Energy Sector

India's Behind-the-Meter storage market to cross 39 GWh by 2033: IESA

India's energy storage sector is poised for a breakthrough decade, with Behind-the-Meter (BTM) stationary storage market projected to grow from 32 GWh annual demand in 2025 to over 39 GWh by 2033, a report stated. According to the report by India Energy Storage Alliance (IESA), the BTM systems include on site energy generation and storage located on the customer's side of the utility meter. These BTMs are like rooftop solar panels, battery storage, as well as batteries for backup applications installed with UPSA, inverters, and telecom towers. These systems enable direct use of generated or stored energy without passing through the grid. As the cost of lithium-ion batteries and solar-plus-storage systems continues to tumble, more businesses and consumers across India are turning to on-site energy storage to manage rising grid tariffs and ensure reliable power. In 2024, the levelized cost of energy from a rooftop solar system with storage hovering around Rs 6-7 per kWh, is already

India-flagged LPG tanker Jag Vikram crosses Hormuz after US-Iran ceasefire

An India-flagged liquefied petroleum gas (LPG) tanker, Jag Vikram, has crossed the Strait of Hormuz, marking the first such transit by an Indian vessel since a temporary two-week ceasefire between the United States and Iran was announced, according to ship-tracking data. The tanker moved through the strategic waterway between Friday night and Saturday morning and was located in the Gulf of Oman, east of the Strait on Saturday afternoon, proceeding eastwards. Jag Vikram is the ninth Indian vessel to exit the Persian Gulf since early March, while about 15 India-flagged ships remain in the region, awaiting passage. Owned by Mumbai-based Great Eastern Shipping Company, Jag Vikram is a mid-sized gas carrier with a deadweight capacity of over 26,000 tonnes. Trade sources estimate it could be carrying around 20,000 tonnes of LPG. At least 28 India-flagged vessels were in the Strait of Hormuz region when the West Asia conflict erupted, including 24 on the western side and four on the east

Energy, defence, and trade on agenda as Foreign Secy Misri heads to Europe

Foreign Secretary Vikram Misri will undertake a three-day visit to Paris and Berlin beginning Sunday for high-level talks on energy, trade and defence -- sectors that have become increasingly critical amid a fractured geopolitical landscape. Misri's visit to France and Germany comes at the end of his trip to the US, where he met Secretary of State Marco Rubio and a number of other senior officials of the Trump administration. The West Asia crisis and its impact on energy security are expected to figure prominently in Misri's talks with the interlocutors in Paris and Berlin. In Paris, the foreign secretary will co-chair the India-France Foreign Office Consultations along with Martin Briens, the secretary general of the French Foreign Ministry, the Ministry of External Affairs (MEA) said in a statement on Saturday. Both Misri and Briens will discuss a wide range of issues, including defence, civil nuclear energy, space, cyber and digital, artificial intelligence and initiatives ...

West Asia conflict: Qatar commits to 'reliable' energy flows for India

Qatar reassures India on LNG supplies after disruptions, as government says power availability remains stable despite low dependence on gas-based generation

India must rethink reliance on West Asia after current energy shock: ONGC

As the world scrambles to recover from the biggest energy shock in decades triggered by the West Asia conflict, India should be cautious about relying on traditional supply assumptions, particularly its proximity to the Middle East for sourcing oil and gas, ONGC Chairman and CEO Arun Kumar Singh said on Friday. India, which relied on the Middle East to meet nearly half of its crude oil imports, 30 per cent of its gas and 85-90 per cent of LPG, must invest in building strategic storages as an insurance against price and supply disruptions, he said. The six-week long was shut the only shipping lane that was used by the Gulf countries to export crude oil (raw material for making petrol and diesel), natural gas (used to make fertilizer, generate electricity, turn into CNG to power automobiles and piped to household kitchens for cooking) and cooking gas LPG. This led to an energy crisis in several importing countries, including India which had to prioritise supply of gas. "Thinking that

Bangladesh foreign minister's India visit enables a reset in relations

There is a practical agenda for cooperation on which both sides must act. Connectivity infrastructure, trade facilitation, and energy policy are all areas that can be effectively depoliticised

US-Iran ceasefire set to ease pressure on India's energy supplies

India's energy outlook brightened on Wednesday after a fragile ceasefire between Iran and the US triggered a sharp drop in crude prices and reopened hopes of supply normalization through the world's most critical energy corridor. India, the world's third-largest energy consumer and fourth-biggest gas user, imports about 88 per cent of its crude oil, around half of its natural gas requirements and roughly 60 per cent of its liquefied petroleum gas (LPG) needs, underscoring its heavy reliance on overseas supplies. More than half of these crude imports, about 40 per cent of natural gas and as much as 85-90 per cent of LPG shipments are sourced from Gulf countries and transit through the Strait of Hormuz - the world's most critical energy corridor that was shut because of the West Asia conflict. The US and Iran have agreed to a conditional two-week ceasefire that included the opening of Strait of Hormuz for shipping. With energy supplies from Gulf countries impacted, India initially c

GE Vernova T&D jumps 2800% in 3 years; is it now priced for perfection?

GE Vernova T&D India, a part of US-based GE Vernova, is a grid infrastructure company that manufactures high-voltage transmission equipment and provides turnkey solutions for power evacuation

Rewiring power for a new era: India's energy transition is too cautious

India imports more than 90 per cent of its oil needs and roughly half its gas requirements

Reducing import dependence: Renewable energy can play a significant role

It has been argued that India must push up the domestic production of fossil fuels, including oil and gas, along with diversifying sources of imports

The economics of global disorder: Resilience to trump efficiency, growth

There have, no doubt, been admirable efforts by the government to cushion the energy shock emanating from the Gulf, but there is only so much it can do in such global circumstances

India's misunderstood shock: Lessons from the pandemic on what not to do

With the Reserve Bank of India's first policy meeting since the ongoing energy shock underway, the obvious question is whether rate hikes are coming

India's wind energy addition surges 46% to record 6.05 GW in FY26

Wind capacity addition rises 46 per cent year-on-year to a record high, driven by policy clarity, transmission readiness, and a strong pipeline of hybrid projects

Energy mix needed to meet long-term power demand: Union Power Secretary

Union Power Secretary Pankaj Agarwal on Saturday stressed the need for an "energy mix" approach to meet long-term power demand and asked Rajasthan power utilities to accelerate projects based on a combination of renewable and conventional sources. During a review meeting with senior officials of the state's energy department and power companies here, Agarwal said bundling renewable and non-renewable energy sources would help manage the rising electricity demand more efficiently. He noted that decentralised solar projects under the PM-KUSUM Scheme have gained momentum in Rajasthan, but also flagged challenges related to the grid integration of solar power. The Union Power Secretary emphasised the need to strengthen grid stability and to develop battery energy storage systems in a timely manner to ensure an uninterrupted power supply during peak hours, as per an official statement. He also reviewed issues such as daytime electricity supply to the agriculture sector in 24 districts, l

Govt advises against panic buying, says fuel supplies adequate

The government on Saturday urged citizens to avoid panic buying of petrol, diesel and LPG, saying fuel supplies remain adequate despite disruptions linked to the closure of the Strait of Hormuz. The Ministry of Petroleum and Natural Gas said the government is taking proactive steps to ensure the uninterrupted availability of petroleum products and cooking gas, while advising people to rely only on official information and conserve energy. The government has prioritised domestic LPG and piped natural gas (PNG) supplies, particularly for households, hospitals and essential services, and has implemented measures to boost refinery output and manage demand, including extending LPG refill intervals. Authorities have also stepped up enforcement against hoarding and black marketing, conducting more than 3,700 raids and issuing around 1,000 show-cause notices to LPG distributors, with 27 dealerships suspended so far. Despite supply pressures from the geopolitical situation, there are no ...

Datanomics: India's energy efficiency gains amid import woes deepen

Hormuz tensions strain India's fuel supply despite efficiency gains

PNGRB halts implementation of oil & gas consumer protection rules

The strict enforcement of certain provisions amid supply disruptions from the West Asia war may impact companies, the regulator said

IMF, IEA, World Bank join hands to manage West Asia crisis impact

IMF, IEA and World Bank form coordination group to assess and manage energy and economic fallout of West Asia crisis, focusing on supply disruptions and global stability

No dearth of fuel or gas in country: Defence Minister Rajnath Singh

Defence Minister Rajnath Singh on Thursday said that there is "no dearth of fuel or gas in the country" and India was ready to deal with any energy crisis resulting out of the West Asia conflict. Singh, speaking at a Sainik Samman Sammelan in poll-bound Kerala, said that Indian Navy ships were safely escorting the country's tankers through the Strait of Hormuz. The defence minister further said that Prime Minister Narendra Modi was using his diplomatic skills to protect Indian interests in the Gulf region. "We are closely monitoring the state of affairs in West Asia and are prepared to deal with any situation," he said. Singh, during his speech, urged everyone to choose the BJP in the assembly polls as it was the correct political party to bring changes to the state, as it came with "Modiyude guarantees" (Modi's guarantees). "His leadership is like 24-carat gold -- it is tried and tested," he contended. The elections to the Kerala Assembly, which has 140 seats, will be held on Ap

War in West Asia risks triggering a new era of oil-induced stagflation

The war could result in huge geoeconomic shifts. The big immediate winner is Russia, benefitting from higher oil prices and the removal of sanctions