News: Granary of Solutions platform launches to boost global sustainable initiatives. Read it here.
Parts of this site were translated using AI. Accuracy may vary.
News: Granary of Solutions platform launches to boost global sustainable initiatives. Read it here.
Parts of this site were translated using AI. Accuracy may vary.
Tripling renewables and doubling energy efficiency
The expansion and resilience of power grids spans infrastructure, resilience technologies, regulation, financing, supply chains, and social development. As demand for energy and electrification increases, it becomes a critical matter to enable the integration of renewables on the energy supply and avoid future shortages, price volatility and reliance on fossils.
How this solutions relates to the action agenda
Axis: Transitioning Energy, Industry, Transport
Key Objective: Tripling renewables and doubling energy efficiency
Global electricity demands are set to rise by +150% from 2022 to 2050 and the expansion of the power grids is essential to avoid price spikes that could reach 40-100% of annual averages4, frequent economy-harming blackouts and lock-in to fossils.
Sources:
1. Source – International Energy Agency; 2. High voltage direct current; 3. BCG's 2025 study: ""Delivering the Energy Transition Will Come Down to the Wires""'; 4. BCG's study: ""The five forces transforming power markets"
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