Energy Transition

Boca Raton – September 15, 2026 -- The national average price of diesel hit an all-time high of $5.85 a gallon on September 4, 2026, according to AAA, then climbed further to $5.9015 three days later, surpassing the previous record set in June 2022.

Diesel prices have risen more than 50% since the outbreak of war with Iran

A year ago the same gallon cost $3.71; on the eve of the conflict it cost $3.76. Six months of disrupted tanker traffic through the Strait of Hormuz and crude trading near $90 a barrel have added more than two dollars to a fuel that powers freight, agriculture, construction and a large share of the country's backup and off-grid electricity.

Gothenburg – September 15, 2026 -- Volvo Group will develop an energy park near its planned Mariestad battery cell production site, initially providing approximately 70 MW/260 MWh of battery storage capacity, making it one of the largest energy parks in Sweden.

Volvo Group commits to 70 MW/260 MWh storage capacity as first development phase

The energy park will grow along two parallel tracks: a large-scale battery storage facility using Volvo Battery Energy Storage Systems (BESS) from Volvo Energy, and a future test bed for developing new energy solutions. The facility is expected to become operational during 2027.

Brussels – September 15, 2026 -- Committed investment in clean hydrogen has surpassed USD 130 billion globally, backing 6.9 Mtpa of capacity across more than 570 projects, according to the Hydrogen Council's Global Hydrogen Compass 2026 report co-authored with McKinsey & Company.

Ninety percent of tracked projects are already under construction or operational

Global operational capacity nearly doubled over the past year and is projected to double again in 2027 as projects under construction come online, the report states. The analysis draws on data from over 570 projects and perspectives from roughly 70 global CEOs.

Zurich – September 15, 2026 -- ABB and the Boston Consulting Group (BCG) have released a joint report concluding that 800-volt direct current (DC) distribution is emerging as the reference architecture for next-generation artificial intelligence data centers, as surging computing loads push conventional AC power infrastructure to its practical limits.

The report, titled "The Strategic Case for Hybrid AC/DC Power: Shaping the Transition to the Next Electrical Architecture," argues that decisions made by business leaders and policymakers over the next two to three years will determine which players shape the shift toward hybrid AC/DC grids and which merely inherit it.