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European consumers are once again exposed to a significant “geopolitical premium” at the pump, with oil prices surpassing $100 a barrel and T&E research projecting an extra €150 million daily in fuel costs.
SK On Targets 10 GWh US Energy Storage Contracts Amid Soaring AI and Renewable Power Demand
SK Innovation’s battery unit, SK On, is actively negotiating with multiple U.S.-based data center operators and energy developers to supply lithium iron phosphate (LFP) batteries for energy storage systems, aiming to secure at least 10 gigawatt-hours of contracts in 2026.
Iran Turns the Strait of Hormuz Into a Persistent Geopolitical Lever, Keeping Oil Above $100
Oil markets are pricing in a new strategic reality as Iran effectively blocks the Strait of Hormuz, with Brent crude holding above $100 per barrel despite the largest coordinated emergency reserve release in history.
The United Nations Economic Commission for Europe convened an online Training Workshop on Circular Economy Monitoring for EU Eastern Partnership countries.
Samsung SDI has secured an additional battery supply contract worth approximately 1.5 trillion won, about $1.1 billion, for energy storage system batteries in the United States, extending deliveries through 2029.
Canada’s ambitions to become a major exporter of green hydrogen are increasingly intersecting with another fast growing source of electricity demand: data centers.
Thailand is intensifying its focus on low-carbon electricity as the Electricity Generating Authority of Thailand (EGAT) and Korea Hydro & Nuclear Power (KHNP) convened the KHNP–EGAT SMR Technical Seminar in Bangkok.
Solar photovoltaic capacity in the United Arab Emirates is projected to increase nearly fivefold over the next decade, rising from 6.7GW in 2025 to 32.3GW by 2035, according to analysis from GlobalData.
Project Kirkenær, the first permanent geological CO2 removal initiative by Norwegian developer Carbon Centric, has cleared a key milestone with the successful completion of the Puro.earth Preliminary Assessment.
Global Renewable Capacity Set to Double by 2031, but Two-Speed Expansion Is Already Underway
Global renewable energy installed capacity stood at 4.1TW in 2025. According to GlobalData’s latest “Renewable Energy: Strategic Intelligence” report, that figure is forecast to reach 8.4TW by 2031, a compound annual growth rate of 13% over six years.
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