IEA

The International Energy Agency (IEA) warns that energy innovation is slowing as shifting priorities and financing changes hinder progress, despite past investments driving economic and security gains.

The industry will reach the 1 TWh demand milestone in 2024, with China producing more than three-quarters of the batteries sold globally. The concentration of the production chain in the country has led to a fall in costs and a possible technological shift with the focus on LFP batteries. Cooperation between countries can be strategic to diversify the battery production chain and create sustained demand, assesses the International Energy Agency.

The International Energy Agency’s latest market analysis says global solar generation surpassed the 2,000 TWh mark in 2024. It grew by 30% year-on-year for its highest growth rate since 2017, adding 475 TWh in the calendar year.

New patents to integrate artificial intelligence into global grids have grown sixfold over the past few years, with China driving overall innovation momentum. The European Patent Office, co-authors of the report, called for Europe to renew its efforts.

Despite the ongoing implementation of industrial strategies in other countries, the value of China’s exports will exceed $340 billion by 2035, according to the International Energy Agency.

The International Energy Agency’s (IEA) latest report, which maps out the future evolution of clean energy manufacturing, says the combined global market for PV, wind turbines, electric cars, batteries, electrolyzers, and heat pumps will rise from $700 billion in 2023 to more than $2 trillion by 2035.

African governments are being encouraged to leave fossil fuels untapped in return for Just Energy Transition Plan (JETP) finance. Can these new financing plans from Western governments achieve their ambitious aims?

The International Energy Agency projects that solar will attract more investment than all other electricity generation sources combined. Global energy spending is set to surpass $3 trillion for the first time this year.

The world’s reliance on the internet, the shift to cloud computing, and the emergence of AI all fuel demand for more and more data centers. The International Energy Agency (IEA) projects that by 2026, data centers will consume more than 800 TWh annually, more than double their consumption in 2022. Tristan Rayner takes a look at the role that renewable generation plays in powering a digital world.

The Japanese glass, material, and chemical manufacturer announced a successful test using recycled cover glass from solar panels in the manufacturing of float glass, with technology suppled by Tokuyama Corporation.