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3 June 2021updated 05 Nov 2021 9:32am

Electricity grids are not ready for energy transition, says Accenture

Growth in clean energy technologies, most notably electric vehicles, may outpace grid developments, with potentially negative impacts on the energy transition, distribution executives believe.

By Energy Monitor Staff

Almost three-quarters (72%) of distribution executives believe electric vehicle (EV) growth globally will be more rapid than the speed at which the necessary grid capacity can be built to accommodate them, states a report by consultancy Accenture.

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electrical grids silhouetted by a sunset

Electrical grids in Iraq, January 2021. (Photo by Asaad Niazi/ AFP via Getty Images)

The research, surveying 250 such executives, argues electricity grids are ill-prepared to respond to structural changes in energy generation and consumption caused by the deployment of low-carbon technologies.

Distributed generation, more active customers and widespread electrification will all potentially place strain on grids.

Low-carbon technologies such as EVs and solar PV will “exist in clusters” largely dictated by demographics. This could lead to localised stress on the network, adds the report.

The development of a regulatory framework would help to boost future network resilience, the report states. Eighty per cent of respondents believe regulators are waiting for distribution businesses to propose models that incentivise flexibility.

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Evolving consumer demands are fuelling the industry’s change to electric vehicle production and the EV auto supply chain. While some want to take steps to lower their carbon footprint to reduce their personal impact on the environment, others have grown frustrated with the ever-fluctuating price of gasoline.

This paper explains why automotive companies are setting their sights on Ohio when pivoting their businesses to meet the high demand for electric vehicles. It offers an in-depth analysis of current challenges within the industry while highlighting resources and opportunities across Ohio for innovations in automotive manufacturing.

by JobsOhio
Enter your details here to receive your free Whitepaper.

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