We estimate that more than USD 1.5 trillion of annual investment is needed for the expansion and reinforcement of power grids by 2030, including ultra-high-voltage transmission networks and extensive demand-response solutions to balance variable wind and solar power.
Efficient and reliable power grid extensions and strengthening of grids are the key enabler for the energy transition. The unprecedented growth of renewables needs to be connected to the power grid whilst electrical demand increases due to electrification. A combination of new technologies, digitization, smart operations, resilience, as well as better practices to accelerate grid extensions are needed to enable the energy transition.
DNV GL energy experts will present insights and typical examples on how this major challenge can be addressed. The Powering Tomorrow series will feature 5 webinars. Join the discussions and let’s talk.
Starting on November 4, 2020.