We need SPARK now because there is still a chance we can change the world.
The way we produce and consume energy is changing fast. According to IEA statistics, renewable energy made up 28% of global electricity generation in Q1 2020. Governments around the world have pledged to meet emissions targets within the next three decades. Yet to reach net zero by 2050, the share of renewables will need to drastically increase, and with increasing electrification of transport and heating, demand for electric power is also set to rise.
Our existing business models and grid infrastructure are not up to the challenges created by new power generation technologies. The utility of the future will need very different skills and abilities to survive and thrive. New business models, technologies, funding mechanisms, and regulatory incentives will be key to achieving a sustainable future.
We need to enable sector coupling, to talk and debate across industries and geographical regions. SPARK will be the meeting place for innovators and leaders in the energy sector to meet and shape the future of the energy transition.
Electricity providers will need to employ new technology to become more flexible.
Power is going digital and global investment in digital electricity infrastructure is booming.
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