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Posted On: 11/12/2024 4:32:09 PM
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Efficient, Resilient Grids Can Help Countries Make Energy Transition
The global transition to green energy will benefit from healthy, efficient, and resilient electricity grids. Both mini-grids and long-distance centralized grids will be required to ensure everyone has access to sustainable energy as renewables like solar and wind replace fossil fuels in the world’s energy mix.
While generating enough green energy to power the world’s ever-increasing energy needs will be a substantial achievement, it is one half of the equation. Once this capacity is generated, utilities have to deliver it to customers, often tens or even hundreds of miles from the power plants, at relatively low costs and without overwhelming electricity grids.
As such, modernizing the world’s grids will be critical to meeting green energy goals over the next several decades and ensuring the green transition is fair and equitable. The Global Energy Storage and Grids Pledge can guide national leaders as they strive to build efficient and resilient electricity grids.
As they currently are, most of the electricity grids across the world cannot support the surge in power demand that will follow electrification or handle the terawatts of clean energy that are already waiting to go online. Outdated distribution and transmission networks have formed a bottleneck that has significantly slowed the pace of onboarding clean energy and left terawatts’ worth of green energy projects waiting for grid connection, often for years.
This bottleneck will hold back more and more green energy over the decade if the grid isn’t modernized, making it nigh impossible to triple the world’s green energy capacity as per COP28 targets, setting back the pace of the green transition. The COP28 goal will see the global green energy capacity increase by an average of over 1,000 GW of renewable capacity annually from 3,870 GW in 2023 to 11,000 GW by 2030.
Since green energy projects tend to be located in remote locations, developing and deploying grid infrastructure and modernizing existing infrastructure rapidly and at low cost will be key to meeting green energy targets. Mini-grids could help connect renewable energy to remote human settlements where making regular grid connections would be too costly.
In addition to granting remote regions access to green energy, mini-grids can boost the grid’s resilience to disaster by acting as separate backups that can be hooked to the grid to aid in recovery. Reducing costs for batteries, PV modules, smart meters, and inverters have also lowered the costs involved in modernizing the grid.
As governments seek out collaborations with private sector players like Energy and Water Development Corp. (OTCQB; EAWD), the task of taking clean energy to all communities could get easier as these firms come up with innovative solutions to the existing bottlenecks.
NOTE TO INVESTORS: The latest news and updates relating to Energy and Water Development Corp. (OTCQB: EAWD) are available in the company’s newsroom at https://ibn.fm/EAWD
Please see full terms of use and disclaimers on the GreenEnergyStocks website applicable to all content provided by GES, wherever published or re-published: https://www.greennrgstocks.com/Disclaimer
The global transition to green energy will benefit from healthy, efficient, and resilient electricity grids. Both mini-grids and long-distance centralized grids will be required to ensure everyone has access to sustainable energy as renewables like solar and wind replace fossil fuels in the world’s energy mix.
While generating enough green energy to power the world’s ever-increasing energy needs will be a substantial achievement, it is one half of the equation. Once this capacity is generated, utilities have to deliver it to customers, often tens or even hundreds of miles from the power plants, at relatively low costs and without overwhelming electricity grids.
As such, modernizing the world’s grids will be critical to meeting green energy goals over the next several decades and ensuring the green transition is fair and equitable. The Global Energy Storage and Grids Pledge can guide national leaders as they strive to build efficient and resilient electricity grids.
As they currently are, most of the electricity grids across the world cannot support the surge in power demand that will follow electrification or handle the terawatts of clean energy that are already waiting to go online. Outdated distribution and transmission networks have formed a bottleneck that has significantly slowed the pace of onboarding clean energy and left terawatts’ worth of green energy projects waiting for grid connection, often for years.
This bottleneck will hold back more and more green energy over the decade if the grid isn’t modernized, making it nigh impossible to triple the world’s green energy capacity as per COP28 targets, setting back the pace of the green transition. The COP28 goal will see the global green energy capacity increase by an average of over 1,000 GW of renewable capacity annually from 3,870 GW in 2023 to 11,000 GW by 2030.
Since green energy projects tend to be located in remote locations, developing and deploying grid infrastructure and modernizing existing infrastructure rapidly and at low cost will be key to meeting green energy targets. Mini-grids could help connect renewable energy to remote human settlements where making regular grid connections would be too costly.
In addition to granting remote regions access to green energy, mini-grids can boost the grid’s resilience to disaster by acting as separate backups that can be hooked to the grid to aid in recovery. Reducing costs for batteries, PV modules, smart meters, and inverters have also lowered the costs involved in modernizing the grid.
As governments seek out collaborations with private sector players like Energy and Water Development Corp. (OTCQB; EAWD), the task of taking clean energy to all communities could get easier as these firms come up with innovative solutions to the existing bottlenecks.
NOTE TO INVESTORS: The latest news and updates relating to Energy and Water Development Corp. (OTCQB: EAWD) are available in the company’s newsroom at https://ibn.fm/EAWD
Please see full terms of use and disclaimers on the GreenEnergyStocks website applicable to all content provided by GES, wherever published or re-published: https://www.greennrgstocks.com/Disclaimer
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