According to a recent report by the IEA, global energy employment hit 76 million in 2024—up more than 5 million since 2019—growing twice as fast as the wider economy. The power sector (solar, nuclear, grids, storage) and EV/battery jobs are driving this surge.
Over 50% of firms however report critical labor shortages, risking project delays and higher costs.
Technical roles (electricians, engineers, operators) are hardest hit, making up half the workforce. An aging workforce is also worsening the gap, with 2.4 retirees for every new hire in advanced economies. To meet 2030 demand, 40% more qualified workers are estimated to be needed, requiring $2.6 billion annually in training investment.