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EIA projects nearly 50% increase in world energy usage by 2050, led by growth in Asia

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In its International Energy Outlook 2019 (IEO2019), the US Energy Information Administration (EIA) projects that world energy consumption will grow by nearly 50% between 2018 and 2050. Projections for the United States in IEO2019 are consistent with those released in the Annual Energy Outlook 2019.

Asia 220
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E4Tech: ~1.1 GW of fuel cell capacity shipped in 2019, up 40% from 2018; led by fuel cell vehicles

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A new report from specialist international sustainable energy consultancy E4tech finds that approximately 1.1 GW of fuel cell capacity shipped worldwide in 2019, up 40% on 2018. Between them, these two companies account for two-thirds of 2019’s shipped fuel cell capacity. This supports and complements fuel cell growth.

2019 186
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BNEF, Snam, IGU report finds global gas industry set to resume growth post-pandemic; low-carbon technologies for long-term growth

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After growing by more than 2% in 2019, global gas use is set to fall by around 4% in 2020, as the COVID-19 pandemic reduces energy consumption across the global economies. LNG imports reached 482 billion cubic meters in 2019, up 13% from 2018, and while this figure is expected to fall by around 4.2% —Jon Moore, CEO of BNEF.

Gas 243
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GAC Group begins construction of $6.5B industrial park for electric and intelligent vehicles

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China-based automobile manufacturer Guangzhou Automobile Group (GAC Group), the parent company of GAC Motor, has begun construction of a large industrial park for electric and intelligent vehicles as part of its efforts to boost its electric vehicle business. More than 45 billion yuan (US$6.5 More than 45 billion yuan (US$6.5

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Report: CCS capacity increased 33% in 2020

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Findings released by international think tank the Global CCS Institute show that the total capacity of carbon capture and storage (CCS) facilities operating and under development grew by 33% world-wide over the last year. In Asia Pacific, we saw national governments in China, Japan and South Korea commit to net-zero climate targets.

2020 332
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IEF, IHS Markit: deepening underinvestment in hydrocarbons raises specter of continued price shocks and volatility

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Underinvestment in oil and gas development extended into a second year in 2021 even as global energy demand rebounded, raising the prospect of price shocks, scarcity and growing energy poverty, according to a new report by the International Energy Forum (IEF) and IHS Markit. Investment slumped by 30% in 2020. —Joseph McMonigle.

Price 416
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TTTech Auto gains US$285M investment from Aptiv and Audi

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Growth in key regions: Expansion plans include international growth with a strong focus on Asia. TTTech Auto will hire talent in software and safety engineering, strategic product management, and business development in Europe, North America and Asia.

Audi 186