Energy & Petroleum News Today

Delectrik Systems will deploy India's first 100 MWH utility-scale Vanadium Redox Flow Battery at Khavda Solar Park by 2027, awarded by NTPC. This milestone follows a 3 MWH deployment in 2025, targeting 1 GWH order book.

RIL is bullish on global refining margins despite Strait of Hormuz uncertainty and oilfield attacks. Structural capacity losses and China's limited return support this, even as 12M barrels were unavailable, offset by 5M barrels from reserves.

India's natural gas consumption fell 6.5% to 16 bcm in Q1 due to costly LNG imports (down 8.6%) and declining domestic output (down 4.3%). Global prices surged post-Iran war, making imports unaffordable and increasing reliance on expensive spot purchases.

Ahmedabad's Business Summit, the Gujarat edition of ETNow.in Business Conclave and Awards 2026, focused on sustainable economic growth, infrastructure, clean energy, and urban transformation, highlighting Gujarat's evolving investment landscape and future development priorities.

Solar energy is set to lead renewables, surpassing coal by 2026. The global market, valued at $153.91 billion in 2026, is driven by AI demand and climate goals. China, India, US, and EU show strong growth, with panel efficiencies exceeding 25%.

OMCs procured 2,418 crore litres of ethanol worth Rs1.72 lakh crore in 3 years, with procurement increasing. Government maintains 20% blending, citing scientific studies and no widespread vehicle issues.

India's CBG ambitions face scale challenges despite high potential. Current production is 920 tonnes/day, 1% of the 2030 target. Solutions include standardizing plants, securing feedstock, and developing by-product markets to unlock investment.

Quantum Critical Metals is recovering critical minerals like gallium and rubidium from mica, 10% of rock at NMX East. A hydrometallurgical process achieved 55% rubidium recovery, with pilot-scale work planned.

India’s bitumen market is grappling with stark regional imbalances. While a sharp, conflict-driven price spike has stalled rural road development across Tamil Nadu, public-sector logistics are expanding through new operational hubs in Gujarat. Refinery pricing reflects this volatility, forcing bulk contractors to re-evaluate their near-term procurement costs.

IIT Kanpur will establish a Green Hydrogen Centre of Excellence (ECOGEN) under the Uttar Pradesh Green Hydrogen Policy 2024. It aims to build India's green hydrogen ecosystem, promote research, innovation, and reduce production costs, boosting sustainable energy solutions.