GE Vernova reported strong second-quarter 2026 results, with orders rising 88 per cent to $24.2 billion and revenue up 22 per cent to $11.1 billion, driven by robust power and electrification demand, prompting the company to raise its full-year guidance.
The International Energy Agency (IEA) expects global electricity demand to grow 3.6 per cent in 2026 and 3.8 per cent in 2027, driven by electrification, data centres and industrial demand despite LNG market disruptions and energy price volatility.
Leading Chinese battery manufacturer CATL has opened its first new energy aftermarket facility in the Middle East at Riyadh. The launch of the Ning Service Experience Center comes as Saudi Arabia advances its ambitious electrification and decarbonisation goals under Vision 2030.
