“Connections between energy, trade and manufacturing are deepening. The new emerging energy economy presents major opportunities for countries looking to manufacture advanced energy technologies, their components and related materials.
While wind and solar markets are mature and well established, new energy investment opportunities are opening up. There was an impressive acceleration of investment in 2024, despite the increased cost of financing amid geopolitical headwinds. Investment in battery storage grew by more than 20% and exceeded $50 billion. Sectors involved in clean hydrogen and sustainable aviation fuel (SAF) announced projects and offtakes, while advanced nuclear regained momentum.Investment in storage, clean fuels, carbon capture, SAF and advanced nuclear could exceed $500 billion per year by 2030, based on current energy transition goals.”
World Economic Forum says Link
