India Energy Week & Net Zero: February's Top Energy Stories
14 February 2025
The UK's Net Zero Council is back in action, refreshed and ready to tackle the challenges of the clean energy transition. After a hiatus following the 2024 general election, the council, which was first initiated by the previous government, is now relaunched with a broader scope.
This enhanced council brings together a diverse mix of stakeholders, including business leaders, local authorities, and civil society groups, all united for a transformative purpose—to hasten the clean energy shift.
The Labour government, under its Plan for Change, views the revitalised Council as a cornerstone to meld economic growth with stringent net zero targets.
It's co-chaired by Energy Secretary Ed Miliband and Shirine Khoury-Haq, the esteemed CEO of the Co-operative Group, who is reviving her former role from the Council's initial setup.
12 February 2025
India Energy Week 2025 is well and truly under way.
Hosted by the Ministry of Petroleum and Gas and Federation of Indian Petroleum Industry at Yashobhoomi Convention Centre in India’s capital of New Delhi, India Energy Week (IEW) not only reflects the impact and future of India’s energy landscape, but how other economies play their part, too.
India is considered a highly important energy market due to its rapidly growing energy demand, large population and ongoing economic development, as emphasised by IEW and reinforced by research from the International Energy Agency (IEA).
This makes it a major player in the global energy scene, with significant potential for both traditional and renewable energy sources.
The third installation of IEW is the first major energy event of 2025, setting the tone of what governments and businesses alike expect the energy industry to look like — both in India and globally — this year and far beyond.
27 February 2025
Schneider Electric has announced a US$51m investment to establish a state-of-the-art manufacturing facility in Scarborough, UK.
This is aimed at bolstering the UK’s transition to clean energy while also setting new standards for sustainable manufacturing practices.
The upcoming facility will not only triple the size of Schneider Electric's existing Scarborough site but is also expected to generate more than 200 jobs, thereby providing a significant boost to local employment and fostering the development of green skills within the region.
Schneider Electric already has a low-carbon distribution hub in Scarborough, and the new manufacturing plant is set to become the centrepiece of Schneider’s operations in the area.
6 February 2025
Equinor is slashing its investments in renewables to US$5bn over the next two years, down from around the US$10bn it had initially pledged.
In its Q4 and 2024 full-year results, Equinor said it is “reducing investments to renewables and low-carbon solutions to around US$5bn in total after project financing for 2025-2027”.
It is also “lowering expected capacity in renewables” to between 10GW and 12GW by 2030.
Its previous target was between 12GW and 16GW.
“Equinor is well positioned for further growth and competitive shareholder returns,” Equinor President and CEO Anders Opedal says.
20 February 2025
As the global shift towards electric vehicles gains momentum, automakers are not only focused on innovating mobility but also on enhancing sustainability within their operations.
This drive towards sustainability is crucial, given the rising demand for raw materials necessary for battery production and the environmental impact associated with their extraction.
Leading the charge in sustainable practices is BMW, which has established a significant advancement in the automotive sector by developing a comprehensive closed-loop recycling system.
This initiative is designed to repurpose the raw materials from high-voltage batteries, a key component in electric vehicles (EVs).
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Anders Opedal
President and CEO
