Global clean power purchase agreement (PPA) volumes fell for the first time last year in nearly a decade, as power prices and policy risks redefined market activity. Corporations announced deals for 55.9 gigawatts of clean power in 2025, 10% down from the record set the prior year, according to BloombergNEF in its 1H 2026 Corporate Energy Market Outlook. The market is increasingly defined by a divergence between hyperscalers and the broader universe of corporate buyers. Technology giants Meta, Amazon, Google and Microsoft were responsible for 49% of all global activity last year. Meta and Amazon led global clean energy buying activity in 2025, contracting a combined 20.4 gigawatts (GW), including 4.7GW of nuclear power. While Meta’s activity was concentrated…
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2026 BNEF Pioneers Finalists Tackle Data Center Sustainability, Flattening the Duck Curve, and Lower-Carbon Commercial Transport
Each year, BloombergNEF runs the BNEF Pioneers competition to identify and celebrate standout innovations that we think could play an important role in the energy transition. To frame the competition, BNEF Pioneers identifies three key ‘challenges’ annually, informed by the technology gaps highlighted in BNEF’s long-term outlooks across energy, transport and materials. Pioneers are evaluated based on their potential impact, innovation, and likelihood of adoption. BNEF has selected 29 Pioneers finalists, out of over 600 applications, for this year’s competition. Descriptions of this year’s challenges and our chosen competition finalists are outlined below. Also listed are the companies named as “wildcard” finalists, developing technologies that BNEF believes could…
Read MoreBloombergNEF Finds Global Energy Transition Investment Reached Record $2.3 Trillion in 2025, Up 8% from 2024
BloombergNEF’s (BNEF) annual Energy Transition Investment Trends (ETIT) finds that global investment into the energy transition hit a record $2.3 trillion in 2025, up 8% from the prior year. The largest investment drivers were electrified transport ($893 billion), renewable energy ($690 billion), and grid investment ($483 billion). Renewable energy investment fell 9.5% year-on-year however as changing power market regulations in China, the world’s largest market, introduced new uncertainty. All other sectors tracked by BNEF saw a rise in their investment levels, with the exception of hydrogen ($7.3 billion) and nuclear…
Read MoreCanada, Singapore and UK Among Countries Most Prepared for Climate Change, BloombergNEF’s New Ranking of Climate Adaptation Preparedness Finds
BloombergNEF’s (BNEF’s) new analysis of major economies shows Canada, Singapore and South Korea are leading when it comes to preparedness to adapt to a changing climate, with Saudi Arabia and Russia among the least prepared. Climate-driven damages are increasing worldwide and harming human health, economic development, and regional security. Global losses topped $1.4 trillion last year, almost 10x the total in 2000 according to data from Bloomberg Intelligence. With the world off track to meet the Paris Agreement’s 1.5C warming goal, future damages can worsen unless economies and societies adapt.…
Read MoreElectric Vehicles Remain Key Driver for Grid Investment Despite Data Center Boom
Grid investment of $15.8 trillion is needed between now and 2050 under BloombergNEF’s base-case scenario for the global energy transition, most of it for physical assets like wires, cables, towers and substations to deliver a required 29-million-kilometer (17.4-million-mile) extension. This year’s outlook included data centers as a new driver of grid investment but found that their global share of utilities’ capital expenditure on grid infrastructure remains modest. New Energy Outlook Download the executive summary and sample dataset to explore scenarios covering the global transition across power, transport, buildings, and industry…
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