Scaling New Heights: Reimagining the energy transition for power
Power & Renewables
Energy Transition/Climate & Sustainability
While many uncertainties underlie the future path of the energy system, the role of electricity will increase significantly, driven by the push to decarbonize the global economy. At the same time, the technical infrastructure enabling a much more decentralized and electrified energy system is scaling up fast, driven by rapidly falling costs of renewable power generation, storage, and digital solutions. As a result, new power capacity additions will be dominated by solar and wind, but other sources of generation will have to be deployed along with storage and grid reinforcements to cope with demand growth, enable high renewables penetration, and ensure power systems’ resilience. What pathways could power systems take as they transition to a net-zero carbon world where as much as 60% of final energy consumption could come from electricity?