Grideval Events

The European Union could save a lot on LNG imports by 2030 if it achieves its heat pump, solar, and wind installation targets…so much so that the bloc could save twice the gas it imports from Qatar, the Institute for Energy Economics and Financial Analysis (IEEFA) said on Tuesday. IEEFA, which advocates for an accelerated energy transition, estimates that heat pump deployment and increased solar and wind generation reduced the EU's natural gas demand by 8.8 bcm in 2024. That's equivalent to about two-thirds of EU imports of Qatari LNG that…

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Trump's latest comments cooled oil prices, but talks over ending the Strait of Hormuz blockade could prove far more consequential. Hedge Funds Pile Back into Oil as Chokepoint Risks Return - The signing of the US-Iran Memorandum of Understanding triggered one of the largest hedge fund sell-offs for crude futures and options, however the closure of the Strait of Hormuz (and now of Bab el-Mandeb) has made bullishness in vogue again. - Net positions held by hedge funds and other money managers in ICE Brent futures and options rebounded…

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Battery storage developer Viridi has announced a strategic partnership with the Dept. of Energy's Oak Ridge National Laboratory (ORNL) in Tennessee to support research into next-generation utility grid technologies that advance grid resilience and reliability. The post Viridi BESS Installed at Oak Ridge Lab as Part of Grid Technology Research appeared first on POWER Magazine.

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The storage push comes alongside an aggressive capacity addition programme. Since April 2023, 21 GW of thermal power capacity has been commissioned, while 48 GW, including 4.8 GW of stressed projects, is under construction.

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Although the talks aren't meant to put a full stop to the US-Iran conflict, mediators hope that a temporary agreement to reopen the strait would accelerate talks for a more concrete deal.

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The integrated solar and battery storage system is intended to support the country’s clean energy transition by improving grid reliability, strengthening energy resilience and enabling greater integration of renewable power.

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The government of Malaysia has unveiled the next round of its Large-scale solar (LSS) program tender seeking 2.5GW of solar PV co-located with 1.25GW of battery energy storage system (BESS) capacity.

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Hanoi Power Corporation (EVNHANOI) has begun pilot operation of five battery energy storage systems at substations in Hanoi, Vietnam.

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Ilya's AI lab had been using Google TPUs

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The anti-government protests in Libya over power cuts and high electricity bills over the past few days escalated on Tuesday, with protesters entering the Mellitah Oil and Gas complex and threatening to halt gas and fuel supplies for both the domestic and international markets. Libya’s capital Tripoli has been the main stage of protests against the Government of National Unity led by Abdul Hamid Dbeibah. Protesters blocked streets and roads out of the capital earlier this week as a sign of protest against frequent and spreading power cuts…

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More than half a dozen empty supertankers are currently en route to Egypt’s Sidi Kerir port to pick up Saudi crude as the world’s top crude oil exporter is re-routing – again – its export tactics to avoid the new threat for the Middle East’s chokepoints, the Bab el-Mandeb in the Red Sea. Since the Iran-aligned Houthis in Yemen announced last week a blockade on Saudi shipments in the southern Red Sea and Bab el-Mandeb Strait, Saudi Arabia has been shuttling more crude from Yanbu to the Egyptian port of Ain Sukhna on…

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Though Iran continues to attack vessels as leverage in its war with the United States, data show that several shippers continue to transit the waterway.

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Japan is planning to join the rush to diversify oil export routes away from the Strait of Hormuz by investing in pipeline projects abroad, notably in the Middle East. Citing a document produced by the country’s economy ministry, Bloomberg reported the investment will be made through Japanese companies in the form of risk-capital funding. Earlier this year, media reported that Saudi Arabia and the UAE had asked Japan to take part in the expansion of oil pipeline networks in the Middle East amid the rush to shift flows away from the Strait…

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Legislation that’s been put on the back burner while the moratorium is in effect would require large data centers to procure at least a third of their electricity from renewable sources by 2030 and might impact those with water-intensive cooling, analyses show.

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Global power generation from renewables is expected to grow by more than 8% in 2026, pushing its share in the electricity generation mix to 37% by 2027, up from 33% in 2025, according to the International Energy Agency (IEA).In its latest Electricity Mid-Year Update, the IEA stated that electricity generation from renewables is set to overtake coal-fired output in 2026.

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Solar continued to dominate India’s renewable energy landscape. Installed solar capacity reached 163.7 GW, accounting for 29.7% of the country’s total power capacity and 56.4% of its renewable energy capacity. The addition of new projects during the quarter increased installed solar capacity by 7.7% quarter-over-quarter and 40.7% year-over-year (YoY), underscoring solar’s continued leadership in India’s capacity expansion and its growing contribution to the country’s evolving power mix.

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The Kerala State Electricity Regulatory Commission (KSERC) has approved the power sale agreement (PSA) signed between Kerala State Electricity Board (KSEB) and the Solar Energy Corporation of India (SECI) for procuring 200 MW of solar power coupled with a 100 MW/400 MWh battery energy storage system (BESS).

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Regulatory complexities are thwarting innovation and keeping electricity bills for the majority of Californians far too high, writes Ardi Arian, CEO of Renewable America.

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To fund its ₹20,000 crore capital expenditure in FY27, JSW Energy plans to deploy ₹6,000 crore from internal free cash flows, ₹7,000 crore from recently raised funds, and ₹7,000 crore through debt financing.

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