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] A focus on clean energy could bring increased investments in renewable projects in Asia. Saxo Bank A/S (Headquarters)
• [New] Namibia's green hydrogen strategy complements its oil sector and offers a unique opportunity for energy companies to diversify their portfolios. IBN Immigration Solutions
• [New] The collaboration between MCG and H2Terminals represents a significant step towards realizing the potential of green hydrogen in the global energy transition. Hydrogen Central
• [New] Technology firm Siemens Energy has signed a deal to supply the Hamburg Green Hydrogen Hub with 100 MW of electrolyser capacity, for installation in 2025. Hydrogen Europe
• [New] The mismatch between hydrogen production potential and anticipated demand could reshape global energy trade and create opportunities for new players, including developing countries. pv magazine International
• [New] If current trends in energy demand and supply continue, 2030 targets set by decarbonization policies are likely to be missed. IER
• [New] Additional connections with neighboring countries will increase energy security and enable Estonia and Europe in general to reduce dependence on energy imports from third countries. CEENERGYNEWS
• [New] At the 2021 Glasgow Climate Conference, India pledged to achieve a clean electricity capacity of 500 gigawatts by 2030, signaling its commitment to increased investment in research and development in clean energy technologies and industries. Nature
• [New] Chinese company Envision Energy Co. plans to develop a $1 billion green hydrogen industrial park in Spain to help the European nation reach its greenhouse gas reduction goals. Bloomberg
• [New] The cross-border, organic cooperation between producers, transporters and consumers will be an important building block for the success of the energy transition in Europe, the project partners are convinced. Gasgrid Finland
• [New] If Helion Energy and others succeed, fusion power plants could provide limitless, sustainable energy, significantly reducing greenhouse gas emissions. Intelligent Living
• [New] The Energy Valley will play a key role in advancing Beijing's dual-carbon strategy and promoting sustainable development. Yahoo Finance
• [New] The disruptions caused by Russia's war in Ukraine have brought the intertwined nature of the world's energy and food supply chains into sharp focus. IEA
• [New] With solar energy becoming increasingly critical in the fight against climate change, the Sasol Solar Challenge serves as a powerful reminder of the potential of renewable energy. The Newspaper |
• [New] Hopi Utilities Corporation in Arizona will add a behind-the-meter, grid-tied Battery Energy Storage System to store excess power from an existing microgrid to build energy resilience, decrease reliance on diesel generators, and reduce high costs of unreliable energy for the Hopi Tribe. Energy.gov
• [New] While the United States faces risk in AI hardware, it leads in renewable energy - a crucial component for powering AI technology. The Diplomat
• [New] In Asian countries where energy demand is expected to be driven by manufacture activities and data centers, nuclear energy planning appear to be more ambitious in Northeast Asian countries like Japan and China. Reccessary
• [New] New programs have been placed to support investment in renewable energy, manage delays in global supply chains and reinsure severe convective storm risks. Parametric Insurer
• [New] NextEra Energy will add more renewable projects to its portfolio and has nearly 22.6 GW of renewable projects in its backlog. Yahoo Finance
• [New] DTE Energy, which owns a majority share of the Belle River power plant, plans to decommission the coal plants gradually and convert them to natural gas by 2039. The Sun Times News
• [New] The RV Resilience is the latest in a series of investments that will grow PNNL's capabilities in marine technology research to continue advancing renewable energy, climate resilience and national security. Tech Xplore

Last updated: 13 September 2024