Global Scans · Energy · Weekly Summary

WHAT'S NEXT?: By 2025 solar energy will be the cheapest energy option globally. In 2040, oil and natural gas are expected to make up nearly 60 percent of global supplies, while nuclear and renewables will be approaching 25 percent. Improvements in energy efficiency in lighting and home appliances are expected to continue to push residential electricity use lower. The burning of coal will fall out of favor. Transportation energy consumption will be rising in correlation to growth in automated vehicles in the coming years.

• [New] South Korea is expected to remain a major exporter of premium lithium-ion battery cells through the forecast period, supported by technological innovation, established automotive partnerships, and increasing demand for high-energy-density battery systems. Persistence Market Research
• [New] The renewable energy storage segment is projected to grow at a remarkable CAGR of 7.2% from 2026 to 2032. 6wresearch
• [New] The European Union's Energy Efficiency Directive revision mandates 11.7% energy consumption reduction by 2030, further accelerating lightweight material adoption. Persistence Market Research
• [New] The Mexican Association of Hydrogen & Mobility, together with Mexico's Ministry of Energy, supports the launch of 18 hydrogen projects throughout Mexico that will use advanced production technologies, including methane pyrolysis. Spherical Insights
• [New] China will likely lead in Asia Pacific in 2026 with a share of about 39.4%, as it is rapidly expanding renewable energy, ultra-high-voltage transmission networks, battery storage, and smart grid infrastructure. Persistence Market Research
• [New] The U.S. Department of Energy finalized standards requiring over 50% of newly manufactured electric storage water heaters to use heat pump technology by 2029. Persistence Market Research
• [New] Renewable Energy Directive III requires 42% of industrial hydrogen to come from renewable sources by 2030, which supports proton exchange membrane electrolysis demand. Mordor Intelligence
• [New] Analysis from Rystad Energy shows the Jafurah shale gas field, set to start production in 2025 and the largest unconventional gas field globally, could displace up to 350,000 barrels per day of crude burn by 2030. Persistence Market Research
• [New] For industry participants, seizing energy storage export opportunities and building next-generation technology reserves will be the core priorities over the next two years. Ebak Battery
• [New] Sodium-ion batteries will enter mass production in the fourth quarter, and has signed the world's largest 60 GWh energy storage sodium battery order. Ebak Battery
• [New] The UAE targets net zero by 2050, and its energy strategy aims for 32% clean energy by 2030, with the Mohammed bin Rashid Al Maktoum Solar Park, targeting 8,000 MW by 2030 and nuclear as its principal vehicles. OBSERVER RESEARCH FOUNDATION ( ORF )
• [New] Clean energy additions will rise by a record 45 gigawatts in 2026. / USA Energy in Demand - Sustainable Energy - Rod Janssen
• [New] An interconnected ASEAN by 2035 will unlock a highly efficient renewable energy system, with cross-border trade exceeding 120 TWh annually. Ember
• [New] Growth in battery energy storage systems is expected to accelerate alongside expanding renewable generation, with the IEA identifying BESS as the fastest-growing power technology at present. Westpac IQ
• [New] A Malaysia-based solar energy project in Kelantan under the Large-Scale Solar programme, with an installed capacity of 99.99 MW and an investment of RM197.9 million, is expected to reduce carbon emissions by 2.52 million tonnes over 21 years. Invest Malaysia
• [New] A Malaysia-based solar energy project in Kedah under the LSS5+ programme, with an installed capacity of 99.99 MW (170 MWp) and an investment of RM261.7 million, is expected to generate renewable electricity and reduce carbon emissions by approximately 2.99 million tonnes of CO2e over 21 years. Invest Malaysia
• [New] The ASEAN Centre for Energy projects total primary energy demand in ASEAN to increase by around 60% between 2020 and 2040, with fuel oil maintaining relevance in the near-to-medium term as countries continue developing gas and renewable energy infrastructure. Persistence Market Research
• [New] India's centralised procurement through Convergence Energy Services Limited is standardising charging interface specifications, which will accelerate pantograph system adoption over plug-in alternatives in large depot environments by 2027. Persistence Market Research
• [New] Lithium-ion batteries are expected to dominate the battery type category with 68% share in 2026, supported by superior energy density and proven flight heritage. Persistence Market Research
• [New] Annual investment in electricity grids needs to increase from approximately USD 400 billion today to more than USD 600 billion by 2030 to support secure energy transitions and achieve national climate goals. MarkNtel Advisors
• [New] By 2040, mineral demand from clean-energy technologies is expected to increase between twofold and fourfold. Natixis Investment Managers
• [New] The energy storage segment is projected to register the fastest growth at a CAGR of 9.12% during 2026-2034, supported by rising demand for high-capacity batteries and long-duration space missions. Straits Research

Last updated: 28 August 2026