Published on 20 Jun 2024 on Power Technology · via Yahoo Finance
Game-changing: The digitalisation trends solving the energy sector’s biggest...
Climate change and modern technologies are transforming the global electricity sector, with Asia-Pacific economies like China and India experiencing huge growth. Additionally, ageing grid infrastructure in the US and Europe means that upgrading old systems and power lines for the transmission, storage and management of renewable energy is one of the most critical elements of the energy transition today.
Following the COP28 held in Dubai, a survey was conducted in early 2024 by the World Energy Council capturing the perspectives of 1,800 energy leaders from across 100 countries, providing a snapshot of the global energy landscape. The World Energy Issues Survey shows that as well as current geopolitical issues around energy security, one of the top five concerns of leaders was transmission grid strengthening and expansion, with flexible energy storage solutions.