Global electricity demand is set to double by 2050 as the world’s reliance on fossil fuels diminishes, according to DNV, the independent energy expert and assurance provider. Released today, DNV’s New Power Systems report finds that the pathway to a decarbonized energy system requires significant grid expansion, solutions for grid congestion, and new business models to accommodate rising electricity demand and generation from wind and solar. The report also concludes that grid expansion is affordable, thanks to growing efficiencies in grid technology and the increased electricity load, with DNV expecting global grid charges passed to consu
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