article thumbnail

The world’s power grids, 50 million miles’ worth, need a major overhaul

The Verge: Energy

Photo by Costfoto / NurPhoto via Getty Images Governments and utilities need to add or replace the equivalent of virtually all the world’s power grids by 2040 to reliably keep the lights on while cleaning up pollution from the power sector. But power grids aren’t keeping up, and it puts that 1.5-degree

article thumbnail

WoodMac: Wind, Solar and Storage to Dominate Europe’s Power Grid by 2030

GreenTechMedia

France, Italy and Spain — will get the majority of their power from wind, solar and other variable renewable energy sources as early as 2023, WoodMac says. By 2040, Europe is expected to add another 169 gigawatts of wind and 172 gigawatts of solar. Germany will be the last major market to push coal off its grid.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Copper industry trade association pledges to reach net zero by 2050

Envirotec Magazine

Regarding Scope 3 emissions, members will work with value chain partners to reduce emissions 10 percent by 2030, 30-40 percent by 2040, and 60-70 percent by 2050, said a statement. ICA estimates that certain industry needs and policy goals must also be met in order to hit the roadmap’s goals. This constitutes around 0.2

Demand 260
article thumbnail

Data centre virtualisation and cloud computing can play a pivotal role in power sector emissions reductions, says report

Envirotec Magazine

A new report from power market analytics firm Aurora Energy Research suggests that increased deployment of (and continued improvements in) virtualisation technology could reduce potential future European computing emissions 55% by 2040. Additionally, the EC identified the need to reduce the digital sector’s carbon emissions.

article thumbnail

Forget King Coal. Solar Is ‘New King’ of Global Power Markets, Says IEA

GreenTechMedia

There is currently twice as much installed hydro as there is solar, but PV could grow three times faster from now till 2040. Cheap finance and maturing technology mean solar will be cheaper than both new coal or gas power plants from now onward. Power grids remain the weak link. Grid operators in China, the U.S.

article thumbnail

Smart Energy Finances: Navigating the 2024 energy landscape

Smart Energy International

Think AI-boosted investment platforms, moves to ease up grid connection queues and top tech players to watch. Power grid forecasting One of the key recurring themes that has gained solid recognition over the last year has been the unarguable position of the power grid as an investment priority to reach global net-zero targets.

Energy 96
article thumbnail

Reaching COP28 energy goals requires real VPP progress in 2024

Smart Energy International

Power grids globally must be upgraded by 2040 to keep the lights on. And while these upgrades will likely cost trillions, virtual power plants (VPPs), writes Autogrid’s Gisela Glandt , can curb these costs to the tune of $10B annually.