The global demand for power is estimated to grow by 50% by 2040, which means that it is imperative that energy is affordable, even in a more complex and dynamic environment.
Building on green, climate change, carbon neutral, sustainability movements of the past decade, decarbonisation can be simply described as making changes that reduce the use of carbon based products that create carbon dioxide emissions. Burning fossil fuels for transmission, generation of electricity and industrial heating processes are the largest contributors to carbon dioxide emissions.
Market and regulatory pressures are driving an electrification transition as major method of achieving decarbonisation. To do this effectively, energy users need a straightforward way to understand their typical consumption behaviours to establish a baseline that carbon positive changes can be measured against. Understanding the available capacity, consumption habits and the relationship between these is critical to develop economically and sustainably viable business cases to both select the right carbon positive efficiency, generation or energy-storage options.
An affordable energy transition must address generation, distribution and use to achieve the best results. End users of electricity also have more economically viable generation and storage options to compliment large scale wind and solar projects being built by utilities providers. Understanding today's needs and future changes is essential to ensure the best solutions are available when and where they are needed.