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Global Energy Review 2026 Technology: Battery storage
Battery storage is the fastest growing power technology today. In 2025, 108 GW of new battery storage capacity was deployed worldwide, 40% more than in 2024. Installed capacity is now eleven times higher than in 2021. Lithium‑iron phosphate (LFP) batteries now account for around 90% of deployments; while less energy‑dense than rival chemistries commonly used in EVs, LFP batteries are typically cheaper and better suited to more frequent cycling. Just five years ago, the market share of LFP batteries in deployments was well below 50%. Around 80% of new battery capacity in 2025 was utility‑scale. The remainder was behind-the…
- Key findings
- Global trends
- Oil
- Natural gas
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+ 9 pages
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Financing the ASEAN Power Grid Executive summary
…meet this demand. By 2040, total generation capacity is set to more than double with renewables accounting for 75% of new additions under today’s policy settings. This will require over USD 300 billion of investment in the expansion and modernisation of electricity grids from 2025 to 2040 – a 72% increase compared to investment from 2009 to 2024.Interconnectors are set to be a critical component of this grid build-out. The ASEAN Power Grid (APG) has been a pillar of regional cooperation for decades and has emerged as a cornerstone of the ASEAN energy transition. IEA analysis shows that…
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Electricity 2026 Flexibility
…power systems. In this evolving energy landscape, demand response (DR) programmes are becoming an increasingly important flexibility tool, enabling households and businesses to shift or shed their electricity use in response to grid or market signals.In exchange, DR plans offer financial incentives, typically through contractual arrangements or participation in programmes with utilities, aggregators or system operators, or by direct participation in power markets in the case of large industrial consumers. For end-users, DR flexibility contracts provide inducements in the form of direct payments, rebates, or bill credits for curbing consumption during high-priced, peak-demand periods. When deployed…
- Executive summary
- Demand
- Supply
- Grids
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+ 4 pages
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Global Hydrogen Review 2026 Demand
Global hydrogen demand grew almost 3% in 2025 to surpass 100 Mt, concentrated in traditional uses in industry and refining. The impacts of the conflict in the Middle East render the near-term outlook for current hydrogen applications uncertain, particularly for fertiliser production and trade.Demand for low-emissions hydrogen grew by 20% in 2025, reaching close to 1 Mt. However, sluggish and uncertain policy implementation is failing to address the major barriers to adoption and preventing faster uptake.New offtake agreements for low-emissions hydrogen reached 1.7 Mtpa in 2025, as in 2024. One-fifth of all new agreements were firm…
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Northwest European Hydrogen Monitor 2025
…Europe is at the forefront of low-emissions hydrogen development. This region accounts for around 40% of Europe’s total hydrogen demand, and it has vast and untapped renewable energy and carbon storage potential in the North Sea. It also has a well-developed, interconnected gas network that could be partially repurposed to facilitate the transmission and distribution of low-emissions hydrogen from production sites to demand centres.The development of the low-emissions hydrogen market in Northwest Europe could gradually scale up in the short- to medium-term. Northwest European countries now have ambition to develop up to 30…
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Argentina
Argentina’s total primary energy mix is dominated by natural gas (55%) and oil (33%), with bioenergy contributing 5%, and hydropower and nuclear another 3% each. Argentina has the 2nd largest reserve of shale gas and the 4th largest reserve of shale oil worldwide. In 2019, the country produced 500,000 bpd of oil, of which 89,000 bpd was exported, but the country remains a net importer of oil products. In terms of power generation, Argentina relies on natural gas (65%), hydropower (18%), followed by nuclear 8%, wind (7%) and solar (1%). A set of public policies have boosted…
- Overview
- Energy mix
- Emissions
- Electricity
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+ 5 pages
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Austria
Austria is committed to reaching climate neutrality by 2040. Over three quarter of electricity generation already comes from renewables, with a target of achieving a 100% renewable electricity supply by 2030 (national balance). This requires investments to make networks more resilient and flexible, optimise demand side management, and updating the legal and regulatory framework to allow more consumer participation. Buildings and transport account for around half of total emissions . To progress the transition in these sectors, the government supports building renovation, switching from fossil fuels to sustainable heating systems, the electrification of transport and invests in public transport infrastructure.
- Overview
- Energy mix
- Emissions
- Electricity
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+ 5 pages
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Canada
Canada has set an ambitious target to cut greenhouse gas emissions by 40-45% from 2005 levels by 2030 and to reach net zero emissions by 2050. Canada’s energy and economic profile presents both challenges and opportunities to achieving these targets given its profile as a major producer, consumer and exporter of energy. Energy production and use in Canada accounts for over 80% of the country’s GHG emissions, with oil and gas production alone accounting for around a quarter. Canada’s electricity system is already among the cleanest in the world, with heavy dominance of hydropower as well…
- Overview
- Energy mix
- Emissions
- Electricity
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+ 5 pages
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World Energy Outlook 2022 Outlook for solid fuels
…ended with the EU ban on Russian coal imports. Meanwhile there have been limited short-term fuel switching opportunities to ease demand pressures. The overall result is that global coal prices reached historic highs in the first-half of 2022. Key findings Global coal demand rebounded strongly in 2021 to 5 640 million tonnes of coal equivalent (Mtce) as economies recovered from the pandemic and coal-fired power generation reached a historic high in 2021. Both China and India have boosted investment in domestic coal production, but global production struggled to keep pace with demand increases, causing coal prices to surge…
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Fossil Fuels
Fossil Fuels
