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] AI-driven electricity demand is reshaping how digital infrastructure is powered, with data center energy use projected to more than double by 2030 to around 945 TWh [IEA]. Gastech Exhibition & Conference 2026
• [New] Emerging and high-growth economies are expected to account for around 80% of the rise in global electricity demand by 2030 [IEA], driven by energy security needs and industrial expansion. Gastech Exhibition & Conference 2026
• [New] Reducing methane emissions and routine flaring remains one of the most immediate and commercially actionable opportunities to lower emissions across the energy value chain, with the Global Methane Pledge targeting a 30% cut by 2030 and combined public and private funding surpassing US $1bn. Gastech Exhibition & Conference 2026
• [New] More than $121 billion in planned wind, solar, and energy storage investments are at risk due to Trump Administration permitting policies, with approximately 92 gigawatts of proposed clean energy capacity facing heightened federal review and permitting delays. MCAA
• [New] Growth in Li-ion battery sales in the coming decade will continue at a compound annual rate of about 30%, driven by EVs and energy storage systems to 4,000-4,500 gigawatt-hours by 2030. Global Market Insights Inc.
• [New] Findings from the National Renewable Energy Laboratory emphasize that balancing highly renewable power sectors will require scaling grid-scale and distributed diurnal energy storage capacity up to 200 gigawatts by mid-century. Market Data Forecast
• [New] Global data center electricity consumption is expected to more than double by 2030, increasing the need for energy-efficient AI accelerator solutions. Straits Research
• [New] Beijing is aiming for half of China's energy to come from non-fossil sources by 2030, with the share from wind and solar reaching 30%, up from 22% in 2025. The Guardian
• [New] India is the world's third-largest energy consumer, with energy demand projected to nearly double by 2047. Educratias
• [New] The Trump administration's support for a fossil fuel-heavy energy approach is projected to add $30 billion annually to customer bills by 2030. / USA FTI Strategic Communications
• [New] Microsoft Corp. pledged to match 100% of its hourly electricity consumption with purchases of zero-carbon energy by 2030. Insurance Journal
• [New] Analysts expect energy storage deployments of 13.8 GWh for the quarter - a 36% increase from Q1's 8.8 GWh - as Tesla's Megafactory Shanghai approaches capacity. Tech Times
• [New] Namibia has the potential to become a global renewable energy powerhouse. H2TECH
• [New] The Business Forum is a global platform seeking to strengthen cross-sector cooperation and address key challenges and opportunities shaping Arctic economic development, including sustainable investment, innovation, renewable energy, and the blue economy. Arctic Circle
• [New] While energy security imperatives are likely to lead many governments to stockpile fossil fuels in the near-term, the medium to long-term economic case for renewables will strengthen as geopolitical risk inflates the true cost of fossil fuel dependence. Al Jazeera
• [New] The rise in energy prices increased expectations that central banks, particularly the Fed, could keep interest rates higher for longer, weighing on the non-yielding precious metal. MUFG Research
• [New] Clear policy signals and sustained implementation are fundamental to diversifying national energy mixes, increasing renewable energy, reducing dependence on fossil fuel imports and bolstering macroeconomic resilience against global supply chain disruptions. IEA
• [New] The U.S. Department of Energy opened a new funding opportunity offering $2.5 million in direct project support and $1 million in technical assistance to support microgrid development in remote and isolated regions, including tribal communities. Tribal Business News
• [New] The DC government has committed to implementing a once-in-four-generations energy transition from fossil fuels to clean energy to make DC net-zero by 2045. Sierra Club
• [New] Offshore wind power is essential for the UK's energy security and CO2 reduction targets, with the previous government setting a target of 50 GW of offshore wind power by 2030. Innovate UK Business Connect
• [New] The U.S. Energy Information Administration has indicated that the Strait of Hormuz is assumed to remain effectively closed in the near term, with pre-conflict traffic levels not expected to resume until early 2027, leading to significant global inventory draws. tradingkey.com

Last updated: 10 July 2026