Globalisation has made its mark on every industry, but most prominently on the energy system, which is undergoing a major transition.
Originally published in the ESI Africa weekly newsletter on 2019/01/30 – subscribe today
The network, from generation to transmission and distribution, is examining its role this ‘global city’ and how to reinvent itself.
The need for reinvention is due to the energy revolution (or 4th Industrial Revolution), which is upon us and exerting its forces from inside and outside the energy system. The drivers include technological advancements, changes in consumer patterns, and popular policy shifts.
Taking a closer look at individual countries – and even further to a micro level of individual cities and communities – each is tackling the drivers differently. Why is that? Should there not be a global convergence and consensus on how to solve the puzzle of an evolving power and market?
Absolutely not – the solutions lie within the specific risk profiles for each country, city or community. There must be no limitations to how the 4IR is addressed, lest policymakers and corporate leaders want to find themselves outsmarted yet again as the revolution continues to morph.
Growth in renewable energy project development, demand for distributed energy installations, prosumer habits, and digitally enabled finance structures could easily change direction.
On Wednesday (30 January), I participated in a Twitter Chat with #GridlessAfrica that touches on this theme. You can view the thread in our Twitter timeline.
Read the previous note from the editor here.