Panel Discussion: How do they do it? 4 Ways to Fastrack the Energy Transition
Europe has decided to make its energy system more efficient and ready for increasing share of renewable energy sources. For this, we need more innovative digital solutions and a grid that is much smarter and more interactive than it is today. By 2050, electricity will make up 60% of final energy use compared to 23% today, renewable capacity will have increased six-fold from 2020 with 70% of renewable generation and storage connecting at distribution level. Connection requests are increasing faster than grid modernisation and will continue to grow as electrification of end-use sectors progresses. These developments put a strain on the grid. This requires annual investments into new and modernised infrastructure, as well as digitalisation of €67 billion from 2025 to 2050. Greater use of innovative, grid-enhancing and digital technologies can help to add capacity at a faster pace.
Recent studies highlight the contribution and the value of innovative digital solutions for the energy transition. They clearly show that digital solutions are a key element in the affordable, efficient energy transition. Nevertheless, the uptake of innovative digital solutions remains moderate. Why is this the case? Do we need more regulation, different regulation, or does an acceleration of the energy transition require additional measures?
In this session you will hear inspiring real-life examples from across Europe how the acceleration of the energy transition takes place. You will walk away from this session with 3 surprising success factors, which can be applied along Europe’s power system.
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