2024-06-14
http://w3.windfair.us/wind-energy/news/44348-iea-report-digitalisation-clean-energy-transition-developing-market-investment-lag-3den-initiatove-costs-delay-target-grid

Investment in power grid digitalisation lagging

Image: PixabayImage: Pixabay
Expanded electrification and greater reliance on variable solar and wind power, as well as electricity storage, requires more sophisticated approaches to match demand and generation, especially during peaks.

Official Press Release IEA:

Power system digitalisation is crucial for clean energy transitions and security in developing markets, but investment is lagging

Wind Industry Profile of
Power system digitalisation is crucial for clean energy transitions and security in developing markets, but investment is lagging

Report by the IEA 3DEN initiative details the high cost of delaying investments and lays out targeted actions to stimulate grid digitalisation

Digital technologies can greatly improve the functioning of power grids to help successfully integrate clean energy sources, but a lack of investment in these networks could slow down the energy transition and increase costs, particularly in emerging and developing economies. According to a new report by the International Energy Agency, digital technologies could save USD 1.8 trillion of grid investment globally through to 2050 by extending the lifetime of grids, while also helping to integrate renewables and minimise supply interruptions. However, failing to upgrade and digtialise network infrastructure properly... ... More: Official Press Release IEA

Keywords:
IEA, report, digitalisation, clean, energy transition, developing market, investment, lag, 3DEN, initiatove, costs, delay, target, grid







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