Cybersecurity spending in the energy industry ‘will rise to $10 billion by 2025’
The rapid digitalisation of the oil and gas industry has made the industry increasingly vulnerable to cyberattacks, says GlobalData. The leading data and analytics company notes that companies must now fortify their cybersecurity posture in line with their digitalisation strategy or risk financial and reputational harm. GlobalData’s latest report, ‘Cybersecurity in Oil and Gas – […]
APAC to lead global battery energy storage market
The Asia-Pacific (APAC) region is set to lead the global battery energy storage market, accounting for 68% of the global market value through 2026, with China, Japan, India, South Korea and Australia propelling the regional market. That’s according to GlobalData’s latest report, ‘Battery Energy Storage Market Size, Share and Trends Analysis by Technology, Installed Capacity, Generation, […]
Nuclear ‘should have extended role’ in clean energy mix
With the world looking to consolidate ventures in cleaner and greener electricity sources post-COVID-19, electricity from nuclear sources offer a key option. The World Nuclear Association in a recent study states the opportunity for governments to invest in nuclear energy, which addresses the COVID-19 crisis and manages issues such as climate change, air pollution and energy crisis. Somik […]
Transition to renewables ‘to fuel post-COVID recovery’
Investment in renewable energy expansion will be an important cog in the wheel towards the post-COVID-19 economic recovery journey. Expanding the renewables will not only help countries deliver stronger climate action under the Paris Agreement, but also fuel the economic activities across the value chain forming a powerful recovery mechanism to recuperate from the COVID-19 crisis. That’s […]
Netherlands praised for green energy policies
The 2020 Sustainable Energy Production (SDE+) plan in The Netherlands’ spring budget will make its CO2 reduction target feasible and affordable, say analysts at GlobalData. The Dutch Government plans to double the green energy subsidies to €4bn in 2020, from a previously planned €2bn, to meet its promise to cut CO2 emissions. The Dutch Climate […]
UK power market hits consolidation as Brexit looms
A major change is underway in the UK power market, with increasing competition, regulatory headwinds, growth in renewables and investors’ uncertainty in Brexit all playing a part. That’s according to research by GlobalData, which says a significant number of mergers and acquisitions (M&A) within the UK power sector has signalled a period of consolidation, along […]
Renewables to represent 30% of US total installed capacity by 2030
The contribution of renewable power to total installed capacity in the US is expected to double from 15% in 2018 to 30% by 2030, reaching a total of 442.8 gigawatt (GW). According to the latest numbers from GlobalData, that’s equivalent to a compound annual growth rate (CAGR) of 7.3%, attributed to more states adopting and updating […]
Energy M&A activity hit $158bn in 2018
Transaction volumes within the global power mergers and acquisitions (M&A) market remained strong through 2018, reaching US$158bn, the second highest in the last five years. Deals registered in 2018 decreased slightly, from 651 to 622 in 2018. The statistics, researched by leading data and analytics company GlobalData, found that out of the 622 transactions reported […]
The energy storage market ‘paving the way for next energy revolution’
The energy storage market has caught the eye of a number of stakeholders involved in the power industry, leading to its considerable growth and opening the way for the next energy revolution. So says GlobalData’s latest thematic report, Thematic Research: Energy Storage, which highlights the present scenario and emerging market trends across electrochemical, mechanical and […]
APAC shifting towards renewable energy auctions
Asia Pacific (APAC) countries are adopting several strategies and roadmaps to achieve the renewable energy targets designated by their governments. Countries such as India, Kazakhstan, Indonesia, Pakistan and Taiwan have implemented auctions to drive their renewable energy market, according to GlobalData. The company’s latest report ‘Asia Pacific Renewable Energy Policy Handbook 2019’ reveals that regulatory […]