"Oil" dominated conversations with rising prices due to the ongoing Russia-Ukraine conflict. The Trump administration’s 50% tariffs on India highlighted concerns about global oil supply chains. Energy deals and the cancellation of investments are a rising topic given oil and gas M&A deals, the importance of project financing, and renewables still getting investment while facing current administration blocks. The narrative surrounding data centers remains tied to surging demand, with increasing attention focused on demonstrating the significant power requirements of AI, as exemplified by comparisons between AI chatbots and traditional search engines, and concerns over environmental impacts on nearby communities.

Trade coverage prioritized tangible examples of energy solutions. New battery projects were a focus, particularly on increasing grid capacity, home battery storage systems, and co-location with renewables. Natural gas pipelines, supply, and demand are gaining interest as an alternative to renewable energy sources. Demand for gas is rising as consumption is likely to set a record in 2025.

We are witnessing a more U.S.-dominated social conversation, with U.S.-India energy tensions escalating as the U.S. imposes tariffs over India’s reliance on discounted Russian oil, which accounts for 40% of its imports. India defends its stance as vital for energy security and affordability, despite risks of $9–11B in added costs. Meanwhile, China and India continue buying Russian oil, complicating U.S. efforts to isolate Russia. Critics argue that U.S. tariffs, rooted in Trump-era policies, may disrupt markets as nations prioritize stability over Western mandates.

The state of Maharashtra, India is emerging as a solar leader, signing multi-billion-rupee MoUs for large-scale manufacturing in Nagpur, Butibori, and Auric. These projects will produce gigawatts of solar cells and modules, create thousands of jobs, and support farmers through solar pumps. Backed by India’s 500 GW by 2030 renewable target, Maharashtra’s push aligns with global solar growth and positions the state as a hub for clean energy, economic development, and sustainability.