Energy News

U.S. energy consumption will decline in 2050: EIA

The U.S. Energy Information Administration’s Annual Energy Outlook 2025 (AEO2025) projects that U.S. energy consumption will decline over the next several years and will not begin to rise again...

OPEC cut its 2025 global oil demand growth forecast

OPEC cut its 2025 global oil demand growth forecast for the first time since December, citing Q1 data and U.S. trade tariffs. Oil demand is...

Highlights of IEA report on Energy and AI

The IEA released a major new report titled Energy and AI, providing comprehensive data and analysis on AI’s impact on the energy sector. Global electricity...

Global coal power hits new record in 2024 with slower growth

Global coal generation grew by 1.4 percent (+149 TWh) in 2024, reaching a new record high, slightly below 2023’s increase of 1.9 percent (+190...

Utilities struggle to meet power demands from AI data centers

U.S. electric utilities are seeing an unprecedented surge in power requests driven by Big Tech’s scramble to build new data centers to support AI...

Renewables: Sierra Space, POLYVANTIS, TenneT, NnG offshore wind farm

Today’s renewable energy news include announcements Sierra Space, POLYVANTIS, TenneT, NnG offshore wind farm, among others. Sierra Space Collaborates with Honda and Tec-Masters to Test...

Ember’s views on Drax receiving £869 mn in public subsidies for biomass burning

Energy company Drax received £869 million in public subsidies in 2024 for burning imported forest biomass, according to a new analysis by Ember. This...

TotalEnergies to expand Northern Lights project

TotalEnergies, along with its partners Equinor and Shell, has announced the Final Investment Decision (FID) for the second phase of the Northern Lights development....

Ember’s views on 18% rise in Russian gas imports to Europe in 2024

Russian gas imports to the EU increased by 18 percent in 2024, despite the bloc's commitment to phasing out Russian energy by 2027. This rise...

Shell revises Capex plans, trimming its annual investment budget

Shell has revised its capital expenditure plans, trimming its annual investment budget to a range of $20 billion to $22 billion through 2028, down...

BPCL VC fund targets startups in energy efficiency and gas distribution

Bharat Petroleum Corporation (BPCL) has launched the ‘Emerge’ cohort under its BPCL Ankur Fund to support startups in Energy Efficiency and City Gas Distribution...