2024 was a year of energy extremes—wild price swings, record renewables, and geopolitical upheaval. The Russia-Ukraine war sped up Europe’s fossil fuel exit, while grid bottlenecks and financing gaps tested resilience.
Now, 2025 marks a turning point. Falling costs and bold policies are driving renewables to new heights, but grid challenges, rising rates, and geopolitical risks demand urgent action.
This report breaks down 2024’s key shifts and forecasts 2025’s biggest energy trends—from price volatility to the solar boom and policy shake-ups.