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Electrolysers
Country and regional highlights
Progress is spread across different continents, from China, which leads on installed capacity, to the European Union, which have adopted important policies, and other regions like India and the Middle East moving forward with a small number of large-scale projects
Technology deployment
Global installed electrolyser capacity reached 1.4 GW at the end of 2023, almost double the one at the end of 2022
Technology manufacturing
Innovation
Policy
Investment
Acknowledgements
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Electricity 2026 Prices
…crisis highs, they remain above 2019 levels, and non‑energy charges – such as networks, taxes and fees – continue to take up a large share of bills. Electricity is also often taxed more heavily than natural gas, raising its relative cost and weakening incentives for households to electrify heating, cooking and hot water. As a result, policy makers are increasingly focusing on market and regulatory reforms to improve affordability while still ensuring prices reflect costs and encourage demand‑side flexibility. Wholesale prices continue to differ across regions In many markets wholesale prices increased year-on-year in 2025 amid higher gas prices, following…
- Executive summary
- Demand
- Supply
- Grids
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+ 4 pages
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Battery storage is scaling up and taking on a larger system role
Commentary As the result of falling costs and greater flexibility needs, battery storage is playing a growing role in power systems worldwide, acting as a “multi-tool” that can provide a range of critical system services at once. According to the latest data, the deployment of batteries expanded strongly in 2025 and broadened across markets – with rapid growth in countries such as Australia and Saudi Arabia, where storage is increasingly being used to support the integration of rising shares of variable renewables.In regions that have been at the forefront of renewable integration and battery deployment, batteries now play an…
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Oil Market Report - May 2026
The May edition of the IEA’s Oil Market Report is exceptionally provided free of charge in an abridged format.For access to the full report, subscribers can visit their Products page.The IEA Oil Market Report (OMR) is one of the world's most authoritative and timely sources of data, forecasts and analysis on the global oil market – including detailed statistics and commentary on oil supply, demand, inventories, prices and refining activity, as well as oil trade for IEA and selected non-IEA countries. Highlights World oil demand is forecast to contract by 420 kb/d y-o-y in…
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Carbon Capture, Utilisation and Storage
Carbon Capture, Utilisation and Storage
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Breakthrough Agenda Report 2025 Steel
…recent years, while direct CO2 emissions intensity has seen an uptick since 2021. Both must fall in the coming years to get on track with the IEA’s Net Zero Emissions by 2050 Scenario (NZE Scenario). Cost Blast furnace-basic oxygen furnace (BF-BOF) routes make up about 70% of global steel production today.Hydrogen direct reduced iron electric arc furnace (H2 DRI-EAF) routes are emerging as a preferred low-emissions option in certain regions. Early commercial plants using 100% hydrogen blends are estimated to cost 50-140% more than BF-BOF plants today, varying based on region, which…
- Executive summary
- Power
- Hydrogen
- Road transport
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+ 4 pages
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Policy Toolbox for Industrial Decarbonisation
The Policy Toolbox for Industrial Decarbonisation is a repository of policy instruments available to assist governments as they design, develop and implement their strategies for industrial decarbonisation. This work, undertaken as part of the Climate Club's Work Programme, builds on the policy toolbox outlined in IEA’s 2022 Achieving Net Zero Heavy Industry Sectors in G7 Members report, with the addition of further details on the instruments and considerations for implementation.A robust industrial decarbonisation policy strategy is likely to include multiple different instruments, as governments choose the instruments that are most suited to their individual circumstances and objectives…
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United Kingdom
…2050 and to put in place carbon budgets. UK emissions have already fallen by around 50% since 1990, indicating a strong start. Looking ahead, an important pillar of the energy transition will be decarbonising the power sector through sizeable new investments in renewables and nuclear while also focusing on new technologies such as CCUS, hydrogen and small modular reactors. As a historic oil and gas producer, the UK is looking to address declining North Sea production and redirect the region's capacity to clean technologies. The strategies align with UK industrial policies to create new jobs and build manufacturing expertise.
- Overview
- Energy mix
- Emissions
- Electricity
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+ 5 pages
![United Kingdom Flag]()
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Gas Market Report, Q2-2025
Global natural gas demand continued to expand through the 2024/25 heating season, with growth primarily driven by Europe and North America. Underground storage facilities and reserve mechanisms provided crucial flexibility to the gas system and ensured stable and secure gas supplies over the 2024/25 heating season. In 2025, global gas demand growth is forecast to slow from the previous year amid tighter market conditions, while heightened macroeconomic uncertainties may also weigh on demand.Low gas storage levels and reduced piped gas exports from Russia to the European Union are expected to keep market fundamentals tight. Supported by higher…
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Chile 2050 Energy Transition Roadmap
…by 2050 while expanding economic growth and improving energy security and affordability. This pathway relies on four pillars: accelerating energy efficiency, decarbonising the power sector, electrifying end-use sectors, and building modern, resilient electricity grids. The report examines the investment needed to realise the pathway, the opportunities to reduce household bills, and the improvement of air quality. It explores how Chile can also leverage its natural resources in the global energy transition with opportunities for the country to move up the value chain in critical mineral production and become a competitive global exporter of low-emissions hydrogen. Executive summary translation
