Energy

Andrew Forrest, the Australian mining magnate, has been forced to scale back his ambitious hydrogen venture due to rising energy costs and investor concerns, despite his unwavering optimism and past successes. This setback highlights the challenges facing hydrogen as a fuel source and raises questions about the viability of Forrest's clean energy ambitions.

Data centre operators in Australia are increasingly turning to renewable energy sources to power their facilities due to the high energy demand and potential strain on the electricity grid by 2030. The exponential growth of data centres driven by cloud computing and artificial intelligence is posing challenges for the energy sector in terms of sustainability and managing electricity consumption.

The third phase of India's Lok Sabha elections concluded with a voter turnout of 51%, with West Bengal recording the highest at 63.11% and Maharashtra the lowest at 42.63%. This phase saw over 1300 candidates, including prominent leaders like Amit Shah, Jyotiraditya Scindia, and Dimple Yadav, vying for votes across 93 constituencies.

SJVN Limited's stock price surged on Friday, July 26, 2024, following the announcement that the Government of Mizoram had allotted the 2,400 MW Darzo Lui pumped storage project to the company. This project marks SJVN's first venture in Mizoram and is expected to generate approximately 4,993.20 million units of energy annually.

PG&E Corporation's second-quarter performance exceeded expectations, with adjusted earnings per share exceeding the Zacks Consensus Estimate by 3.3% and a 34.8% year-over-year improvement. This positive outcome was attributed to increased customer capital investment and non-fuel operating and maintenance savings.