Tag: GridInnovation
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Why Decarbonising Power Is the 21st-Century Economic Upgrade We Can’t Afford to Delay
Renewable energy has overtaken coal in global generation for the first time, highlighting a pivotal shift in power dynamics. Spain’s olive oil crisis exemplifies the economic impacts of climate risks. Accelerating clean energy and storage deployment is essential for resilience, stability, and affordability. Transitioning to renewables is a crucial step for sustainability and energy security.
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COP 28’s Call to Action: The Grid’s Role in a World Without Fossil Fuels
At the COP 28 conference, the importance of electricity grids in transitioning from fossil fuels was discussed. Global CEO of Siemens Grid Software, Sabine Erlinghagen, emphasized that the global electric demand is predicted to triple by 2050, necessitating a doubling of grid capacity. This, she said, along with integrating renewables and digital solutions, such as…