Posted by:
Investment in power grid digitalisation lagging
Official Press Release IEA:
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
