BloombergNEF

🚘 Global EV sales are set for another record year, but not every market is moving at the same speed. BloombergNEF’s Electric Vehicle Outlook 2026 expects over 23 million passenger electric vehicles to be sold globally this year, a jump of 11% from 2025. The continued rise in sales comes as lithium-ion battery prices fall, more affordable EV models are introduced and EV adoption in emerging markets surges. At the same time, BNEF has reduced its passenger EV adoption outlook for the second year in a row, largely due to a slowdown in sales in China and the US. Other key findings include: • Over a quarter of cars sold globally in 2026 are projected to be electric, up from 9% five years ago • China accounted for 63% of electric cars sold globally in 2025 • Road transport oil demand is set to peak in 2029 • Electric passenger vehicles are projected to outnumber internal combustion engine vehicles on the road in 2047 • The grid will require over $800 billion of investment globally to incorporate electric vehicles by 2040 Download the BloombergNEF Electric Vehicle Outlook 2026 Executive Summary 👉 https://bloom.bg/43EYdGU

At the first #BNEFSummit Amsterdam, the message was clear: Europe’s energy transition now hinges on consistency, coordination and credible demand signals. From CBAM and carbon markets to hydrogen, clean fuels and industrial policy, the debate focused on how Europe can increase competitiveness while accelerating decarbonization. 300 leaders across policy, finance, industry and technology debated how Europe can turn policy ambition into scalable, investable low-carbon industrial leadership. Key themes: ⚡ Consistency is more than ever a climate strategy: companies can hedge prices, but not policy uncertainty. 🏭 Europe’s industrial reset is about demand, not just supply. 🌍 Strategic autonomy will require smarter cooperation across global supply chains. 💶 CBAM and carbon markets need credibility to drive investment. 🚢 Clean fuels, hydrogen and shipping will depend on policy clarity, infrastructure and offtake. Watch the highlights: https://bloom.bg/4vClmWg Photos: https://bloom.bg/43wOEda

Even though the Strait of Hormuz is largely closed and inventories are being drawn down sharply, a sustained oil price rally has failed to materialize. The oil market is dealing with a temporary supply disruption on top of a structurally bearish backdrop. The BloombergNEF modelling reflects the possibility that oil prices may have already peaked, or are close to peaking. Here are the three factors that support the bearish view: ⚡ Demand: Oil demand is increasingly fragile, and the slowdown appears more structural than cyclical. Efficiency gains continue to reduce fuel intensity. Electric vehicles are taking a bigger bite out of gasoline demand. 📊 China inventories: China has sharply trimmed its crude imports, reflecting both softening domestic demand and opportunistic stockpiling over the past several years, when sentiment and prices were low. Today, those stockpiles work in the other direction, limiting the scope of the price rally beyond $120 per barrel. 🛢️ Production: While demand softens, supply keeps expanding. Supply growth outside OPEC+ remains robust, especially in the Americas. As Middle East barrels come back on top of rapidly growing supply elsewhere, the market could swing from a deficit this year into a sizable surplus next year. Read more here: https://bloom.bg/4vFpUv3

That's a wrap on #BNEFSummit Amsterdam 2026! ✅ Big thanks to our speakers, attendees and Sponsors.🤝 ⬇️ ⬇️ ⬇️ 🔷 Partner: SolaX Power 🔷 Sponsor: Mitsubishi Heavy Industries ✨ Relive the Highlights of the BNEF Summit New York!✨ 🎥 https://bloom.bg/4xh1xW6 📸 https://bloom.bg/4xb4GHj

The #BNEFSummit Amsterdam 2026 is right around the corner! 📢 We are delighted to announce the participation of the following distinguished speakers: 🔸Aleksandra Kordecka, Cabinet Expert, European Commission 🔸Peter-Paul Ekelschot, Managing Director, ING Bank N.V. 🔸Sigrid de Vries, Director General, European Automobile Manufacturers' Association (ACEA) 🔸Matthew Gorman, Director of Carbon and Sustainability, Heathrow Airport 🔸Susan Hansen, Global Strategist Energy Transition, Rabobank 🔸Sebastien Clerc, Chief Executive Officer, InnoEnergy 🔸Marco ARCELLI, Advisor to the Chairman, Acwa Power 🔸Ruben van Grinsven, General Manager Advanced Fuels and Products, Shell We're looking forward to welcoming our Partners & Sponsors 🤝 🔷 Partner: SolaX Power 🔷 Sponsor: Mitsubishi Heavy Industries (MHI) Group 📍 Amsterdam 📅 June 8, 2026 🔗 Learn more: https://bloom.bg/3QfO1S4

Global clean-energy trade rebounded in 2025, despite tariffs and geopolitical turmoil. A few key takeaways from BloombergNEF’s new Energy Transition Supply Chains 2026 report: 📈 Clean-energy product shipments reached $479 billion in 2025, up 1% across clean-tech, battery metals and grid equipment, after trading volumes fell 7% from 2023 to 2024. 🌍 US policy did not stifle overall clean-energy trade, even after the reinstatement and revision of numerous tariffs across energy transition sectors. ⚡ Energy security is becoming a bigger driver of clean-tech demand. Conflict in the Middle East has highlighted the fragility of conventional fossil-fuel supply chains, while higher fossil-fuel prices are hitting major net importers of oil and gas hardest. 🔋 Overcapacity remains a defining feature of global supply chains, mainly fueled by Chinese overinvestment. The world now has more than 200% of the manufacturing capacity needed to meet global demand across the solar value chain. ☀️ Solar trade is shifting toward midstream solar cells, which made up 44% of global cell and module trade in 2025, up from 25% the year prior, reflecting the rapid expansion and diversification of final module assembly outside China. 🔌 Energy storage is becoming a larger share of battery trade, with stationary storage systems making up 29% of shipments in the segment and growing 64% year-on-year. Read more. Link in the comments. #CleanEnergy #EnergyTransition #SupplyChains #EnergySecurity #Trade #BloombergNEF

I had the opportunity during the Southern Methodist University Data Center Innovation & Next-Generation Workforce Summit to sit down with Wes Cummins, CEO of Applied Digital, for a fascinating discussion at the intersection of #AI, #energy and #digitalinfrastructure. We discussed one of the defining challenges shaping the next industrial era: how to deliver power fast enough to support the explosive growth of AI data centers. We explored Applied Digital’s differentiated approach to infrastructure development, prioritizing scalable grid-connected sites in rural communities with access to long term power capacity. Wes also spoke about the company’s emphasis on investing in local workforce development and building infrastructure in regions positioned to benefit from the next wave of industrial and digital growth. Our conversation also explored why Applied Digital launched Base Electron (an independent power producer) focused on developing and owning generation assets built to support the growth of AI infrastructure. The strategy reflects a broader shift taking place across the industry, as data center developers and hyperscalers increasingly move closer to the energy business. The thesis being to secure reliable, scalable power for future AI campuses while creating greater flexibility around infrastructure financing and longer term capacity planning. Thank you Erin Kraxberger for setting this interview up! And kudos to Jasleen Dhillon Saeed Salehi Lea Worth and the rest of the SMU Lyle School of Engineering team for putting together an influential and timely Summit!

🚨 BloombergNEF’s annual flagship report, New Energy Outlook 2026, is now live. Energy security is top of the global agenda after successive energy market shocks. This year’s outlook finds that countries continuing to deploy economically competitive clean technologies can reduce their reliance on imported fossil fuels and strengthen energy security. 📈 This chart shows how energy commodity import dependence evolves across major markets through 2050 under BNEF’s Economic Transition Scenario, which maps how the energy system is most likely to evolve over the next decade and through 2050. Asian economies with high import liabilities, including Vietnam, Japan, Indonesia and India, have some of the most to gain. Download the Executive Summary and Public Benchmark Dataset: https://bloom.bg/4unO0KR

Decarbonization and Digitization: Two major shifts shaping Asia’s future. We are pleased to release two new strategic reports that provide a data-driven look at the critical nexus of energy finance and digital infrastructure in the region: 📊 Energy Supply Ratios for Investment and Financing in Asia: This report tracks the progress of energy transition investment and financing across Japan, South Korea, Taiwan, Singapore, Malaysia, Thailand, Indonesia, and the Philippines. ⚡ Highlight: Banks in these markets facilitated 83 cents in clean energy supply for every dollar of fossil-fuel financing in 2024. The slow improvement in this ratio reflects both inertia in real economies and established financing strategies. 🌐 Southeast Asia Data Center Market Prospects: A comprehensive ranking of six major Southeast Asian economies, evaluating their suitability for data center development based on energy availability, regulatory landscapes and infrastructure readiness. ⚡ Highlight: Indonesia emerges as the region’s most attractive market for development, while Malaysia’s huge project pipeline positions it as a clear leader in industry scale. While we are discussing these findings at the BNEF Forum Singapore, the insights extend far beyond the stage. Explore the research ➡️ links in comments.

Energy storage has crossed a major threshold: annual additions exceeded 100GW for the first time in 2025. 🔋 In BloombergNEF’s latest Energy Storage Market Outlook, global deployment reached 112GW in 2025, excluding pumped hydro, up 48% from 2024, with 307GWh of batteries added worldwide. Here are three things to know from the research: • Energy storage surge far outpaces wind and solar growth: Annual additions of energy storage, excluding pumped hydro, reached 112GW in 2025 – up 48% from 2024. It only took four years for energy storage to increase annual additions to more than 100GW from 10GW, compared with roughly eight years for solar and 15 years for wind. • The Iran war has yet to reach energy storage: The direct impact on energy storage markets has been limited to date, primarily due to China’s dominance in battery supply chains. Soaring fossil fuel prices could influence revenues, retail electricity prices and project costs, with impacts likely to be highly regional. • Non-lithium chemistries gain traction: Lithium-ion batteries, especially lithium iron phosphate, accounted for more than 90% of annual additions in 2025. In 2026, long-duration energy storage is set to quadruple to 2GW, with most capacity coming from non-lithium-ion technologies. BloombergNEF also expects sodium-ion batteries to start gaining share in the stationary storage space. Read more: https://bloom.bg/3QPaiX0