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] CFS, which is based in Cambridge, Massachusetts, and other firms including Helion Energy in Everett, Washington, and TAE Technologies in Foothill Ranch, California, say that they will deliver commercial fusion plants by the early 2030s. Electricity Info
• [New] Fusion energy has the potential to deliver carbon-free, always-available power at scale to meet rapidly growing global energy demands. ERVA
• [New] In cooperation with the EIB Group, the Commission will step up support to private investments in the next generation of clean energy technologies including, among others, long-duration energy storage, floating wind, floating solar, ocean energy (wave and tidal), and airborne wind energy. Energy
• [New] Roughly $2.2 trillion is expected to flow into clean energy, including renewables, nuclear, grids, storage, efficiency and electrification. Forbes
• [New] Energy efficiency financing will be strengthened, notably through increasing the capacity of the InvestEU Sustainability Guarantee product, managed by the European Investment Fund. Energy
• [New] In the area of nuclear energy, the Commission and the EIB will address financing challenges associated with small modular reactors (SMRs) due to higher technology and deployment risks, in line with the SMR strategy. Energy
• [New] At the Pacific Offshore Wind Summit last week in Long Beach, state leaders reaffirmed California's goal of generating up to 25 GW of offshore wind energy by 2045. JD Supra
• [New] Energy constraints on Earth will increasingly limit the growth of artificial intelligence, making space-based power generation and computing capacity an attractive long-term solution. The WealthAdvisor
• [New] The European Commission plans to propose a new regulation next month that introduces goals for smart meter adoption and tax changes designed to promote clean energy. financialpost
• [New] FuelCell Energy stock plunged after weaker-than-expected earnings and revenue overshadowed a 267% surge in its AI-driven project pipeline. Barchart.com
• [New] The CBI expects inflation to increase towards 4% by the end of 2026, driven primarily by higher fuel and household energy costs, alongside rising prices for energy-intensive goods and services. CBI
• [New] If the United States fails to pay sufficient attention to the energy landscape on which future AI growth rests, it runs the risk of higher prices, greater outages, more public backlash to AI, and insufficient energy to effectively compete with China. Atlantic Council
• [New] Fading hopes for a near-term resolution to the Middle East war and reopening the Strait of Hormuz are stirring fears that energy price pressures could morph into wider, systemic inflation. ST
• [New] The U.S. is expected to anchor regional demand as grid resilience priorities, rural electrification gaps, and climate-driven disruption risks accelerate decentralized energy adoption. Persistence Market Research
• [New] Asia's energy advantage: China's renewable surplus may become a strategic asset in the AI race; energy efficiency could overtake transistor density as the key constraint. Amova Asset Management - New Zealand
• [New] EIA projects in the Annual Energy Outlook 2026 Counterfactual Baseline case that total nuclear net summer electricity generation capacity will remain relatively stable, slightly increasing by 99,000 MW in 2050. EIA - Energy Information Administration
• [New] AI demand in energy networks aligns with the sharp escalation of electricity use in digital infrastructure, with data center electricity consumption estimated at 415 terawatt hours and projected to approach 945 terawatt hours by 2030, largely driven by AI workloads. Persistence Market Research
• [New] The shift to net zero is expected to enhance energy security, protecting consumers from international price hikes, and has already created 1.1 million jobs in the UK's green economy. Electricity Info
• [New] The 1,250 MW merchant transmission line, spanning 339 miles, will deliver approximately 10.4 TWh / year of hydropower from Canada to New York City under a 25-year contract with the New York State Energy Research and Development Authority. Constellation

Last updated: 12 June 2026