International Energy Agency

Key findings

This report notes that to achieve global climate targets, electricity demand needs to expand 20% faster than in the previous decade. Reaching national goals also means adding or refurbishing a total of over 80 million kilometres of grids by 2040, the equivalent of the entire existing global grid. Smart digital grids that leverage flexibility of distributed energy resources are vital to managing this challenge:  

“In a scenario consistent with meeting national climate goals, the need for system flexibility doubles between 2022 and 2030. Grids need to both operate in new ways and leverage the benefits of distributed resources, such as rooftop solar, and all sources of flexibility. This includes deploying grid enhancing technologies and unlocking the potential of demand response and energy storage through digitalisation.“

Source : https://www.iea.org/reports/electricity-grids-and-secure-energy-transitions (2023)

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