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] The battery storage integration segment is likely to experience the fastest CAGR of 15.3% from 2026 to 2034 due to the critical role batteries play in stabilizing intermittent renewable energy sources like solar and wind, ensuring a consistent power supply within microgrids. Market Data Forecast
• [New] The New York State Energy Research and Development Authority has set goals of delivering 70% renewable electricity by 2030 and a zero-emission electric grid by 2040. The New York Times Company
• [New] Global energy demand will grow by 25% from 2024 to 2050, with the demand for oil increasing by three to five million barrels per day by the early 2030s and natural gas demand expanding briskly into the 2040s. Fraser Institute
• [New] The Department of Defense has identified energy resilience as a critical priority, recognizing that reliance on the civilian grid poses a vulnerability to military operations. Market Data Forecast
• [New] Under AB 2127, the California Energy Commission is required to publish a biennial report on the charging needs of 5 million zero emission vehicles (ZEVs) by 2030. California Energy Commission
• [New] Surging energy prices, Fed FOMC minutes, Nvidia earnings could dominate the coming week. investing.com
• [New] A durable peace agreement is proving elusive, however, and a prolonged closure of the Strait of Hormuz is now the greatest single risk to both energy markets and the global economy. WoodMac.Site.Features.Shared.ViewModels.Metadata.Publis
• [New] NEO shows that solar becomes the world's largest generator overall by 2032, while storage jumps 17-fold to 3.8 terawatts by 2050, underscoring how clean technologies are increasingly critical to energy security, system flexibility and meeting the world's growing power needs. BloombergNEF
• [New] China is rapidly electrifying, with electricity already the dominant final energy carrier by 2023 and coal's share of power generation falling from about 54% in 2025 to 19% in 2035 and 7% by 2050. BloombergNEF
• [New] The power sector, responsible for approximately 40% of global energy-related CO2 emissions today, confronts the dual challenge of tripling electricity demand by 2070 while achieving net-zero emissions during the 2050s. Persistence Market Research
• [New] Global silicon markets remained largely firm during Q1'26 as elevated energy costs, logistics disruptions, and geopolitical tensions offset weak industrial consumption across several downstream sectors. Procurement Resource
• [New] The key opportunity for emerging markets investors lies with non-GCC energy producers. Pendal Group
• [New] Attacks by Russian forces on energy, railway and port infrastructure have continued to cause disruption and endanger civilians' lives. UN News
• [New] Beijing has sold defensive systems to Persian Gulf nations facing Iranian missile and drone attacks, while also positioning itself as an alternative energy supplier, as disruptions in the Strait of Hormuz continue to squeeze global markets. Straight Arrow
• [New] Access to energy will play a key role in how quickly AI technology develops and where data centers and capital investment concentrate, at the same time as it continues to shape international alliances and drive the trajectory of the global economy. JD Supra
• [New] Offshore wind resources are abundant: Offshore wind could deliver large amounts of energy to fulfill the electrical needs of cities along U.S. coastlines. Energy.gov
• [New] Middle East disruption highlights a core climate risk in the global energy system: continued dependence on imported fossil fuels leaves economies exposed to physical chokepoints, price spikes, and delayed decarbonization. ASUENE | The enterprise climate cloud platform | Carbon
• [New] By 2030, 44% of respondents say they plan to manage at least half of their energy portfolios through flexible or controllable loads. PLMA
• [New] The U.S. Energy Information Administration now expects U.S. retail gasoline prices to average $3.88 a gallon in 2026, about 18 cents more than its prior forecast issued in April. ST
• [New] By 2030, electric vehicles are expected to be no longer a niche alternative, but a core direction of the global car industry, reshaping manufacturing, energy systems and consumer expectations. heycar
• [New] Between 2025 and 2050, projected energy-related CO2 emissions could decline between 11% and 38%. / USA EIA - Energy Information Administration
• [New] The collision between the clashing exponential curves of renewable energy supply and AI energy demands will determine not just the trajectory of the global energy system but whether the renewable energy transition succeeds before another technology consumption binge derails it entirely. Scientific American
• [New] Global risks from the Middle East conflict persist, fueling energy/commodity volatility and sterling / gilt fluctuations; MPC views direct impacts as containable if demand slackens to curb secondary inflation effects. IC Your Trading Edge | Official Blog | Blog

Last updated: 22 May 2026