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:
The Heat Is On: Decarbonizing Industrial Heat in India and Southeast Asia
Industrial heat generates roughly 14% of global CO₂ emissions, matching the combined output of road, aviation and shipping. The market, currently valued at about $900 billion, is set to exceed $1 trillion by 2030, driven largely by rapid urbanization and industrial expansion in India and Southeast Asia. These regions could see their industrial‑heat market swell to $400 billion by 2050, creating a pivotal window to replace fossil‑fuel boilers with low‑carbon technologies. Policy incentives, renewable‑energy growth, and emerging financing models are converging to accelerate this transition.
An Old Railroad Is Key to U.S.-China Race for Critical Metals in Africa
The United States, Angola and the Democratic Republic of Congo signed a 2023 memorandum to revive the Benguela (Lobito) Railway, aiming to ship Congolese copper and cobalt to global markets via the Angolan port of Lobito. China had rebuilt the...
Solaris to Supply 19 Urbino Hydrogen Buses to SWK Mobil Krefeld in Germany
Solaris Bus & Coach will supply SWK Mobil Krefeld with 19 hydrogen‑fuel‑cell Urbino buses, slated for delivery by 2027. The order comprises nine 12‑metre Urbino 12 and ten 18‑metre articulated Urbino 18 models, expanding a previous 2023 purchase of ten...
Oil Prices Surge Amid Increasing Geopolitical Concerns
Oil prices surged to near‑wartime levels as geopolitical tensions in the Middle East intensified, with the Strait of Hormuz remaining effectively closed. Analysts from Sky Links Capital and Saxo Bank warned that U.S. military options against Iran could prolong supply...
Oil Prices Set to Rise Amid Strait Uncertainty
My comments to CNN as Brent climbed to $125 Thursday afternoon in Asia: Oil prices have “nowhere to go but up,” until the permanent reopening of the strait comes into view, said Vandana Hari, founder of energy market analysis firm Vanda...
Africa Energy Gets More Time to Submit ESIA for South Africa Block
Africa Energy has secured an extension until Nov 4 2026 to file a new environmental and social impact assessment for offshore Block 11B/12B in South Africa. The deadline follows a Western Cape High Court ruling that voided a permit for a neighboring block,...
EDP Chief Warns over Barriers to PPAs
Duarte Bello, EDP’s Europe chief, warned that while power purchase agreements (PPAs) are vital for industrial electrification, high transaction costs, taxes and credit‑risk concerns limit their uptake. EDP’s renewables arm, EDPR, already manages more than 16 GW of long‑term PPAs, but scaling...
Gas Turbine Firms Admit Europe Will Resist Fossil‑Fuel Data Centers
What a STUNNING quote, from a company selling fossil gas turbines at a data centre conference in Europe: “I just think the American market is ahead of us [and] the same thing is going to happen here....it just will take a...
US DoE Moves to Release $430m for Hydropower Upgrades
The U.S. Department of Energy will release nearly $430 million to modernize aging hydropower facilities, covering 293 projects at 212 sites across 33 states. The funding, part of the Maintaining and Enhancing Hydroelectricity Incentives program, aims to upgrade turbines, generators, spillways...
MC Mining Advances Makhado but Shuts Uitkomst
MC Mining is moving ahead with the Makhado hard‑coking coal mine in Limpopo, targeting hot‑commissioning and plant start‑up in May 2026. Backed by Hong Kong‑listed Kinetic Development Group, the project aims for 800,000 tonnes annual output and a 28‑year mine life,...
CIP Warns Europe Has Wrong Market Conditions for Grid Expansion
Copenhagen Infrastructure Partners’ COO warned that Europe’s grid expansion is hampered by outdated regulation, public‑ownership structures, and a weak political mandate, despite an estimated €120 bn ($141 bn) investment need. He highlighted a risk‑return mismatch caused by rising interest rates, which makes...
KB Securities Lists Three Natural Gas ETNs on the Korea Exchange: Long, Leveraged and Inverse
KB Securities launched three natural‑gas Exchange Traded Notes on the Korea Exchange on April 30, 2026. The ETNs track Solactive indices linked to Henry Hub futures and provide 1x linear, 2x leveraged, and –1x inverse exposure. Each note is denominated in won,...
Ohme and VW Expand Home Charging Partnership
Ohme and Volkswagen Group Info Services have launched an official API that links Volkswagen’s MEB‑based electric models to Ohme’s smart home chargers across Europe. The integration lets drivers view real‑time state‑of‑charge data in the Ohme app and automatically shift charging...
Oil Surge on Trump Blockade Warning Tests Stocks’ Resilience
Crude oil prices leapt to a four‑year peak after President Donald Trump suggested a US naval blockade of the Strait of Hormuz could endure for months. Brent crude surged as much as 7.3%, breaking the $126 per barrel mark. The...
Fleet-Level Battery State of Health
A joint report by TÜV Nord and Carly analyzed roughly 50,000 electric‑vehicle battery state‑of‑health (SoH) readings, finding a median SoH of 96% and only 9.9% of cars below the 85% threshold. The study reveals a sharp degradation acceleration after about...
South Australia Begins Construction of 1,000 MWh Battery as 4-Hour Energy Storage System
Alinta Energy has started building the first phase of the Reeves Plains Energy Hub in South Australia, featuring a 250 MW battery with roughly 1,000 MWh of storage. The four‑hour system, constructed by GenusPlus with CATL modules and Power Electronics inverters, is...
Family Office of One of Asia’s Wealthiest Individuals Backs Struggling EV Battery Group in Green Push
A family office linked to one of Asia’s wealthiest families has taken a stake in a listed electric‑vehicle battery platform that has been struggling financially. The infusion of capital is intended to stabilise the company and accelerate its regional joint‑venture...
Oil Price Hits Highest Since 2022 After Report Trump to Be Briefed on New Iran Options
Oil prices surged to their highest level since 2022 after reports that U.S. Central Command prepared a briefing for President Trump on new strike options against Iran. Brent crude briefly topped $126 a barrel (about $119 USD) and WTI rose...
Southeast Asian Field on Track for First Gas in 2027
West Natuna Exploration Limited (WNEL), a Conrad Asia Energy subsidiary, has moved into development of the Mako gas project in Indonesia's West Natuna Sea, targeting first gas in Q4 2027. Following a March 2026 final investment decision, letters of award exceeding $280 million—over...
Spiral Hydrogen Raises €3.4M to Build Green Hydrogen Pilot in Rotterdam
Estonian‑Dutch deep‑tech startup Spiral Hydrogen secured €3.4 million (≈$3.7 million) in pre‑seed funding and grants to advance its bubble‑free rotating electrolyser. The technology routes gases through a porous electrode, achieving over 90% efficiency and promising lower capital and operating costs for green...
Gotion Unveils 5 MW/18.8 MWh Ensclosed Battery Storage System
Gotion High‑Tech unveiled its first Grid Gen2 high‑voltage cascaded storage system, a single‑cabin unit delivering 5 MW of power and 18.8 MWh of energy. The system passed a scientific‑technology appraisal and earned an “international leading” designation. It uses a three‑phase, grid‑forming architecture that...
Iberdrola Posts Higher Adjusted Profit on UK Power Growth
Iberdrola posted an adjusted net profit of €1.87 bn ($2.18 bn) for Q1 2026, up 11.4 % year‑over‑year, propelled by a 72.6 % surge in UK electricity distribution to 14,687 gWh. The Networks segment generated €5.65 bn in revenue, with the UK contribution rising 23.9 % to €715.3 million....
Iran Tensions Push Oil Above $110, Market Volatility Spikes
🇮🇷 Iran Intel Brief | Pre-London ─────── U.S. oil prices surged above $110 per barrel amid potential military action against Iran. Iran maintains hardline stance on Strait of Hormuz control, increasing risk of extended blockade and oil supply disruptions. US Navy intercepted the 42nd...
Bull of the Day: Bloom Energy (BE)
Bloom Energy announced an expanded Oracle partnership to deploy up to 2.8 GW of solid‑oxide fuel cells for AI cloud workloads, marking the largest hyperscaler commitment in its history. The company smashed Wall Street forecasts, reporting $751 million in revenue and $0.44...
The 2026 Energy Crisis and Our Wile E. Coyote Moment
The United States’ war on Iran has triggered a global oil shortage that the IMF says could shave 2 percent off world growth and add 2.3 percent inflation. While oil prices hover around $100 a barrel, the U.S. remains insulated for now...
GPS Renewables Wins EPC Mandate for Ethanol-to-Jet SAF Plant
GPS Renewables has secured an engineering, procurement and construction (EPC) contract from NTPC Ltd to build India’s first ethanol‑to‑jet sustainable aviation fuel (SAF) plant at the NTPC Green Energy hydrogen hub in Pudimadaka, Andhra Pradesh. The facility is designed to...
LGES Reports Net Loss in Q1 on ESS Ramp Up
LG Energy Solution (LGES) posted a Q1 2026 net loss of KRW 944 billion ($636 million), a swing from a KRW 227 billion profit a year earlier. The loss stems from higher costs tied to the ramp‑up of its U.S. energy storage systems (ESS) plant...
IMC’s Solar Plant ‘Powered’ by Green Bonds Inaugurated by CM Mohan Yadav
Indore Municipal Corporation inaugurated a 60 MW captive solar power plant that will supply electricity to its Narmada water‑pumping station. The project, costing about ₹271 crore (≈$33 million), was financed primarily through ₹244 crore (≈$29 million) of green bonds, with a ₹42 crore (≈$5 million) central government...
Siemens Gamesa Offshore CEO on Why There Is a 'Dark Cloud' Over Sector
Siemens Gamesa offshore‑wind chief Marc Becker praised recent European policy pledges to accelerate offshore‑wind capacity, but cautioned that a "dark cloud" still looms over the industry. He highlighted that while new targets could unlock billions in investment, lingering supply‑chain constraints and cost...
'Conflict Costs': Failure to Manage Community Opposition a Material Risk for Renewables Developers
Renewable developers are facing a growing, often untracked risk from community opposition, which can trigger costly delays, redesigns, financing penalties and reputational damage. A recent BusinessGreen study warns that these hidden expenses erode the value of clean‑energy portfolios and can...
New Winter Rates Saved at Least $37M for Massachusetts Heat-Pump Owners
Massachusetts introduced seasonal electricity rates that discount winter power for heat‑pump owners, saving more than 140,000 households about $37 million—roughly $250 per home—between November and March. The rates trim the delivery charge by 4.3 to 7.5 cents per kilowatt‑hour, a relief...
This Oil Shock Will Hit Asia Harder than the 1970s
The recent oil shock stemming from the Iran‑Strait of Hormuz crisis is reverberating across Asia more intensely than the 1970s oil crises. Jet fuel in Singapore has doubled, prompting airlines to trim May schedules by 10‑15%, while Japan’s subsidies only...
Two California Bills Would Push Utilities to Get More Out of Their Grids
California lawmakers introduced Assembly Bill 1975 and Senate Bill 905 to force PG&E, Southern California Edison and San Diego Gas & Electric to measure and improve grid utilization, especially during peak demand periods. The bills aim to shift reliance from...
Baker Hughes Opens Renewable Energy-Powered Subsea Manufacturing Hub in Norway
Baker Hughes has inaugurated a 49,000‑square‑metre subsea services centre and manufacturing hub in Dusavik near Stavanger, Norway. The facility features a 12,000‑square‑metre workshop, multiple testing bays and can replicate pressures up to 22,500 psi, enabling equipment validation for the toughest offshore...
Oil Prices Surge While Renewables Remain Costless
Super techinical energy price action breakdown: Oil: wild upward hemorrhages Renewables: $0.00 for additional sun & wind
Fossil Fuel Capitalism Threatens Humanity’s Survival
“There is inertia in the power and the economy of this archaic form of energy – fossil fuels – that lead to death. Undoubtedly, that form of capital can commit suicide, taking with it humanity and [other] life" TAFF https://www.theguardian.com/environment/2026/apr/29/capitalism-colombia-climate-summit-gustavo-petro
Oil Surge Above $120 Drives Markets as BoE, ECB and Key Data Take Back Seat
Brent crude breached the $120 psychological barrier, reaching a four‑year high as U.S.‑Iran tensions intensify. The rally forces investors to reprice inflation and central‑bank policy ahead of the Bank of England and European Central Bank meetings. Traders now view oil...
Cap Oil Profits as Billions Rise Amid Crisis
There should be a cap on oil company profit margins. People are getting crushed, meanwhile oil companies are reporting record profits in the billions as they cash in on the world’s energy crisis.
Priming the Pump
The world is in its second energy crisis in five years, now in its third month. According to the IEA, 39 economies have rolled out at least one measure to shield households and firms from soaring energy prices. European governments...
Satyajit Das: The Re-Shaping of the Persian Gulf and Energy Markets
Satyajit Das argues that the Israel‑U.S. push against Iran is reshaping Gulf geopolitics and global energy markets. He warns that Gulf Cooperation Council (GCC) states face a stark choice: align with the U.S.‑Israel bloc or negotiate a pragmatic accommodation with...
Webinar: The Battery Rebate Is Changing. Are You Ready?
Australia’s residential battery market is booming, driven by solar‑plus‑storage adoption and a federal rebate that has lowered upfront costs. However, the government plans to tighten the rebate later in 2026, prompting questions about the viability of larger battery systems. Renew...
Renewable Energy Goals Tied to Manufacturing Capability and Supply Chain Reform in Australia
New research from Adelaide and Flinders Universities warns that Australia’s renewable energy targets could be jeopardized by weak domestic manufacturing and fragile supply chains. The study, published in the Australasian Journal of Environmental Management, cites dependence on imported components, grid...
Hokuriku Electric FY2026: Shika Nuclear Restart Highlights
Hokuriku Electric just dropped their FY2026 earnings. Key takeaways: nuclear restart updates at Shika plant and full-year financials. Always worth a look for energy market watchers. HokurikuElectric
Market Bets on 2026‑27 Lithium Prices, Ignores LT Re‑rating
From a private discussion yesterday in the eucalyptus tree Market seems to believe in 2026/27 lithium prices but not re-rating “LT pricing” yet Plus the usual Aussie premium for assets in the homeland https://t.co/7gAh4ZnV41
Long-Awaited Review of Ofgem Puts Forward Reforms to Modernise Regulator
The UK Department for Energy Security and Net Zero released a review proposing sweeping reforms to modernise Ofgem, the energy regulator created in 2000. The plan calls for an outcome‑based Strategy and Policy Statement, a shift to three equal principal...
China Eases Fuel Export Ban for Select Asian Buyers
Important development: China has given state-owned refiners the green light to export some gasoline, diesel and jet-fuel to a handful of regular customers (in Asia), signaling the country is effectively easing an earlier ban on shipments.
2026 European Shock Driven by Oil, Not Gas
CHART OF THE DAY: The 2022 European energy crisis was mostly about natural gas and electricity prices. The shock of 2026 is (in Europe) largely about oil. EU power markets remain largely stable (📉⤵️). A key reason is that France is...
Shipping Stagnation Deepens Energy Crisis Chaos
I'd feel much more comfortable "looking through" this energy crisis if shipping was flowing again through the Strait - even if we would still face months of choas - but even the FLOW hasn't resumed. This is becoming an intractable...
China's Top Solar Maker Aims to Match Battery Scale
China’s biggest maker of solar equipment wants to grow its batteries business to a similar size https://t.co/GrUSgFU3Ap
India Shifts to Venezuelan Crude, Reducing Iraqi Imports
🇮🇳🇮🇳🇮🇳 12 million barrels of Venezuelan crude are sailing to India on 6 supertankers. This should replace a good chunk of the Iraqi oil India used to import Map form @Kpler