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Fossil fuels to supply up to 55% of energy by 2050

Fossil fuels to supply up to 55% of energy by 2050

This will be driven by energy needs in transport, heavy industry, data centres and buildings.

Green hydrogen to capture 88.6% of low-carbon market by 2030

GlobalData forecasts electrolyser growth will reduce natural gas-based Blue Hydrogen’s share.

Energy transition stalls as regions lag across key clean technologies

McKinsey flags regional gaps across net-zero technologies.

Geopolitics, high interest rates stall 2030 decarbonisation progress

Defense mandates of up to 5% GDP divert funds from green initiatives.

$3t investment supercycle to drive global data centre growth by 2030

Renewables, storage, and gas reshape global data centre energy.

Global VPP market could hit $14.8b as falling battery costs fuel grid shift

This will be driven by AI, decentralisation, and solar-plus-storage adoption.

IRENA underscores AI’s role in systemic energy innovation

It spotlights 40 innovations modernising grids and energy access.

Utility scale battery storage costs fall to US$125 per kWh

Core equipment costs can rise to around US$100 per kilowatt-hour or more in markets with higher tariffs, among others.

Power sector shift drives coal consumption down after record 2025

Coal usage will decline due to increasing competition with other energy sources.

Global power grid investment reaches US$359b in 2024: report

But it fell short of the USD671b annual investments needed to be reached between 2025 and 2030, IRENA said.