21/06/2024
's New Power Systems report predicts global electricity demand to double by 2050 amid a shift to renewables like wind and solar. As renewable sources expand, grid technology must evolve to handle increased variability and demand for flexibility. Investments in AI, battery storage, and hydrogen chains are crucial. DNV emphasises the need for coordinated global efforts and innovative policies for a successful energy transition.
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According to DNV, the energy transition requires significant grid expansion to accommodate for an increased decarbonised energy system