10 Sep '18, 8am

Power to double share of global energy demand by 2050, says @DNVGL #ETO2018 report:

Electricity’s share of total global energy demand will more than double to 45% by 2050, with a rapidly expanding fleet of renewable energy plants accounting for an estimated 80% of production worldwide, according to figures from DNV GL’s Energy Transition Outlook (ETO) 2018 report, which was published today. Rapid worldwide electrification will be driven by rising demand in the buildings, manufacturing and transport sectors, not least due to an uptake of electric vehicles (EVs) that will continue to “escalate rapidly” with 50% of all new cars sold in 2027 in Europe expected to be EVs, a market penetration expected to be reached globally by 2033. Solar PV, onshore wind, hydropower and offshore wind will each represent “high fractions” of supply as the shift to electrification and away from fossil-fired production continues, the ETO predicts, with PV and offshore wind foreca...

Full article: http://www.rechargenews.com/transition/1577152/power-to-d...

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