The wind industry is entering a new phase of scale. Offshore installations are set to surge in 2026 as a new generation of massive projects comes online, while onshore markets continue expanding across the globe. But the picture beneath those headline numbers is increasingly nuanced. Offshore developers are still grappling with supply chain bottlenecks, higher financing costs and policy uncertainty, even as governments accelerate deployment in the name of energy security and rising power demand. At the same time, Chinese manufacturers are rapidly expanding internationally, intensifying competition across global turbine markets. So where does the wind industry go next, and how are developers, manufacturers and governments adapting to a more competitive and fragmented market? On today’s show, Dana Perkins is joined by BloombergNEF’s head of wind research, Oliver Metcalfe, to discuss some of his team’s recent research including “Offshore Wind Market Outlook 1H 2026: New Era of Scale” and “Wind Turbine Orders in 2025: Chinese Firms Capture 34%.”

Complementary BNEF research on the trends driving the transition to a lower-carbon economy can be found at BNEF on the Bloomberg Terminal or on bnef.com

Links to research notes from this episode:

Offshore Wind Market Outlook 1H 2026: New Era of Scale - https://www.bnef.com/insights/39491

Wind Turbine Orders in 2025: Chinese Firms Capture 34% - https://www.bnef.com/insights/39261

See omnystudio.com/listener for privacy information.

Japan’s journey back to nuclear power is entering a new phase. Fifteen years after the Fukushima disaster and the shuttering of the country’s nuclear fleet, the return of the Kashiwazaki Kariwa 6 reactor marks the first restart in the Tokyo power region and one of the most significant additions since 2011. The timing is critical. Japan remains heavily reliant on imported LNG, leaving its power prices exposed to global gas shocks and disruptions from the war in the Middle East. Nuclear restarts are increasingly being seen as a way to strengthen energy security, reduce fuel imports and ease pressure on power prices. So what role can nuclear realistically play in Japan’s power system, and how much further can the country’s restart program go? On today’s show, Kamala Schelling is joined by Mariko O’Neil, BNEF’s head of APAC power, to discuss her note “Nuclear Comeback to Ease Tokyo Power Price War Premium.”

Complementary BNEF research on the trends driving the transition to a lower-carbon economy can be found at BNEF on the Bloomberg Terminal or on bnef.com

Links to research notes from this episode:

Nuclear Comeback to Ease Tokyo Power Price War Premium - https://www.bnef.com/analyst-reactions/tdkvktt96osk00

See omnystudio.com/listener for privacy information.

Hydrogen’s place in the energy transition is changing. After years of hype around its role in reaching net zero, many projects have been delayed or canceled as costs remain high, policy support weakens and demand proves slow to materialize. Yet hydrogen is far from disappearing. Industries already consume vast amounts of the molecule today, and sectors such as fertilizers, refining and potentially steelmaking still have few viable alternatives for deep decarbonization. At the same time, countries like China and India continue to push ahead with deployment and industrial policy support. So after the hype cycle, where does hydrogen actually make economic sense in the energy transition? On today’s show, Tom Rowlands-Rees is joined by Martin Tengler, BloombergNEF’s head of hydrogen research, to discuss some of his department’s recent work, including “No, Iran War Won’t Boost Clean Hydrogen – Except in China” and “Hydrogen Supplier Market Shares 2026: US Blue in the Lead.”

Complementary BNEF research on the trends driving the transition to a lower-carbon economy can be found at BNEF on the Bloomberg Terminal or on bnef.com

Links to research notes from this episode:

Hydrogen Lifted by AccelerateEU, But Expect No Miracles - https://www.bnef.com/analyst-reactions/tdxp93kk3ny800

Clean Hydrogen Production Assets Update - https://www.bnef.com/insights/39161

No, Iran War Won’t Boost Clean Hydrogen - Except in China - https://www.bnef.com/insights/39077

Hydrogen Supplier Market Shares 2026: US Blue in the Lead - https://www.bnef.com/insights/38839

See omnystudio.com/listener for privacy information.