Latest news with #energysecurity
Japan Times
2 hours ago
- Business
- Japan Times
Japan seeks gas past 2050, with AI and data centers set to lift demand
Japan is encouraging energy importers to secure liquefied natural gas (LNG) past 2050 — the deadline the second-biggest buyer of the fossil fuel has set itself for net zero emissions. Several of the country's largest LNG buyers are considering 20-year supply deals with projects that would start after 2030, according to people with knowledge of the discussions, who asked not to be named as the negotiations are private. They aim to deploy technology such as carbon capture and storage to mitigate the emissions from burning the super-chilled fossil fuel under Japan's national target. The government expects a boom in artificial intelligence, data centers and semiconductor chip-making factories to revive power demand, which has been tracking a declining population for years. It sees LNG as vital to energy security, even as it works on increasing renewable energy generation and restarting nuclear reactors idled after the 2011 Fukushima No. 1 disaster. "During the transition period toward carbon neutrality by 2050, we believe LNG will continue to play an important role,' Nobuhiro Sugesawa, a senior managing executive officer at Tokyo Gas, said in an interview. "Even with 15- or 20-year contracts, long-term contracts should remain a core part of our strategy.' In order to adhere to climate commitments and continue using gas-fired power plants, companies are looking to use carbon capture systems or mix the fuel with green ammonia and hydrogen. These technologies have yet to be deployed on a significant scale in Japan. The state-backed Japan Organization for Metals and Energy Security is providing financial support for importers seeking to invest in overseas LNG projects but is also assisting with negotiations, said Hiroyuki Mori, an executive vice president at the organization. "We have to also take care of environmental issues,' like methane emissions control or carbon capture, he said. Japan will require about 74 million metric tons of LNG by fiscal year 2040 if it only curbs greenhouse gas emissions by 61% from 2013 levels, the trade ministry said in an estimate released earlier this year. Japan imported 65 million metric tons last calendar year, according to ship-tracking data. The companies are also looking for LNG supply that is flexible, like that being offered from the U.S. Gulf Coast, as that will allow them to divert shipments to other nations should domestic demand falter, the people said. "Even as we push forward with decarbonization, it remains extremely important to continue utilizing fossil fuels,' Yoshifumi Murase, the commissioner of the Agency for Natural Resources and Energy within the trade ministry, said at a conference in Tokyo this week.
Yahoo
19 hours ago
- Business
- Yahoo
Microgrid Implementation Market to Reach $142.8 Billion by 2035, Growing at 14.5% CAGR--Exclusive Report by Meticulous Research®
Market Growth Driven by Power Grid Resilience Needs, Renewable Energy Integration, Critical Infrastructure Protection, and Energy Security Concerns REDDING, Calif., June 19, 2025 /PRNewswire/ -- According to a new market research report titled " Microgrid Implementation Market: Size & Forecast by Grid Type (Grid-Connected, Off-Grid, Hybrid), Power Source (Solar PV, Wind Turbines, Fuel Cells, CHP, Diesel, Natural Gas), Connectivity (AC, DC, Hybrid AC/DC) & End User - Global Forecast and Analysis to 2035", the microgrid implementation market is projected to reach $142.8 billion by 2035, up from an estimated $36.8 billion in 2025, growing at a CAGR of 14.5% during the forecast period. The growth of the microgrid implementation market is mainly driven by a convergence of critical energy infrastructure trends. The increasing frequency of power outages and grid failures worldwide has created an urgent need for resilient distributed energy solutions that can maintain operational continuity for critical facilities. Simultaneously, accelerating integration of renewable energy sources and supportive government initiatives are opening unprecedented possibilities for sustainable energy independence, making what was once considered supplementary infrastructure now increasingly essential for energy security. Substantial investments from both established energy management companies and innovative technology firms are accelerating market development, demonstrating strong confidence in the transformative potential of distributed energy systems. The growing adoption of AI and IoT technologies in grid management further amplifies this momentum, with organizations recognizing the critical importance of intelligent energy solutions that can dramatically enhance operational efficiency and system reliability. For more comprehensive insights, download the FREE report sample: Market Drivers and Technology Evolution The microgrid implementation market is experiencing remarkable transformation through increasingly sophisticated integration between traditional grid infrastructure and cutting-edge distributed energy technologies. These innovations are driving rapid advancement in smart grid solutions and renewable energy systems, creating a robust technological foundation that addresses critical challenges in energy resilience and sustainability across diverse industries. "The convergence of renewable energy technologies with intelligent grid management is revolutionizing how organizations approach energy security," said Khushal Bombe, research analyst at Meticulous Research®. "Critical infrastructure operators are witnessing unprecedented opportunities to achieve energy independence while maintaining grid connectivity for optimal operational flexibility." Emerging trends demonstrate a multifaceted approach to market development. Manufacturers are intensely focusing on AI and IoT integration to enhance operational efficiency, developing blockchain-based energy trading platforms for peer-to-peer transactions, and creating comprehensive cybersecurity solutions for grid protection. The industry is witnessing a significant shift towards community and campus microgrids, with particular emphasis on creating versatile energy solutions that can seamlessly operate in both grid-connected and island modes. Growth Opportunities and Market Expansion The market presents significant growth opportunities that extend far beyond traditional power generation paradigms. Electrification of remote areas offers the potential to create comprehensive off-grid solutions, addressing critical energy access challenges in underserved regions. Commercial applications are rapidly expanding beyond basic power supply, exploring specialized domains such as electric vehicle charging infrastructure, energy storage integration, and smart city development. Particularly promising areas include declining costs of renewable energy technologies improving project economics, advancements in energy storage solutions enhancing system capabilities, and the emergence of innovative financing models. The potential for integrated smart grid connectivity and community-scale energy independence represents a significant frontier of market expansion. Get Insightful Data on Regions, Market Segments, Customer Landscape, and Top Companies: Market Challenges and Implementation Barriers Despite the market's immense potential, significant challenges persist. High initial implementation costs continue to delay project deployment across multiple sectors. Technical integration complexities with existing grid infrastructure remain a critical constraint, particularly in establishing seamless grid synchronization and managing interoperability standards across diverse technology platforms. Economic challenges include regulatory barriers and policy uncertainties affecting project financing, current limitations in energy storage technology impacting system efficiency, and complex business model development for sustainable operations. Organizations must also navigate varying international standards, address cybersecurity requirements, and work to gain regulatory approval for innovative distributed energy configurations. "While technological capabilities are advancing rapidly, the industry must address fundamental challenges around standardization and grid integration," noted Uddhav Sable, Research Director at Meticulous Research®. "Success will depend on developing solutions that demonstrate clear economic value while maintaining seamless compatibility with existing energy infrastructure." Segment Analysis and Technology Leadership The Grid-Connected segment is expected to hold the largest market share in 2025, with reliable grid backup capabilities being the dominant advantage due to widespread infrastructure compatibility. However, Hybrid microgrid systems are anticipated to grow at the fastest CAGR, offering promising solutions that combine grid-connected and off-grid operational modes while maintaining optimal flexibility for varying energy requirements. Based on power source technology, Solar PV systems are projected to dominate, accounting for the largest market share in 2025. Notably, the Fuel Cells segment is anticipated to grow at the highest CAGR, offering advanced clean power generation capabilities for critical applications requiring continuous operation. Based on end-user applications, Commercial & Industrial facilities will hold the largest market share in 2025, with Healthcare facilities projected to grow at the highest CAGR of 17.9%, highlighting the critical importance of uninterrupted power for life-saving medical operations. Regional Market Leadership and Growth Dynamics North America is expected to hold the largest market share in 2025, accounting for the majority of global market value. This leadership position is mainly attributed to advanced grid infrastructure, progressive energy policies, and high awareness of energy resilience benefits among critical infrastructure operators. However, the Asia-Pacific region is projected to witness the highest CAGR during the forecast period, driven by rapid industrialization, increasing power reliability concerns, and extensive investments in renewable energy infrastructure development across China, India, and Australia. Access the complete market analysis: Competitive Landscape and Industry Innovation The global microgrid implementation market features a diverse and dynamic competitive landscape. Established energy management companies are competing alongside specialized microgrid solution providers and emerging technology firms, each pursuing unique approaches to distributed energy system development and intelligent grid integration. Key players operating in the overall microgrid implementation market include Schneider Electric SE, Siemens AG, ABB Ltd., General Electric, Eaton Corporation, Honeywell International Inc., S&C Electric Company, Power Analytics Corporation, Spirae LLC, Emerson Electric Co., Bloom Energy Corporation, Engie, Tesla Inc., Toshiba Corporation, and Ameresco Inc. among others. About Meticulous Research® We are a trusted research partner for leading businesses worldwide, empowering Fortune 500 organizations and emerging enterprises with market intelligence designed to drive revenue transformation and strategic growth. Our insights reveal future growth opportunities, equipping clients with a competitive edge through a versatile suite of research solutions—including syndicated reports, custom research, and direct analyst engagement. Each year, we conduct over 300 syndicated studies and manage 60+ consulting engagements across eight major sectors and 20+ geographic markets, all to deliver targeted business insights that help our clients lead in a rapidly evolving global market. To find out more, visit or follow us on LinkedIn Contact:Mr. Khushal BombeMeticulous Market Research Pvt. Ltd.1267 Willis St, Ste 200 Redding,California, 96001, +1-646-781-8004Europe: +44-203-868-8738APAC: +91 744-7780008Email: sales@ Our Website: with us on LinkedIn: Source: Logo: View original content: SOURCE Meticulous Market Research Pvt. Ltd. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
20 hours ago
- Business
- Yahoo
Statkraft to streamline operations, targeting $291m cost cuts and layoffs
Statkraft has announced plans to enhance its core competitive advantages by focusing on its flexible hydropower fleet in the Nordics and on solar, wind and battery ventures across Europe and South America, following a strategic review of its business. The move comes amidst slower progress in energy transition due to heightened global uncertainty, rising costs and declining power prices. The company now aims to build scale, bolster competitiveness and drive value creation by narrowing its focus on select technologies and markets. Statkraft's revised approach prioritises cash flow over volume expansion while simplifying operations to cut costs. The company has set complexity reduction goals, which include slashing payroll and other operating expenses by Nkr2.9bn ($291m) annually by 2027, a 15% decrease relative to predictions for 2025. The specific cost efficiency measures, including redundancies, will be determined during the annual business planning process in the second half of 2025. Statkraft president and CEO Birgitte Ringstad Vartdal stated: 'By concentrating on our core competitive advantages and prioritising investments in near-term profitable opportunities, we will be able to continue our growth and value creation, while contributing significantly to the energy security and energy transition. 'Statkraft needs to adapt to the changing market and increased geopolitical uncertainty. Unfortunately, this also impacts our most important asset: our people. We will do what we can to limit uncertainty and mitigate negative effects on employees.' The company plans to make investments between Nkr16-20bn ($2bn) each year into projects such as large-scale hydropower upgrades in Norway and maintenance of its extensive operational assets. In alignment with announcements made in May 2025, Statkraft will cease new hydrogen project developments. The company will also cease new offshore wind initiatives except for ongoing commitments such as the North Irish Sea Array (NISA) project. Assessments regarding investment positions within solar power sectors, wind farms and batteries in Poland are underway, while development activities in Portugal will be discontinued, although market activities will continue. Although growth rates will be moderated compared with previous projections, solar power and wind power projects will advance in both Europe and South America. These measures will be in addition to the previously announced and ongoing divestment processes, including the district heating and biofuels activities in the Nordics, the development business in Croatia and the Netherlands, and business activities in India. In May 2025, Statkraft agreed to sell its Colombian renewable energy portfolio, Enerfín Colombia, to Ecopetrol, the national oil company of Colombia. "Statkraft to streamline operations, targeting $291m cost cuts and layoffs" was originally created and published by Power Technology, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
a day ago
- Business
- Yahoo
WITH JERA'S NEW LNG AGREEMENTS, ALL EYES TURN TO TOKYO AS JAPAN ENERGY SUMMIT & EXHIBITION 2025 APPROACHES
TOKYO, June 17, 2025 /PRNewswire/ -- Just days after JERA, Japan's largest power utility, announced landmark agreements to secure up to 5.5 million tonnes of U.S. LNG annually over 20 years, attention now turns to Tokyo where the global energy community will converge for the Japan Energy Summit & Exhibition 2025, taking place 18 – 20 June at Tokyo Big Sight, organised by dmg events. The timing could not be more critical. With energy security and diversification top of mind, JERA's announcement exemplifies the type of leadership and investment that will dominate discussions throughout the three-day international summit. JERA's Global CEO and Chair, Mr. Yukio Kani, and Japan's Ministry of Economy, Trade and Industry (METI) will both address these developments live at the events' Opening Ceremony on 18 June at 10:00. Their remarks will underscore the strategic relevance of long-term LNG supply agreements, and the indispensable role LNG continues to play in Japan's energy resilience. In a show of institutional alignment, the 14th LNG Producer-Consumer Conference, co-hosted by METI and the International Energy Agency (IEA), will be co-located with the Japan Energy Summit & Exhibition on 20 June for the first time, reinforcing the event's growing prominence as a market-moving platform. The exhibition floor will feature major players including JERA, Tokyo Gas, Chevron, Aramco, Cheniere, JOGMEC and TotalEnergies. Attendees can explore market-ready solutions spanning LNG, ammonia, hydrogen, AI-driven optimisation, renewables, and next-generation infrastructure. JERA will host daily live knowledge-sharing sessions at their booth, offering insights into their Digital Power Plant initiative and AI-enabled operations. Beyond the exhibition, the Strategic Summit will feature a powerhouse line-up of speakers, including Wael Sawan, CEO of Shell; Sanjiv Lamba, CEO of Linde; and Patrick Pouyanné, Chairman and CEO of TotalEnergies. Discussions will centre on energy diversification, LNG certification, Scope 3 decarbonisation, and the role of clean fuels in industrial growth. The Climatetech Theatre will offer free-to-attend sessions each afternoon, including the highly anticipated panel on fusion energy innovation and the final pitch round of the Energy Innovators Challenge, spotlighting next-generation startups and ideas. Side events, such as the Women in Energy Networking Reception, Future Leaders Breakfast, and a Private Networking event hosted by the Australian Trade and Investment Commission (Austrade), round out a packed programme of strategic engagements. MEDIA CONTACT: Natalie Gurney | nataliegurney@ | +971 56 433 2480Diana Peter | | +65 8498 9424 View original content to download multimedia: SOURCE dmg events Asia Pacific Pte Ltd Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Zawya
a day ago
- Business
- Zawya
Saudi Minister of Finance stresses energy diversification
Minister of Finance Mohammed Aljadaan emphasised that energy security is not a luxury but a fundamental pillar for achieving development and comprehensive growth. He noted that the absence of reliable energy access hampers progress across vital sectors such as healthcare, education, economic productivity, environmental sustainability, water extraction, and food security. Aljadaan made these remarks during his speech at the Opec Fund for International Development Forum, held in Vienna, Austria, reported SPA. He extended his appreciation to the Opec Fund for organising the forum, which highlights the critical role of economic reforms in strengthening national resilience, addressing financial and economic challenges, and achieving sustainable and inclusive development. The minister underscored that economic reforms aimed at achieving prosperity and tackling development challenges must prioritise securing basic needs, chief among them access to energy. He pointed out that energy poverty affects 1.2 billion people worldwide, with repercussions that transcend borders, including economic instability, rising migration pressures, and growing humanitarian burdens. Aljadaan affirmed that Saudi Arabia is committed to working collaboratively with the international community to enhance global energy security and eliminate energy poverty while simultaneously advancing efforts to combat climate change. He reiterated the Kingdom's ambitious target of generating 50% of its electricity from renewable sources by 2030 and achieving net-zero emissions by 2060, in alignment with the circular carbon economy framework.
