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With maintenance backlogs growing and operational standards more demanding, shutdowns are increasing in frequency which places companies under the gun to get them done fast or face serious losses.
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Renewable power generation reached a historic 32% of global electricity in 2024, according to Ember's report released Tuesday. This milestone comes despite a 4% surge in overall electricity demand driven by heatwaves and data centres. Energy experts suggest that growing security concerns and trade tensions could actually accelerate the shift toward renewables as countries seek energy independence through wind and solar power.
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