The third edition of the Energy Outlook report provides a comprehensive overview of the energy sector's anticipated developments in 2025. The report highlights the rapid changes in the Energy & Utilities sector globally, driven by increasing energy demand and geopolitical tensions. Global clean energy investment reached a record high in 2024, signaling a positive trend for the sector. Renewables are expected to grow significantly in 2025, supported by government initiatives and corporate commitments. The energy storage market, particularly battery electric systems, is poised for expansion due to improved project economics and strong government support. Additionally, low-carbon hydrogen is gaining traction, with increased investments projected for 2025. Despite the end of cheap borrowing rates, the project economics for clean energy remain positive heading into 2025, with reduced costs for solar panels and battery minerals. However, political uncertainties, including potential disruptions from US energy policy changes and political shifts in Europe, present challenges for clean energy investments and trade. The report covers key themes such as Renewable Energy, Energy Storage, Energy Digitalisation, Energy Networks & Grids, Energy Management, Mining & Minerals, Electric Vehicles, Hydrogen, Oil & Gas, and Nuclear Energy, offering insights into how these trends will shape the energy sector in 2025.