Global Scans · Energy · Weekly Summary

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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] ASEAN is set to account for more than a quarter of global energy demand growth through 2035. CSPO Watch
• [New] Global rare earth consumption forecasts indicate sustained growth through 2035, driven primarily by renewable energy infrastructure deployment and electric vehicle adoption. Discovery Alert
• [New] Clean energy and EVs are now competitive with or even cheaper than traditional alternatives, with markets adopting them at faster rates than experts predicted even a few years ago. Systems Change Lab
• [New] Energy Secretary Chris Wright said the Idaho National Laboratory will begin testing next generation, small modular reactors by next summer and plans to have 10 to 12 of them operating in the next couple of years. Stars and Stripes
• [New] Reflecting Abu Dhabi's leadership in pioneering low-carbon innovation, ADIPEC 2025 will launch the new Low Carbon & Chemicals Expo, showcasing breakthrough advances and pioneering innovators in hydrogen, ammonia, methanol, carbon capture, energy storage, chemicals and clean energy. Adipec
• [New] Energy supply will grow from 870 million tons of oil equivalent in 2020 to 2250 mtoe in 2070 under a net zero scenario. / India Last Week in ConTech
• [New] Startups like Oklo or X-Energy are working on the next generation of small reactors with the first expected in the 2030s. Last Week in ConTech
• [New] Buying appetite from the energy storage sector boomed as China in September unveiled its plan to nearly double its new energy storage capacity to 180 gigawatts by 2027. Reuters
• [New] The world will need six times more minerals by 2040 to meet the global clean energy transition. Daily The Patriot
• [New] Under Vision 2030, Saudi Arabia plans to produce 60 GW of renewable energy by 2030, including 12 GW of new solar capacity and a broader 130 GW renewable portfolio combining solar and wind. Minute Mirror
• [New] Renewable energy investments could generate additional premiums from the energy sector of $237 billion by 2035 if countries deliver on their renewable energy targets. Oxbow Partners
• [New] 2030 Renewable Energy Goal: India aims to produce 50% of its electricity from non-fossil sources by 2030, totaling around 500 GW. Ekam IAS Academy
• [New] With a goal of widespread application by 2027, China's new AI strategy aims to secure itself as the global leader in AI applications in energy by 2030. Forbes
• [New] The U.S. Department of Energy has identified federal sites where tech companies could build data centers to power AI. / USA WSB-TV Channel 2 - Atlanta
• [New] Countries committed to tripling renewable energy capacity and doubling energy efficiency by 2030. Global Fight to End Fossil Fuels
• [New] More than half of the emissions reductions required to meet Europe's 2040 targets depend directly on expanding electricity grids, scaling renewable generation, electrifying transport, and deploying large-scale energy storage. Euronews
• [New] Data center energy consumption alone is set to triple by 2028, driving utility-scale upgrades. Sage Advice US
• [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)

Last updated: 31 October 2025