October 24 Energy News

October 24, 2025

World:

¶ “Brent Surges As US Sanctions Suffocate Russian Oil Flows” • Fresh US measures against Russian energy giants are tightening the seaborne supply of oil, pushing Brent higher as traders price in risk. Oil prices surged after the US administration announced sweeping sanctions targeting Russia’s two largest oil companies, Rosneft and Lukoil. [Euronews]

Rosneft headquarters, Moscow (Юрий ДК, CC BY-SA 4.0)

¶ “France And Spain Back 2035 Diesel And Petrol Car Ban” • In a letter to EU leaders, Paris and Madrid state that the ban on diesel and petrol cars by 2035 must be kept, but they ask for “made in Europe” incentives to help the struggling automotive industry. They argue that without the ban, the bloc will not succeed in achieving carbon neutrality by 2050. [Euronews]

¶ “YASA Axial Flux Electric Motor Makes Over 1000 HP But Weighs Just 28 Pounds!” • UK-based YASA is showing off a new and improved version of a motor that amazed the world earlier this year. It weighs just 12.7 kg (28 lb) and is capable of 750 kW (1018 HP) peak power. That is surely a world record for energy density at 59 kW per kg. [CleanTechnica]

Worker holding a 1018 HP motor (YASA image)

¶ “BYD Makes Big (And Small) Moves In Japan” • Perhaps due to domestic brand strength, Japan has not put up the trade barriers against EVs that we tend to see in the West. BYD seems to be taking that opportunity seriously, with an expanding lineup of commercial and passenger EVs, new partnerships and channels for distribution, and aggressive pricing. [CleanTechnica]

¶ “Neoen Opens South Australia’s Largest Wind Farm” • Neoen inaugurated its 412-MW Goyder South wind farm, the largest in South Australia and the biggest project in the company’s global portfolio. Sited in South Australia’s Mid North region, the two-stage development’s 75 turbines will increase the state’s wind production by over 20%. [reNews]

Wind farm (Neoen image)

¶ “UK Approves Stonestreet Green Solar Projec” • UK Energy Secretary Ed Miliband has awarded planning permission to Evolution Power for the 100-MW Stonestreet Green solar project in England. The project includes ground-mounted solar panels to be built on land at Aldington near Ashford in Kent. Battery energy storage will also be installed. [reNews]

¶ “Solar Hits Record €35/MWh LCOE In 2025” • The levelised cost of electricity for renewables reached milestones in 2025, with single-axis tracker solar PVs achieving the world’s lowest regional price of $37/MWh (€35/MWh) in the Middle East and Africa, according to Wood Mackenzie. Solar PV is the world’s most competitive power generation source. [reNews]

Solar panels (ダモ リ, Unsplash)

¶ “Solar Is Driving Renewable Energy To New Heights Around The Globe” • If you thought the world built a lot of renewables in the past few years, just wait for the next half of this decade. Between 2025 and 2030, the world is expected to build nearly 4,600 GW of clean power, according to a new report from the International Energy Agency. [Canary Media]

¶ “Report Reveals Massive Shift In Powerful Energy Market” • Australia is in a clean energy revolution, and it just reached a new milestone. According to Global Power Energy data, renewables supplied a record 77.9% of electricity demand in the Australian National Electricity Market on September 21. The previous record was set the day before. [The Cool Down]

Wind power (Thomas Reaubourg, Unsplash)

¶ “Nation Raises Target For Wind Power Installation” • China has drastically increased its national targets for wind power capacity, aiming for 1.3 TW by 2030 and an ambitious 5 TW by 2060. Ben Backwell, CEO of the Global Wind Energy Council, said, “China’s ambitious targets instill optimism that the world can meet its broader climate goals.” [China Daily]

US:

¶ “Trump Administration’s Alaska Lands Giveaway” • Interior Secretary Doug Burgum announced a decision to open swaths of the Arctic National Wildlife Refuge to oil and gas drilling, along with approvals for two controversial road-building proposals.  And his department transferred nearly 23,600 acres of national public lands to the state. [CleanTechnica]

Arctic National Wildlife Refuge (Alaska Region US FWS)

¶ “Shocking Differences Between Tesla And Twenty Other Top Automakers: Market Cap Vs Revenue And EBIT” • Tesla’s market cap is higher than the combined market caps of the next twenty automakers. But that comparison has a bit of a problem. Tesla’s revenues where $98 billion, and the revenues of the other twenty combined to $2.244 trillion. [CleanTechnica]

¶ “A New Hope For US Farmers: Used EV Batteries And Solar Panels” • Many farmers, ranchers, and fans of the US historic architecture voted US President Donald Trump into office, and now many of them are suffering a case of buyer’s remorse. Not to worry. Scientists are still inventing new ways to help farmers and ranchers stay in business. [CleanTechnica]

NREL research project (NREL image)

¶ “Appalachian Power To Lower Virginia Bills” • Appalachian Power says lower energy prices and adding renewable resources will result in a $10 a month reduction in the average Virginia home electricity bill. The company’s April filing in West Virginia asked regulators to charge customers $5 more per month to pay for fuel expenses. [West Virginia Public Broadcasting]

¶ “Energy Company Breaks Ground On A First-Of-Its-Kind Nuclear Plant In The US” • Nuclear energy company Oklo broke ground to build its first Aurora powerhouse at the Idaho National Laboratory. The Aurora powerhouse is unique in that it can run off either fresh high-assay, low-enriched uranium or used fuel, making it the first fuel-recycling reactor. [The Cool Down]

Have a deeply innovative day.

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