Renewables are in high demand in the energy market in 2024. It is due to a clean energy transition that requires a constant flow of renewables in the energy market. The green transformation to combat climate change brings about several environmental changes. These changes include electricity generation from solar and wind energy; hence, many transformers are required in the market. Globally, the energy market faces issues like a lack of transformers in 2024 to aid the clean energy transition projects. Transformers are the main component, and their sufficient availability supports the green energy transformation in the energy sector.
The leading cause of the slowdown in the clean energy transition process is a shortage of transformers in…
View More
Electrification in the energy sector will ramp up in the United States in 2024. The nation aims to set up data centers and increase the production of electric vehicles, citing the green energy transition. Both activities demand a high electricity supply for better results. Hence, the United States aims to increase electricity demand for positive outcomes in the future.
Based on a survey by the National Renewable Energy Laboratory (NREL) in 2024, electricity demands in the United States can ramp up to 290 TWh (terawatt-hours). This is due to the growing demand for electric vehicles and data centers in the United States. Advanced data centers and cloud computing require artificial intelligence. However, carrying out large amounts of…
View More
United States Rate of Oil and Gas Drilling Activities Drops
The United States went through a decline in oil and gas drilling activities in 2024. Since the beginning of the year, the United States has faced many challenges in keeping up with the oil drilling process. Recently, the surveys showed that the total number of active oil and gas drillings declined in the United States by June 2024.Â
According to the surveys conducted in 2024, the number of oil and gas rigs in the United States decreased to 588. However, it was not the same as the previous year in 2023, when the total number of drilling rigs was 682. This indicates a slowdown in the weekly oil production in the United States in 2024. The weekly oil production in the United States…
View More
Sustainability is a new phenomenon in the energy market as the clean energy transition grows significantly. Different energy market sectors are adopting several ways for effective transformation in 2024. Hence, space technology does not fail to contribute towards green transformation. SpaceX advances towards promoting sustainability in 2024. The company reuses the used rockets to aid in sustainability. Recent surveys show SpaceX is the leading company in sustainable space technology in 2024.
Experts claim that SpaceX's growth has been enhanced through acquiring sustainability. SpaceX is gaining momentum with reusable rockets that cover around 356 launches, 319 landings, and 290 relights. This survey provides data from recent achievements…
View More
There is much discussion around sustainability in the business world. Well-known big companies are investing in renewable energy sources to boost production. However, the small industries fail to invest much in renewable output. Surveys indicate that mid-size and small businesses are identifying several benefits from investment in sustainability in 2024.
According to surveys conducted in 2024, consumers are adopting sustainable approaches to attain clean energy transition. Green transformation is a two-way method, as the role of producers and consumers should be in equilibrium. Therefore, consumers' choices matter, and they rely on responsible industries regarding environmental issues. If consumers adopt sustainability, businesses are…
View More
Artificial intelligence leverages cybersecurity in the technology sector. Nowadays, cybersecurity is a crucial component in safeguarding companies' products and services. A new survey into the matter in 2024 shows that artificial intelligence and cybersecurity help to harness renewable energy, too. The clean energy transition requires heavy production of renewables and their transportation to households and businesses. Hence, there is a lot of discussion about the production and transportation of clean fuels in 2024. The new survey on AI and cybersecurity intersects with the commercialization of clean energy and throws specific radical opportunities. Southern countries are integrating AI and cybersecurity in 2024 for the energy transition.
… View More
The world aims to switch to a sustainable environment and electric mobility in the coming years. It aims to increase the demand for efficient electric cars and their advanced charging options. Hence, low carbon emissions leverage the demand for efficient charging options for electric vehicles in 2024. In a joint venture, two companies, Emobi and Autocrypt, developed electric charging with artificial intelligence in 2024. The collaboration successfully launched plug-and-charge electric charging in the United States in 2024. It is one of its kind, and it is the first United States-based plug-and-charge ecosystem.
Consumers' demand for electric vehicles is lowering for several reasons. These include the nation's lack of charging…
View More
Semiconductors are an important component in the industrial market. Its applications cover a wide range of options in the market. Hence, semiconductor usage in the industries is challenging to reduce. However, the energy market notices that semiconductor manufacturing leads to carbon footprints. Therefore, it may increase environmental carbon emissions that hinder clean energy transition. Research shows that a large amount of water is used to manufacture semiconductors. A recent survey in 2024 shows that water sustainability for semiconductor production is essential.
Based on a survey conducted in 2024, water used in semiconductor manufacturing uses a lot of water. The survey shows that a large semiconductor fabrication facility (Fab)… View More
Electricity is the primary sector in the energy market. It helps in the growth of overall sections of the economy, such as transportation, data centers, and households, among others. The clean energy transition plays a different role in the energy market. The transformation brought several changes to the energy market in 2024. Electrification in various sectors of the energy market hopes for a faster transformation. Electricity generation from renewables is a big task for the clean energy sector. It is difficult to get a constant flow of electricity from renewables without any hindrance. Electricity from wind and solar energy depends on the region's climatic conditions.
In collaboration with NV Energy, Google announces the partnership…
View More
The world seems to be transforming, with nations taking necessary actions related to energy transformation in 2024. The developing and developed economies are ready to invest in producing low-carbon emission-based fuels. Hence, the demand for renewable energy sources is growing daily. Electricity is the primary power hub in advancing societies and electric vehicles, and data centers play remarkable roles. Thus, renewables like wind and solar energy are gaining momentum in producing clean electricity. However, generating electricity from wind and solar for consistent supply is difficult. Therefore, countries like the United States, France, and others plan to use nuclear energy for electricity generation in 2024. Recently, Australia announced…
View More
The global economy faces new challenges in 2024 that economically represent both positive and negative aspects. According to survey data, the global economy will stabilize for the first time in three years. The world economy will experience economic stability after a long period in 2024.
Based on the surveys, global economic growth is expected to reach a 2.6 percent increase in 2024. Researchers believe economic growth will increase by 2.7 percent in 2025-2026. The rise in the stability percentage of the economic ground seems like a regulating factor for global gross domestic product (GDP) growth in 2024. However, the truth lies in the economic stability from 2024. It shows that the current GDP growth rate is still lower than that of ten…
View More
The energy sector will go through dynamic changes in 2024. This is due to the rapid growth of the clean energy transition in the energy sector. Hence, renewables like wind and solar energy are gaining momentum in the market. However, fossil fuels still dominate the energy market compared to renewables in 2024. A survey on the energy market shows fossil fuel's dominance in 2024. Hence, experts suggest faster progress in renewable production to overcome fossil fuel usage.
In the era of sustainability, it is important to boost the adoption of renewables in different market sectors. According to a survey done by World Energy in 2024, fossil fuel consumption globally exceeds all records in 2023. If fossil fuel usage in the energy sector…
View More
Fast moving consumer goods (FMCG) are the important goods that consumers use in their daily activities. These products are otherwise known as consumer-packaged goods, thus, they include a range of products, such as food and beverages, healthcare, personal care, and other packaged goods. world’s new list of top FMCG companies in 2024 shows the food and beverages industry as the leading ones.
The survey conducted in 2024 takes the data till 2023 to release world’s top ten FMCG companies. According to the data from the survey, Nestle and Pepsi are the leading FMCG companies in the world market. The data in the reports are based on the annual revenue of the companies. Experts cites that FMCG companies' growth is dependent on the consumers…
View More
The growing clean energy transition process is forcing companies to make significant decisions regarding the storage of clean energy. Germany's energy market surges in power with necessary steps towards uplifting clean energy. The increasing production of clean energy emphasizes storage systems. Germany will expand its large-scale energy storage system in 2024. Therefore, well-known German companies like The Mobility House and Green Energy Storage Initiative (GESI) collabs in 2024. This joint venture aims to start an initiative for building large-scale battery storage systems in 2024.Â
Based on the data from a joint venture of Germany's two leading companies, The Mobility House and Green Energy Storage Initiative plans for 8 gigawatts of…
View More
Globally, the nations are facing downward momentum in their economic activities. The financial condition of advanced economies is declining rapidly in 2024. Surveys suggest that advanced economies are facing economic challenges due to various transformations. Hence, the countries are facing an increase in debts that affects their financial conditions.
According to surveys, developed economies fall prey to increasing debt rates and declining gross domestic product or GDP growth. It is said that oil consumption and GDP growth are interdependent. Experts claim that oil usage contributes significantly to a nation's economy. Hence, it is important to get a hold of the oil market. The economy of the world works differently at different times. It…
View MoreNews
Renewable Energy Production Slows down due to Lack of Transformers
Renewables are in high demand in the energy market in 2024. It is due to a clean energy transition that requires a…
U.S Electricity Demand to Get Double with AI and EV by 2030
Electrification in the energy sector will ramp up in the United States in 2024. The nation aims to set up data centers…
Rate of Oil and Gas Drilling Activities Drops in the United States
United States Rate of Oil and Gas Drilling Activities Drops
The United States went through a decline in oil and gas…
SpaceX Launches Reusable Rockets to Boost Sustainability
Sustainability is a new phenomenon in the energy market as the clean energy transition grows significantly. Different…
Adopting Technology Elevates Clean Energy Transition in Mid-Size and Small Scale Businesses
There is much discussion around sustainability in the business world. Well-known big companies are investing in…
AI & Cybersecurity in Clean Energy Transition in 2024
Artificial intelligence leverages cybersecurity in the technology sector. Nowadays, cybersecurity is a crucial component…
US Based E-Mobility Companies Collabs to Launch AI Integrated EV Charging in 2024
The world aims to switch to a sustainable environment and electric mobility in the coming years. It aims to increase the…
New Innovations in Semiconductor Industry to Regulate Water Sustainability
Semiconductors are an important component in the industrial market. Its applications cover a wide range of options in…
Google Supports Clean Energy: Geothermal Energy to Power Data Centers
Electricity is the primary sector in the energy market. It helps in the growth of overall sections of the economy, such…
Australia Plans for Nuclear Energy Set Up but Confused over Productivity
The world seems to be transforming, with nations taking necessary actions related to energy transformation in 2024. The…
Global Economy Attains Stability, may Affect Consumers Behavior
The global economy faces new challenges in 2024 that economically represent both positive and negative aspects…
Need of More Renewable’s Growth to Replace Fossil Fuel’s Dominance in 2024
The energy sector will go through dynamic changes in 2024. This is due to the rapid growth of the clean energy…
Consumers Behavior Makes Food and Beverage Companies World Leaders in FMCG Rankings
Fast moving consumer goods (FMCG) are the important goods that consumers use in their daily activities. These products…
German Companies’ Joint Venture to Boost Large Scale Storage in 2024
The growing clean energy transition process is forcing companies to make significant decisions regarding the storage of…
Digital Transformation Slows Down the Global Economy
Globally, the nations are facing downward momentum in their economic activities. The financial condition of advanced…
