Key strategies to ensure reliability in the energy transition

Emphasising the importance of reliability in the energy transition to a sustainable future.

Published: May 25, 2024

Share on social networks

Introduction

The world is at a point of transition, driven by the urgent need to mitigate the effects of climate change and move towards a sustainable and reliable energy future. This transition implies a radical change in the way we produce, transport, and consume energy, migrating from polluting fossil sources to clean renewable energy. In this context, reliability in the energy transition is important, acting as a bridge between sustainability goals and the reality of the current energy system, without compromising the reliability of energy supply.

This article focuses its content on the role of reliability in the energy transition, reviewing strategies that will ensure a successful transition that does not compromise the security and well-being of societies.

Facts and statistics on reliability in the energy transition

Before starting to review the strategies, it is necessary to know some interesting facts and figures from authoritative websites on the subject, so that you can visualize their importance:

The International Energy Agency (IEA) estimates that global investment in energy infrastructure will need to double to US$5 trillion annually by 2030 to achieve the Sustainable Development Goals and the Paris Agreement.
A World Economic Forum study found that power outages cost the global economy US$7 trillion each year.
The European Commission has set a target of increasing the share of renewables in the EU energy mix to 40% by 2030.

Strategies for a reliable energy transition

Investment in research, development, and innovation (R&D) in reliable energy storage technologies

Investing in this strategy is critical to overcoming the technical challenges associated with reliable renewables. Advancing technologies that improve efficiency and storage capacity can improve the way energy is generated and consumed, making renewable energy reliability even more robust and versatile.

Example: The European Union’s Battery Alliance initiative aims to invest €9 billion in research and development of next-generation batteries.

Modernization of grid infrastructure to increase its flexibility, capacity, and resilience

Modernize grid infrastructure to effectively manage the load and variability that reliable energy sources require. This involves not only expanding transmission lines, but also incorporating smart grid technology that allows for more dynamic and efficient management of power flow.

Example: The China Electric Power Corporation is investing US$100 billion in modernizing its power grid to accommodate the growing integration of renewable energy. Electrical engineer working in the control room of a modern thermal power plant.

Policy and regulatory implementation

Creating a regulatory framework that encourages investment in reliable renewable energy and storage technologies is essential. Policies should facilitate the development and integration of these technologies into the market, while ensuring reliability in the energy transition process.

Example: The US Clean Energy Act has provided tax incentives and other support mechanisms for the development of renewable energy and energy storage technologies.

Promoting Demand Side Management and Efficiency

Implementing technologies that enable better demand-side management can be key to maintaining energy supply reliability. These technologies encourage the use of energy at optimal times, aligning demand with available supply.

Example: The US Environmental Protection Agency’s “Energy Star” program helps consumers choose energy-efficient electronics and appliances.

Developing flexible energy markets that enable the purchase and sale of energy and reliability services

Creation and improvement of systems and market structures within the energy sector that enable and facilitate the efficient transaction of energy and services associated with reliability of supply.

Example: The European Energy Flexibility Market Initiative aims to create a more flexible market for the purchase/sale of reliability services between different actors in the energy system.

Fostering international cooperation and knowledge exchange to share best practices and innovative solutions

Fostering collaboration between nations can accelerate the adoption of practices and technologies that improve the reliability of energy supply. Sharing knowledge and resources contributes to a more robust and cohesive global strategy for reliable energy.

Example: The International Solar Energy Alliance (ISE) is a global platform that facilitates cooperation in solar energy research, development, and deployment.

Workforce education and training

Preparing the workforce for this process involves educating and training professionals in emerging technologies and sustainable practices. This not only ensures a smoother transition, but also promotes continuous innovation within the energy sector.

Community and stakeholder engagement

Integrating local communities and other stakeholders in decisions and projects related to the energy transition increases long-term acceptance and support. The participation of these groups can provide valuable local insights that improve the reliability of renewable energy and ensure that projects are both environmentally and socially sustainable.

Ongoing monitoring and evaluation

To keep energy sources reliable, it is necessary to implement monitoring and evaluation systems to track the performance of new technologies and strategies. This not only helps to identify areas for improvement, but also ensures that current policies and practices remain effective in the face of a changing energy landscape.

Adoption of digital technologies

The use of digital tools and data can significantly improve the reliability of renewable energy. From advanced grid management systems to predictive analytics and condition-based maintenance, these technologies can transform the way energy grids operate and respond to dynamic demands.

Conclusions

Reliability in the energy transition is a fundamental aspect that must be carefully considered in energy system transformation. By addressing the challenges and seizing the opportunities presented by reliability, we can build a sustainable, reliable and secure energy future for all.

Investing in research, developing sound policies, promoting innovation, strengthening energy system resilience, collaboration, and other strategies are key to ensuring a just and equitable transition.

Get involved now to shape a sustainable energy future!