Electric Vehicles and Electrification

A recent study reveals that "floating solar photovoltaic systems are rapidly gaining traction due to their potential for higher energy yield and efficiency compared to conventional land-based solar photovoltaic systems.” The technology, studies have indicated, generates 0.6 percent to 4.4 percent more energy and exhibits efficiency improvements ranging from 0.1 percent to 4.45 percent over land-based solar power plants.

The Russian invasion of Ukraine and the barrage of rocket attacks on Ukraine's energy infrastructure have forced the country to rebuild what's been destroyed while reimagining its energy future at the same time. The destruction of over a quarter of Ukraine's power generation has upped the demand for clean, renewable energy systems, decentralized energy generation, and smarter, more resilient grids. The nation's push for a just energy transition has become a defining narrative

Rather, such approaches are more about providing regions, especially those heavily dependent on oil and petroleum exports, with pragmatic pathways to a clean energy transition and a bridge between legacy infrastructure and next-generation clean-tech value chains.  

From 2018 to 2023, South Africa endured a debilitating energy crisis as rolling blackouts paralysed the nation. This catastrophe stemmed from the premature decommissioning of coal plants without adequate replacement capacity. While South Africa struggled, China and India—two of the world's top coal consumers—expanded their coal infrastructure with less scrutiny, revealing a global inequity in climate policy.

In the Gulf, a region long defined by oil prosperity, a quieter but no less consequential transformation is underway. Until recently, it was somewhat difficult to imagine a flourishing post-oil Gulf economy. Today, however, national strategies, significant infrastructure investments, and proactive policy frameworks are converging to support a decisive transformation in energy and industry.