monash University have created an ultra‑thin graphene‑boron nitride membrane that lets hydrogen fuel cells run at temperatures up to 250 °C (482 °F) without any water. The membrane uses atomically thin nanosheets infused with nanoconfined phosphoric acid to maintain rapid...
Slovakia Plans to Develop Energy Communities
Slovakia is accelerating the formation of energy communities, with the Slovak Innovation and Energy Agency (SIEA) and the Energy Communities Cluster of Slovakia (KEKS) signing a memorandum of cooperation. Solar power, now exceeding 1.3 GW of installed capacity, is expected to...
Subsea7 Clinches Multimillion-Dollar Deal for Norwegian Gas Export Project
Subsea7 secured a contract valued between $150 million and $300 million with Norway’s Vår Energi to deliver the Goliat gas export project in the Barents Sea. The scope covers engineering, procurement, construction and installation of a 12.7‑kilometre, 10‑inch carbon‑steel subsea pipeline linking the...
Jacobs Selected for Environmental Baselining Work at Oldbury for Potential New Nuclear
Jacobs has been hired by Great British Energy‑Nuclear to deliver environmental consultancy and baseline studies at the Oldbury site in Gloucestershire, a location under consideration for a new nuclear power plant. The scope includes terrestrial and marine data collection, habitat...
Big Shift for Nuclear Laws in South Africa
The South African government issued a gazetted amendment to the 1999 Nuclear Energy Act, inviting public comment for 30 days. The bill strengthens state oversight, formalises Necsa as a Schedule 2 public entity with stricter financial governance, and expands export and...
Spearmint Energy Secures US$450 Million for 600MWh Texas BESS Project
Spearmint Energy has secured a $450 million financing package to build the 300 MW/600 MWh Red Egret battery energy storage system in Texas City, Texas. The deal includes a $225 million construction facility led by First Citizens, Investec and Nord/LB, $96 million of preferred equity from...
GTT to Design LNG Carrier Tank for Hanwha Ocean
French engineering firm GTT secured a contract with South Korean shipyard Hanwha Ocean to design the cryogenic tanks for a new ultra‑large LNG carrier on behalf of a European ship‑owner. The vessel will hold 174,000 cubic meters of LNG and...
EcoLog Hooks up with Kawasaki Heavy on Liquefied Hydrogen Transportation
Peter Livanos‑controlled EcoLog has entered a strategic alliance with Japan’s Kawasaki Heavy Industries to develop liquefied hydrogen (LH₂) maritime transport solutions, including vessels, terminals, and ship‑to‑shore interfaces. The partnership leverages Kawasaki’s expertise from building the world’s first LH₂ carrier and...
EIR Says Qatari LNG Outage Will Shift Gas Market to Deficit
Enverus Intelligence Research (EIR) warns that missile‑induced outages at Qatar's Ras Laffan LNG complex will push the global gas market into a structural deficit, forecasting an 8 billion cubic feet per day shortfall by 2026. The outage removes roughly two billion cubic feet...
On the Right Track: Eni Makes Big Gas Discovery in Egypt's Western Desert
Eni’s Egyptian joint venture Agiba Petroleum announced the Bostan‑1X well as its biggest on‑shore discovery since 2011. The well is estimated to contain roughly 330 billion cubic feet of natural gas and 10 million barrels of condensates, equivalent to about 70 million barrels...
Falling Natural Gas Could Trigger Post‑Inflation Deflation
Natural Gas May Guide Energy Post-Inflation Deflation Natural gas -- the primary US source of heat, electricity and fertilizer -- is down about 10% year-over-year to May 21 and may shape post-inflation deflation patterns for crude, corn, soybeans and wheat. The...
AirPlus Renewables Prepares for UK Launch of XEVA Edge Wind Turbine
AirPlus Renewables is gearing up to launch its XEVA® Edge Wind Tech turbine, a compact, near‑grid turbine designed for decentralized power in dense urban environments. The turbine can be installed in roughly 90 minutes and targets sites such as hospitals,...
Britain’s Grid Comes Closest Ever to Running without Fossil Fuels as Clean Power Surges
Britain’s electricity grid nearly operated without fossil fuels in April 2026, with fossil‑fuel generation dropping below 1 GW for the first time. The shift was powered by rapid growth in wind, solar and battery storage, according to a Drax‑commissioned study by...
New York Awards $6 Million for Vehicle-Grid Integration Projects
New York State’s energy agency NYSERDA has allocated more than $6 million to seven vehicle‑grid integration projects. The funding supports bidirectional charging, managed charging, wireless charging and thermal storage pilots ranging from electric refuse trucks to Manhattan‑based charging platforms. The largest...
Ofgem Unveils Next Phase of UK Electricity Grid Regulation
Ofgem released its ED3 sector‑specific methodology, introducing a "build‑and‑flex" strategy that requires distribution network operators (DNOs) to combine reinforcement projects with flexibility solutions. The regulator argues this hybrid approach will avoid premature, costly network builds and keep consumer electricity bills...
Oil Price Surge Pushes S&P 500 Futures Down 0.4%, Sparking Hour‑to‑Hour Volatility
Brent crude rose 2% to over $107 per barrel and US crude futures broke $100 as Iran’s uranium directive and higher Treasury yields knocked S&P 500 futures 0.4% lower. The move deepened intra‑day volatility across the major US indexes, with...
Iranian State‑Linked Hackers Expand U.S. Critical Infrastructure Campaign
Iranian state‑affiliated groups, including the IRGC‑linked CyberAv3ngers, have broadened a digital assault on U.S. critical infrastructure, shifting to alternative communications like Starlink and deploying destructive wiper malware. Analysts warn the campaign exploits weakened U.S. cyber‑defense resources.
Marex’s NZ Business Selected to Provide OTC Trading Platform to Support Standardized Super-Peak Electricity Contract
Marex’s New Zealand unit has been chosen by the Electricity Authority to run an over‑the‑counter trading platform for the standardized super‑peak electricity contract, supplementing the existing exchange‑traded market. The platform also supports base‑load, peak‑load and bespoke electricity products, aiming to boost...
Eni CCUS Holding Secures $670M Financing for CCS Projects
Eni CCUS Holding secured a financing facility of more than $670 million (about £500 million) from a syndicate of 13 international lenders, surpassing its original funding target. The capital will primarily back the Liverpool Bay carbon capture and storage (CCS) project in...
Fusion Energy Poised for Simpler U.S. Review
The U.S. Nuclear Regulatory Commission is ending the public comment period on a proposed rule that treats fusion energy separately from traditional nuclear fission, with a final regulation slated for this fall. Regulators deem fusion’s risk profile akin to medical...
Cuba Needs a Long-Term Solution to Its Energy Crisis
Cuba’s energy minister announced on May 14 that the island has run out of oil, deepening a crisis that has worsened under tighter U.S. sanctions. Washington pledged up to $100 million in humanitarian aid, but the funds would only cover about...
Nordex Starts Türkiye Blade Production
Nordex Group has opened a 130,000‑square‑metre blade factory in Menemen, İzmir, Turkey, capable of producing up to 1,200 rotor blades a year. The plant will initially supply blades for the country’s YEKA‑4 and YEKA‑5 wind projects and is sized to...
Ofgem Sets Tough New Rulebook for Grid Investment as Electricity Demand Rises
Ofgem has released the ED3 rulebook governing how Britain’s five electricity distribution network operators will plan and fund grid investment from 2028 to 2033. The new framework imposes tighter cost controls, mandatory "build and flex" deployment of smart EV charging,...
Acelen Renewables SAF Biorefinery Project in Brazil Secures US$1.5 Billion, to Start Construction
Abu Dhabi‑backed Acelen Renewables has secured roughly US$1.5 billion in financing to move its flagship sustainable aviation fuel (SAF) and renewable diesel biorefinery in Bahia, Brazil, into construction. The greenfield plant, adjacent to the Mataripe Refinery, will employ HEFA technology and...
Eni Pulls Off LNG Offtake Hat Trick in Southeast Asia
Italian energy giant Eni signed three long‑term LNG offtake contracts for its South Hub and North Hub projects in Indonesia, covering about 2 mtpa of LNG. The deals are tied to gas from the Kutei Basin and will be delivered via...
The Emerging Coalition Challenging Fossil Fuel Politics Outside COP
A coalition of 57 nations representing roughly half of global GDP gathered in Santa Marta, Colombia, to launch the First Conference on the Just Transition Away from Fossil Fuels. Co‑hosted by Colombia and the Netherlands, the group seeks to accelerate implementation...