Since the release of Beyond Light, the exotic Titan gauntlets "Ashen Wake" have not been properly triggering 100% of the time on kills. Roughly 25-50% of the time, no grenade energy will be refunded on a kill- this issue remains consistent during both PVE and Crucible matches. For an idea of what is supposed to happen, each red bar enemy killed with a solar fusion grenade is supposed to refund 25% of grenade energy; yellow bars refund 50-100%, depending on who they are. Guardians in Crucible are supposed to refund 100% of energy on final blow with a fusion grenade, unless your own character is killed before/during the fusion kill. Unfortunately, these energy refunds simply don't happen a large amount of the time.
If you've also run into this issue recently please weigh in! I believe it's very similar to the recent bug that Dunemarchers experienced.
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This is a well-known issue. It happens because of the way projectiles work in the game. I don't believe Bungie currently has attention to this matter. Sorry. It may not be changed in the near future.