Global Scans · Energy · Weekly Summary

WHAT'S NEXT?: By 2025 solar energy will be the cheapest energy option globally. In 2040, oil and natural gas are expected to make up nearly 60 percent of global supplies, while nuclear and renewables will be approaching 25 percent. Improvements in energy efficiency in lighting and home appliances are expected to continue to push residential electricity use lower. The burning of coal will fall out of favor. Transportation energy consumption will be rising in correlation to growth in automated vehicles in the coming years.

• [New] The global move to decarbonization, while necessary, introduces transition risks such as stranded assets in fossil fuel industries, regulatory penalties, and shifts in energy insurance underwriting. Bimabazaar.com - Leading Insurance Thinking
• [New] Improving the energy performance of existing buildings is key to saving energy, reducing bills for citizens and enterprises, and achieving a zero-emission and fully decarbonised building stock by 2050. Energy
• [New] By 2050, Ontario may need up to 17,800 MW of new nuclear energy to meet high electrification demand, on top of the existing installed capacity of around 12,000 MW3. Torys LLP
• [New] By attracting international expertise and investment in domestic exploration, India strengthens its position in global energy markets while reducing vulnerability to supply disruptions. Discovery Alert
• [New] Geothermal Deployment Enhances Global Energy Supply: The Intergovernmental Panel on Climate Change highlights geothermal energy's potential to meet over 3% of global electricity demand and 5% of heat demand by 2025. Yahoo Finance
• [New] Vietnam needs a partner that will prioritise its decarbonization and access to affordable and ready-to-be deployed solutions to make the most of its clean energy potential. Energy Tracker Asia
• [New] South Korea's misplaced faith in fossil fuels could create a vicious cycle of spiralling energy costs, derailed decarbonization progress and loss of opportunities as investors back the transition to renewable energy. Energy Tracker Asia
• [New] In times of heightened geopolitical risk and ever-dropping renewable energy costs, Japan's promise is likely to have significant consequences for its economy and energy security. Energy Tracker Asia
• [New] India's push for clean mobility, renewable energy and electronics manufacturing is expected to drive demand for rare earths, lithium, cobalt and similar materials. FirstPost
• [New] The worldwide deployment of FNPPs has the potential to help turn the tide on emissions and meet energy security goals more quickly, due to their ability to scale production and reduce construction requirements. POWER Magazine
• [New] The pledged tripling of nuclear power between now and 2050 that is needed to meet climate and energy security goals will require capacity to expand by an average of 40 GWe per year until 2050. POWER Magazine
• [New] While overall global coal demand is projected to decline, driven by the expansion of renewable energy in advanced economies and China, robust consumption in India and ASEAN nations is expected to provide a signicant demand oor. Scribd
• [New] Energy usage from data centers alone is anticipated to double within five years, with forecasts suggesting they will account for about 12% of US electricity usage by 2028. Thomson Reuters Institute
• [New] Growing energy demands - AI-driven data centers are significantly increasing energy consumption, with forecasts suggesting they will account for about 12% of US electricity usage by 2028. Thomson Reuters Institute
• [New] Elsewhere in Pennsylvania, Constellation Energy confirmed Three Mile Island will begin producing power for Microsoft by 2027, a year ahead of its initially-projected schedule. DataCenterKnowledge
• [New] Malaysia's SEDC Energy has tapped Sulzer Chemtech to provide its BioFlux technology for the sustainable aviation fuel pilot plant the state-owned energy company plans to develop in Sarawak. Hart Energy
• [New] The Ministry of Energy expects EPSO-G to actively contribute to the development of green gas infrastructure by utilizing the existing natural gas infrastructure for the development of biomethane and creating a new green hydrogen ecosystem. HydrogenWire
• [New] As the world seeks cleaner, more sustainable energy solutions, the ability to effectively convert heat into electricity will play an increasingly important role in the global energy mix. EMS Power Machines - Steam Turbines, ORC Turbines, Wood
• [New] Innovations in materials, digitalization, and hybrid systems will allow thermal power to play a vital role in a decarbonized energy future, where renewable sources and energy storage work seamlessly together to meet global energy demands. EMS Power Machines - Steam Turbines, ORC Turbines, Wood
• [New] There is a material opportunity for GB Energy to play a role in delivering industrial benefit for the UK because there are gaps in the supply chain where there is an opportunity for GBE to play a role in that inflection point between the public and private sector. Solar Power Portal
• [New] The massive project will highlight the faith of the Servo-tech in the development of renewable energy sources in India and stake claims in the sector of large-scale solar installations. UnivDatos
• [New] Escalating tensions in the Middle East, particularly strikes on gas facilities, raised concerns about potential disruptions to energy supplies, contributing to the bullish movement. morpher.com
• [New] The updated Belgian hydrogen strategy is developed in the context of achieving full decarbonization with only renewable energy in the energy mix by 2050. European Hydrogen Observatory

Last updated: 11 July 2025