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] Crude gained about 10% in 2026 amid heightened Middle East tensions, though prices have eased as the risk of immediate military action diminished and the International Energy Agency lowered its global demand growth forecast. MUFG Research
• [New] California's Senate Bill 100 modeling demonstrates increased reliance on renewable energy, energy storage, and carbon capture technologies, reinforcing sustainability and reliability objectives for 2045. Constellation
• [New] Simultaneously, the Department of Energy is investing millions in U.S. firms developing phase-change material linings for building insulation textiles, which are projected to reduce HVAC loads. Market Data Forecast
• [New] Nowadays, Adani Energy Solutions Ltd is bolstering with a vital HVDC-based, VSC-technology-enabled (Voltage Source Converter) project for Mumbai, which will be explored by late 2025 or early 2026. Precedence Research
• [New] The International Energy Agency projects global electric vehicle battery demand will increase from approximately 300 GWh in 2022 to over 2,500 GWh by 2030, corresponding to a seven-fold increase in cobalt requirements. Discovery Alert
• [New] Tsai's energy war warning is already materializing: data center power demands are exploding, with global electricity consumption for data centers projected to roughly double to around 945 TWh by 2030, and AI-accelerated servers growing at 30% annually. SEMIVISION @_@
• [New] In that scenario, the share of fossil energy could fall to between 30 and 45% by 2050; correspondingly, up to 70% of energy consumption could come from low-carbon sources. EurekAlert!
• [New] France will boost nuclear energy and push for faster adoption of electric vehicles to cut its reliance on fossil fuels by 2035, as European countries become even more divided over the direction of climate policy. youth4planet
• [New] Looking ahead, China's lithium carbonate prices are projected to stay firm amidst low inventory, high cost, and the surge in energy storage demand. Mysteel Global Pte Ltd
• [New] The short-term outlook for the Euro area is supported by a stable inflation path, set to remain on target around 1.9% yoy, ticking up to 2% yoy in 2027, supported by lower energy prices. Natixis - Natixis CIB
• [New] Oil prices face meaningful downside risks from a persistent global supply surplus, currently estimated at 3.7 million barrels per day by the International Energy Agency. IG
• [New] Egypt plans a USD4bn investment to develop six refineries, signalling a move to expand energy processing capacity and boost industrial output. Nasser Saidi & Associates
• [New] The Suez Canal and Panama Canal represent other critical bottlenecks in the global energy supply chain, but none carries the concentrated risk profile of the Hormuz passage. Discovery Alert
• [New] The International Energy Agency projects electricity demand from data centers worldwide to more than double by 2030 to around 945 terawatt-hours, slightly more than the entire electricity consumption of Japan today. Macquarie Group
• [New] The GCC region continues to make substantial investments, with the UAE accounting for nearly 70% of total renewable investments between 2013 and 2022, targeting 44% renewable capacity by 2050, supporting US$ 54 billion in energy sector investments by 2030. Persistence Market Research
• [New] India's trajectory aligns with its target of achieving 500 GW of non-fossil energy capacity by 2030, requiring extensive involvement from EPC contractors to scale installations. Persistence Market Research
• [New] We expect 2026 to be an active year across the energy-transition spectrum, from the greenfield development with new projects to operating infrastructure. alliancebernstein
• [New] Fusion energy has attracted $15.17 billion in cumulative private investment across 77 companies pursuing diverse approaches - tokamaks, stellarators, field-reversed configurations, inertial confinement, and Z-pinch systems - with multiple developers targeting demonstration plants before 2035. GlobeNewswire
• [New] BloombergNEF and the IEA agree: battery energy storage capacity will increase almost tenfold between 2023 and 2030, from 85 GW to nearly 800 GW. Zigor
• [New] By 2026, hybridization will evolve from a complementary option into a global operational standard, driven by a historic milestone: annual battery energy storage additions will exceed 100 GW for the first time. Zigor
• [New] Solar and wind energy are expected to quintuple their global contributions by 2045, while energy storage and advanced nuclear solutions gain prominence. Yahoo Finance UK
• [New] Massive capital investments from hyperscalers, including the $100 billion US-based joint venture and a projected $315 billion in total AI Cap Ex by 2026, are a clear leading indicator that industry leaders are preparing for a future of massive, energy-intensive AI workloads. EnkiAI - Find the right insight

Last updated: 27 February 2026