Redefining Energy 170. Why is the electricity Supercycle unstoppable? Gerard in Davos
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Feb 24, 2025 Andreas Schierenbeck, CEO of Hitachi Energy, shares insights from the World Economic Forum in Davos. He discusses the unstoppable electricity supercycle, driven by electrification and digital demand. The conversation highlights how AI and renewables are revolutionizing energy solutions and the critical role of electricity in transitioning from fossil fuels. Schierenbeck emphasizes Hitachi’s commitment to sustainability and the challenges of managing grid demands, particularly in Norway, while advocating for cooperation to enhance energy security.
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Davos Experience
- Gerard Reid describes Davos as a heavily secured Swiss alpine ski resort, hosting top political and business leaders.
- He met various influential figures, including the Argentinian president and Moderna CEO Stéphane Bancel.
Electricity Supercycle
- Gerard Reid explains the concept of an electricity supercycle, driven by increasing electrification and digitalization.
- He emphasizes the crucial role of electricity in the digital age and the rapid growth of technologies like solar and energy storage.
Holistic Solutions for Carbon Neutrality
- Toshiaki Higashihara highlights Hitachi's focus on social innovation, leveraging digital technology for infrastructure like power grids.
- He emphasizes the importance of holistic solutions for carbon neutrality, addressing both supply and demand.