PwC New Zealand’s Post

Global energy investment above $3T for the first time… with $2T going to clean energy technologies and infrastructure. If the current spending trend continues, it would cover approximately 2/3 of the total investment needed to triple renewable capacity by 2030. But an extra $500B / year is required in the IEA’s Net Zero Emissions by 2050 Scenario to fill the gap completely (including spending for grids and battery storage). This means doubling of current annual spending on renewable power generation, grids, and storage in 2030, in order to triple renewable capacity. #netzero #ESG #greenfinance #sustainablefinance #decarbonization #infrastructure

💡 Did You Know? Battery Energy Storage Systems (BESS) are crucial in ensuring grid stability, particularly during peak demand or when additional support is needed. More than just energy storage, BESS optimizes energy flow, supports efficient load management, and enhances grid reliability. As we transition towards cleaner energy solutions, BESS stands at the forefront of this evolution, seamlessly integrating renewable energy sources while balancing conventional power. By reducing reliance on fossil fuels, BESS drives us closer to a greener and more sustainable future. #AlfanarProjects #ForTheWorld #WithTheWorld

Building an electricity grid for the future is crucial for achieving net-zero targets. As renewable energy scales up, we face challenges to expand and adapt our infrastructure. What are the shifts needed to transform our grid systems? https://lnkd.in/e8YWK_N7 #NetZero #EnergyDialogue #ElectricityGrid

As the world races towards a future powered by renewable energy, the need for a comprehensive upgrade to our global electrical grid is more urgent than ever. This shift is not just about adopting new technologies but fundamentally transforming the backbone of our energy infrastructure. The stakes are high, but the rewards – a fully decarbonized energy system and a sustainable future – are worth the monumental effort required... https://lnkd.in/dxsSYUbj

Building an electricity grid for the future is crucial for achieving net-zero targets. As renewable energy scales up, we face challenges to expand and adapt our infrastructure. What are the shifts needed to transform our grid systems? https://lnkd.in/e8YWK_N7 #NetZero #EnergyDialogue #ElectricityGrid

The global energy landscape is undergoing rapid transformation. Our new infographic, "Grids of the Future," explores the challenges and opportunities presented by this shift. As the demand for renewable energy and electrification grows, so too does the need for innovative grid infrastructure. Discover how we're leading the charge toward a sustainable energy future and how our impact on Energy Transition starts with Hero Innovators. http://spr.ly/6040cSA8p #GridsOfTheFuture #ImpactStartsWithUs

Building an electricity grid for the future is crucial for achieving net-zero targets. As renewable energy scales up, we face challenges to expand and adapt our infrastructure. What are the shifts needed to transform our grid systems? https://lnkd.in/e8YWK_N7 #NetZero #EnergyDialogue #ElectricityGrid

Building an electricity grid for the future is crucial for achieving net-zero targets. As renewable energy scales up, we face challenges to expand and adapt our infrastructure. What are the shifts needed to transform our grid systems? https://lnkd.in/e8YWK_N7 #NetZero #EnergyDialogue #ElectricityGrid

#LDES technologies are an essential component of the clean energy transition, and an energy storage target announcement at the upcoming #COP29 is essential to incentivise a sustainable #energy future. Read on to understand four key reasons why a 1,500 GW #storage target is key to accelerating the deployment of LDES technologies. Learn more about the energy storage target in the Global Renewables Alliance (GRA) paper, "Global Decarbonisation Requires an Energy Storage Target:" https://lnkd.in/eaUCtyny #LDESenablers are essential to deploy #1500GWby2030.

The global energy landscape is undergoing rapid transformation. Our new infographic, "Grids of the Future," explores the challenges and opportunities presented by this shift. As the demand for renewable energy and electrification grows, so too does the need for innovative grid infrastructure. Discover how we're leading the charge toward a sustainable energy future and how our impact on Energy Transition starts with Hero Innovators. http://spr.ly/6041l5c6z #GridsOfTheFuture #ImpactStartsWithUs