The Department of Defense's Office of the Assistant Secretary of Defense for Industrial Base Policy, through its Manufacturing Capability Expansion and Investment Prioritization (MCEIP) office, has awarded a three-year, $30 million project to establish an energy storage systems campus.
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Reliance Power has won a significant contract to establish a 500 MW/1000 MWh Battery Energy Storage System (BESS) awarded by the Solar Energy Corporation of India (SECI). The contract, secured through a competitive auction, is part of SECI’s ambitious initiative to develop 1,000 MW/2,000 MWh of standalone battery energy storage systems. NSE
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China's Geo-Jade won a bid to develop Zurbatiya block in Wasit province in central Iraq. It initially asked for 12.65 per cent of the net profit, but later accepted the Oil Ministry's offer of 7.65 per cent. The block has oil potential. Geo-Jade also won rights to develop Jabal Sanam block in Basra province with oil potential.
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