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Spot market electricity prices for Tuesday, Aug. 18

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 2.39 billion Turkish liras

17.08.2026 Electricity

Türkiye's daily power consumption down 10.4% on Aug. 16

- Electricity exports amount to 25,678 megawatt-hours and imports total 1,378 megawatt-hours

18.08.2026 Electricity

Spot market electricity prices for Monday, Aug. 17

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 2.3 billion Turkish liras

16.08.2026 Electricity

US extends Michigan coal plant operation amid grid reliability concerns

- More than 17 gigawatts of coal-fired generation capacity remains online as Trump administration reverses planned shutdowns

18.08.2026 Coal

Türkiye's daily power consumption down 7.4% on Aug. 15

- Electricity exports amount to 24,140 megawatt-hours and imports total 3,826 megawatt-hours

16.08.2026 Electricity

Explosion near Libya’s Zawiya power plant disrupts electricity production

- State electricity company says technical teams investigating cause as power restoration efforts continue

17.08.2026 Electricity

Türkiye's daily power consumption down 2.9% on Aug. 14

- Electricity exports amount to 23,489 megawatt-hours and imports total 3,629 megawatt-hours

15.08.2026 Electricity

Spot market electricity prices for Saturday, Aug. 15

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.54 billion liras

14.08.2026 Electricity

Türkiye's licensed power generation up 6.51% in June 2026

- Türkiye's electricity consumption grows faster than generation

14.08.2026 Electricity

Türkiye's daily power consumption up 0.5% on Aug. 13

- Electricity exports amount to 23,600 megawatt-hours and imports total 2,483 megawatt-hours

14.08.2026 Electricity

EU electricity production sees record low coal share

- Total coal share in electricity production decreases further to lowest point in 2025

13.08.2026 Electricity

Spot market electricity prices for Friday, Aug. 14

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.89 billion Turkish liras

13.08.2026 Electricity

Türkiye's daily power consumption up 0.3% on Aug. 12

- Electricity exports amount to 22,820 megawatt-hours and imports total 2,700 megawatt-hours

14.08.2026 Electricity

Solar eclipse to push European power prices higher in evening hours

- European power prices seen reaching €460/MWh as solar eclipse cuts generation during evening demand

13.08.2026 Electricity

Spot market electricity prices for Thursday, Aug. 13

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.84 billion Turkish liras

12.08.2026 Electricity

Study links sharp German electricity bill increases to rising AfD support

- Households facing above-median increases in electricity payments are 7.5 percentage points more likely to support Germany's far-right AfD, study finds

13.08.2026 Electricity

Vestas raises yearly profit outlook as second-quarter revenue and orders surge

- Danish turbine maker reports 26.1% rise in second-quarter revenue and sharp increase in orders, lifting its wind turbine backlog to €36 billion

12.08.2026 Electricity , Finance

Türkiye seeks stonger Gulf electricity ties through regional power corridor

- Türkiye aims at strengthening its role in regional power trade as it expands electircity links with the Middle East and Europe

12.08.2026 Electricity

Türkiye's turns to offshore wind to expand renewable energy ambitions

- Türkiye targets 5 GW of offshore wind capacity by 2035, but permitting, infrastructure and financing challenges could limit deployment to 1.3 GW

12.08.2026 Electricity , Wind

Türkiye's daily power consumption up 1.74% on Aug. 11

- Electricity exports amount to 24,003 megawatt-hours and imports total 2,898 megawatt-hours

12.08.2026 Electricity

Spot market electricity prices for Wednesday, Aug. 12

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 2.06 billion Turkish liras

11.08.2026 Electricity

Solar eclipse to test Europe's grid flexibility amid rising PV generation

- Grid operators across Europe preparing to balance potential 9.7-gigawatt drop in solar generation, highlighting growing need of flexibility in electricity production

12.08.2026 Electricity

Türkiye's daily power consumption up 14.1% on Aug. 10

- Electricity exports amount to 23,399 megawatt-hours and imports total 2,049 megawatt-hours

12.08.2026 Electricity

Spot market electricity prices for Tuesday, Aug. 11

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 2.17 billion Turkish liras

10.08.2026 Electricity

China targets 50% of electricity generation from non-fossil sources by 2030

- Beijing plans to expand hydropower, nuclear power and energy storage capacity while strengthening electric vehicle charging infrastructure

11.08.2026 Electricity , Renewable

Türkiye's daily power consumption down 9.3% on Aug. 9

- Electricity exports amount to 25,083 megawatt-hours and imports total 2,977 megawatt-hours

10.08.2026 Electricity

Spot market electricity prices for Monday, Aug. 10

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.87 billion liras

09.08.2026 Electricity

SMRs expected to provide one-quarter of new global nuclear capacity by 2050

- Small modular reactors expected to attract around $1.5 trillion in investment by 2050, accounting for nearly one-third of global reactor spending as countries expand capacity

11.08.2026 Electricity , Finance

Türkiye's daily power consumption down 4.55% on Aug. 8

- Electricity exports amount to 24,181 megawatt-hours and imports total 2,703 megawatt-hours

09.08.2026 Electricity

Spot market electricity prices for Sunday, Aug. 9

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.18 billion liras

08.08.2026 Electricity

Türkiye's daily power consumption down 0.7% on Aug. 7

- Electricity exports amount to 23,617 megawatt-hours and imports total 2,025 megawatt-hours

08.08.2026 Electricity

European power prices surge as heat, drought strain supply

- Prices top €710 per megawatt-hour in Slovenia and €650 in Croatia

08.08.2026 Electricity

Spot market electricity prices for Saturday, Aug. 8

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.76 billion Turkish liras

07.08.2026 Electricity

Türkiye's daily power consumption up 0.85% on Aug. 6

- Electricity exports amount to 24,107 megawatt-hours and imports total 2,532 megawatt-hours

07.08.2026 Electricity

Spot market electricity prices for Friday, Aug. 7

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 2.34 billion Turkish liras

06.08.2026 Electricity

Türkiye's daily power consumption up 1% on Aug. 5

- Electricity exports amount to 24,503 megawatt-hours and imports total 2,188 megawatt-hours

06.08.2026 Electricity

Spot market electricity prices for Thursday, Aug. 6

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 2.26 billion Turkish liras

05.08.2026 Electricity

Nuclear expansion requires more than $250B in annual investment through 2050: Report

- Projected investment level aligns with goal adopted by 38 countries to at least triple global nuclear energy capacity by 2050

06.08.2026 Electricity , Finance

Spot market electricity prices for Wednesday, Aug. 5

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 2.2 billion Turkish liras

04.08.2026 Electricity

Türkiye's daily power consumption up 14.8% on Aug. 3

- Electricity exports amount to 23,111 megawatt-hours and imports total 1,089 megawatt-hours

04.08.2026 Electricity

Spot market electricity prices for Tuesday, Aug. 4

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 2.15 billion Turkish liras

03.08.2026 Electricity

Türkiye's daily power consumption down 8% on Aug. 2

- Electricity exports amount to 25,018 megawatt-hours and imports total 2,342 megawatt-hours

04.08.2026 Electricity

Cuba hit by another nationwide blackout after power grid collapses

- State electricity utility says nationwide grid failure leaves island without power as Cuba faces continued energy challenges, media reports

03.08.2026 Electricity

Spot market electricity prices for Monday, Aug. 3

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 2.29 billion Turkish liras

02.08.2026 Electricity

Türkiye's daily power consumption down 4.4% on Aug. 1

- Electricity exports amount to 10,317 megawatt-hours and imports total 2,228 megawatt-hours

03.08.2026 Electricity

Hungary's Paks Nuclear Power Plant to shut down for first time in 44 years as Danube water levels plunge

- Prime Minister Peter Magyar says Hungary’s only nuclear power plant to halt operations Monday as record-low Danube water levels disrupt reactor cooling amid heat wave, drought

03.08.2026 Nuclear

Spot market electricity prices for Sunday, Aug. 2

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.37 billion liras

01.08.2026 Electricity

Spot market electricity prices for Saturday, Aug. 1

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.45 billion liras

31.07.2026 Electricity

Türkiye's energy import bill up 28.8% in June

- At $5.91 billion, energy accounted for 16.7% of the overall import figures in Türkiye in June

31.07.2026 Electricity

US tech companies turn to geothermal energy to power data centers

- Google, Microsoft and Meta are investing in geothermal projects to meet growing electricity demand in data centers

01.08.2026 Electricity , Geothermal/Biomass

Türkiye's daily power consumption down 0.1% on July 30

- Electricity exports amount to 8,713 megawatt-hours and imports total 4,140 megawatt-hours

31.07.2026 Electricity

Spot market electricity prices for Friday, July 31

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.44 billion Turkish liras

30.07.2026 Electricity

Türkiye's installed electricity capacity surpasses 126 GW

- Solar and wind power capacity reach 42,491 MW, corresponding to 33.7% of Türkiye's total installed electricity capacity

30.07.2026 Electricity , Finance , Solar

Türkiye's daily power consumption down 0.1% on July 29

- Electricity exports amount to 7,705 megawatt-hours and imports total 8,899 megawatt-hours

30.07.2026 Electricity

Spot market electricity prices for Thursday, July 30

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.32 billion Turkish liras

29.07.2026 Electricity

Europe's retired nuke plants find second life as energy storage hubs

- Several European countries repurpose former nuclear and conventional power plant sites for battery storage projects by utilizing grid infrastructure

30.07.2026 Electricity , Finance

Türkiye's daily power consumption up 5.8% on July 28

- Electricity exports amount to 6,908 megawatt-hours and imports total 9,527 megawatt-hours

30.07.2026 Electricity

Türkiye's daily power consumption up 16.3% on July 27

- Electricity exports amount to 7,076 megawatt-hours and imports total 7,549 megawatt-hours

28.07.2026 Electricity

Spot market electricity prices for Tuesday, July 28

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.67 billion Turkish liras

27.07.2026 Electricity

Türkiye's daily power consumption down 11.2% on July 26

- Electricity exports amount to 4,924 megawatt-hours and imports total 10,439 megawatt-hours

28.07.2026 Electricity

Spot market electricity prices for Monday, July 27

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.78 billion Turkish liras

26.07.2026 Electricity

Türkiye's daily power consumption down 9.16% on July 25

- Electricity exports amount to 8,447 megawatt-hours and imports total 7,749 megawatt-hours

26.07.2026 Electricity

Spot market electricity prices for Sunday, Jul. 26

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.28 billion liras

25.07.2026 Electricity

Türkiye's daily power consumption down 3.6% on July 24

- Electricity exports amount to 7,973 megawatt-hours and imports total 5,394 megawatt-hours

25.07.2026 Electricity

Spot market electricity prices for Saturday, July 25

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.43 billion liras

24.07.2026 Electricity

Türkiye's daily power consumption down 0.9% on July 23

- Electricity exports amount to 7,599 megawatt-hours and imports total 7,998 megawatt-hours

24.07.2026 Electricity

Spot market electricity prices for Friday, Jul. 24

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 2.14 billion liras

23.07.2026 Electricity

Renewables make up 26% of EU energy use in 2025, Eurostat says

- There is still progress to be made as EU's 2030 renewable energy target is 42.5%, office says

24.07.2026 Electricity

India targets 100 GW nuclear power capacity by 2047

- Government targets deployment of five indigenous SMRs by 2033 under Nuclear Energy Mission

23.07.2026 Nuclear

Türkiye's daily power consumption up 0.8% on Jul. 22

- Electricity exports amount to 9,028 megawatt-hours and imports total 6,900 megawatt-hours

23.07.2026 Electricity

Iberdrola to buy Finland's largest power grid operator in €5B deal

- Acquisition of Caruna marks Spanish utility's entry into Finland and strengthens focus on regulated electricity networks

23.07.2026 Electricity

Türkiye's daily power consumption up 2.8% on July 21

- Electricity exports amount to 8,634 megawatt-hours and imports total 3,628 megawatt-hours

22.07.2026 Electricity

Spot market electricity prices for Wednesday, Jul. 22

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 2.34 billion liras

21.07.2026 Electricity

Türkiye's daily power consumption up 14.6% on July 20

- Electricity exports amount to 8,757 megawatt-hours and imports total 6,508 megawatt-hours

21.07.2026 Electricity

Spot market electricity prices for Tuesday, Jul. 21

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.98 billion liras

20.07.2026 Electricity

Türkiye's daily power consumption down 8.7% on July 19

- Electricity exports amount to 11,198 megawatt-hours and imports total 4,600 megawatt-hours

20.07.2026 Electricity

Spot market electricity prices for Monday, Jul. 20

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.99 billion liras

20.07.2026 Electricity

Türkiye's daily power consumption down 4.14% on July 18

- Electricity exports amount to 9,825 megawatt-hours and imports total 8,417 megawatt-hours

20.07.2026 Electricity

Spot market electricity prices for Sunday, Jul. 19

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.45 billion liras

18.07.2026 Electricity

Türkiye's daily power consumption up 0.5% on July 17

- Electricity exports amount to 8,768 megawatt-hours and imports total 7,957 megawatt-hours

18.07.2026 Electricity

Türkiye's electricity distributors join global net-zero utilities alliance

- Elder says cooperation with UNEZA will support grid modernization, renewable integration and Türkiye's COP31 vision

21.07.2026 Electricity

Spot market electricity prices for Saturday, Jul. 18

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.60 billion liras

17.07.2026 Electricity

EU unveils electrification plan, carbon market overhaul to boost competitiveness

- Commission proposes reforms to accelerate clean energy transition, ease pressure on industry

17.07.2026 Electricity , Finance

Renewables supplied nearly one-third of global electricity in 2024, IRENA says

- Global renewable electricity generation rises 9.8% last year, far outpacing fossil fuel-based generation as solar and wind continues to lead growth

17.07.2026 Electricity , Finance

Türkiye's daily power consumption up 9% on July 16

- Electricity exports amount to 9,285 megawatt-hours and imports total 7,339 megawatt-hours

17.07.2026 Electricity , Finance

Türkiye, Canada join forces to build next-generation Turkish nuclear ecosystem

- Partnership aims at connecting Turkish companies with Canada's nuclear ecosystem, including engineering firms, universities and industrial stakeholders

16.07.2026 Nuclear

Spot market electricity prices for Friday, Jul. 17

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.74 billion liras

16.07.2026 Electricity

Türkiye's daily power consumption down 6.42% on July 15

- Electricity exports amount to 9,012 megawatt-hours and imports total 6,587 megawatt-hours

16.07.2026 Electricity

Spot market electricity prices for Thursday, Jul. 16

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.77 billion liras

15.07.2026 Electricity

Türkiye's daily power consumption up 1.28% on July 14

- Electricity exports amount to 8,509 megawatt-hours and imports total 4,945 megawatt-hours

16.07.2026 Electricity

Spot market electricity prices for Wednesday, Jul. 15

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.34 billion liras

14.07.2026 Electricity

Türkiye's daily power consumption up 14.9% on July 13

- Electricity exports amount to 8,798 megawatt-hours and imports total 5,013 megawatt-hours

14.07.2026 Electricity

Spot market electricity prices for Tuesday, Jul. 14

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.62 billion liras

13.07.2026 Electricity

Türkiye's daily power consumption down 8.7% on July 12

- Electricity exports amount to 10,700 megawatt-hours and imports total 3,528 megawatt-hours

13.07.2026 Electricity

Spot market electricity prices for Sunday, Jul. 12

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.19 billion liras

11.07.2026 Electricity

Türkiye's daily power consumption down 0.16% on July 10

- Electricity exports amount to 6,687 megawatt-hours and imports total 5,933 megawatt-hours

13.07.2026 Electricity

Spot market electricity prices for Saturday, Jul. 11

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.51 billion liras

10.07.2026 Electricity

Türkiye's daily power consumption up 0.4% on July 9

- Electricity exports amount to 7,914 megawatt-hours and imports total 5,298 megawatt-hours

10.07.2026 Electricity

Spot market electricity prices for Friday, July 10

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.98 billion liras

09.07.2026 Electricity

Türkiye's daily power consumption up 0.8% on July 8

- Electricity exports amount to 7,770 megawatt-hours and imports total 5,153 megawatt-hours

09.07.2026 Electricity

Spot market electricity prices for Thursday, July 9

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 2.05 billion liras

08.07.2026 Electricity

Türkiye's daily power consumption up 2.25% on July 7

- Electricity exports amount to 7,444 megawatt-hours and imports total 6,051 megawatt-hours

09.07.2026 Electricity

Spot market electricity prices for Wednesday, July 8

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.81 billion liras

07.07.2026 Electricity

Türkiye's daily power consumption up 12.4% on July 6

- Electricity exports amount to 7,648 megawatt-hours and imports total 4,726 megawatt-hours

07.07.2026 Electricity

Spot market electricity prices for Tuesday, July 7

- Energy Exchange Istanbul (EXIST) data shows electricity market trade volume amounts to 1.70 billion liras

06.07.2026 Electricity

Hungary's Paks Nuclear Power Plant to shut down for first time in 44 years as Danube water levels plunge

India targets 100 GW nuclear power capacity by 2047

Türkiye, Canada join forces to build next-generation Turkish nuclear ecosystem

Loading of dummy fuel complete at Akkuyu's first reactor unit

Türkiye says power system strong amid European blackout

Türkiye's daily power consumption down 1.8% on April 26

Türkiye's daily power consumption up 16.7% on May 22

Türkiye's daily power consumption increases 1.2% on May 10

US extends Michigan coal plant operation amid grid reliability concerns

Coal prices surge as Middle East tensions disrupt energy markets

Trump directs Pentagon to purchase coal-fired electricity as he seeks boon for fading industry

Climate change protestors block world’s largest coal export port in Australia

Spot market natural gas prices for Tuesday, Nov. 5

Global natural gas investments to reach almost $9 trillion by 2050

Spot market natural gas prices for Thursday, Jan. 5

Turkish president announces more gas reserves found in Black Sea

Spot market natural gas prices for Saturday, Jul. 4

Spot market natural gas prices for Friday, Jun. 12

Spot market natural gas prices for Thursday, Apr. 9

Spot market natural gas prices for Thursday, Feb. 12

ExxonMobil awards $1.1B in contracts for Mozambique LNG project

Türkiye's LPG imports fall 8.4% year-on-year in June

Hormuz disruption pushes LNG shipping costs to highest levels since 2022: Report

Algerian LNG vessel to arrive in Türkiye on July 13

US oil rig count up for week ending Dec. 26

Türkiye to deploy AI in oil and gas exploration

Oil production in Türkiye's eastern region breaks first record in 2024

Oil up in w/e Dec. 15 on demand optimism, central bank interest rate decisions

Hormuz shipping risks highlight strategic value of oil storage outside chokepoint

US oil rig count falls for week ending April 17

Türkiye, Iraq begin talks on new oil transport deal

US oil rig count down by 8 for week ending May 23

Saudi Aramco and Maaden inks deal for mining in Saudi Arabia

Oil majors reap $152.8B in first-half profits as higher prices pressure Trump

US crude oil inventories down 1.5% in week ending June 19

Oil prices seek balance amid supply risks, diplomacy outlook

ScottishPower, Masdar complete foundation installation at 1.4GW UK offshore wind project

Türkiye's turns to offshore wind to expand renewable energy ambitions

Europe transforms aging wind farms through "repowering" investments

Vestas secures 43-megawatt turbine agreement in Germany

Türkiye's installed electricity capacity surpasses 126 GW

Türkiye's solar power generation hits all-time high in June

Türkiye's solar generation hits fresh peak as summer demand grows

Türkiye's solar generation hits fresh peak as summer demand grows

Türkiye has 13 GW of investment-ready pumped-storage hydropower potential

Hydropower generation strengthens Türkiye's energy security, cuts import bill by $5B

Global hydropower capacity rises to 1,469 GW as pumped storage hits record level

Spot market electricity prices for Saturday, Apr. 25

US tech companies turn to geothermal energy to power data centers

Highlights of Türkiye's energy market in 2024

Climate crisis to push 150M more Africans into poverty by 2050, experts warn

Taiwan starts drilling of 1st deep geothermal well

Nvidia to invest $1.5B, provide up to $105B guarantee for OpenAI data center

Canada announces $50.5B clean energy investment, said to be largest in North American history

Türkiye plans to double Black Sea gas production by year-end

Vestas raises yearly profit outlook as second-quarter revenue and orders surge

Hormuz shipping risks highlight strategic value of oil storage outside chokepoint

OPEC+ agrees to extend group-wide output cuts into 2025

Libya Energy & Economic Summit 2024 to kick off in Tripoli

OPEC+ countries announce daily voluntary output cuts by 2.2 million barrels

Brazil joins OPEC+ as group confirms 3.6 million barrels per day output cut

Spot market electricity prices for Sunday, Dec. 3

ExxonMobil drills first lithium well in Arkansas in aim to become major player in EV sector

Spot market electricity prices for Thursday, June 8

High rollout of electric vehicles could earn UK drivers £6.5B more by 2035

Spot market natural gas prices for Friday, Dec. 1

Turkey's daily power consumption down 0.77% on Oct. 23

Russian Lukoil starts Chashkino gas-turbine power plant

Gazprom posts 26% loss in 1H20

China targets 50% of electricity generation from non-fossil sources by 2030

Renewables emerge as buffer against fossil fuel price shocks, saving $480B

Türkiye's installed power capacity reaches 125,598 MW as renewables drive growth

Global renewable energy capacity nears halfway to 2030 target as solar drives growth

Türkiye's LPG production up 12.4% in March

Türkiye's LPG production down 4.3% in December 2024

Türkiye's LPG production down 25% in April 2024

Türkiye's LPG production up 15% in December 2023

Strait of Hormuz blockade brings energy crisis to Europe

USS Nimitz service extended amid Strait of Hormuz tensions: Report

Energy infrastructure in Ukraine hit by 1,225 attacks in 2025 as damage surpasses $20B