Gas Approvals, Offshore Solar & Record UK EV Sales
Energy systems are being shaped by competing pressures, from rising electricity demand and volatile gas prices to the rapid expansion of solar and electric vehicles. New projects and infrastructure decisions also highlight the challenges of building a reliable, affordable and lower-carbon energy system.
🔥 Gas Power Approvals Reach a 25-Year High
Approvals for new gas-fired power plants reached their highest level in 25 years last year, with the US now dominating orders. Rising electricity demand from data centres is becoming a major driver of new gas generation.
☀️ Spain Tests Its First Offshore Solar Demonstrator
Spain has begun testing its first pre-commercial offshore floating solar project at the Port of Valencia. The 1 MW demonstrator uses water cooling to improve panel efficiency, with real-sea testing now underway.
⚡ Italy Faces Rising Power Costs from Gas
Italy is particularly exposed to rising gas prices because gas provides more than 40% of its electricity. Wholesale electricity prices exceeded €200/MWh in September, making Italy the most expensive major electricity market in the EU.
🌍 The World Faces Two Energy Challenges
The global energy system faces two connected challenges: hundreds of millions of people still lack access to modern energy, while most of the world's energy continues to produce greenhouse gas emissions. Expanding affordable, low-carbon energy is central to addressing both.
🚗 UK Electric Car Sales Hit a Record
Electric cars had their strongest month ever in the UK, with nearly 100,000 new battery-electric vehicles sold. Sales were up 36% year-on-year, highlighting the continued growth of the country's electric vehicle market.