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 growth in solar and wind, combined with other sources like nuclear or hydropower, will lead to non-fossil energy dominating from the 2050s. DNV
• [New] EV uptake in road transport, the most energy-demanding sector, means that energy demand levels off and then falls from the mid 2030s. DNV
• [New] Battery Management Systems (BMS): Advanced BMS will become more prevalent, enhancing battery life and performance through smarter energy management and predictive analytics. eszoneo.com
• [New] The funds, directed through the Department of Energy, will support construction of the Thacker Pass lithium project in Nevada, which is set to become the largest lithium source in the western hemisphere. Investing News Network (INN)
• [New] Shares of pure-play lithium producers are better suited for long-term investment, since the global shift toward alternative energy will ultimately drive sustained growth in lithium demand. LiteFinance
• [New] The US has set out plans to marshal the forces of the public and private sectors as it bids to provide the scientific and technological foundation to support a competitive US fusion energy industry and commercialization by the mid-2030s. The Independent Global Nuclear News Agency
• [New] Meta is building a new AI-optimized data center in El Paso, Texas, that will scale to 1 GW, create over 1,800 construction jobs, and prioritize sustainability and clean energy. Vavoza
• [New] Cost declines of around 90% have made storage one of the fastest-evolving assets in energy, and forecasts suggest global battery-storage volumes could increase by two-thirds in 2025 and grow several-fold by 2030. Forbes
• [New] Russia plans to strengthen its position as a global energy leader and develop partnerships to create a sustainable global energy model for the benefit of future generations. Modern Diplomacy
• [New] In Europe, Helsinki's green hydrogen project underscores the potential of long-term energy transitions. Ainvest
• [New] Clean energy will bring 400,000 extra jobs by 2030, with high demand for roles including plumbers, electricians and welders. GOV.UK
• [New] According to the International Energy Agency, renewable sources such as solar, wind, and hydro are projected to meet 95% of global electricity demand by 2027. BusinessMole
• [New] For Last Energy, the goal for the pilot program is to start powering the Texas A & M campus grid as soon as mid-2026 and then to deploy the first commercial unit in two to three years. Energy Connects
• [New] Thousands of young people in Scotland will benefit from skilled clean energy jobs, the UK Government has said, as it launched its plans to train the next generation of energy workers. Yahoo Finance UK
• [New] Increasing clean energy commitments, new nuclear reactor construction, geopolitical stability needs, and decarbonization initiatives are escalating global uranium demand - with projections for a 25% + increase by 2026. Farmonaut
• [New] SQM has a long-term agreement to supply battery-grade lithium carbonate and lithium hydroxide to LG Energy Solution that runs through 2029. / USA LiteFinance
• [New] EEI member companies are projected to invest $208 billion in 2025 to make the energy grid smarter, stronger, more efficient, and more secure. PRG
• [New] Russian forces have recently increased strikes on Ukraine's energy infrastructure in an attempt to disrupt the Ukrainian power system on a large scale ahead of Winter 2025-2026, and Russian strikes have caused widespread power outages for civilians living in Ukraine. Critical Threats
• [New] As of 2026, seven core innovations define Carlin's leadership: fully automated haulage and drills, AI-driven ore modeling, drone / geophysical mapping, renewable energy integration, closed-loop water systems, predictive AI maintenance, and proactive land reclamation. Farmonaut
• [New] The International Energy Agency projects global electricity demand from data centers could surpass 1,000 TWh by 2030, with AI being the primary catalyst. FinancialContent
• [New] The world's leading economies will return to the idea of developing and promoting clean energy solutions. LiteFinance

Last updated: 24 October 2025