AGP Executive Report
Last update: 12 hours agoGrid & outages: Severe Midwest storms knocked out power for hundreds of thousands across Illinois, Indiana, Ohio and Kentucky, with at least two deaths reported, while South Africa’s Joburg grid also struggled through a cold snap and Libya’s GEC said drone attacks on the Zawiya substation and fuel storage triggered a major outage. Oil market pressure: Crude pushed back toward $90 as Strait of Hormuz reopening hopes faded amid shipping and regional attack risks; separate reporting flagged US Strategic Petroleum Reserve inventories falling below 300 million barrels for the first time in decades. Renewables & storage momentum: Energy Vault signed an agreement to deploy 1.25 GW of battery storage and grid-forming power for hyperscaler AI data centers, India’s MNRE expanded renewable skilling (including BESS and transmission), and Bihar’s draft grid code would give energy storage a bigger role in frequency management. Policy & regulation: A US appeals court set aside Biden-era gas stove efficiency rules, while India’s MNRE and state-level BESS tenders in Gujarat showed storage moving from pilot to procurement scale. Local energy infrastructure: Kelantan plans a petroleum and gas corporation via a special purpose company, and Pakistan ordered an audit of customs bonded warehouses as it expands oil storage ambitions.
Note: AI summary from news headlines; neutral sources weighted more to help reduce bias in the result. Feedback is welcome. Please let us know if you have any comments or suggestions about the AGP Executive Report.
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