Energy Transition
Harald Mix steps down as Stegra chairman
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Steel company Stegra, building a fossil-free steel plant in Boden, announced on October 20, 2025, that founder Harald Mix is stepping down as board chairman. Mix remains a board member while Shaun Kingsbury takes over the role. The news comes amid a financial crisis where the company needs 10 billion kronor in new capital.
In the first quarter of 2026, two gigawatt hours of new battery storage capacity went into operation. The stock of stationary accumulators grew to about 28 gigawatt hours across 2.5 million units. The German Solar Industry Association warns against disadvantaging them in power plant auctions.
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Colombia and the Netherlands hosted a conference in Santa Marta, attended by 57 countries, to develop roadmaps for phasing out fossil fuels. Major emitters like China and the US did not participate. Participants committed to national plans ahead of future meetings.
A new academic study reveals that major oil and gas companies own just 1.42 percent of global renewable energy projects. This finding underscores concerns about fossil fuel influence at upcoming climate talks. The research highlights a stark gap between industry promises and actual investments in the energy transition.
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Solar electricity generation doubled between 2022 and 2024, now supplying 7 percent of the world's electricity. In the first half of 2025, wind and solar surpassed coal as the top source of power, driven largely by solar's rapid growth. Experts predict solar could generate 80 percent of global electricity by 2100.