Redefining Energy 176. Renewables are dominating the Electrification of an Energy-hungry world (with Ember) - Apr 25
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Apr 14, 2025 
Nicolas Fulghum, an analyst at Ember and co-author of their Global Electricity Review, discusses the explosive growth of electricity demand in 2024. He reveals that electricity consumption is rapidly rising, doubling the last decade's growth, primarily fueled by renewables. Solar energy takes center stage as a major driver, with generation expected to double in just three years. Fulghum highlights how the electrification of transportation and the demands of AI-driven data centers are reshaping the energy landscape, setting the stage for a clean energy future.
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Electricity Demand Growth
- Global electricity demand grew rapidly in 2024, about 4%, driven by electrification and weather.
- This growth is significantly higher than the 10-year average of 2.5%.
Regional Demand Growth
- Demand growth varied geographically, with China experiencing continued fast growth, partially due to heatwaves.
- The US saw increased demand, while the EU had a slight rebound, but remains below previous levels.
Renewable Growth
- Solar energy doubled its generation in three years and continues to be the fastest-growing electricity source.
- Wind and hydro also reached record highs, with hydro rebounding due to improved weather conditions.