Artificial intelligence left the energy behind

//

Lerato Khumalo

According to the World Energy Investments Report published by the International Energy Agency this year, the rise of costs in the energy sector and policy uncertainties affecting investment decisions, while capital has started to turn to artificial intelligence -oriented projects. Energy R & D expenditures of companies have shown the lowest growth rate since 2020.

Investments of venture capital decreased by 8 billion dollars in 2024. In 2024, artificial intelligence collected an investment of $ 84 billion, which corresponds to approximately 3 times the energy -related venture capital investments. Interest in artificial intelligence brought opportunities for energy system optimization and energy innovation.

According to the report, as of 2025, companies, headquartered in China, have the largest share in global corporate energy R & D expenditures. R & D expenditures of companies for energy technologies slowed down in 2024 significantly. Corporate energy R & D expenditures increased by only 1 percent to one of the lowest levels of the last 10 years.

This low growth was the weakest performance recorded when the Kovid-19 epidemic was effective. The report pointed out that battery, coal, nuclear energy, renewable energy and thermal power plant equipment reduced R & D investments.