May 2021

global investments in energy transition technologies need to more than double to $4 trillion annually until 2050, from $1.8 trillion in 2019,

The last national electricity plan of 2018 predicts a renewable energy capacity of 275GW by 2027, with plans for significant coal capacity additions (to the order of 50GW) during 2017-2022 as well as 2022-27.

Until now, Germany had targeted net-zero emissions by 2050. It has now committed to becoming carbon-negative by that date, meaning taking more carbon out of the atmosphere than it puts in.

Pumped hydro energy storage constitutes 99% of global storage energy.

The NuScale Power Module is a pressurised water reactor with all the components for steam generation and heat exchange incorporated into a single unit.

U.S. Rig Count is up 5 from last week to 453, Canada Rig Count is up 4 from last week to 59.

Brent was down $1.75, or 2.5%, at $67.57 a barrel. WTI was down $1.80, or 2.7%, to $64.28 a barrel.

For 2021, world oil demand is expected to increase by 6.0 mb/d, unchanged from last month’s estimate, to average 96.5 mb/d.

U.S. commercial crude oil inventories decreased by 0.4 million barrels from the previous week to 484.7 million barrels,

Nuclear power, whether large-scale, small-scale, or advanced, will have a key role to play in meeting the country's net-zero by 2050 goal.