Energy Consumption

Rising heat across parts of India raises alarm on another energy crunch

Peak demand for electricity touched 211 gigawatts in January, close to an all-time high last summer when heavy industry roared back from pandemic curbs

OTPC inks pact to develop 250 MW battery energy storage system in Assam

ONGC Tripura Power Company Ltd (OTPC) has signed a pact to develop battery energy storage project in Assam at an investment of Rs 2,000 crore, the firm said in a statement. The memorandum of understanding (MoU) was signed with Assam Power Distribution Company Limited (APDCL) at Guwahati "to develop battery energy storage system project of capacity up to 250 MW / 500 MWh in phased manner in Assam by incorporating a joint venture company," it said. "An investment of Rs 2,000 crore will be made in the state for developing the project," the statement added without giving a time frame. OTPC is a joint venture of Oil and Natural Gas Corporation (ONGC), gas utility GAIL (India) Ltd, Government of Tripura and India Infrastructure Fund-II. It owns and operates a 726 MW gas based power plant which caters to 25 per cent of energy demand of all seven north-eastern states. Highlighting the benefits of the project, OTPC managing director Sanil C Namboodiripad said that the project will help the

Parliament passes bill to mandate use of renewable energy, carbon trading

The Bill is expected to be a step for India toward fulfilling its goals of cutting emissions and the use of renewable energy

There's upside potential in Cement sector as prices rise across regions

Analysts expect H2 to be better and infra spending to be hiked in the Budget; benign energy prices and demand improvement are other triggers

Germany ramps up power generation from coal amid energy crisis: Report

More than a third of electricity produced and fed into the grid in Germany in the third quarter of 2022 was generated by coal-fired power plants, according to a report based on provisional results

Worldwide sales of heat pumps to soar to record levels in coming years: IEA

Worldwide sales of heat pumps are set to soar to record levels in coming years as the global energy crisis accelerates their adoption, IEA said

G20 summit: PM to participate in sessions on food & energy security, health

Narendra Modi will take part in sessions related to food and energy security, health as well as digital transformation in the G20 summit at Bali in Indonesia, Foreign Secretary Vinay Kwatra said

Turkish inflation tops 85% driven by surge in food prices, energy costs

Turkish annual inflation accelerated for the 17th month in a row in October, driven by a surge in food prices and energy costs, to its likely peak during President Erdogan's two decades in power

EU to provide $504 mn in grants for Western Balkans to tackle energy crisis

The European Union (EU) will provide 500 million euros ($504 million) in grants for the Western Balkan countries to tackle energy crisis, European Commission chief Ursula von der Leyen said here

EU leaders agree on roadmap to protect consumers from rising energy prices

Leaders of the European Union (EU) member states have agreed on a 'roadmap' of measures to protect European consumers from soaring energy prices

Hitachi Energy to supply transformers for NTPC renewable energy park

The NTPC REL facility in Kutch produce electricity to support 8 million people

Europe Is Buying Up Cheaper Brazilian Ethanol Amid Energy Crisis

Prices for natural gas and power are so high in Europe that some ethanol makers have considered shutting down plants

With comfortable coal stocks, no power crisis likely this festive season

India is unlikely to see a repeat of the 2021 energy crisis this festive season as coal-fired power stations across the country have comfortable levels of the fuel stock to meet electricity demand of the world's fastest expanding major economy. Learning lessons from the October 2021 energy crisis, when power stations were put on outage alert, due to coal stocks falling to the lowest level in years, the ministries of coal and power as well as railways this year have worked out a plan to ensure adequate fuel stocks at electricity generating units, officials said. With coal used to produce almost 70 per cent of electricity, officials are confident that the 2021 crisis will not be repeated this festive season that kicks in a week's time. Electricity demand in India has soared with a rebound in industrial activity after easing of pandemic-related curbs. And the increased lightning needs during the festive season is likely to send the demand shooting. According to a coal ministry officia

Europe energy crisis to last more than a winter amid tight supply: Analyst

Russia's invasion of Ukraine upended energy flows and rippled through global markets, driving up natural gas prices and forcing drastic measures such as Germany nationalizing its biggest importer

Nations must regulate, invest in clean energy to bring down costs: Report

Governments must deliberately use public investment and regulation to rapidly scale-up clean energy technologies to bring down costs, achieve global climate goals and boost economies worldwide

European Union seeks emergency powers to prevent supply-chain crisis

The proposal is expected to face strong pushback from businesses and some EU countries

Germany takes control of Russian-owned refinery amid energy crisis

We are making ourselves independent of Russia, and any decisions that are taken there, said Scholz

Lights out early for Eiffel Tower as Paris saves energy amid crisis

Around Europe, countries are looking for ways to cut energy consumption and fill up their gas stores in preparation for a possible total cut-off

Ethereum blockchain to undergo major software upgrade to cut energy use

'Merge' software upgrade to take place in coming days; Google estimates Merge will happen on Thursday

France, Germany to help each other through energy crisis during winter

French President Emmanuel Macron has announced that France and Germany will help each other through the energy crisis and get by the upcoming winter