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Energy Unplugged by Aurora
EP.229 Javier Cavada, President & CEO for EMEA, Mitsubishi Power
Feb 4, 2025
Javier Cavada, President & CEO for EMEA at Mitsubishi Power, shares insights from over 20 years in the energy sector. He discusses how the growth of renewable energy is transforming power systems and the vital role of flexibility in meeting rising demand. Cavada highlights hydrogen's evolving perception in decarbonization, its investment potential, and challenges in integrating it with renewables. The conversation also dives into emerging markets and technological innovations shaping the future energy landscape.
39:07
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Quick takeaways
- Electrification, projected to double global power consumption by 2050, is essential for achieving ambitious decarbonization goals.
- Hydrogen is transitioning to targeted applications in hard-to-abate sectors, with Germany and Great Britain leading in its market development.
Deep dives
Electrification and Power Demand Growth
Electrification is identified as a critical component in decarbonization efforts, projecting a doubling of global power consumption, reaching around 50,000 terawatt hours by 2050. Europe alone may see its power demand increase by at least 60% due to emerging factors such as the electrification of transport and the rapid proliferation of data centers. As these consumption trends accelerate, the imperative for a substantial supply of clean energy becomes paramount, especially since ambitious decarbonization plans rely heavily on renewables. The robust growth of wind and solar energy deployment is essential, as they form the backbone of a clean electricity system that can support this escalating demand.
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