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OECD net electricity production rises 5.4% in June 2024

Analysis, Data Insights, Global, News

According to the latest release from the International Energy Agency (IEA), total net electricity production in the Organisation for Economic Co-operation and Development (OECD) countries reached 902.8 TWh in June 2024, reflecting a 5.4% year-on-year (y-o-y) increase. On a year-to-date basis, electricity production in the first two quarters of 2024 rose by 2.9%. The OECD consists of 38 member countries, including major economies such as the United States, Japan, Germany, and Australia, working to promote…

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OECD net electricity production rises 5.4% in June 2024

Global, News

According to the latest release from the International Energy Agency (IEA), total net electricity production in the Organisation for Economic Co-operation and Development (OECD) countries reached 902.8 TWh in June 2024, reflecting a 5.4% year-on-year (y-o-y) increase. On a year-to-date basis, electricity production in the first two quarters of 2024 rose by 2.9%. The OECD consists of 38 member countries, including major economies such as the United States, Japan, Germany, and Australia, working to promote…

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OECD electricity production rises 3.7%, driven by solar power surge, renewable growth

Global, News

In May 2024, total net electricity production in the OECD reached 854.4 TWh, marking a 3.7% increase compared to the same month last year, according to the IEA Monthly Electricity Statistics. This growth was primarily driven by a strong increase in renewable energy generation, which rose by 6.6% year-on-year (y-o-y). Solar power saw the most significant growth, surging by 19.7% y-o-y, while wind power also contributed with a 5.8% y-o-y increase. Hydropower generation remained largely…

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Global Insights on Smart Grid Technology Patents

Analysis, Features

The energy transition involves a profound transformation of power systems, including power generation, transmission, distribution, and consumer practices. This transformation is driven by increasing electricity demand and integrating renewable energy sources, introducing variability into power grids. Smart grid technologies are crucial for managing these challenges, enabling grids to become more efficient and resilient while containing operational costs. Digital technologies, in particular, facilitate the integration of variable renewable energy sources, enhance end-user engagement, and improve energy…

Data Insights

News Subsections Analysis Features Opinions and Perspective Data Insights Power 101 Deep Dive Power Bytes India’s short-term power trading market grows 12% in FY24 November 7, 2024 Power supply and allocation overview for September 2024 October 16, 2024 India surpasses 200 GW renewable energy milestone October 15, 2024 IEX posts 24% growth in trading volume, REC prices hit all-time low in September 2024 October 8, 2024 Global Renewable Energy Statistics September 29, 2024 India’s Power…

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AM Green Ammonia achieves final investment decision for Kakinada green ammonia project

India, News

AM Green Ammonia B.V. has reached a Final Investment Decision (FID) for its inaugural million-ton green ammonia project in Kakinada, Andhra Pradesh, India. The company aims to achieve a production capacity of 5 million tons per annum (MTPA) of green ammonia by 2030, equivalent to about 1 MTPA of green hydrogen. Alongside its founders, AM Green Ammonia counts Gentari and GIC as its shareholders. The project, which involves a green hydrogen generation unit and its…

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Climate measures alone are not enough to cut emissions, study finds

Global, News

A study published in the journal Science shows that stand-alone climate measures like taxes or subsidies are ineffective in significantly reducing greenhouse gas emissions. Analyzing 25 years of policies in 41 countries, the study found only 63 out of 1,500 policies led to substantial emission reductions, averaging 19 percent. The research, led by the Potsdam Institute for Climate Impact Research and Mercator Research Institute, highlights that bans on coal plants or combustion engines alone don’t…