What are the latest trends in the power and utilities sector?

Thermal power, which accounts for the bulk of China’s carbon footprint, fell 4.3% in May from the previous year, the biggest drop since 2022, the statistics bureau reported on Monday.

Huge investments made over the past decades in the development of alternative energy sources have not led to the displacement of fossil fuels from the energy market, and the green transition strategy in its current form cannot ensure the sufficiency, availability and reliability of energy sources.

ADIPEC 2024 will be held in Abu Dhabi from 4-7 November 2024, with a renewed commitment to advancing tangible action across the entire energy value chain, accelerating decarbonisation and advancing the global energy transformation.

In the conclusion of the St.Petersburg International Economic Forum,it is clear and evident that Russia has its hands firmly on the global economic growth steering wheel.Their calibration on the global compass remains top notch and success is all for the taking.

The synergy between carbon-based fuels and renewables in energy trading, facilitated by innovative policies and supported by advanced software technology, offers transformative opportunities for the energy sector.

The apparent enthusiasm of the UN and the governments of the developed nations for Net Zero by 2050 is not shared by the developing and not-yet-developing nations, which place higher priority on economic development, with little regard for the resulting greenhouse gas emissions.

In the end, it isn’t that complicated: If climate change is an existential risk, surging output of good, cheap Chinese EVs is a good thing.

Committee chairman Sen. Joe Manchin (D., W. Va.) and other members spoke about the grid needing to rely on fossil fuels longer than expected and attendant delays to the transition to emissions-free energy, upsetting a major part of President Biden’s climate change agenda.

Australia stands on the precipice of an impending power shortage crisis, set to hit households and businesses along its eastern coastline by 2027.

According to a 2021 McKinsey report, we’ll need more than 1.5 TW of long-duration storage by 2040 to maintain grid reliability.

Already in mid-April, August power prices for Dallas soared to $168.70 a megawatt-hour, which was the highest level in five years for this time of the year,

There is a growing political focus on the need to develop renewables, with countries agreeing at the COP28 climate summit in December to work towards tripling capacity to 11,000GW by 2030. 

ADIPEC 2024 will be held in Abu Dhabi from 4-7 November 2024, with a renewed commitment to advancing tangible action across the entire energy value chain, accelerating decarbonisation and advancing the global energy transformation.

As digital technologies evolve, so too does their appetite for energy. This correlation is particularly evident in the realm of data centers, which are increasingly burdened by the demands of artificial intelligence (AI).