Brent crude futures rose 0.85% to $91.79 a barrel, while WTI climbed 1% to $85.79 amid uncertainty over vessel movement through the Strait of Hormuz and ongoing supply disruptions.
Gujarat Urja Vikas Nigam has issued a tender for 4,000 MWh of standalone BESS capacity connected to the state grid to meet distribution companies’ peak and off-peak requirements.
India hosted the eighth BRICS Youth Energy Summit 2026 virtually under its BRICS Chairship, with more than 100 participants discussing energy security, access, sustainability, technology and innovation.
Power Grid has appointed Amol Babulal Taori as Director (Finance) on its Board for a five-year tenure, according to a Ministry of Power order.
Aurora Energy Research has launched its India Grid Service to help the power industry forecast renewable energy curtailment risk and assess grid connectivity, starting with Rajasthan and expanding across six other states.
The Ministry of Petroleum and Natural Gas has approved an incentive scheme to accelerate domestic PNG connections by providing eligible CGD entities additional APM gas for incremental billed connections.
Indian Oil Corporation has appointed Dr Alka Mundra as an Independent Director on its Board with effect from August 15, 2026.
Bharat Heavy Electricals has entered into a strategic collaboration with Norway-based Hystar to support local manufacturing and phased indigenisation of PEM electrolyser technology for green hydrogen projects in India.
Omega Seiki Mobility has partnered with Electra AI to integrate real-time battery monitoring, predictive analytics and State of Health insights across its electric vehicle fleet.
Schneider Electric has launched Yuva Yodha, a national technology hackathon focused on developing solutions across smart manufacturing, grid reliability, sustainable agriculture and smart buildings.
Iran and Oman have reached an understanding on a vessel transit route through the Strait of Hormuz, with details of a joint statement still being finalised.
Ola Electric has introduced its Shakti energy storage portfolio, expanding its battery business beyond electric mobility into residential, commercial and utility-scale applications.
