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--- futures:electrification [2023/05/31 18:10] – ↷ Page moved from driver:electrification to futures:electrification elizabethherfel
+++ futures:electrification [2023/06/07 18:10] (current) – sarah.wheeler
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 ======Electrification======
 =====Summary=====
-Electrification has the potential to, and arguably is, accelerating more quickly than previously anticipated. As technologies improve, barriers to adoption, like cost, are reduced, increasing motivation to adopt energy solutions alternative to fossil fuels. Environmental challenges are another motivating factor when it comes to shifting toward a, potentially, electricity-dominated energy market. Customers are preferring reduced carbon solutions with increasing frequency and are demanding more of the services they rely upon. While electrification is integral to achieving these carbon-reduction, and other environmentally related, goals it cannot happen without some major infrastructural changes that need to be implemented sooner, rather than later, for carbon and climate targets to have a greater chance of being met. Batteries or other storage solutions will be key to enabling this transition and ensuring its growth and success.
+Electrification is experiencing faster-than-expected growth, driven by improving technologies and reduced adoption barriers. Environmental concerns and customer preferences for low-carbon solutions are also driving the shift towards electricity-dominated energy markets. However, achieving electrification goals requires major infrastructural changes and the implementation of storage solutions like batteries. Success will be enhanced as society becomes more urbanized and digitally connected, increasing the demand for electricity to power digital systems. With the complexity of energy demands, flexibility in energy solutions becomes crucial.
-The potential for success will be buoyed as society, particularly in developing economies, become more urban and connected to the digital ecosystem. Electricity is central to running digital systems so as we push to increase access to things like 5G and the digital economy our need for electrification will increase. With the complex web of demands we’re placing on our energy grids, flexibility will be a valuable attribute in energy solutions.
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 =====In Futures Research=====
 ====The Future of Power====
-[[library:the_future_of_power|The Future of Power]] by
+[[library:the_future_of_power|The Future of Power is Growth]] by [[encyclopedia:deloitte|Deloitte]] explores the global energy landscape and the evolving power sector. It highlights key trends such as the shift towards renewable energy sources, the increasing role of digitalization and technology in the energy sector, and the growing importance of energy storage solutions. The report emphasizes the need for collaboration between governments, businesses, and consumers to drive sustainable and resilient energy systems for the future.
 ====The Future of Energy: Regulatory Models for the Energy System Shift====
 [[library:the_future_of_energy_regulatory_models_for_the_energy_system_shift|The Future of Energy: Regulatory Models for the Energy System Shift]] by [[encyclopedia:ARUP|ARUP]] is the product of ARUP team discussions assessing the strengths and weaknesses of possible strategies. The UK's energy regulation has focused on maintaining existing networks for the past 30 years, aiming to reduce costs and improve customer service. However, with the goal of achieving net-zero emissions by 2050, the regulator now faces the challenge of expanding and transforming the systems to decarbonize effectively, while ensuring fairness and value for customers.
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-=====Discussion=====
+~~DISCUSSION~~
 =====Further Reading=====
+<span #categories_box> Categories:  </span>
 =====Citations=====
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