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:
Thailand Walked Into Its LNG Trap With Its Eyes Open – Long Before Hormuz
Thailand’s state power utility has spent roughly $2 billion on availability payments to gas‑fired plants that produced little or no electricity over the past three years. Those fixed fees now add about 0.63 baht per kilowatt‑hour to the 2026 tariff, representing almost a fifth of the base price for households and businesses. At the same time, new long‑term LNG contracts have been signed despite a demand slump and a surplus of under‑utilized capacity. Solar and battery storage costs have fallen below the operating cost of existing gas plants, calling the expansion into further gas capacity into question.
At Long Last, the PJM Interconnection Queue Is Moving Again. Now What?
After a two‑year shutdown, PJM Interconnection has reopened its interconnection queue, launching Cycle 1 with 811 new generation and storage projects representing about 220 GW of capacity. The new process replaces the old first‑come, first‑served model with a “first‑ready, first‑served” approach that...
Scoop: Trump Huddles with Oil Execs as Iran Stalemate Drags On
President Donald Trump convened a meeting at the White House with top oil and gas executives, including Chevron CEO Mike Wirth, to address the energy fallout from the ongoing Iran conflict. Attendees also included senior White House staff and Treasury...
ESMC Calls for Stronger EU Industrial Accelerator Act to Boost Solar PV Manufacturing
The European Solar Manufacturing Council (ESMC) has urged the European Commission to tighten the Industrial Accelerator Act (IAA) to revive the EU solar PV sector. Its five‑point amendment package expands "Made in Europe" procurement to three key components, mandates at...
Bloom Energy Q1 2026 Results: Revenue up 130% – Full-Year Forecast Raised – Stock Hits New All-Time High
Bloom Energy reported Q1 2026 revenue of $751.1 million, a 130% year‑over‑year increase, driven by a 208% jump in product sales to $653.3 million. GAAP operating income turned positive at $72.2 million, reversing a $19.1 million loss from the prior year. The company raised its...
ENG8 Energy Moving Into Commericialization?
ENG8 Energy demonstrated a 100 kW modular unit that uses low‑energy nuclear reactions to generate industrial heat. The prototype consumes roughly 10‑20 kW of electricity and claims to produce several times that amount as thermal energy, which is then converted to steam...
India Spent ₹4.3 Lakh Crore on Energy Subsidies in FY25; Fossil Fuel Support Still Triples Clean Energy
India’s FY 25 energy subsidies reached ₹4.3 lakh crore (≈$51 bn), with electricity subsidies alone at ₹2.41 lakh crore (≈$29 bn). Fossil‑fuel support—led by LPG subsidies—remains about three times larger than clean‑energy aid, which together account for only roughly 10% of the total bill. The International Institute...
Two‑Way UPS Buffers AI Data Center Power Swings
AI data centers' wild power swings are a problem for grid stability. ON.energy's two-way UPS system can help. It acts as a buffer between the data center and the grid, protecting both from the other's fluctuations. https://spectrum.ieee.org/data-center-power-fluctuation?share_id=9434596
Hope Beneath the Headlines
RiverFront Investment Group’s April 2026 Chart Pack notes that the Iran‑driven oil shock pushed Brent above $100 per barrel, prompting a modest S&P 500 pullback while the Fed left rates unchanged. Despite the geopolitical turbulence, the United States’ heightened energy independence has...
Why Did the UAE Leave OPEC?
The United Arab Emirates announced it will leave OPEC effective May 1, framing the decision as a policy move designed to limit disruption for producers and consumers. Energy Minister Suhail Al Mazrouei said the timing minimizes price impact and aligns with rising...
US Seeks to Refund $885m of GIP and CPP Offshore Wind Leases Into LNG Investments
The U.S. government is offering Global Infrastructure Partners (GIP) and the Canada Pension Plan Investment Board (CPP) a refund of $885 million tied to offshore wind leases they secured in 2022. The refund is conditional on the two investors redirecting the...
Up to $9B Nearshore Project on Arctic’s Horizon with Polar LNG Unleashing Alaska’s Gas
Polar LNG announced a near‑shore liquefied natural gas project on Alaska’s North Slope, budgeting $8‑9 billion to produce up to 7 million tons per annum of LNG, with a potential expansion to 21 mtpa. The modular, gravity‑based facility will draw gas from existing...
MISO Capacity Prices Fall as New Supply Outpaces Demand Growth
MISO’s latest Planning Resource Auction saw capacity offerings rise 3.4% to 141 GW, driven largely by 5.6 GW of new accredited resources, more than half of which were solar. Prices plunged across the region, with annualized capacity prices dropping to $116‑$126 per...
How to Build a Better Kind of Nuclear Power? This Side Hustle Might Help.
Zap Energy, a nine‑year‑old fusion startup based in Everett, Washington, announced it is developing a small fission reactor that it expects to bring to market in the early 2030s. The company says the fission design will be cheaper and less...
150 New Fast EV Chargers To Use 100% Renewable Energy
Despite a slowdown in U.S. electric‑vehicle sales, Rivian is expanding its public charging footprint with more than 150 new DC fast chargers slated for Caruso‑managed properties in Los Angeles. The chargers will be powered 100% by renewable sources—solar and wind—ensuring each...
Tanker Experts Digest Impact of UAE Exit From Opec
The United Arab Emirates announced its departure from OPEC, but experts say any impact on the global tanker market will be delayed. Even if the UAE ramps up oil exports immediately, the ongoing war in Iran limits short‑term market shifts....
This War Changes Everything: Are We Ready for Energy Shockwaves From the Strait of Hormuz?
The podcast examines the unprecedented oil supply shock caused by the Strait of Hormuz closure, which has removed roughly 5 million barrels per day from global markets—the largest daily loss ever recorded. Analysts explain how the disruption is driving price spikes,...
UAE Exit From OPEC Signals New Era for Aviation and Tourism
The United Arab Emirates announced its departure from OPEC, signaling a strategic pivot from oil to aviation and tourism as primary growth engines. By exiting the cartel, the UAE hopes to gain flexibility in energy policy that could lower jet‑fuel...
Subsea7, OneSubsea Chosen for FEED at Canadian $12 Billion Oil Project
Subsea Integration Alliance, the joint venture of SLB OneSubsea and Subsea7, secured a front‑end engineering design (FEED) contract from Equinor for the Bay du Nord deep‑water oil project off Canada. Valued at roughly $12 billion, the project sits in the Flemish...
LPG Under Recoveries Likely at ₹80,000 Crore in FY27: ICRA
ICRA warns that India’s LPG under‑recoveries could hit ₹80,000 crore (about $9.6 billion) in FY27 as West‑Asia supply disruptions push international prices higher. The agency also projects the fertiliser subsidy to climb to ₹2.05‑2.25 lakh crore (roughly $26 billion) amid raw‑material cost inflation and an...
OMV Petrom Raises Annual Budget by 23 Percent
OMV Petrom shareholders approved a $2.07 billion capex plan for 2026, a 23% increase over 2025. About 60% of the budget targets the Neptun Deep offshore gas project, which could cost up to $4.68 billion and hold roughly 100 billion cubic meters of recoverable...
Solaris Energy Infrastructure Shares Jump Over 5% on Q1 Earnings Beat
Solaris Energy Infrastructure reported first‑quarter revenue of $196 million, a 79% year‑over‑year increase, and adjusted EBITDA of $84 million. The results beat analyst forecasts and lifted the stock more than 5% in after‑hours trading, highlighting the company’s expanding role in AI‑powered data...
UK Refineries Asked to Maximise Jet Fuel Production Amid Supply Fears
The UK government has asked the nation’s four remaining refineries to maximise jet‑fuel output as the Iran‑Israel conflict threatens to choke supply through the Strait of Hormuz. Energy Minister Michael Shanks warned that global jet‑fuel shipments have dropped to less...
Zambia’s Nkhundye Village Biogas Plant Powers 100 Homes with Cooking Gas and Electricity
The Nkhundye Community Cooperative’s biogas plant is delivering methane for cooking and a small generator for electricity to 100 households in Eastern Zambia. Funded by German development agencies and implemented by the New Apostolic Church Relief Organization, the project illustrates...
Iran-Israel Conflict Sends Brent to $111, EU Faces $600 M Daily Energy Aid Loss
The Iran‑Israel war has pushed Brent crude up 2.8% to $111.26 a barrel, while the European Union now incurs roughly $600 million in daily energy‑aid losses. EU leaders warn the surge could echo past crises and demand tighter targeting of aid.
UAE Leaves OPEC, Boosts Oil Prices and Sparks Rally in Asian Stocks
The United Arab Emirates announced it will quit OPEC on May 1, freeing it to pump up to 5 million barrels per day. The move lifted Brent crude past $110 a barrel and sent Asian equity indices higher as regional oil exporters...
Feds Formalize Enhanced Oil Recovery Tax Credit Flip-Flop in Spring Economic Update
Canada’s spring economic update officially reinstated a tax credit for enhanced oil recovery (EOR) projects, reversing a 2025 budget promise that excluded them. The credit, applicable in provinces with permanent CO₂ storage regulations, is expected to generate roughly $292 million USD...
Why China May Benefit From the UAE’s Opec Withdrawal Amid Iran War Oil Crisis
The United Arab Emirates will leave Opec on May 1, ending its role as the bloc’s third‑largest producer, which accounts for roughly 12% of total output. Analysts expect the move to give China greater flexibility to source more Emirati crude, potentially...
WEEKLY WEBCAST: The Oil Shock & Inflation
The webcast examines why Brent crude hasn’t surged despite the Strait of Hormuz closure, noting limited response from U.S. producers. It links the energy supply crunch to broader inflation, especially through fertilizer shortages that could lift food prices. Analysts argue...
Exploring the Potential for a Buried Grid
Industry leaders are increasingly evaluating underground utilities as a climate‑resilient alternative to exposed power lines and renewable‑energy infrastructure. Burying cables, pipes and other assets can extend service life to 100‑150 years, protect against extreme weather and free surface land for...
Oracle’s Project Jupiter Ditches Gas Turbines for Bloom Fuel Cells
Oracle is redesigning its Project Jupiter AI data‑center campus in New Mexico to run on a 2.45 GW fuel‑cell microgrid supplied by Bloom Energy, eliminating the previously planned gas turbines and diesel generators. The on‑site generation will cut nitrogen‑oxide emissions by about...
Diesel Prices Decline Nationally While Gasoline Costs Rise Across U.S. Markets
Diesel prices slipped nationally this week, with the EIA reporting a 5‑cent drop to $5.351 per gallon, while gasoline climbed 8 cents to $4.123 per gallon. The West Coast saw the steepest diesel decline at 9 cents, whereas the Rocky...
Platform that Turns Ocean Temperature Differences Into Electricity Installed in Spain
Global OTEC, a UK pioneer in ocean thermal energy conversion (OTEC), has installed the first purpose‑built offshore floating prototype at Spain’s Oceanic Platform of the Canary Islands (PLOCAN). The €3.5 million (~$3.8 million) EU Horizon Europe‑funded project includes the deployment of a...
Farm Bill Amendment Pits Big Refiners Against Smaller Operations
Amendment 289, introduced by Rep. Michelle Fischbach, seeks to make year‑round sales of E15 ethanol fuel mandatory under the 2026 Farm Bill. The proposal is backed by a coalition of ethanol producers, big‑farm groups such as John Deere and the...
Another LNG Gig in Lone Star State Lands on Honeywell’s Plate
Honeywell has been selected by Lantern LNG Holding Company to supply end‑to‑end technology and automation for a new near‑shore LNG facility in Matagorda Bay, Texas. The project will produce roughly 12 million tons per annum of LNG across three 4‑mtpa trains,...
Woodside LNG Trading Shielded From Iran War
Woodside Energy reported that its LNG shipments remained unaffected by the Iran‑Israel conflict, thanks to a strategy of securing term shipping contracts. Q1 LNG sales rose to 22 MMboe, up from 20.47 MMboe in the prior quarter, while realized LNG prices were...
Russian Oil Update – New Customers, Improved Well Returns
Russia’s oil sector is rebounding despite a sustained drone campaign, as new‑well economics improve and the buyer pool expands. China, India and Indonesia have become active importers, marking the first widening of Russia’s customer base in years. New‑well break‑even prices...
Aluminum Replaces Copper, BESS Powers Fast EV Charging
I visited Solar & Storage Live in London today. Two major takeaways: (1) We are starting to see substantial substitution from Cu->Al in med voltage cables; (2) There are some really interesting solutions coming to market. One that caught my...
Bill Aims to Swap California Peakers with VPPs
A new bill would help VPPs replace peaker plants in California #energysky -- via Canary Media: https://t.co/aC9RiDROVe
'As Warm as the African Savannah': Chester Zoo Installs Heat Pumps for Zebras, Ostriches, and Antelopes
Chester Zoo has partnered with Mitsubishi Electric to install two 80 kW air‑source heat pumps that keep the zebra, ostrich and roan antelope enclosure at 18‑24 °C, replicating African savannah conditions. The system uses radiant panels for precise temperature control and joins...
Iran's Storage Capacity Far Exceeds Admin's Short‑term Estimates
This is the key calculation here - how much room in floating storage and in onshore facilities. Admin’s calc that Iran will have no room in a few days is clearly just wrong
Refinery Jet and Diesel Peaks Cut Other Outputs, Prices Rise
When oil refineries go "max" jet and "max" diesel, they (necessarily) also reduce output of other products. The market is starting to price it.
US Gas Prices Surge Again Under Trump Administration
CHART OF THE DAY: After a short relief period, US gasoline retail prices have climbed to another high under a Trump administration. (Coincidentally, President Trump met yesterday with oil CEOs. I bet the White House will be soon announcing new...
Electrification Cuts Bills by Spreading Fixed Grid Costs
Interesting talk from Aurora's Dan Monzani on how to cut electricity bills Highlights key role for electrification in cutting unit prices, by spreading fixed investment costs – in grid etc – across a larger pool of demand https://t.co/26RdTambx3
Post-Hormuz Crisis Redefines Global Landscape Forever
Let me repeat what I've emphasized before: The post-Hormuz Crisis world will be radically different from the one we knew before. This is a life changing event for nations, governments, thinkers, businesses, and individuals.
CEO Prioritizes Jet Fuel Over Diesel at Refineries
Total CEO Patrick Pouyanne says the company's instruction to its refineries is "max jet [fuel] first, and then max diesel."
Markets Price Oil, Ignore Systemic Supply Chain Risks
Markets are pricing oil, not the system, writes @annerquaye Chips, chemicals, logistics… all exposed. Markets are calm because nothing’s broken yet. That’s not the same as safe. #Markets #SupplyChains #Semiconductors #Oil #Geopolitics https://t.co/ENxhdTgdv5
Ares Management Secures 32.4% Stake in Rover Pipeline
Energy deal in sight: @ares_management acquires 32.4% stake in Rover natural gas pipeline from @blackstone Read more here: https://t.co/fhhzgS33Eh https://t.co/KVi45YmPMJ
UAE's OPEC Exit Driven by Saudi Rift
Good read on some of the political context, particularly its growing rift with Saudi Arabia, behind the UAE’s exit from OPEC https://t.co/yn0CJC4TLg
OPEC Offers Free, Transparent Data Through Dedicated App
OPEC Secretary General, Haitham Al Ghais, emphasized that OPEC provides free data available to everyone in various means, including a special app. He highlighted that four key words define this publication: 🟥Transparency 🟥Comprehensiveness 🟥Objectivity 🟥Collaboration @OPECSecretariat...