ING – Energy Outlook 2025: Growth amid Challenges, Jan 2025
Summary
The report by ING "Energy Outlook 2025: Growth amid Challenges" explores the dynamics of the energy sector as it faces both opportunities and hurdles in the coming year.
The outlook for 2025 indicates continued dominance of fossil fuels despite the energy transition, with stable oil markets but risks from geopolitical tensions. Renewables are set to grow, dependent on grid enhancements and policy support. Carbon Capture and Storage (CCS) is progressing, but major capacity additions are expected post-2025. The hydrogen sector moves from hype to practical execution, yet lags behind policy goals. European utilities plan significant investments to shift from fossil fuels to renewables, requiring modernization and expansion of the grid infrastructure.
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