Europe will need to invest 584 billion euros ($637 billion)to upgrade its power grids this decade, according to European Union estimates.

Russia is expected to reduce both oil and natural gas production this year, according to Deputy Prime Minister Alexander Novak. Oil is projected to fall by 8 million tons to 527 million tons, compared to 535 million tons last year, he said.

The U.S. Department of Energy (DOE) announced up to $3.5 billion from the Infrastructure Law to boost domestic production of advanced batteries and battery materials nationwide.

Blockchain's ability to enable peer-to-peer (P2P) transactions and operate a decentralized marketplace can facilitate consumers to be the producers of energy.

The Brent crude oil price will increase from an average of $90 per barrel (b) in the fourth quarter of 2023 to an average of $93/b in 2024.

A total of $3.5 billion will flow to 58 projects selected in 44 different states for funding. All the named projects are designed to make energy infrastructure climate-proof. Anticipated results include expanding clean energy suppliers, microgrid investments, and significantly increasing gigawatts of renewable energy capacity.

Addressing electric transmission capacity constraints and congestion is an existential necessity to maintain grid reliability while meeting demand.

Funding and support are abundantly available for clean energy projects in America. The federal government has allocated billions in funding to incentivize Americans to move to clean energy.

This month, the California Public Utilities Commission announced $200 million for utilities to invest in multi-customer microgrids.

The definition of a Smart City is “a municipality that uses information and communication technologies to increase operational efficiency, share information and improve both the quality of government services and citizen welfare.”

Today announced $3.46 billion for 58 projects across 44 states to strengthen electric grid resilience and reliability across America.

«Китай и Индия – стратегические партнёры России в части выстраивания нового, справедливого энергорынка и торговой инфраструктуры. Реализуются совместные инвестиционные проекты на территориях обеих стран. Прорабатываются или уже имеются планы по расширению трубопроводных мощностей по доставке нефти и газа из России в Китай», – заявил Николай Шульгинов.

The Brent spot price increasing to average $95 per barrel (b) in 2024.

The Electric Reliability Council of Texas estimates that there is an almost 20% probability that the state grid will enter into an energy emergency alert, or EEA, if there is a repeat of last year’s December storm. Procuring 3,000 megawatts will cut that probability to less than 10%.

Over the past 15 years, the UAE has invested over US$40 billion in clean energy projects, Al Mazrouei went on to say, adding that this figure is likely to range between $150-200 billion through 2030 to ensure that the UAE's energy demand is met and maintain the sustainable growth of the country's economy.