All about Energy Transition
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News
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Type One Energy Raises $200 Million for Fusion Energy
Nuclear fusion company Type One Energy has closed a $200 million Series B round with participation from Siemens Energy Ventures, bringing its total funding past $400 million.
German Reverion Raises $175 Million to Expand Carbon-Negative Power Plants
German company Reverion raises $175 million led by Kambara to expand carbon-negative power plant production tenfold.
Barakah Nuclear Plant Reaches Full Capacity with Operation of Fourth Reactor in the UAE
The UAE has announced the operation of the fourth reactor at the Barakah Nuclear Energy Plant, completing the first facility of its kind in the Arab world with a total capacity of 5.6 gigawatts of clean electricity.
Electric Vehicle Sales Hit Record 20 Million Units in 2024
Electric vehicle sales reached 20 million units in 2024, a 35% increase according to the International Energy Agency, with China leading by accounting for half of total global sales.
Articles & Analysis
1Why Is Oil Demand Rising Despite Clean Energy's Victory?
The energy transition goes through three stages starting with sales and later reaching consumption, as electric vehicles displace only about 2% of oil despite combustion engine car sales declining since 2017.