Photonomi Group

The offshore wind industry is facing a range of challenges due to policy changes in key markets, supply chain bottlenecks & rising costs Our forecast for its global capacity growth through 2030 is about 25% lower than in our Renewables 2024 report 👉 iea.li/4gVhKsq

The power sector is now the largest energy employer as the Age of Electricity gathers pace, making up around 75% of new energy jobs since 2019 But demand for workers is increasing across all parts of the energy system, not just electricity Learn more 👉 iea.li/4oLoGKU

Explore World Energy Outlook 2025 report 👇 Current Policies Scenario: iea.li/4i3hZ5l Stated Policies Scenario: iea.li/3JVGeFN Implications: iea.li/4nX76Dt ACCESS Scenario: iea.li/47QgRPb Net Zero Emissions by 2050: iea.li/3JD6KE2

Energy efficiency can help address rising power use in the Middle East & North Africa Improving the efficiency of air conditioners in the region could cut peak electricity demand growth in 2035 by the equivalent of Iraq’s current total power capacity 👉 iea.li/43LduX0

Small modular reactors – a promising nuclear technology still under development – could offer reduced costs & faster construction compared to today’s nuclear power plants More on these reactors, their potential & challenges for bringing them to market from IEA’s Brent Wanner 👇

Demand for key critical minerals has grown strongly recent years But major supply increases, led by China, Indonesia & parts of Africa, have put downward pressure on prices, especially for battery metals Lithium prices have dropped over 80% since 2023 👉 iea.li/4nB3nwy

Spending on low-emissions power generation has almost doubled over the past decade. Solar PV has seen the largest growth, with investment expected to reach $450 billion this year – the most energy spending of any single fuel or technology 👉 iea.li/4nnzgIQ

The average range of electric cars stabilised in 2024 at about 340km, as carmakers balanced range performance & manufacturing costs This could offer key benefits, with longer ranges requiring larger batteries – boosting energy & critical minerals demand: iea.li/4l49uaM

The adoption of EVs is surging in emerging markets, as affordable Chinese models help drive down prices With rising Chinese EV imports, battery electric cars have reached price parity in Thailand & seen major price drops in Brazil & other markets ➡️ iea.li/3TTPwUa