When roughly 20 million barrels of crude and oil products transited the Strait of Hormuz daily before hostilities escalated in late February, energy analysts largely treated oil and gas as symmetrically exposed to any closure. That assumption is now colliding with arithmetic.
Electric vehicle investment has entered a costly correction phase. According to industry analysis from Automotive Manufacturing Solutions, automakers and suppliers have already absorbed roughly $60 billion in losses as electric vehicle production volumes fall short of earlier projections.
Two major Greek energy companies, PPC Group and METLEN, are expanding their presence in the regional storage market through a cross border partnership focused on large scale battery energy storage systems.
The Huai’an Salt Cavern Compressed Air Energy Storage (CAES) project in Jiangsu Province, China, has entered full operation, marking a significant milestone in long-duration energy storage deployment.
China’s Huawei will supply batteries to British power producer Aggreko for what both companies describe as Brazil’s largest energy storage system to date, supporting renewable microgrids across the state of Amazonas.
TotalEnergies has agreed to sell a 50 percent stake in a portfolio of 11 battery storage projects to Allianz Global Investors, advancing nearly 800 MW of new capacity scheduled to enter operation by 2028.
