India’s Economic Growth Rises By 6.2%.

The US battery energy storage (BESS) market is currently experiencing substantial growth nationwide, building on significant expansion in 2024. This rapid expansion is largely attributable to decreasing costs in battery manufacturing, a trend that analysts at Rystad Energy anticipate will continue for the next five to seven years due to ongoing design innovations. Despite potential policy changes impacting renewable energy investment, the grid-scale BESS market remains largely unaffected at present. Projections indicate an increase in installation rates, potentially reaching 16 GW annually by early 2026, suggesting continued growth. Artem Abramov, head of new energies at Rystad Energy, highlights the crucial role of batteries in meeting rising energy demand and bolstering grid resilience alongside traditional and renewable sources. In 2024, the US grid-scale BESS market saw installations reach 10 GW, a significant 60% increase from the 6 GW added in 2023. Texas has emerged as the leading US BESS market, with an installation rate of approximately 4 GW per year, now comparable to what California previously held. Texas's BESS inventory has grown considerably, increasing from 5 GW to over 7 GW, signaling continued installations throughout the current year. Arizona is also contributing significantly to the boom in emerging markets, witnessing a jump in BESS inventory from 3 GW to 7 GW. Batteries are increasingly vital in established markets, particularly during peak demand, extending the availability of solar power into the evening. They're now fulfilling 13% of power demand within the California Independent System Operator (CAISO) during discharge hours, with peak contributions occasionally reaching nearly 30%. Renewables, including solar, wind, and hydro, are also making a greater contribution, with the annual average increasing from less than 30% in 2021 to over 40% in the past year. This increased renewable integration has led to a decrease in CAISO’s reliance on energy imports. As BESS and solar PV capacity continue to grow, it remains to be seen how these developments will impact the power system and what limitations they may have.

Mark Mobius highlights India's strong growth prospects, infrastructure advancements, and emerging market opportunities. A balanced inflation strategy key for foreign investments

MEXICO CITY (Reuters) -The Bank of Mexico slashed its growth forecasts for Mexico’s economy this year and next year, citing "sluggish" domestic activity and uncertainty related to U.S. trade policy, according to its quarterly report published on Wednesday. The central bank estimated that Mexico’s gross domestic product will grow 0.1% this year, far below its February estimate of 0.6%. "Domestic economic activity is expected to be sluggish over the forecast horizon. In addition to the weakness that has already been observed, the global economy faces significant challenges stemming from the changes in US trade policy," the bank’s report said.