Image credit: 123rf.com1.5TW of new transmission at a cost of $1.7 trillion could deliver savings of $3 trillion in the net zero transition by 2040, new analysis based on the Future Energy Outlook shows. “Grid modernisation is the blind spot of the net zero transition. The system optimisation includes projections of future electricity demand, fuel prices, technological costs and performance, as well as policies and regulations in order to give a long-term view of the changing energy system. In 2024, a model builder should be added to the features to enable non-technical users to expedite energy transition planning decisions through an intuitive web interface. TransitionZero’s stated ultimate goal is to create and scale a global standard for energy planning data.

Source: The North Africa Journal November 24, 2023 07:40 UTC