WEMO24-Compiled Report-Interactive compressed (002) 4154-7882-8116 v.1 - Flipbook - Page 88
Hariharan Krishnamurthy
Global Head of ET&U,
Capgemini Engineering
Dr. Andrea Nuesser
Grid Modernisation Leader
Carl Haigney
Segment Head, Energy Retail and Central
Markets UK
PREVIOUS
ARTICLE
Missing piece in the energy
transition puzzle: how the
demand side will reshape the
energy landscape
1.
Debates around the energy transition focus too much on
the supply side and the amount of investment needed to
meet future electricity needs
2. In the pursuit of a sustainable energy future, the demand-side
transition, encompassing energy efficiency, demand-side
management, and demand response, remains a pivotal yet
often underappreciated component
3. We need to refocus the conversation and put consumers
back at the center
NEXT
ARTICLE
Introduction
HOME
The need for a demand
side energy transition
The International Energy Agency (IEA) identifies energy
efficiency as crucial for maintaining the 1.5 °C climate target,
yet global investment falls short. The current 2% annual
improvement rate needs to double by 2030, requiring a tripling
of investment within five years. Despite challenges in the
building and industry sectors, 2023 saw resilient global energy
efficiency and electrification investments, boosted by strong
EV sales.
The U.S. Energy Information Administration (EIA) shows that
energy efficiency has kept USA energy consumption stable since
2000, even with economic growth. The recent rise in electricity
demand for AI data centers highlights the ongoing need for
demand-side focus.
The Australian Energy Market Operator (AEMO) projects that
enhanced demand-side management could cut peak demand
by 10% by 2030, reducing the need for new infrastructure.
Bragadesh Damodaran
ET&U Industry Platform Leader
WEMO 2024
Engaging consumers and leveraging technology is essential for
an effective and fair energy transition.
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