Faster, higher, stronger – together is the motto of the Olympics, but it can also apply to the changes happening in the electricity transmission and distribution industry.
As decarbonization of energy takes on a heightened importance globally, it will take a unified approach to reach net zero by 2050. To do so will mean eliminating fossil fuel combustion and transforming power grids to accommodate intermittent renewable energy.
Rejuvenation of the grid that a decarbonized and electrified world needs differs significantly from the ones built post World War II and on which we still rely today. Modernization and newer storage technologies are crucial in decarbonizing electricity. But equally important are the connections of supply from one electric network to another to ensure energy reliability and stability and transition the world to renewables.
Thus, according to a report published by the International Energy Agency, the world must add or replace about 80 million km of grids by 2040, equal to all grids globally today, in order for countries to meet their climate goals and to achieve energy security priorities. Considering only offshore wind in Europe, 48 000 to 54 000 km of HV cable route length shall be added by 2050 to meet the offshore wind targets of the European countries, according to a ENTSO-E’s TYNDP report published in January 2024.
For decades, experts have discussed interconnections. However, two crucial factors are now driving their escalating importance: the increasing availability of renewables and the vulnerability of today’s network to climate change.
