Rephonic
Artwork for Energy Evolution
Renewable Energy
Energy Transition
Electric Vehicles
Inflation Reduction Act
European Union
Nuclear Energy
Decarbonization
Data Centers
Climate Change
Artificial Intelligence
Sustainable Aviation Fuel
Offshore Wind
United States
Clean Energy
China
Natural Gas
Green Hydrogen
Hydrogen
Carbon Border Adjustment Mechanism
Carbon Markets

Interviews, analysis and reporting from S&P Global Energy on energy and commodities' transition to a cleaner future. Host Eklavya Gupte speaks with policymakers, industry professionals and S&P Global Energy in-house experts worldwide on topics related to decarbonization, climate, emerging fuels and energy sources, and the outlook for commodity markets from oil to power to metals. The Energy Evolut... more

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Artwork for Energy Evolution

Latest Episodes

The Texas grid experienced record electricity demand in summer 2026 while posting some of the lowest power prices in nearly a decade. That might be good for customers, but it makes for a tough investment environment if you want to build a gas plant. ... more

In this week's episode of Energy Evolution, host Eklavya Gupte takes stock of the EU's Carbon Border Adjustment Mechanism nearly a year into its definitive phase, and asks a pointed question: Is it working? To answer it, he is joined by Alwyn Hopkins... more

In this week's episode of Energy Evolution, host Camilla Naschert turns the spotlight on Big Tech as part of S&P Global Energy's annual series examining how the world's largest companies are faring on their paths to net-zero emissions. The AI infrast... more

Europe's increasingly digital power system faces a rapidly evolving mix of cyberattacks, physical sabotage and supply-chain vulnerabilities, with artificial intelligence amplifying both the risks and the defenses.

Host Camilla Naschert speaks with... more

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Recent Guests

David Dardis
Chief external affairs and growth officer at Constellation Energy
Constellation Energy
Episode: How much new gas capacity does the Texas grid need?
Elaina Ball
Chief strategy officer at CPS Energy, San Antonio's municipal utility
CPS Energy
Episode: How much new gas capacity does the Texas grid need?
Mason Lester
Principal analyst on the North American power team at S&P Global Energy
S&P Global Energy
Episode: How much new gas capacity does the Texas grid need?
Dan Maleski
Director at the EY Global Tax Center of Excellence specializing in CBAM and carbon pricing
EY
Episode: Inside CBAM's first year: what traders, importers and policymakers learned
Alwyn Hopkins
Director and sustainability leader for Industrials and Energy at EY UK
EY
Episode: Inside CBAM's first year: what traders, importers and policymakers learned
Irina Breilean
Senior carbon price reporter at Platts, part of S&P Global Energy
S&P Global Energy
Episode: Inside CBAM's first year: what traders, importers and policymakers learned
Stefan Modrich
Tech reporter covering sustainability commitments in the tech sector
Energy Evolution (S&P Global Energy)
Episode: AI's power boom tests Big Tech's net-zero promises
Karin Rives
Senior reporter covering US utility sectors for the series
Energy Evolution (S&P Global Energy)
Episode: AI's power boom tests Big Tech's net-zero promises
Kristian Ruby
CEO of Eurelectric
Eurelectric
Episode: AI-powered threats put Europe's power system on high alert

Hosts

Eklavya Gupte
Host of Energy Evolution; affiliated with S&P Global Energy
Dan Testa
Co-host for Energy Evolution, long‑time host and reporter

Reviews

4.5 out of 5 stars from 76 ratings
  • Great content, would be better with less politics

    I understand the target demographic and many hosts / guests likely lean to the left, and I appreciate the informative content nevertheless.

    However, S&P Podcasts consistently and blatantly support democratic agendas and policies, and alienate the moderate majority and republicans.

    Please do better about prompting guests with politicizing / hot button questions, and market the content to be more neutral or centrist. If we want bipartisan support for the energy evolution, stop marketing solely ... more

    Apple Podcasts
    3
    Picturelover69
    United States2 years ago
  • As a retail investor and trader…

    This is information packed without a lot of political griping earmarking other energy podcasts (often triggering ad nausea switch away) never getting close to your production standards.

    As a comedian, production standards are my lifeblood.

    The quality of the information is as good as I have heard anywhere, and in the wrap, please keep ‘em coming, and I will listen.

    Recommending green investment to other comedians is about as effective as speaking to the financial IQ of the average person in O... more

    Apple Podcasts
    5
    TheLoneComic
    United States3 years ago

Listeners Say

Key themes from listener reviews, highlighting what works and what could be improved about the show.

Insightful analysis that cuts through jargon, with strong data context.
High-quality interviews with practitioners and policymakers, offering practical takeaways for sponsors and guests.
Occasional political tilt; listeners seek balanced coverage across policy divides.

Chart Rankings

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Talking Points

Recent interactions between the hosts and their guests.

Inside CBAM's first year: what traders, importers and policymakers learned
Q: How different is 2027 gonna look like?
Dan Maleski expects 2027 to be defined by cash flow. Importers will begin buying CBAM certificates and may have to meet quarterly thresholds based on default emissions values, requiring substantial upfront spending before they receive payment for forward sales.
Inside CBAM's first year: what traders, importers and policymakers learned
Q: What would you say are some of the most significant developments you all have witnessed while covering CBAM this year, especially on which sectors or markets have felt the sharpest impact, and has the reality of implementation matched some of what the industry was expecting?
The guests describe complexity in determining product-specific emissions, widespread reliance on costly default values, and resulting premiums that have weakened or eliminated imported steel's former price advantage. They also highlight compliance and supply-chain reporting challenges.
How much new gas capacity does the Texas grid need?
Q: How does the TEF loan play a role in evaluating moving forward with a project like that? What does it mean for the economics? Does it make the difference between a project penciling out or not?
David Dardis says the Texas Energy Fund helped support financing and was an important part of the economics for Constellation's 460-megawatt Pinnock Creek gas plant, while cautioning that subsidies for peak demand can affect existing assets.
How much new gas capacity does the Texas grid need?
Q: So what's going on? Is this a success story or is there something more complex happening? What happened this summer? Tell us about where ERCOT is headed.
Mason Lester describes record demand, low prices and no emergency events as a successful summer, enabled in part by rapid additions of solar and battery storage. He cautions that low prices weaken the investment signal for new gas generation.
Checking in on US offshore wind: Lease buybacks and legal blowback
Q: Noah, what did you find out there on the ground about these buyouts?
The March total-energy buyout sets a pattern where developers are reimbursed for their lease costs after canceling projects, and more players have followed suit, bringing up questions about legality, financial risk, and the broader impact on future offshore wind pipelines.

Audience Metrics

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Frequently Asked Questions About Energy Evolution

What is Energy Evolution about and what kind of topics does it cover?

Industry-focused discussions on energy transition, policy, and market dynamics across oil, power, and commodities. Episodes frequently center on grid evolution, market reforms, storage, and decarbonization strategies, often featuring senior executives, policymakers, and researchers from global energy players and think tanks. A standout pattern is the blend of practical market insight with policy context, including regional case studies (US, Europe) and emerging technologies like storage and demand flexibility. This mix makes it useful for listeners who want to understand how energy transitions unfold in real markets, with a bias toward data-driven analysis and governance implications rather than pure advocacy. Potential listeners should fin... more

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These podcasts share a similar audience with Energy Evolution:

1. Energy Gang
2. Switched On
3. Catalyst with Shayle Kann
4. Interchange Recharged
5. POLITICO Energy

How many episodes of Energy Evolution are there?

Energy Evolution launched 7 years ago and published 374 episodes to date. You can find more information about this podcast including rankings, audience demographics and engagement in our podcast database.

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What guests have appeared on Energy Evolution?

Recent guests on Energy Evolution include:

1. David Dardis
2. Elaina Ball
3. Mason Lester
4. Dan Maleski
5. Alwyn Hopkins
6. Irina Breilean
7. Stefan Modrich
8. Karin Rives

To view more recent guests and their details, simply upgrade your Rephonic account. You'll also get access to a typical guest profile to help you decide if the show is worth pitching.

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