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Power Grids: The Backbone of the Race to Net Zero
Aug 16, 2023
Dana speaks to experts about the importance of the transmission grid in the net-zero transition, successful grid upgrades, materials needed for grid preparation. They also discuss challenges in power grids, streamlining environmental permits, Germany as a positive case study, and the impact of the US Inflation Reduction Act on the clean energy industry.
38:19
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Quick takeaways
- The global electricity grid needs to double in size and become smarter and more flexible to accommodate the increasing demand for renewable power and meet net-zero targets.
- Successful grid development requires innovative and proactive solutions, such as Spain's implementation of competitive tenders and Germany's connect-and-manage approach, to reduce waiting times and ensure the economic viability of renewable projects.
Deep dives
The Need for Grid Expansion
The current electricity grid is ill-equipped to handle the increasing demand for renewable power. To accommodate the electrification of various sectors and meet net-zero targets, the global electricity grid needs to double in size by 2050 and become smarter and more flexible.
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