
Electricity is a "sticky" form of energy, in that it tends to stay in the continent or island where it is produced. It is also multi-sourced; if one source suffers a shortage, electricity can be produced from other sources, including . As a result, in the long term it is a relatively resilient means of energy transmission. In the short term, because electricity must be supplied at the sa. [pdf]
Why Electrify? Electrification is at the heart of carbon neutrality. If electricity can be generated using clean, renewable energy sources such as wind and solar--even with fossil fuels in the generation mix--switching to EVs and other electrification technologies can lower overall emissions.
Electrification converts an energy-consuming device, system, or sector from non-electric sources of energy to electricity. It’s an emerging economy-wide decarbonization strategy that is beginning to impact the electric power industry.
Electrification can generate significant energy savings through increased efficiency in areas such as households, transport, construction and industry. For instance, electric engines are often more efficient than internal combustion engines, which means that they can obtain more useful energy from a given amount of source energy.
Electrification holds great potential to reduce final energy demand because the efficiency of electric technologies is generally much higher than fossil fuel-based alternatives with similar energy services. Furthermore, the emission reduction benefits of electrification go hand-in-hand with an increase of renewable energy.
Electrification requires consumers to purchase an electric technology to replace a product powered by fossil fuels. This includes purchasing an EV rather than a gas-powered vehicle or installing an electric heat pump instead of a furnace that uses natural gas in a home or building. These technologies “enable” electrification.
At our current rate of consumption, electrification is the solution to achieve energy transition and decarbonise our society. In fact, the International Energy Agency (IEA) published the "Electricity Grids and Secure Energy Transitions" report, in which it defends the key role of electricity grids in this transition.
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