X
  • Renewable Power
  • Nuclear Power
  • Thermal Power
Power Gen Advancement
  • Home
  • News
    CHSN01 is a breakthrough

    The New Metal from China – The CHSN01 is a Breakthrough

    US Companies Advance Renewables

    US Companies Advance Renewables Inspite of Policy Setbacks

    Fusion Energy Projects in the UK

    Fusion Energy Projects in the UK Get Government Support

    26 MW offshore wind turbine

    China Installs Most Powerful 26 MW Offshore Wind Turbine

    Cross Border Renewable Energy Projects

    5 New Cross-Border Renewable Energy Projects Approved by EC

    UK Solar Capacity

    UK Solar Capacity Sets New Generation Record with Rollouts

    NextGen Triboelectric Nanogenerators TENGs

    China Develops Next-Gen Triboelectric Nanogenerators – TENGs

    breakthrough in artificial photosynthesis

    Breakthrough in Artificial Photosynthesis for Clean Energy

    UK Project to Offer 1 GW Lithium Ion BESS

    The First UK Project to Offer 1 GW Lithium-ion BESS

  • Market Moves
    EIA Data Reveal Renewables

    EIA Data Reveal Renewables Provided Almost a Third of U.S. Electrical Generation and Nearly Matched Natural Gas in March as Solar Outproduced Hydropower and Solar+Wind Were Greater than Either Coal or Nuclear

    Thermal Energy Storage Market

    Thermal Energy Storage Market Growth Driven by Clean Energy

    Offshore Wind Turbine Market

    Offshore Wind Turbine Market to Hit $39.2 Billion by 2031

    Gen AI Drone

    Gen AI & Drone Assets Transforming Energy & Utilities Sector

    Electricity Grid in UK

    How Electricity Grid in the UK is Witnessing Transformation

    UK Battery Storage

    The Evolving UK Battery Energy Storage Systems Market

    Hydrogen Fueling Station Market to Reach $2.88B by 2030

    Hydrogen Industry to Grow 10.4% CAGR, Hit $47.83B by 2034

    Hydrogen Fuel Cells Market to Reach $5.9 Billion by 2031

  • Press Statements
    Asian Agri PLN Signs Agreement

    Asian Agri, PLN Signs Agreement to Supply Renewable Energy in North Sumatra

    Delivery of Natural Gas Turbines

    Georgia Power Receives Delivery of Natural Gas Turbines

    Banpu Supercharges Clean Energy Portfolio

    Banpu Supercharges Clean Energy Portfolio with 350 MW Battery Project in Australia to Advance Decarbonization Goal

    EIA Data Reveal Renewables

    EIA Data Reveal Renewables Provided Almost a Third of U.S. Electrical Generation and Nearly Matched Natural Gas in March as Solar Outproduced Hydropower and Solar+Wind Were Greater than Either Coal or Nuclear

    Energy Evolution Conference 2026

    Energy Evolution Conference 2026: Shaping the Future of Renewable Energy in Dubai

    Eaton-announces-breakthrough

    Eaton announces breakthrough, AI-powered innovation to help utilities strengthen wildfire prevention efforts

    First-Digital-Twin

    ETAP and Schneider Electric Unveil Worlds First Digital Twin to Simulate AI Factory Power Requirements from Grid to Chip Level Using NVIDIA Omniverse

    E-world 2025 has started with record participation

    Houston to host key hydrogen summit as industry faces new political landscape

  • White Papers
  • Projects
  • Events & Conferences
  • Contact Us
No Result
View All Result
  • Home
  • News
    CHSN01 is a breakthrough

    The New Metal from China – The CHSN01 is a Breakthrough

    US Companies Advance Renewables

    US Companies Advance Renewables Inspite of Policy Setbacks

    Fusion Energy Projects in the UK

    Fusion Energy Projects in the UK Get Government Support

    26 MW offshore wind turbine

    China Installs Most Powerful 26 MW Offshore Wind Turbine

    Cross Border Renewable Energy Projects

    5 New Cross-Border Renewable Energy Projects Approved by EC

    UK Solar Capacity

    UK Solar Capacity Sets New Generation Record with Rollouts

    NextGen Triboelectric Nanogenerators TENGs

    China Develops Next-Gen Triboelectric Nanogenerators – TENGs

    breakthrough in artificial photosynthesis

    Breakthrough in Artificial Photosynthesis for Clean Energy

    UK Project to Offer 1 GW Lithium Ion BESS

    The First UK Project to Offer 1 GW Lithium-ion BESS

  • Market Moves
    EIA Data Reveal Renewables

    EIA Data Reveal Renewables Provided Almost a Third of U.S. Electrical Generation and Nearly Matched Natural Gas in March as Solar Outproduced Hydropower and Solar+Wind Were Greater than Either Coal or Nuclear

    Thermal Energy Storage Market

    Thermal Energy Storage Market Growth Driven by Clean Energy

    Offshore Wind Turbine Market

    Offshore Wind Turbine Market to Hit $39.2 Billion by 2031

    Gen AI Drone

    Gen AI & Drone Assets Transforming Energy & Utilities Sector

    Electricity Grid in UK

    How Electricity Grid in the UK is Witnessing Transformation

    UK Battery Storage

    The Evolving UK Battery Energy Storage Systems Market

    Hydrogen Fueling Station Market to Reach $2.88B by 2030

    Hydrogen Industry to Grow 10.4% CAGR, Hit $47.83B by 2034

    Hydrogen Fuel Cells Market to Reach $5.9 Billion by 2031

  • Press Statements
    Asian Agri PLN Signs Agreement

    Asian Agri, PLN Signs Agreement to Supply Renewable Energy in North Sumatra

    Delivery of Natural Gas Turbines

    Georgia Power Receives Delivery of Natural Gas Turbines

    Banpu Supercharges Clean Energy Portfolio

    Banpu Supercharges Clean Energy Portfolio with 350 MW Battery Project in Australia to Advance Decarbonization Goal

    EIA Data Reveal Renewables

    EIA Data Reveal Renewables Provided Almost a Third of U.S. Electrical Generation and Nearly Matched Natural Gas in March as Solar Outproduced Hydropower and Solar+Wind Were Greater than Either Coal or Nuclear

    Energy Evolution Conference 2026

    Energy Evolution Conference 2026: Shaping the Future of Renewable Energy in Dubai

    Eaton-announces-breakthrough

    Eaton announces breakthrough, AI-powered innovation to help utilities strengthen wildfire prevention efforts

    First-Digital-Twin

    ETAP and Schneider Electric Unveil Worlds First Digital Twin to Simulate AI Factory Power Requirements from Grid to Chip Level Using NVIDIA Omniverse

    E-world 2025 has started with record participation

    Houston to host key hydrogen summit as industry faces new political landscape

  • White Papers
  • Projects
  • Events & Conferences
  • Contact Us
No Result
View All Result
Power Gen Advancement
No Result
View All Result
Home News

Global transformation of the electricity sector requires greater efforts to ensure security of supply

in News, Renewable Power
New England set for $12.9b renewables investment

Note* - All images used are for editorial and illustrative purposes only and may not originate from the original news provider or associated company.

The electricity sector, which plays a large and growing role in energy systems around the world, is undergoing its most dramatic transformation since its creation more than a century ago. The importance of electricity is only set to increase in the years ahead, calling for a more comprehensive approach to electricity security to meet evolving challenges such as cyber threats, extreme weather events and rapidly growing shares of variable electricity generation from wind and solar power, according to a new report by the International Energy Agency.

The report, Power Systems in Transition, is the first major global study to examine in depth these three key areas for the future of electricity security at the same time and offer recommendations for addressing them in a way that supports the acceleration of clean energy transitions globally.

“Energy security is at the heart of the IEA’s mission because it is critical for social wellbeing, economic prosperity and successful clean energy transitions. We are dedicated to helping countries around the world ensure that all their citizens have access to clean, reliable and affordable energy,” said Dr Fatih Birol, the IEA Executive Director. “Electricity is essential for the functioning of modern societies – as the Covid-19 crisis has highlighted – and for bringing down global emissions. This is why we are continuing to expand and deepen our work on electricity security.”

The report is being launched today at the 2nd Global Ministerial Conference on System Integration of Renewables, which is co-hosted by the IEA and the Singapore government. The event will bring together Ministers, industry CEOs and thought leaders from around the world for discussions on the theme of “Investment, Integration and Resilience: A Secure, Clean Energy Future.”

Electricity accounts for one-fifth of global energy consumption today, and its share is rising. It is set to play a bigger role in heating, cooling and transport as well as many digitally integrated sectors such as communication, finance and healthcare. In pathways towards meeting international energy and climate goals, such as the IEA Sustainable Development Scenario, the trend will accelerate. In that scenario, electricity could surpass oil as the world’s largest energy source by 2040. Wind and solar’s share of global electricity generation would rise from 7% to 45%, with all renewables combined generating more than 70% of the total.

Many countries today enjoy a high level of electricity security thanks to centrally controlled systems, relatively simple supply chains, and power plants that can supply electricity whenever needed. But recent technology and policy developments are now radically changing the sector and with it, the electricity security model that has prevailed for the past century. These developments include steep declines in the costs of variable renewables, the trends of decentralisation and digitalisation, and the impacts of climate change.

The challenge for governments and utilities is to update policies, regulations and market designs to ensure that power systems remain secure throughout clean energy transitions. The new IEA report maps out key steps for achieving this. An essential goal is to make systems more flexible so they can smoothly accommodate the variable electricity production from wind and solar. This includes making the best use of the flexibility on offer from existing power plants that can generate electricity when required, as well as increasing investments in grids and other sources of flexibility such as demand-side technologies and storage resources. However, global investment in these areas is declining, a trend that has been exacerbated by the Covid-19 crisis. An increase in investments should be facilitated by better-designed markets that reward power system resources that deliver flexibility and capacity.

The growing digitalisation of electricity systems, the rise of smart grids and the shift to a wider distribution of generation resources offers many opportunities and benefits. But with cyber threats already substantial and growing, it is imperative to strengthen cyber resilience measures and make them a central part of the planning and operation of power systems. Governments can achieve this through a wide range of policy and regulatory approaches – from highly prescriptive ones to framework-oriented, performance-based ones.

The effects of climate change mean that electricity systems need to become more resilient to the impacts of changing weather patterns, rising sea levels and more extreme weather events. This can be accomplished by giving a high priority to climate resilience in electricity security policies and establishing better standards to guide the necessary investments. Enhancing the resilience of electricity systems to climate change also brings multiple benefits.

The new IEA report identifies best practices and lessons learned from around the globe. It also provides a set of recommendations for institutional frameworks that establish clear responsibilities, incentives and rules; measures to identify, manage and mitigate risks; and protocols to monitor progress, respond and recover, including through emergency response exercises.

“The IEA is the world’s energy authority where governments and industry leaders can share experiences and expertise to help move the world towards a more secure and sustainable energy future,” said Dr Birol. “This report is the reference manual for policy-making on electricity security now and for years to come.”

The IEA’s expanding work on energy security challenges will next year include a special report providing a forward-looking assessment of the global supply of critical minerals for clean energy technologies.

Previous Post

World Nuclear Exhibition WNE 2020 postponed to 2021

Next Post

Toshiba aims to launch virtual power plants across Japan in 2022

Related Posts

CHSN01 is a breakthrough
News

The New Metal from China – The CHSN01 is a Breakthrough

September 8, 2025
US Companies Advance Renewables
America

US Companies Advance Renewables Inspite of Policy Setbacks

September 8, 2025
Renewables in the US
Renewable Power

Renewables in the US Hold Major New Electricity Share

September 8, 2025
Fusion Energy Projects in the UK
News

Fusion Energy Projects in the UK Get Government Support

September 4, 2025
26 MW offshore wind turbine
News

China Installs Most Powerful 26 MW Offshore Wind Turbine

September 4, 2025
Cross Border Renewable Energy Projects
Europe

5 New Cross-Border Renewable Energy Projects Approved by EC

September 4, 2025
Next Post
Toshiba aims to launch virtual power plants across Japan in 2022

Toshiba aims to launch virtual power plants across Japan in 2022

LatestNews

CHSN01 is a breakthrough
News

The New Metal from China – The CHSN01 is a Breakthrough

September 8, 2025
US Companies Advance Renewables
America

US Companies Advance Renewables Inspite of Policy Setbacks

September 8, 2025
Fusion Energy Projects in the UK
News

Fusion Energy Projects in the UK Get Government Support

September 4, 2025
26 MW offshore wind turbine
News

China Installs Most Powerful 26 MW Offshore Wind Turbine

September 4, 2025
Cross Border Renewable Energy Projects
Europe

5 New Cross-Border Renewable Energy Projects Approved by EC

September 4, 2025
UK Solar Capacity
News

UK Solar Capacity Sets New Generation Record with Rollouts

September 4, 2025
Power Gen Advancement

About Us

Power Generation Advancement is a leading information centric website providing latest up to date information and happenings within the industry. The website is sub divided into 3 sectors updating the latest news and developments about Power Generation industry through Renewable Energy, Nuclear Energy, Thermal Energy sources. Power Generation Advancement runs with an objective to provide a one stop knowledge driven content to our reader and subscribers in various forms like news, projects, upcoming events.

Subscribe Us

Resources

  • Advertise with us
  • Our Services
  • Contact Us
  • Download Mediapack
  • Newsletter Archive

System

  • Search
  • Sitemap
  • RSS Feed

© 2017 Copyright © Valuemediaservices 2017 All rights reserved.

No Result
View All Result
  • Home
  • News
  • Market Moves
  • Press Statements
  • White Papers
  • Projects
  • Events & Conferences
  • Contact Us

© 2017 Copyright © Valuemediaservices 2017 All rights reserved.

Login to your account below

Forgotten Password?

Fill the forms bellow to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In