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New technologies to transform electricity industry: WEF

New technologies to transform electricity industry: WEF


The World Economic Forum (WEF) has said that the adoption of “grid-edge” technologies in OECD countries could create more than $2.4tn of value for society and the industry over the next 10 years. The Future of Electricity report, issued on Friday 10 March, said that three trends––electrification, decentralisation, and digitisation––were converging to produce “game-changing disruptions”, encompassing technologies such as distributed storage, smart meters and electric vehicles. It said that the additional value would come from new jobs and the reduction of carbon emissions derived from “increasing the efficiency of the overall system, optimising capital allocation and creating new services for customers”.

WEF