The Future of Electricity: New Technologies Transforming the Grid Edge
This report examines the transformation of the electricity system through grid edge technologies like electrification, decentralization, and digitalization, and provides recommendations to accelerate their deployment for economic and societal benefits.
| Quick Facts | |
|---|---|
| Report location: | source |
| Language: | English |
| Publisher: | World Economic Forum |
| Authors: | Cheryl Martin, Francesco Starace, Jean Pascal Tricoire |
| Time horizon: | 2036 - 2040 |
| Geographic focus: | Global, United States, United Kingdom, South Korea, Colombia |
| Page count: | 32 |
Methods
The research method involved gathering and analyzing examples and best practices of grid edge innovations across mature electricity markets, interviewing experts and leaders, and conducting workshops in the United States, the United Kingdom, South Korea, and Colombia.
Key Insights
The report explores the ongoing transformation of the electricity system, driven by the convergence of electrification, decentralization, and digitalization. These trends are creating a more complex, yet more efficient and customer-centric system. The report provides a framework for action, focusing on regulatory reform, infrastructure deployment, customer engagement, and new business models to facilitate the integration of grid edge technologies and maximize their benefits.
Drivers mentioned include:
- Electrification
- Decentralization
- Digitalization
Additional Viewpoints
Categories: 2030s time horizon | 2036 time horizon | 2040 time horizon | 2040s time horizon | English publication language | electricity | energy | global geographic scope