The text highlights the accelerating demand for electrification in various sectors, driven by electric vehicles, heat pumps, and electrified industrial processes. With a global target set at the United Nations Climate Change Conference (COP31) for electricity to meet 35% of final energy demand by 2035 (up from 21%), the focus is now on the readiness of the power systems to adapt.
Key points include:
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Competitiveness and Resilience: Businesses prioritizing electrification can enhance energy cost management, explore new revenue streams, and improve operational robustness.
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Barriers: Companies face significant obstacles like prolonged connection queues, inadequate tariffs, fragmented market structures, and the need for flexible capacities.
Five Action Areas:
- Grid Access and Capacity
- Permitting and Delivery
- Price Signals and Market Access
- Products, Revenue, and Business Models
- Standards, Data, and Interoperability
These areas should be integrated into decision-making to help businesses navigate and overcome barriers. Each area includes specific actions, necessary regulatory reforms, measurable indicators, and timelines for implementation.
The Navigator also examines these actions across four demand sectors: transport and mobility, data centers, the built environment, and industry, promoting a coordinated approach among businesses and regulators to tap into the value of electrification effectively.
