Global Electricity Review -- 2024

Locator: 48442ENERGYGLOBAL.

Sixth Industrial Revolution (SIR) now has its own page. 

When reading this, put this in perspective:

• the sixth industrial revolution;
• what Trump sees;
• the LDC story is an energy story;
• the gap between the US and the EU continues to widen

Must-read. Archive. The full report is here and can be downloaded as a PDF: 118 pages.

The languages available, in this order:

• Turkish, Spanish, Japanese, Indonesian, Arabic, Portuguese, and Korean.

Global electricity review. Ember, link here. 

Electrek's version of the story.

Solar has doubled in just three years, providing more than 2,000 TWh of electricity in 2024. Wind generation also grew to 8.1% of global electricity, while hydro – the single largest renewable source – remained steady at 14% of global electricity.

“Solar power has become the engine of the global energy transition,” said Phil MacDonald, Ember’s managing director. “Paired with battery storage, solar is set to be an unstoppable force. As the fastest-growing and largest source of new electricity, it is critical in meeting the world’s ever-increasing demand for electricity.”

Folks may want to find out how much battery storage the US has. 

Chapter 1: 2024 in review -- record rise in renewables pushes clean power generation above 50% of global electricity --

Record renewables growth helped push clean power to a new milestone. However, heatwaves contributed to high growth in electricity demand, which resulted in a small increase in fossil generation.

But wow, one has to read it closely to see the Real Story! Actually two stories. And both stories buried.

The first story: global electricity demand grows at the third-highest level in the last decade. And that's before the LDCs start to come into play. 

The second story: the world's three largest power consumers -- China, India, and the US -- saw an increase in fossil generation in 2024, while the world's fourth largest, the EU saw a decline.

But, to repeat: the EU saw a decline.