A cumulative USD 150 trillion is required to realise the 1.5°C target by 2050, averaging over USD 5 trillion in annual terms.

Two camps, one led by Germany and the other by France, are fighting it out, each with a blocking minority on a specific point: Should low-carbon hydrogen be taken into account when measuring the efforts of member states to reach the target of 45% of renewables in their energy mix by 2030?

The key is reliable and independent data flows and communications between smart meters and the whole interconnected world of the smart electric utility of the future.

Renewable generation capacity increased by 295 GW (+9.6%) in 2022. Solar energy continued to lead capacity expansion, with a massive increase of 192 GW (+22%), followed by wind energy with 75 GW (+9%). Renewable hydropower capacity increased by 21 GW (+2%) and bioenergy by 8 GW (+5%). Geothermal energy increased by a very modest 181 MW.

Energy Infrastructure: Low-carbon heating requires technologies that ensure an efficient and secure integration into the (electrical) grid.

Africa’s ability to leapfrog traditional power systems and adopt renewables on a massive scale is not a fantasy. In-depth studies from Wärtsilä have demonstrated that with the adequate support of flexible power technologies, ambitious renewable energy objectives in Africa are not only achievable, they also represent the soundest and cheapest strategy for the successful electrification of the continent.

As the EU pushes more broadly to bolster clean energy, it’s also responding to concerns that green industries could emigrate to the US and China, with the price that Europe pays for its energy a driving factor.

The Brent crude oil spot price will fall from an average of $84/b in the second quarter of 2023 (2Q23) to $81/b in 4Q23 and then average $78/b in 2024.

The latest issue of EIA's "Electric Power Monthly" report (with data through December 31) reveals that renewable energy sources (including small-scale solar systems) increased their electrical output by 12.37% last year compared to 2021.

The US Department of Energy (DOE) has numerous programs that provide funding to support energy resilience projects throughout the country.

By leveraging digital technologies like artificial intelligence, data analytics, and the Internet of Things (IoT), the Digital Green Grid can optimize energy production, distribution, and consumption in real-time, reducing waste and maximizing efficiency.

The U.S. Department of Energy (DOE) released application guidance for the second award cycle of the Civil Nuclear Credit (CNC) Program (BIL provision 40323), a $6 billion investment

The U.K. and U.S. announced the Strategic Energy Dialogue (SED) in June 2021 as the primary bilateral forum to enhance and expand cooperation across shared energy security and resilience, clean energy, and net zero objectives.

"Nuclear energy is one of many tools to achieve our climate goals, to generate base-load electricity and to ensure security of supply," the French ministry noted.

The Baihetan station is the world's second-largest hydropower station by capacity, behind China's Three Gorges hydropower station with 22.5 GW of installed capacity.