Grideval Events

Power Grid Corporation of India (POWERGRID) has invited bids to set up five standalone battery energy storage systems with a cumulative capacity of 750 MW/3,000 MWh across multiple locations in West Bengal.

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Discussions covered enhancing grid resilience through transmission expansion, energy storage, and renewable integration to meet rising electricity demand and ensure energy security.

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In a somewhat puzzling market development, oil prices haven't spiked yet to record highs amid the worst supply disruption in history. That's because the market still hopes for a quick resolution to the Strait of Hormuz crisis (for more than three months now), global inventories have offered a supply buffer, the world's top crude importer, China, is staying away from spot purchases, and last but not least, demand destruction is accelerating amid the high prices. Beyond the near-term supply chaos and conflicting signals about the Middle East war,…

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Late last year, when India and Oman officially signed the Comprehensive Economic Partnership Agreement (CEPA), there was no war with Iran cutting off the Strait of Hormuz, and the advanced timing of this now is turning out to be more fortuitous than initially expected. The agreement came into effect on June 1st, just in time to give India access to Oman’s trade routes as an alternative to Hormuz. The pact, ratified by the Omani Sultan in February this year, will see Oman eliminate customs duties on 98% of its tariff lines, giving immediate…

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Rubio added that the Trump administration has not offered Iran sanctions relief in exchange for opening the Strait of Hormuz, with any relief being conditional on nuclear agreements.

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India’s LNG imports are rising amid one of the most expensive Asian gas markets in years, defying the regional pattern of demand destruction that has pushed other buyers toward coal, nuclear and energy conservation. After Qatar shut down natural gas production on March 2 and the Strait of Hormuz closed almost simultaneously, Asia lost roughly 5.5 million-6 million tonnes of LNG supply a month, equivalent to almost a quarter of regional pre-crisis export flows. Asian LNG imports fell to 18.8 million tonnes in April, the lowest since 2020,…

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Analysts have slashed their estimates of India’s oil demand growth this year, with the consumption uptick to be the weakest since the Covid pandemic as the supply crunch and higher fuel prices slow gasoline and diesel demand. Analysts Kpler and Rystad Energy have slashed their gasoline and diesel demand growth estimates for this year by between 30% and 90%, according to figures cited by Bloomberg. Despite the major downward revisions to fuel demand growth in the world’s third-biggest crude oil importer, analysts don’t see this…

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Liam Critchley examines a selection of third-party technologies for preventing thermal runaway events in battery storage systems.

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The Trump administration’s unprecedented assault on wind energy development in the U.S. stands in sharp contrast to its promotion of oil and gas, liquefied natural gas (LNG) production, and microreactor nuclear projects. Agencies have blocked 165 wind projects nationwide while simultaneously spending nearly $2 billion in taxpayer funds to convince energy companies to abandon offshore […] The post Contrasting Trump’s Campaign Against Wind Energy With Promotion of Oil and Gas, LNG, and Nuclear Projects appeared first on POWER Magazine.

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Queensland Investment Corporation has opened a formal call for proposals under the state government's AU$200 million North West Energy Fund.

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High curtailment rates and the national grid operator frequently rejecting renewable power have prompted BlackRock-backed Atlas Renewable Energy, one of the biggest solar power producers in South America, to halt $1 billion in planned investment in Brazil, the company’s chief executive Carlos Barrera told Reuters on Wednesday. “There’s at least … 1.5 gigawatts that we put on hold in Brazil, where we had planned to already start construction,” the executive told Reuters on the sidelines of the SNEC photovoltaic conference…

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Japan will spend an additional $19.4 billion to cushion the inflation blow to Japanese households resulting from the oil and gas export flow disruption in the Middle East. The package, approved by Prime Minister Sanae Takaichi this week, includes a $16-billion reserve fund specifically created for controlling energy commodity prices through additional subsidies, Bloomberg reported. The publication added that the fund will first be used to cap the price of gasoline at the pump. Reuters reported that the money for the additional budget would come…

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This article originally appeared on Inside Climate News , a nonprofit, nonpartisan news organization that covers climate, energy, and the environment. Sign up for their newsletter. Federal energy efficiency rebate programs will no longer cover a switch from fossil fuels to electricity for heating, according to…

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US sodium-ion (Na-ion) battery startup Alsym Energy and domestic manufacturing company Re:Build Manufacturing are partnering to develop commercial-scale battery cell manufacturing capacity in the US.

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The company said that the latest order aligns with its strategic expansion into battery energy storage, which is emerging as a critical component of India’s renewable energy infrastructure.

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Millionen Deutsche zahlen zu viel für Strom und Gas. Eine Verivox-Analyse zeigt: 5,4 Milliarden Euro werden verschenkt. So wechseln Sie sicher.

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Iranian drones and missiles struck Kuwait International Airport overnight, hitting Terminal One, killing at least one person, injuring several others, and causing what Kuwaiti authorities described as significant material damage. Kuwait immediately suspended air traffic, activated emergency procedures, and diverted flights to alternative airports. In what is being viewed as one of the most direct Iranian strikes against Gulf civilian infrastructure since the conflict began, Iran’s Revolutionary Guard said the operation was retaliation…

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Three year deal will see Voltus supply capacity from energy assets to Google operations across PJM grid

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Tightening crude oil supply will lead to consumer behavior changes in the second half of the year as the imbalance with demand pushes inflation higher, the chief executive of Goldman Sachs has warned. Speaking at an industry event in New York, David Solomon suggested consumers are already changing their behavior in response to higher energy prices, and those changes could become more pronounced after July. He added, as quoted by Reuters, that the Fed will likely keep interest rates unchanged because of these developments. “You can see some…

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