Energy Transition

Energy storage is a serious impediment to a worldwide green energy transition. The world has evolved dramatically in the last ten years—clean energy used to be a buzzword reserved for environmentalists. Large energy businesses that formerly avoided renewable energy projects have now embraced the transition to produce more energy while mitigating the consequences of climate …

Could Hydro Pump Energy Storage be the Solution To Green Energy Shift? Read More »

Escalating tensions with Russia are pushing European politicians to face an unpleasant reality: Vladimir Putin calls the shots when it comes to Europe’s energy requirements, Time writes. The European Union imports 35% of its natural gas from Russia. As countries such as the Netherlands and Germany have reduced domestic fossil fuel production in recent decades, …

Tensions with Russia may aid Europe’s transition to a cleaner energy future Read More »

Nearly 40% of the electricity consumed in the EU in 2020 came from renewable sources, Reuters reported with reference to Eurostat. “EU countries use renewable sources to cover 37% of their gross electricity consumption. In 2019, this figure was 34%,” Eurostat noted. Austria and Sweden became the leaders in green energy consumption – in these …

Share of RES in EU’s energy system reached 37% in 2020 Read More »

The installed capacity of power plants based on renewable energy sources (RES) in 2022 will increase by 295 GW, which will be a record increase for the second year in a row, according to the World Economy Review 2022 by the international consulting company PwC. The experts also noted that in 2022, a third of …

PwC: Global renewable capacity growth set to hit record in 2022 Read More »

Global investment on low-carbon energy transition increased by more than a quarter in 2021, led by the electric vehicle and renewable power industries. According to a recent BloombergNEF analysis, total investment hit $755 billion, a 27 percent increase over the previous year. The record-breaking statistics demonstrate how strong investor demand is for technology critical to …

Energy transition drew record $755bn of investment in 2021 Read More »

After two years of the highest and lowest petroleum prices in a decade highlighted flaws in the fossil fuel supply chain, major energy corporations are speeding up their shift to renewable energy, according to Capital.com. Although the majority of the shocks to the energy markets were brief, the most recent period of uncertainty prompted the …

Pandemic accelerates industry’s transition to renewable energy Read More »

The British government initiated the project to develop and build fusion reactors in the UK as the basis for the energy of the future, the press service of the Prime Minister’s Office said on January 24. Fusion reactor sites could be approved during 2022. According to the UK’s green energy vision, “fusion energy is critical …

UK plans to build a network of fusion power plants Read More »

The German authorities have decided to close half of the nuclear power plants (NPPs) in the country, Associated Press reported. On December 31, three of the six remaining nuclear power plants stopped working. The remaining three are planned to close before the end of next year, after which the German energy sector will completely switch …

Germany closes half of its nuclear power plants Read More »