Energy news for July 16, 2026
July 16, 2026 · 6 stories
6 stories from across power and downstream. The day led with Huawei details grid-forming strategy, renames LUNA storage line LUTERRA.
Power
Huawei details grid-forming strategy, renames LUNA storage line LUTERRA
At The Smarter E 2026 in Munich, Huawei outlined a grid-forming strategy for solar and storage and renamed its LUNA battery system LUTERRA.
Policy
BLM's Q2 oil and gas lease sales bring in $4.1 billion
The Bureau of Land Management sold 389 parcels on 355,456 acres from April through June, with most of the revenue coming from New Mexico.
Power
PG&E readies power shutoff for about 7,800 customers as high winds approach
Pacific Gas and Electric is preparing a Public Safety Power Shutoff across parts of 10 California counties starting Wednesday, July 15, its third of 2026.
Power
Orcadian plans carbon-capture power station to feed North Sea data center
Orcadian has begun assessing an offshore power station with carbon capture to supply a 200 MW data center on its Earlham gas field.
Power
Crude stocks at Cushing fell below 20 million barrels, EIA says
Cushing inventories sat under 20 million barrels for weeks, pushing the WTI-Brent price spread to its lowest level since January 2022.
Downstream
California oil refiners posted $1.29-a-gallon profit margin in May, state data shows
CEC data show May refining margins nearly triple January's, and Consumer Watchdog says a stalled penalty could have returned $610 million to drivers.
Every edition is kept. Browse the archive.