As Nuclear Power Makes a Comeback, South Korea Emerges a Winner The country has built up the best large-scale atomic-energy industry outside China and Russia. Now it stands to reap financial and diplomatic rewards.

Nuclear energy is making a comeback, and South Korea’s booming reactor industry is reaping the benefits.

Read The Big Take. ⤵️

China's trade data for the first three months of the year indicates downward trends in emissions - coal imports down 1% steepening to 6% in March, net oil imports down 2%, gas imports -10%, iron ore -8%. Yet steel exports continued to rise, up 6%, indicating falling domestic demand.

Global Investment in the Energy Transition Exceeded $2 Trillion for the First Time in 2024, According to BloombergNEF Report | BloombergNEF BloombergNEF’s Energy Transition Investment Trends 2025 finds that investment in the energy transition is higher than ever, but growth has slowed China

Global investment in the energy transition hit $2.1 trillion in 2024, with $0.8 trillion going into EVs 🔋and charging infra 🔌, and $0.7 into renewables ☀️. Total up 11% compared with 2023, which is slower than growth recorded in previous years. #BloombergNEF

about.bnef.com/blog/global-...

Lol who came up with this term? Could just say “windiger Sommertag”.

Atomkraftwerke: RWE-Chef Markus Krebber lehnt Rückkehr zu Atomkraft ab Die Union will das Wiederhochfahren abgeschalteter Atomkraftwerke prüfen. Der Vorstandschef des Energieversorgers RWE widerspricht – wegen der Milliardenkosten und wirtschaftlichen Risiken.

German utility and #nuclear plant operator RWE joins EnBW in rejecting return to atomic energy: “Time to reactivate nuclear plants (…) has run out.” Suggests building new reactors would not address current supply challenges and bears significant financial risk.

www.spiegel.de/wirtschaft/a...

China’s oil consumption peaked in 2023, CNPC says China's refined oil consumption peaked in 2023 at 399 million metric tons (7.98 million barrels per day) and is expected to fall 1.3% to 394 million tons in 2024, CNPC Economics & Technology Research Institute said on Friday.

This is huge: China's refined oil consumption peaked in 2023, says the research arm of the China National Petroleum Corporation (CNPC). Will decline 1.3% in 2024, despite ~4.8% GDP growth projected this year. Why? EVs! (Mostly) www.reuters.com/world/china/... 🔌💡 🔌🚗

Weltweit größter elektrischer Ziegelofen spart Tonnen an CO2 Bei Wienerberger in Oberösterreich werden erstmals Ziegel in einem Elektroofen gebrannt. Der Umstieg vom Gas war nicht einfach.

Wienerberger elektrifiziert sein Ziegelwerk in Uttendorf, Oberösterreich, und spart damit ca. 7000t Co2 pro Jahr, ohne Mehrkosten im Betrieb zu verursachen 💪💚

futurezone.at/digital-life...

Electric Vehicle Battery Packs See Biggest Price Drop Since 2017 The average price of lithium-ion battery packs has fallen the most in seven years, according to a BloombergNEF survey, in a development likely to accelerate price parity between electric vehicles and ...

Electric Vehicle Battery Packs See 20% Price Drop to $115/kWh - Biggest Decrease Since 2017 www.bloomberg.com/news/article...

BNEF subscribers: if you’re interested in an analysis/comparison of the latest #IEA WEO, #NGFS’s 2024 scenarios and our New Energy Outlook 2024, check out our website! Lots of interesting findings and data. #BloombergNEF

Are Global EV Sales Really Slowing Down? | BloombergNEF Around this time last year, reports began highlighting a drop in EV demand. Although growth rates are slowing, EV sales are expected to reach another record. BloombergNEF estimates that sales of EVs, ...

EV sales are heading for another record year. #BloombergNEF estimates that global EV sales, including battery-electric and plug-in hybrids, will climb to 16.7 million units this year, up from 13.9 million in 2023.

Let’s hit 25 million in ‘25!

bloom.bg/3O6GYqd

A starter pack of my colleagues who are analysts at BloombergNEF. Batteries, electric vehicles, modelling, policy, energy economics, solar! Get your BNEF analysts on Bluesky here.

go.bsky.app/SRQaZno

Surging Wind Power to Curb Prices as Europe Braces for Cold Snap Soaring wind power generation will keep electricity prices in check, even as freezing temperatures and snow grip northwest Europe over the coming week.

A cold November meant that European gas inventories are withdrawing at some of the highest rates in more than a decade, but there’s good news: 1) storage was at v high level at start of winter, and 2) strong wind gen will likely keep demand for gas for power lower www.bloomberg.com/news/article...

Texas has installed more solar in the last eight months than 39 states have *ever* installed. Colorado is #12 on the rankings with 4,200 megawatts installed. Texas installed ~20% more than that from March 1 to November 1.... over a gigawatt of solar + storage each *month* this year! #txenergy 🔌🔋💡