News in Numbers

China has started construction of its $167.8bn hydropower project in the lower reaches of the Yarlung Zangbo River, which will have an annual production capacity of 300 billion kilowatt-hours (kWh).

The US Department of Energy warned that power outages could increase 100-fold by 2030 if the US continues to retire reliable power sources without adding sufficient firm capacity.

The UK government announced revisions to its Contracts for Difference (CfD) scheme, which facilitates annual auctions for clean energy subsidies, extending contract terms for wind and solar projects from 15 to 20 years.

Global fusion energy investment saw an influx of $2.64bn since July 2024, marking the largest annual increase since 2022 and a 178% jump from around $900m raised in 2024.

ArcLight Capital Partners has acquired Advanced Power and announced an initial $1bn equity commitment to expand North American power infrastructure, with the aim of building more than 20GW of new projects.