Energy Transition, Renewables, Emissions, Carbon
July 8, 2026
ET Highlights: Tesla deliveries rebound in Q2, Europe faces fragile gas supply, Singapore, Indonesia set to finalize Article 6 pact
Energy Transition Highlights: Our editors and analysts bring together the biggest stories in the industry this week, from renewables to storage to carbon prices.
Top story
Tesla beats Q2 forecasts on delivery
Tesla reported rising deliveries of electric vehicles and battery storage in the second quarter of 2026, with both segments rebounding from a year ago.
Tesla deployed 13.5 gigawatt-hours of battery storage in the second quarter, according to the company, marking its second-highest volume ever after a record Q4 2025.
The EV maker's Q2 stationary battery storage deployments increased from 9.6 GWh a year earlier and 8.8 GWh in Q1 2026.
Tesla, which reports Q2 earnings July 22, is seeing strong demand from independent power producers, utilities, data centers and other commercial businesses for its large-scale Megapack lithium-ion battery systems.
In June, developer rPlus Energies, announced the completion of one of the largest battery-backed solar farms in the US, which includes a 400-megawatt/1.6-GWh array of Megapacks.
Also in June, Tesla joined with Sunrun and Renew Home to market more than 16 gigawatts of flexible capacity to data centers and utilities as part of a distributed power plant that includes home batteries and other distributed energy resources.
Tesla delivered 480,126 EVs in the second quarter, up from 358,023 units in the first quarter and 384,122 in Q2 2025.
Benchmark of the Week
$20,000/mt
Platts, part of S&P Global Energy, assessed Lithium Carbonate CIF North Asia prices at $20,000/metric ton on July 7. Prices for the key battery metal have been relatively volatile in 2026 due to supply concerns.
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Europe's gas, power markets brace for heat, supply risks and ETS overhaul in Q3
Soaring temperatures across Europe are poised to reshape gas, power and carbon markets in the third quarter, with meteorologists warning that the 2026 El Niño phenomenon is set to be considerably more intense than in previous years. Europe's gas supply remains fragile due to lingering Middle East tensions, while inventories are well below seasonal norms, all while the European Commission prepares to unveil sweeping reforms to the bloc's flagship carbon market.
Tokyo to subsidize Haneda airport’s domestic SAF prices to same level as jet fuel
The Tokyo Metropolitan Government will subsidize domestic sustainable aviation fuel prices at Tokyo International Airport (Haneda) to the same level as conventional jet fuel prices through an additional program, it said in a statement. The government will give a subsidy of up to Yen 100/liter (62 cents/l) to Tokyo-based suppliers to cover the price difference between domestic SAF and conventional jet fuel under its Emergency Project for Domestic SAF Use and Promotion.
Singapore, Indonesia set to finalize Article 6 carbon credit pact
Singapore and Indonesia are close to finalizing an implementation agreement for carbon credits collaboration under Article 6 of the Paris Agreement, Singapore's Minister for Sustainability and the Environment and Minister-in-charge of Trade Relations Grace Fu told Platts, part of S&P Global Energy. Talks with Indonesia have made “good progress,” Fu said, adding that she is hopeful for favorable news soon.
EWE breaks ground on hydrogen pipeline in northwest Germany
EWE Netz is set to start construction of its 24-km hydrogen pipeline in northwestern Germany to link its Emden electrolyzer to the country’s core hydrogen network at Leer, the company said in a statement on June 30. The H2Coastlink 1 project, which broke ground in Moormerland, East Frisia, will transport around 26,000 mt/year of hydrogen from EWE’s 320-megawatt electrolyzer under construction in Emden when it enters service in autumn 2027.
India's ACME secures IHI, Mitsubishi offtakes for renewable hydrogen derivatives
India's ACME Group has secured long-term renewable ammonia and methanol offtake agreements with Japan's IHI and Mitsubishi Gas Chemical, ACME Chairman Manoj Kumar Upadhyay said. ACME will supply 488,000 metric ton/year of renewable ammonia to IHI from its Gopalpur facility, where the Japanese engineering firm holds a 30% stake, plus Paradip facility. Separately, Mitsubishi Gas Chemical agreed to purchase 100,000 mt/year of renewable methanol from ACME's Paradip plant.