Outdated Grids are Hampering the Energy Transition

Outdated electrical grids are preventing dozens of countries across the globe from transitioning from fossil fuels to renewables at a reasonable pace. Several things have to work for the energy transition to occur: there has to be enough green energy capacity to meet energy demand, enough battery capacity to store energy when production peaks but demand is low, and a modernized electric grid that can handle a massive influx of green energy.

While meaningful steps have been taken to generate clean energy and develop battery storage infrastructure, most grids still aren’t sufficiently modernized to support the renewable energy transition.

In fact, more than 2,500 gigawatts of clean energy capacity are awaiting grid connection worldwide, forcing the U.S. and several other countries to continue relying on fossil-fired energy despite producing substantial amounts of green energy. With older electrical grids unable to take up all the new green capacity generated each year, most countries will not be able to fully switch to renewable energy unless they make significant investments in grid modernization.

Investments in grid modernization have become even more critical now that two back-to-back global energy crises have shown the folly of relying on imported energy. A nation that produces energy domestically while having enough battery capacity to store it, and has a modern grid that can handle all the new energy can weather future energy crises much more effectively.

According to the UN Secretary-General’s special advisor on climate action Selwin Hart, grid investments need to be scaled up at a massive rate if the world is to meet its energy, development, and climate goals. The statement comes just as the UN launches an initiative designed to boost investment funding to facilitate grid upgrades in Southeast Asia and Africa.

Grid modernization was one of the main agenda items during the recent UN Climate talks in Antalya, Turkey, with organizers stating that modern, reliable grids will be the foundation of a global clean energy system.

Hart notes that while the UN is confident that the rate of renewable energy production will speed up, the world needs just as much storage, infrastructure, and modernized grids to keep pace with the rate of green energy generation.

The International Energy Agency notes that although annual energy generation investments have jumped by nearly 70% over the past decade, spending on grid modernization has climbed by less than 35% over the same period. To avoid a major increase in global greenhouse gas emissions, the IEA says the global economy will have to increase annual grid investment by approximately 50% by 2030.

As mechanisms are put in place to modernize electrical grids, companies like Frontieras North America Inc. are coming up with innovative ways to use coal without emitting large volumes of greenhouse gases.

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