Energy Transition
Harald Mix steps down as Stegra chairman
Maria Karlsson Picha iliyoundwa na AI
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.
Solar power accelerates toward global dominance
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.
Apec business leaders gather in Gyeongju for AI and energy transition talks
Preliminary proceedings of the APEC CEO Summit began Tuesday in Gyeongju, South Korea. Around 1,700 participants from across the globe are engaging in discussions on artificial intelligence and energy transition, among other topics. The Korea Chamber of Commerce and Industry hosted a welcome reception for global business leaders.
Climate decision in Hamburg pushes for green hydrogen
Following the climate decision, Hamburg's industry must accelerate its switch to green hydrogen. The construction of an electrolyzer in Moorburg illustrates the hurdles involved. Near the demolished coal power plant, a symbol of the energy transition is emerging.
Study shows fossil fuel companies own little renewable energy
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.