Grid equipment and energy storage investment

Why is energy storage important?

Energy storage is rapidly emerging as a vital component of the global energy landscape, driven by the increasing integration of renewable energy sources and the need for grid stability. As the world transitions towards cleaner energy systems, innovative storage solutions are gaining prominence, enabling more efficient use of renewable resources.

What is the power grid of the future?

Much like the shift from analogue telephony to the internet, the power grid of the future will be dynamic, digital and decentralized. Grid flexibility – the ability to adapt to fluctuating demands and supply in real time – is at the heart of this evolution, enabling the economic and societal benefits of electrification and renewable energy.

Why should we invest in grid infrastructures?

Investing in grid infrastructures also brings significant and extensive socioeconomic benefits that are complex to quantify. Upgraded grids can electrify remote communities, empower rural economies, and support distributed access for emerging industries and users, such as electric transportation, green hydrogen production and data centres.

Why should we invest in grid flexibility?

The future is dynamic, digital and decentralized. Investing in grid flexibility today ensures that future generations will reap the economic and environmental benefits of a cleaner, more resilient energy system. Can climate action survive geopolitical upheaval?

What is a flexible grid & how does it work?

Flexible grids also address energy inequities by enabling decentralized energy systems. In emerging markets, microgrids and distributed storage bring reliable electricity to underserved communities, driving GDP growth and improving quality of life.

Why do we need a modern energy grid?

Modernized grids ensure that energy supply keeps pace with demand, leveraging distributed energy resources like rooftop solar and community batteries. These systems reduce reliance on fossil fuels during peak periods, lower energy costs and improve reliability.