Related Articles
Forward article link
Share PDF with colleagues

Electricity production is on a sustained charge

Renewable cost reductions and increasing storage availability will fuel exponential electricity growth

Electricity will more than double its share in global final energy demand by 2050, rising from 19pc today to 40pc in mid-century, according to our estimate of the most likely outcome of the ongoing energy transition. The forecast is based on our Energy Transition Outlook model that captures data and insights of hundreds of colleagues working on oil, gas, wind and solar power worldwide. Using electricity rather than fossil fuels is more energy efficient in many applications, such as vehicle propulsion. Consequently, using more electricity typically reduces final energy demand. Moving from thermal to wind, solar and hydropower also improves the energy system efficiency, as thermal power plant

Comments

Comments

{{ error }}
{{ comment.comment.Name }} • {{ comment.timeAgo }}
{{ comment.comment.Text }}
Also in this section
Maine makes state fossil-fuel divestments a point of law
25 June 2021
Other US states expected to follow Maine’s lead, especially heavily Democratic ones on east and west coast
Brazil solar PPA demand rises ahead of grid rule change
24 June 2021
Lisarb Energy sees spike in interest from corporate offtakers to lock in contracts before rise in grid costs for solar projects
CCS needs clusters to reach scale – Wood Mac
24 June 2021
Focus must switch away from individual parts of the value chain towards large projects to accelerate progress
Sign Up For Our Newsletter
Project Data
Maps
PE Store
Social Links
Social Feeds
Featured Video