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The Future May Not Be As Electric As We Think

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Virtually every single forecast about the future of transport focuses on its electrification – on the idea that Electric Vehicles will take over roads, displacing the internal combustion engine Internal Combustion Engine (ICE) and making it history.
Not everyone agrees, however, and that includes Renault, China’s Geely and, as of last month, Saudi Aramco. The three are investing in a company that develops powertrain technology for internal combustion engine vehicles. The future may not be as electric as we may expect.
Horse Powertrain came into existence at the end of May as a 50:50 joint venture between Renault and Geely. At the time, Renault’s Chief Executive said the company would aim to become a leader in “ultra-low emission internal combustion engines and high economy hybrid technologies”.
Decarbonisation, then, remains the top priority. Yet Renault and Geely are opting for an alternative way to achieve it, through fuel efficiency and other tech advancements in internal combustion rather than through total electrification.
It is no wonder Aramco is joining the party, especially in light of the recent performance of its EV darling, Lucid Motors.
Lucid has seen its share price plummet from over $50 apiece to less than $9 in three years and has missed its own delivery target for the first half of this year even though it boasted record deliveries of 2,394 cars.
The Saudi oil giant likes to spread its eggs across several baskets, and it looks like the ICE basket is still quite popular. People are still buying a lot more internal combustion engine cars than electric vehicles.
A lot of EV drivers want to go back to their internal combustion engine car. Things are not looking good for the electrification of transport, with the normal glitches of new technology still being sorted out. However, they are looking as robust as ever for internal combustion.
“It will be incredibly expensive for the world to completely stamp out, or do without internal combustion engines”, Yasser Mufti, Executive Vice-President at Saudi Aramco, who was in charge of the Horse Powertrain deal, told the Financial Times.
“If you look at affordability and a lot of other factors, I do think they will be around for a very, very long time”, he stated.
Affordability is indeed one of the factors that make drivers loyal to the ICE technology. For all the efforts EV makers have been putting into lowering the price of their electric vehicles, and for all the government support of the technology, EVs remain costlier than comparable internal combustion engine vehicles.
Of course, affordability is only part of the car equation. Another is fueling or charging time and on this, the ICE car once again beats the EV.
For all the talk about how convenient it was to charge your EV overnight in the comfort of your own garage, it has been dawning on forecasting EV bulls that globally, only a minority of drivers have a garage to charge an EV in, while most would need to rely on public chargers.
Also, only a minority of drivers would be willing to spend hours charging their car overnight or not.
Perhaps the best testimonial to the enduring power of the internal combustion engine were the latest car sales figures from China.
The world’s biggest market, China, has been breaking records in EV sales. This seems to have created a perception that half of all cars in China are electric. In fact, the reality is quite different.
Xinhua reported earlier this week that the total number of cars on Chinese roads had reached 440 million at the end of June. Of these, the data showed, new energy vehicles had a share of 24.72 million. Of these, 18.13 million were plug-in electric vehicles — what we commonly call EVs, and the rest were hybrids.
In percentage terms, then, EVs represent barely a 4.1% of the Chinese market. In other words, even in the world’s biggest EV market, with billions spent on charging infrastructure and making EVs dirt cheap, most drivers still prefer internal combustion vehicles.
“We believe that as far out as 2035, 2040 and even beyond 2040 we still see a significant number of ICE vehicles”, Matias Giannini, Chief Executive of Horse Powertrain, told the FT.
“More than half for sure, and up to 60 per cent of the population will still have some sort of an engine, whether it is pure ICE, a full hybrid or a plug-in hybrid”, he added.
The internal combustion engine has survived so long and remained the overwhelmingly dominant transportation technology for one simple reason: it has been superior to alternatives and its benefits have outweighed the costs consistently.
It is at the cost-benefit analysis state that the EV revolution tripped and fell — because it seems that no one bothered to do that analysis.
So, the market made it for them, with the EV surge celebrated loudly last year slowing down before the year was even over. Horse Powertrain may yet acquire new shareholders.
Slav writes for Oilprice.com.

By: Irina Slav

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The Tofu Brine Battery That Could End the Lithium Era

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Researchers in Hong Kong and China have developed a new form of battery that is more eco-friendly and longer lasting than lithium ion batteries –  and it runs on tofu brine. The new water battery is still in research phases, but if the technology proves to be scalable enough to hit commercial markets, it could be a game-changer for the energy and tech sectors.

“Compared with current aqueous battery systems … our system delivers exceptional long-term cycling stability and environmental friendliness under neutral conditions,” the research team, composed of scientists from the City University of Hong Kong and Southern University of Science and Technology in Shenzhen, Guangdong, said in a paper published this month in Nature Communications.

The researchers found that their battery model can be recharged over 120,000 times. “At over a hundred thousand cycles, this could mean a single water-based battery could last at least a decade or so,” states a recent report on the breakthrough from Interesting Engineering. “For applications like grid storage (solar farms, wind balancing), that’s extremely valuable,” the article went on to say.

This kind of lifespan would represent a drastic improvement over the battery technologies that dominate today’s market. Lithium-ion batteries degrade after between 1,000 and 3,000 charge cycles. This could prove revolutionary, as finding an alternative to lithium-ion batteries to power rechargeable devices is a major priority for Big Tech and the global energy sector.

Moreover, these tofu-brine batteries could prove safer and more environmentally friendly than lithium-ion batteries. According to the study authors, the full cells are environmentally benign and nontoxic and can be directly discarded to environments according to various standards.” Water based (also called aqueous) batteries can also potentially be cheap to produce as they rely on ingredients that are less rare in addition to being less hazardous.

Lithium is environmentally harmful to extract, prone to fires, and its supply chains are geopolitically fraught. Currently, China alone controls half of the global lithium market, and is rapidly increasing its stake. In 2024, more than eight in ten battery cells on the planet were made in China. This means that finding a battery model that can compete with lithium-ion batteries in applications like grid-scale energy storage and electric vehicles would have revolutionary implications for global markets.

Researchers around the world have been racing to develop battery models that could diversify the market and make it more competitive and resilient. These models range widely in size, components, and application, with models currently under development for next-gen sodium-ion batteries, quantum batteries, nuclear batteries, and even sand and dirt batteries.

Of course, the irony is that the leading alternatives to lithium-ion batteries are also being developed in Chinese labs. If this new tofu-brine battery proves scalable and applicable outside of a laboratory environment, it could just be another step toward Beijing’s goal of near-total domination of clean energy technology value chains and status as the world’s first and premiere ‘electro-state.’

China’s extreme advantage in global battery making gives it a major point of leverage in global economies as the world continues to electrify at a rapid pace. It is estimated that European demand for lithium in batteries will reach kilo tonnes (thousands of tonnes) of Lithium Carbonate Equivalent by next year, and North American demand will reach 250 kit LCE. it’s all but certain that the vast majority of that demand will be supplied by China.

Other nations are aware of the risk of this dependency, and are taking pains to protect and promote domestic battery manufacturing, but these efforts may be too little, too late. “For globally competitive battery manufacturing industries to emerge outside of Asia over the next ten years, companies will need to do far more than ensure regulatory compliance,” summarizes a McKinsey & Company report released in January. “Challenges will need to be overcome on multiple fronts spanning supply chains, talent management, operations and technology.”

By: Haley Zaremba

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REA TO Spend N100bn On Hybrid Mini-grids For Govt Agencies In 2026

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The Rural Electrification Agency (REA) says it will spend N100 billion in 2026 to deploy hybrid mini-grids for government agencies within and outside Abuja.

The Managing Directors, REA, Abba Aliyu, disclosed this while addressing newsmen on the sidelines of the 2026 budget defence session organised by the House Committee on Rural Electrification in Abuja, Friday.

The approved funds form part of the National Public Sector Solarisation programme, a component of the agency’s broader N170 billion budget proposal for 2026.

The initiative is designed to improve electricity reliability for public institutions while reducing operational costs and easing pressure on the national grid.

Aliyu explained that the agency’s total proposed budget for 2026 stands at N170 billion, with N100 billion of the amount dedicated specifically to the solarisation initiative targeting government agencies.

He said the hybrid mini-grid systems combine solar power with complementary energy sources to ensure an uninterrupted electricity supply.

“The total budget size for 2026 operations is N170 billion, out of which N100 billion had been approved for National Public Sector Solarisation.

“The managing director said that the N100 billion targets provision of hybrid mini-grid for government agencies within and outside Abuja”,
He stated that the intervention covers agencies in the Federal Capital Territory as well as other parts of the country with the aim of reducing energy costs for government operations while improving electricity reliability.

Aliyu cited the National Hospital in Abuja as an example where similar infrastructure had been deployed to ensure stable power and cut operational expenses.He added that beyond the Solarisation

programme, the 2026 budget includes over 500 electrification projects nationwide, covering grid extensions for nearby communities, deployment of transformers, mini-grids for agrarian and cottage-industry clusters, and solar home systems for sparsely populated areas.

Recall that earlier in February 2026, REA signed a Memorandum of Understanding with the Economic Community of West African States (ECOWAS) to deploy solar power systems to 15 public institutions across Nigeria.

The project will be implemented under the Regional Off-Grid Electricity Access Project (ROGEAP), a World Bank-supported initiative aimed at expanding off-grid electricity access across West Africa and the Sahel.

ECOWAS will provide a $700,000 grant to fund the installation of solar photovoltaic systems in selected rural health centres  and schools in the Federal Capital Territory, Niger, and Nasarawa States.

The initiative marked the formal commencement of Nigeria’s pilot implementation phase under ROGEAP, with REA serving as the technical and financial implementing agency.
 through interconnected mini-grids.
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PIA: TotalEnergies Transfers OLO Oilfield HCDT Obligation To Aradel ……Says HCDT Enabled Completion of 100 Projects In 2 years

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Pursuant of the Petroleum Industry Act (PIA), TotalEnergies has handed over the OLO Oilfield Host Community Development Trust (HCDT) to Aradel Holdings Plc.
This transition follows Aradel’s earlier acquisition of the Olo and Olo West marginal fields (formerly part of OML 58) from the TotalEnergies/NNPCL Joint Venture, and formally completes the transfer of settlor responsibilities under the trust, ensuring that community development work already underway continues without interruption.
Speaking at the Hand-Over ceremony in Abuja, weekend, the Chief Executive, Nigerian Upstream Petroleum Regulatory Commission (NUPRC), Oritsemeyiwa Eyesan, said the development trust remains intact, its governance structure preserved and its statutory funding obligations transitioning seamlessly to the new settlor as envisioned by the PIA.
Represented by the Executive Commissioner, for Health, Safety, Environment, and Community (HSEC), John Tonlagha, Eyesan explained that the Commission would continue to provide firm and consistent oversight to ensure full compliance with the PIA for the benefit of both the communities and the industry.
Also speaking, the General Manager, Community Affairs, Projects and Development, TotalEnergies, Dornu Kogam, urged Aradel Holdings to maintain the same transparent, community-centered approach throughout project completion.
TotalEnergies further confirmed that all obligations up to the date of transfer have been fully met, and no outstanding liabilities remain adding that Aradel formally assumes full responsibility going forward, with the Commission’s regulatory consent granted.

In his remarks, the Community Affairs Manager, Aradel Holdings Plc, Blessyn Okpowo, affirmed the company’s commitment to honouring all PIA obligations and continuing Total Energies’ community engagement approach.“We want to say that in line with the PIA, we will honour commitments and duties required of the settlor and we want to work very smoothly with the way TotalEnergies has worked with them,” he stated.

The Chairman, Board of Trustees, OLO host community, Wales Godwin, commended the HCDT’s delivery of 118 projects out of 160 planned.

He recognised the Commission’s role in approving the Community Development Plan (CDP) before project start, underscoring regulatory excellence.The parties noted that between 2023 and 2025, the trust has enabled the completion of more than 100 community projects, spanning water supply, electricity, road infrastructure, education, and healthcare with a further 40 projects currently ongoing.

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