Cigre 2022 Sydney

For decades, the utilities sector was perceived as a slow-moving and stable industry. However, the advent of green technologies, with electrification at its core for decarbonization, has propelled the power grid and the utilities that manage it to the forefront of our climate goals.
Recent progress in renewable adoption has been promising. 2023 witnessed significant number of wind and solar projects being commissioned around the world with an impressive 310GW capacity added globally throughout the year. Taking us to a cumulative installed capacity of 1.8 TW. [1] In addition to renewables, electrification of transport and heating sectors, continued their growth, with 5.7 million new EV chargers [2] installed worldwide and an 11% growth in heat pump sales [3] in 2023.