Innovation Landscape For A Renewable Powered Future

Innovation is the engine that powers the ongoing transformation of the global energy system. A multitude of innovative solutions have been key to making renewables into the competitive energy option that they are today.

The pace of renewable energy innovation, meanwhile, keeps accelerating, with power generation solutions at the forefront. Rapid cost reductions for solar and wind power have put these technologies at the core of the energy transformation. To maximise their share while maintaining low electricity costs, more flexible power systems are needed.

Innovation programmes in leading markets, therefore, are focusing on solutions to achieve maximum power system flexibility. The increasing electrification of transport, buildings and industry can also facilitate solar and wind uptake if smart approaches are adopted. As many of these new loads will be flexible, their inclusion in the power system can also help to integrate more renewables through demand-side management strategies.

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