Critical minerals essential to clean tech, defense, and AI have become the new fault lines in global supply chains. The IEA also states that energy has become a central focus of geopolitical power struggles, making it one of the defining economic and security challenges of our time
The IEA’s annual “World Energy Outlook” explores three possible scenarios for the future, emphasizing that none are predictions. Instead, they are roadmaps that show what could happen depending on the choices governments and industries make on policy, technology, and investment.
Across every scenario, one theme stands out: electricity demand is surging faster than for any other form of energy. Electricity currently accounts for only about 20% of global energy use, yet it powers more than 40% of the global economy.
Source: Electrek: Read The Article
PSR Analysis: Driving this growth are data centers, AI, and electrification across transportation, heating, and manufacturing sectors and the IEA warns that grid expansion and storage aren’t keeping up with this growth. PSR
Guy Youngs is Forecast and Technology Adoption Lead at Power Systems Research
