Probably the only cases where this would cause an explosion is with nitroglycerin or some sort of set explosive with fragile anti-tamper devices. I could see electrical or fire attacks setting off certain types of explosives on a case by case basis. Otherwise, it seems that Powerbolt and its incarnations are simply a physical kinetic force, a telekinetic effect, which *does something* to the target to damage it. Vibration, stress, pressure, who knows. But as the rules stand and with the all too brief spell descriptions it doesn't seem like it should unduly affect explosives.