New Power Systems report

In this unique report in our Energy Transition Outlook series, we explore the consequences of a rapidly changing power system. We forecast the development and energy mix of power generation through to 2050, the impact for grids, and what it means in terms of future investments, household expenditure, risk and opportunities related to digitalization and AI, the need for new market models, and much more.

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Here are a few findings: 

  • Global grid infrastructure is set to double to meet surging electricity demand 
  • Wind and solar will supply almost 70% of the world’s electricity by 2050
  • Household energy expenditures will decline to 75% of 2021 levels in Europe and 50% in North America
  • A new approach is required to deal with a more complex, interconnected power system