The 26th edition of Capgemini's World Energy Markets Observatory highlights the ongoing challenges in the global energy transition. Despite increased renewable energy penetration, the pace of development falls short of closing the gap towards achieving net zero emissions by 2050. The report emphasizes the need for hastening the deployment of renewables globally to meet decarbonization goals by 2030 and 2050. While renewable energy capacity has grown, it remains insufficient to achieve the required targets. Grid stability and storage solutions are identified as critical areas due to increased renewable penetration. The report also underscores the strategic importance of hydrogen in decarbonization, noting a significant rise in projects despite cost and regulatory challenges. Nuclear power is recognized as essential for stable, low-carbon energy, with a call to triple global nuclear capacity and focus on extending the lifespan of existing plants and developing Small Modular Reactors (SMRs). Investment in power grids, expected to reach USD 400 billion in 2024, is crucial for accelerating clean energy transitions, with a particular emphasis on leveraging AI for improved grid balancing. Additionally, the report discusses the need to shift from 'Primary Energy Demand' to final energy consumption measurement for a more accurate assessment of clean energy progress. It also highlights the impact of geopolitical uncertainties on energy markets, cautioning against protectionist approaches that may hinder energy sovereignty and distort efficient capital allocation. The report concludes that a holistic approach addressing various challenges, from renewable energy deployment to nuclear capacity expansion and grid optimization, is essential for successful global energy transition.