Tag: Electricity

Energy, Oil & Gas

Global battery storage capacity to rise sixfold by 2030: GlobalData

Global battery energy storage system (BESS) capacity is forecast to increase sixfold between 2025 and 2030, growing at a 42 per cent CAGR, as rising electricity demand from electrification, industry and AI-driven data centres accelerates investment, according to GlobalData....

Energy, Oil & Gas

Global electricity demand growth to hit 3.6pc in 2026: IEA

The International Energy Agency (IEA) expects global electricity demand to grow 3.6 per cent in 2026 and 3.8 per cent in 2027, driven by electrification, data centres and industrial demand despite LNG market disruptions and energy price volatility....

Energy, Oil & Gas

Sewa completes natural gas project in Dibba Al Hisn

The Sharjah Electricity, Water and Gas Authority (Sewa) said it has completed a project to connect natural gas services to Dibba Al Hisn in the northern emirate. The work involved construction of a gas pumping station, a 46-km pipeline network as well as providing internal connections to 200 residences. ...

Energy, Oil & Gas

EU solar power hits record 25pc share of electricity in June

Solar power became the European Union’s largest source of electricity for the first time in June, generating a record 52 terawatt-hours (TWh) and supplying 25 per cent of the bloc’s monthly electricity, up from the previous record of 47 TWh (23 per cent) set in May 2026....

Energy, Oil & Gas

Dewa ranks first in 13 key performance indicators

Dubai Electricity and Water Authority (Dewa) has announced that it has ranked first in 13 key performance indicators across its operations, alongside leading regional indicators, demonstrating that excellence in Dubai is measured by impact rather than scale alone. ...

Energy, Oil & Gas

Acwa, Taqa in race for Bahrain’s key Sitra IWPP project

Bahrain's Electricity and Water Authority (EWA) has announced that it has received bids from two leading utility developers - Saudi Arabia's Acwa and Abu Dhabi National Energy Company (Taqa) - for the multimillion-dollar Sitra Independent Water and Power Project being set up in the kingdom on a build-own-operate model. ...

Energy, Oil & Gas

Global solar capacity jumps 33pc, China leads clean energy surge

Global solar power reached record levels in 2025, meeting 75 per cent of new electricity demand and driving the first-ever decline in fossil fuel-based power generation. Led by China and India, solar capacity additions surged 33 per cent, accelerating the global clean energy transition....

Energy, Oil & Gas

Dubai sets new record with lowest electricity customer minutes lost

Dubai Electricity and Water Authority (Dewa) has announced that it has set a new world record for the lowest electricity customer minutes lost (CML), at just 0.82 minutes (about 49 seconds) per year. With this, the Dubai utility has surpassed its own previous world record of 0.94 minutes in 2024. ...

Energy, Oil & Gas

TotalEnergies, AllianzG team up for 800 MW German battery storage

As part of its growth in electricity in Germany, TotalEnergies has signed an agreement with Allianz Global Investors (AllianzGI) for the sale of a 50 per cent stake in a portfolio of 11 battery storage projects with a total capacity of 789 MW – 1628 MWh....

Energy, Oil & Gas

PureHealth seals master lease agreement with Yellow Door Energy

PureHealth, the largest healthcare group in the Middle East, and Yellow Door Energy, the leading sustainable energy partner for businesses in the Middle East and South Africa, have signed a master lease agreement to bring clean electricity to its network of hospitals and clinics in the UAE. ...

Energy, Oil & Gas

IEA calls for urgent grid expansion to meet surging electricity demand

Global power demand is set to grow by more than 3.5% per year on average over the rest of this decade, with electricity generation from renewables, natural gas and nuclear all expanding to keep pace, according to a new International Energy Agency (IEA) report. ...

Energy, Oil & Gas

Solar power covers 18pc of Germany's electricity consumption

Solar power in Germany generated significantly more electricity in 2025, with its share of domestic power production rising to around 18 per cent, up from 14 per cent in 2024, the German Solar Industry Association (BSW) said....

Energy, Oil & Gas

Oman Electricity Transmission achieves $750m 5-year green sukuk issuance

Oman Electricity Transmission Company (OETC), the sole owner and operator of Oman's electricity transmission network and a key subsidiary of Nama Group, has announced the pricing and issuance of its inaugural RO 288.5 million ($750 million) 5-year Green Sukuk under its Green Financing Framework....