Energy News

In 2024, several changes are taking place in the industrial sector globally. Recently, the United Kingdom revealed its future wind industry plans to support clean energy transitions. As estimates indicate, the United Kingdom's floating wind industry is on the verge of growth; in less than three decades, it could create, perhaps, 97000 jobs and contribute 47 billion pounds to the economy by the year 2050. This tremendous upsurge is bound to change the face of the country's energy sector by reinforcing the UK's leadership position in renewable energy. The…

China rightfully takes center stage in progress in ultra-fast charging EV batteries. As it appears, a Chinese electric vehicle manufacturer has emerged as a clear industry leader by developing the fastest charging battery in the world that can go from 10 to 80 percent in 10.5 minutes. This revolutionary technology is of their new lithium iron phosphate (LFP) batteries, which are comparatively quicker to charge, safer, and more eco-friendly than nickel–cobalt–manganese batteries.

This model, the Zeekr 007, which the company aims to commercialize, will…

There is a global race to clean energy sources because of climate change in 2024. However, there is a danger that the impending metal supply crisis will offset this gain. The move to renewable energy technologies greatly depends on critical minerals, including lithium, nickel, cobalt, and other rarer earth elements. However, with all these constraints and the demand increasing, the efforts towards the clean energy revolution are very much in jeopardy.

Lithium from the International Energy Agency (IEA) suggests that there will be increased demand for…

Global oil demand reports show unbalanced statistics due to different analyses in two consecutive months of 2024. The International Energy Agency (IEA) states that global oil demand will decline by 2030. The report explains that fossil fuel demand may be diminishing. Further, it would not support fuel consumption beyond 2030 in countries like China, the USA, and Africa. Another report by data analytics firm Enverus doubts IEA's predictions regarding the global fossil fuel demand by 2030. In contrast to IEA's report of 2024, Enverus states that global oil…

Geothermal energy production is multiplying in light of clean energy transition. Clean energy transition lays down several conditions to achieve a greener environment. Adopting renewable energy to replace fossil fuels brings geothermal energy into the market. Geothermal energy production in 2024 is expected to grow by 1900 percent by the end of 2050.

Europe's wind power industry for the year 2024 seems to have antics of growth and probably other challenges while continuing with the shift towards the use of renewable energy. Development and investment activities like the European  Union's initiative Wind Power Package with enhanced policy backing resulted in the addition of around 6.4 GW of new wind power capacity during the year's first half. This package also seeks to expand supply chain capacity and ease administrative bottlenecks. For instance, Europe aspires to reach a target of 9.5 GW offshore…

Europe's gas storage levels have been depleting at a faster pace over the years. In the last eight years, European gas storage has experienced a stunt decrease. The survey reports for 2024 show that the European region is experiencing depleting levels of gas storage due to several reasons. Research shows that the approaching winter of 2024 is the main driving factor behind reduced levels of European gas storage. Further, Europe's colder temperatures and reduced wind speeds are the essential factors behind the depletion of Europe's gas storage levels in…

The automobile market has experienced a global slowdown since the beginning of 2024. However, the electric vehicle market plummeted over the period in 2024. Several constraints are behind the fall of electric vehicle sales, such as costly raw materials, inflation, and high vehicle costs.

The share of electric vehicles in total global car sales was approximately 13-15 percent, a decrease from the 18-20 percent and 14-16 percent growth figures posted in 2023 and 2022, respectively. According to industry projections, this trend is expected to continue in…

Hydrogen trains signify an essential development in the world's efforts to decarbonize transport. А Hydrogen-powered trains emerged as the fastest way of mobility, with specific coverage and significant developments in several areas, signifying a worldwide switch towards the green railroad industry by 2024.

Hydrogen trains use hydrogen fuel cells to generate electricity that powers electric motors, and their only by-products are water vapor and heat. This makes them an attractive option for replacing diesel trains, for instance, in areas where it may be…

Mexico is progressing rapidly in the renewable energy sector, envisioning double its production by 2030. By 2024, 35% of electricity should come from clean sources, compared to 29% in 2022. With a focus on solar, geothermal, wind, and hydroelectric power sources, the country has set a target of achieving a 100% increase in its installed renewable energy capacity by 2030.

Based on the new targets, Mexico hopes that by 2024, 35% of electricity generated in the country will be from non-polluting sources, while in 2022, only 29% was so. The government…

Nuclear energy has been gaining traction in the global market, as have its requirements from big corporations. Texas has begun its revival phase as one of the front-runners in this new economic race. An expanding demand for nuclear energy, particularly in financial, rent-appropriate locations, has rediscovered uranium mines that were once inactive and opened up new places near the commencement of operations. It seeks more energy to power its enormous data and computing facilities, which drives uranium mining.

Uranium mining has a history; however, the…

A transformation is occurring globally in the pattern of energy sources with the rise of small nuclear reactors (SMRs) as the solution to clean, secure, and cost-effective energy. These power-efficient and small-sized reactors are becoming popular globally due to an increasing appetite for carbon-copy energy systems.

Among the several benefits associated with SMRs, these reactors can be assembled in factories and delivered to locations to be erected, thereby cutting the time and cost of building. Additionally, SMRs are less inclined to accidents since…

In the past few weeks, the fuel price in the UK has dropped a bit, but it is still expensive for drivers. From 143.15p per liter, unleaded gasoline primarily sells for 136.15p as of last week, while diesel has remained around 141p per Liter. However, such prices are still much higher than previous market price hikes.

The substantial levies the British government imposes are primarily responsible for fuel prices. In addition to the 20 percent Value Added Tax, the current fuel duty rate is 52.95p per Liter. This significant tax component guarantees that…

Asia has retained the position as the top oil importer in 2025, and continues to maintain that critical position in the energy sector that the world relies on. China has retained its top spot as the most prominent crude oil importer since 2013. The International Energy Agency (IEA) has significantly indicated growth in China's crude oil imports, estimating 10.1 million barrels per day in 2019. With China's industrialization, the oil demand will climb even higher, further reinforcing China's position in the ultra-competitive global oil market.

With the…

Nuclear energy capacity is growing significantly from the beginning of 2025. It is due to increasing concerns over climate change, and energy security amidst fluctuating fuel prices followed by net-zero targets set up by nations globally. Further, developing countries like China are progressing with nuclear energy generation in 2025. The nation plans to overcome the fossil fuel shortage with an alternative to low-carbon fuel to aid sustainability.

The development of nuclear energy in China provides multiple strategic advantages. It increases energy…

 A recent study by Carbon Brief and the Centre for Research on Energy and Renewable Air (CREA) shows that China's clean energy industry has hit a major milestone, contributing more than 10 percent to the GDP in 2024. This comes to around $1.9 trillion (13.6 trillion Yuan) in green investments and sales, therefore establishing clean energy as a prominent player in the national economy. This industry has exceeded important sectors like real estate and agriculture as of 2025, therefore underlining China's increasing commitment to a sustainable future.

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Research from clean energy think tank Ember claims that a fall in renewable energy investment means that ambitious clean energy targets for 2025 and beyond pose a key obstacle. Although investment for the fiscal year 2024 shows a notable 40 percent increase reaching $13.3 billion this sum is just a sixth of the annual spending required to be on schedule for its 2030 renewable energy targets.

As it aims to build five hundred gigabytes (GW) of renewable energy capacity by 2030 and exceed 600 GW by 2032, India will need a total capital inflow of $300…

With projected losses of USD 2.3 trillion by 2040, the worldwide drive towards decarbonization is likely to leave a significant amount of oil and gas assets stranded. Emphasized by the UK Sustainable Investment and Finance Association (UKSIF), this prediction highlights the financial hazards related to the change to net-zero emissions. The United Kingdom is especially highly exposed; if the net-zero transition is successful, possible losses might be USD 141 billion. These numbers will spur further debates among legislators and investors on the financial…

After a USD 2.74 billion investment, State-owned China National Offshore Oil Company (CNOOC) is poised to open a substantially improved refinery and petrochemicals complex later this year.  Situated on Daxie Island in Ningbo, the plant will greatly increase CNOOC's refining capacity, therefore confirming its place in China's energy scene in 2025.

 With a 120,000 barrel-per- day (bpd) oil unit, the rebuilt complex will have 50 percent more total crude processing capacity 240,000 bpd.  As CNOOC improves its processing capacity, this growth is projected to…