UN urges AI companies to come clean on their resource footprint
A UN University study projects that AI data centres could consume about 945 terawatt‑hours (TWh) of electricity by 2030 and enough water to meet the basic needs of 1.3 billion people. In response, UN Secretary‑General António… You must be a Premium Subscriber to read this. You must be a Premium Subscriber to view this content. You […]
NatPower and Tesla forge $5 billion battery storage partnership
Italian energy developer NatPower and Tesla have signed a memorandum to build over 25 GWh of battery storage capacity across Italy and Britain, using Tesla’s Megapack technology. The programme, the first phase of a 100 GWh ambition, could cost $4-5 billion and generate more than $15 billion in revenue over 20 years. The initial five […]
Goldman Sachs predicts EV surge will dent oil demand by 2027
Goldman Sachs predicts that rapid electric vehicle adoption could reduce global oil demand by 0.13-0.32 million barrels per day (bpd) by late 2027. In a slower‑uptake scenario, the decline would still be around 0.13 million bpd. Global EV penetration reached 26.1% in May 2026, reflecting surging sales of two and three‑wheel electric models in China, […]
Corporate giants issue call for electrification ahead of London Climate Week
A group of 112 companies with combined revenues of about $1.5 trillion have issued a joint statement urging governments to make electrification central to economic strategy. They argued that reliance on fossil fuels exposes firms to price volatility and undermines competitiveness. The companies called for predictable electrification policies, accelerated permitting, modernised grids and market reforms […]