WHITE PAPER
The Evolution of the Electrical Ecosystem on the Path to Net Zero An exploration into the challenges and opportunities in the new energy landscape
Introduction The world’s electrical ecosystem is undergoing a dramatic transformation, driven by steep rising demand coupled with a need to reduce greenhouse gas emissions and achieve net zero carbon by 2050, in line with the Paris Climate Agreement of 2015. This transformation is being fuelled by a number of factors, including the growing deployment of renewable energy sources, the development of new technologies and the emergence of distributed energy resources (DERs). This white paper will explore the evolution of the world’s electrical ecosystem toward a net zero carbon future. It will consider the following key topics: n Prime Mover’s Landscape n The Challenges around Infrastructure n Alternative Technologies and their Adoption n The End Solutions n Conclusions
The Electrical Ecosystem The electrical ecosystem is a complex web of intercon- nected components that generate, transmit, distribute, and consume electricity. It includes power generators, transmission and distribution companies, retailers, con- sumers, and regulators. In recent years, the electrical ecosystem has undergone a significant change. The rise of renewable energy and battery storage is challenging the traditional centralised power grid model and backup power markets served by AC (alternating current) system. The electricity generation market was valued at approximately 1.6 trillion U.S. dollars in 2023. The market is forecast to grow at a compound annual growth (CAGR) rate of 4.8 percent between 2024 to 2031 and surpass 2.16 trillion U.S. dollars by 2030. [1] The efficiency of system and deployment of true carbon- free technologies is key to decarbonising the global energy market.
26 | Winter 2025 POWERLINE
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