Bloomberg Sterlite Power Grid Ventures Ltd., one of India’s biggest private transmission companies, sees a $35 billion investment opportunity into grid-connected energy storage projects in the country over the next decade to support government renewables targets. Chief Executive Officer Pratik Agarwal said he expects central and state governments to issue battery tenders totaling several gigawatts of capacity by no later ...

Bloomberg Glencore Plc reported the weakest profit in three years and announced plans to halt about a fifth of the world’s cobalt production after prices for the battery metal plunged. Glencore will shutter Mutanda project in the Democratic Republic of Congo for about two years in a move to put a floor under cobalt market, which has seen prices fall ...

Bloomberg One of the UK’s largest pension funds, which oversees the retirement assets of 350,000 British railworkers, is betting on private credit to help preserve returns during the next downturn. RPMI Railpen aims to boost its exposure to private debt to as much as 40% within a private investment strategy totaling 4.5 billion pounds ($5.5 billion) across two funds. While ...