Daily Update — June 24, 2026
Brazil’s Battery Storage Auction; Understanding Success in Private Equity; and AI in Settlement Workflows
Today is Wednesday, June 24, 2026, and here’s your curated selection of Essential Intelligence on global markets from S&P Global. Subscribe to be notified of each new Daily Update.
Energy Expansion
Wind and solar back Brazil’s debut battery storage auction
Wind and solar power generators in Brazil welcomed the country's first auction for battery energy storage systems. On June 3, Brazil’s Ministry of Mines and Energy announced two capacity reserve auctions for battery energy storage systems, scheduled for Dec. 2 and Dec. 4. The move is expected to help reduce curtailments, which reached 20.8% of wind and solar generation in May and have prompted some companies to suspend their investments in the country until a long-term solution is implemented.
The auctions’ contracts will have a 15-year duration, with supply expected to begin in 2028. Participating projects must have a minimum power capacity of 30 megawatts, have a recharge period of under six hours and be capable of providing a continuous supply for at least four hours at full contracted power.
Private Markets
Listen: Understanding Success in the Evolving PE Landscape
In this episode of the “Private Markets 360°” podcast, Bob Belke, managing partner at Lovell Minnick, joined hosts Chris Sparenberg and Jocelyn Lewis to discuss how private equity has changed in the past two decades and what makes lower middle market buyouts different, focusing on the value of specialization, early outside institutional involvement and disciplined investing.
Belke also shared insights on today’s market dynamics, investors’ liquidity needs and why consistent value creation remains essential in a competitive environment.
Artificial Intelligence
From Manual SSIs to T+1: Why Data, Automation, and AI Are Redefining Settlement
AI-driven data extraction, automated validation and secure authentication are transforming workflows for standard settlement instructions, enabling companies to reduce risk, improve efficiency and future-proof their operations.
Standard settlement instructions are often handled manually or through fragmented workflows, emails and spreadsheets, creating inefficiencies, scalability challenges and operational risks. These processes are becoming increasingly incompatible with accelerating transaction settlement times.
In a webinar hosted by S&P Global and WatersTechnology, industry specialists from Deutsche Bank, SSImple and S&P Global discussed how AI is addressing the challenges posed by compressed settlement cycles, and how companies can prepare for the change.
In case you missed it
- Governments around the world are raising biofuel blend levels to reduce reliance on uncertain oil imports.
- An expected El Niño weather event may introduce fresh volatility in the global shrimp market, with the phenomenon likely to disrupt logistics and affect Ecuador's availability across shrimp sizes.
- Iran's recovery in oil production and exports could be slower than that of its neighbors if a US-Iran agreement delivers lasting peace and a return to prewar shipping levels through the Strait of Hormuz.
Upcoming events
- EMIR & MIFID Reporting Checkpoint | June 30 (Webinar)
- The New Playbook for Private Markets Intelligence: From Fundraising to Exit | June 30 (Webinar)
- Launching S&P’s Ratings on SpaceX (Webinar Replay)
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