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Global Energy Review 2026 Technology: Battery storage
…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-meter capacity installed by commercial and residential consumers. Battery storage durations are gradually lengthening. While most projects still cluster around two hours, an increasing number can be deployed for…
- Key findings
- Global trends
- Oil
- Natural gas
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+ 9 pages
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Artificial Intelligence
…effects are poised to be particularly strong in some countries. For example, in the United States, data centres are on course to account for almost half of the growth in electricity demand to 2030; in Japan, more than half; and in Malaysia, as much as one-fifth.A diverse range of energy sources will be tapped to meet data centres’ rising electricity needs globally – though renewables and natural gas are currently set to take the lead due to their cost-competitiveness and availability in key markets. Uncertainty around current and future data centre consumption calls for a scenario-based appro...
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Curacao
Curacao
- Overview
- Energy mix
- Emissions
- Electricity
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+ 5 pages
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Key Questions on Energy and AI Executive summary
The AI and energy nexus continues to evolve rapidly The largest technology companies are contributing to a surge in data centre investment, as their capital expenditure exceeded USD 400 billion in 2025 – and is expected to jump by another 75% in 2026. Capital expenditure of just five technology companies is now larger than global investment in oil and natural gas production. Many jurisdictions are seeing project pipelines accelerate dramatically, although not all projects will come to fruition. Those that are moving forward are doing so at pace: the IEA’s unique satellite-based tracking shows that “artificial intelligence (AI) factories…
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Gergely Molnar
Energy Analyst – Natural Gas.
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Jose M Bermudez
Energy Technology Analyst. Jose M Bermudez is an Energy Technology Analyst at the International Energy Agency (IEA), where he coordinates the analytical work of the IEA in hydrogen technologies. He is also the coordinator of the Clean Energy Ministerial Hydrogen Initiative. Jose has more than 15 years of professional experience, working in research, innovation and energy policy in the areas of hydrogen, bioenergy and alternative fuels.
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Chemicals
Chemicals
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Gaston Siroit
OEMLAC Director and Technical Advisor to the Executive Secretary of OLADE. Gastón Siroit is an energy and mining specialist with over twenty years of experience across Latin America and the Caribbean. He currently heads the OEMLAC and serves as Technical Advisor to the Executive Secretary of OLADE, leading regional initiatives on energy transition. His work focuses on regulatory frameworks, climate and energy policies, and project implementation for low-carbon development. Previously, he served as Technology Director at Argentina’s Secretariat of Energy and earlier held senior roles within Total and Shell in Europe, Africa, and South America. He holds engineering degrees from ITBA and INSA Toulouse, and a master’s in project management from Mines Paris - PSL (formerly École des Mines de Paris).OLADE serves as the leading intergovernmental platform for energy dialogue and cooperation in Latin America and the Caribbean, fostering integration, knowledge exchange, and investment to acceler...
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Stève Gervais
Head of Unit - Montly Oil and Gas Statistics.
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Real-Time Electricity Tracker
Explore and compare real-time data on electricity demand, generation and spot prices, trade, and CO2 emissions from more than 50 sources
