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Global Hydrogen Review 2025 Investment and innovation
…United States allocates a larger share to CCUS-equipped production. Over 50% of total investment in 2024 and 2025 targets hydrogen use in oil refining and industrial facilities with existing hydrogen demand.Guarantees and risk-sharing instruments are essential to scaling up hydrogen projects, particularly for first-of-a-kind deployments and emerging technologies. Collaboration among original equipment manufacturers (OEMs), project developers, public funders and insurers may help reduce perceived risk and strengthen investor confidence.Hydrogen venture capital (VC) fundraising fell by one-third in 2024, outpacing declines in broader energy VC. Publicly traded hydrogen companies have also continued to see…
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Unlocking Ukraine’s Hydrogen Opportunity: A Roadmap Policy recommendations for the coming 2-3 years
Prioritise deployment of renewables to boost energy security and create an enabling environment for future hydrogen development Ukraine currently lacks adequate power generation capacity and restoring energy security must be a priority. Any activity focused on accelerating deployment of renewables will have positive spillover effects for hydrogen, by building experience across the workforce and companies and helping to build confidence among potential investors. This will also indirectly reduce the cost of capital by reducing the uncertainties related with renewable electricity generation. Similarly, any efforts related to permitting and administrative processes for renewables can also support the creation of standardised processes…
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Unlocking Ukraine’s Hydrogen Opportunity: A Roadmap Unlocking the opportunity - A roadmap for action
…will be key. Introduction Hydrogen and its derivatives could offer a valuable opportunity for Ukraine in the long term. Taking advantage of this opportunity will require action outside and within the energy sector to improve the business case for hydrogen projects. Looking at the economy, improving revenues and public finance and debt management will be crucial to balance the public budget and enable the necessary investments in reconstruction. From the perspective of restoring energy supply, the power sector must be a key priority in order to ensure energy security and capacity adequacy. From the lens of decarbonisation, hydrogen has a…
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Energy and AI Energy supply for AI
Global electricity supply to meet data centre demand Global electricity generation to supply data centres is projected to grow from 460 TWh in 2024 to over 1 000 TWh in 2030 and 1 300 TWh in 2035 in the Base Case. Over the next five years, renewables meet nearly half of the additional demand, followed by natural gas and coal, with nuclear starting to play an increasingly important role towards the end of this decade and beyond.Coal, with a share of about 30%, is the largest source of electricity, though this varies significantly by region, with the highest contribution found in China. Renewables – primarily wind…
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Universal Access to Clean Cooking in Africa Outlook for clean cooking in Africa
Off the back burner? Based on today’s policies, investment and market trends, only three African countries are set to reach universal clean cooking access by mid-century. Sub-Saharan Africa could achieve universal coverage by 2040, if countries were to replicate the best historical rates of progress seen in similar countries around the world – a pathway explored in the new Accelerating Clean Cooking and Electricity Services Scenario (ACCESS). It will require 80 million people to gain access annually, or a 4.7 percentage point improvement in access rates each year, comparable to rates of progress seen in Indonesia, Cambodia…
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Pledges to Progress 2025 Recommendations
…been stronger. The increased regulatory and policy focus on reducing methane and flaring emissions from oil and gas production, the degree of cost-effectiveness in pursuing reductions, and the uptake among industry, investors and others suggest that all stakeholders are well aware of the opportunity for climate mitigation and operational efficiency.In many cases, large improvements in company scores could be achieved with better reporting and increased transparency, especially since companies are likely to be doing more than they are disclosing. This would also provide assurances to external stakeholders that the industry is turning its public pledges into action. Specific…
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Global Methane Tracker 2025 Accelerating industry action
…momentum is positive and some operators have taken demonstrable steps forward, globally the industry has yet to demonstrate consistent progress in methane reductions. Reducing methane is the single-most effective and cost-efficient way for the industry to minimise overall emissions. The gains are not solely environmental: fossil fuel operations with lower emissions intensity are likely to have an increasing commercial advantage over higher-emitting sources. Upstream operators can improve their emissions performance through cost-effective abatement programmes Credibly reducing emissions from upstream assets should be a top priority. Upstream operations are not just the main source of emissions…
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World Energy Investment 2025 Japan and Korea
…the growth in electricity demand.In the next decade, promoting renewable power will be crucial for securing energy supplies and increasing domestic energy supply to alleviate pressure on the trade balance. In recent years sustainable bonds for nuclear-related investment have emerged, and government involvement will be essential for large-scale investments.Furthermore, Japan and Korea will continue prioritising long-term liquified natural gas (LNG) contracts to mitigate short-term price volatility, while accelerating emissions reductions through proper planning and investing in clean energy. Given the similarities in their energy mix, co-operation between the two countries will be beneficial…
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Demand and Supply Measures for the Steel and Cement Transition Executive summary
…contribute to the achievement of internationally-agreed government objectives for net zero emissions. Such scale-up requires the production and use of these materials to grow from essentially zero today to capture nearly the entire market within the next few decades, shifting away from high-emissions conventional production and demand. The steel and cement sectors account for 14% of global energy and process-related emissions on a direct basis, making them central to the decarbonisation challenge. First mover producers of near-zero emissions materials are beginning to position themselves to compete in such markets, including through the development of definitions…
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Global EV Outlook 2025 Electric vehicle batteries
…doubledBattery demand in the energy sector, for both EV batteries and storage applications, reached the historical milestone of 1 TWh in 2024. Demand for one average week alone in 2024 exceeded the total demand for an entire year just a decade earlier. Demand was largely driven by growth in EV sales, as demand for EV batteries grew to over 950 GWh – 25% more than in 2023. Electric cars remain the principal factor behind EV battery demand, accounting for over 85%. Compared to 2023, the sector whose demand grew the most was electric trucks, growing over 75% in 2024 to reach nearly 3…
