Global Power Demand Is Soaring, IEA Expects 4% Growth in ’24 & ‘25
Becoming a part of the mainstream dialogue: Utilities across the US are raising rates and investing heavily to modernize/harden aging power grids, driven by increasing outages, extreme weather, and growing demand. Customers face higher costs for often unreliable service.
The long-term trend toward the electrification of societies (rising share of fuels converted to electricity rather than consumed directly) has been unmistakable. The new renewables—solar and wind, as opposed to hydroelectricity whose beginnings go back to 1882—will readily feed into this progression, but the history of electricity generation
... See moreVaclav Smil • How the World Really Works
Wind potential estimates at land-based and