Growing demand for power is placing the world’s energy infrastructure under strain. But at the same time, technological innovations that enable clean power generation and widespread electrification are helping to lift the burden, which is only expected to increase as the world shifts toward renewable sources of energy. And as the grid becomes more complex in a bid to reduce emissions and mitigate climate change, climatic impacts expose the power system to extreme weather conditions from hurricanes to heat waves, snowstorms and wildfires. When it comes to the future energy system, flexibility, resilience and sustainability are interdependent aims crucial to achieving net-zero ambitions.
Power from renewables is often intermittent, and needs smarter and more flexible grids to accommodate it. Distributed generation among customers that both consume and produce electricity, equipped with smart devices that facilitate data-driven balancing of demand and supply, will go some way to alleviating the instability of renewable power. As innovations like this make the grid more complex in a bid to reduce emissions, the energy system will also need to become more flexible and resilient to withstand new forces of change.
The evolution of energy systems is a dynamic process that extends beyond just utilities and energy producers. Ensuring the reliability of energy services while transitioning to a cleaner and more resilient future will involve new stakeholders in the energy space, from consumers and local co-operatives to technological innovators and guardians of cybersecurity. Investors also have a major stake in a well-managed energy transition. Availability of capital for new and alternative energy assets will depend on the resilience and performance of the underlying network. The momentum behind renewable energy provides an opportunity for the industry to prioritise resilience in the transition to net zero.
Join Hitachi Energy for Urgent call: Flexibility and resilience for a carbon-neutral energy system, a virtual event exploring the players and factors that will determine the next steps in the energy transition.
Key questions addressed will include:
- What does the rapid growth in renewable energy mean for the whole energy system?
- How can the energy industry balance growing demand for power with the measures needed to make supply more resilient? Why is flexibility key to managing the changing energy mix?
- How does digitalisation enable flexibility and resilience in the energy system, and what new risks might it pose?
- How will new business models adapt to the future energy system, and who will pay for the transition?
Time: 3PM GMT | 4PM CET | 10AM EST