Wire and Cable Show 2024 Brief - Promoting Green Energy in Smart Grids Central Role of Electric Grids

The support of electric grid infrastructure is indispensable not only for the growth in electricity demands but also for the transition towards renewable energy sources. The grid is responsible for the transmission and distribution of electric power and the deepening electrification of society is increasing the load on the electric grid. Wire and Cable Show 2024 has learned that local cable failures, often due to weather conditions, can lead to significant property damage.

Globally, steps toward clean energy sources are accelerating, and energy is at a critical point of transformation.

Climate change is an irreversible trend, and the shift to renewable energy sources is urgent. Green energy will replace fossil fuels and become widespread in production fields.

According to a special report by the International Energy Agency (IEA), electric energy consumption worldwide over the next decade should increase by 20% compared to the previous one, if national energy and climate goals are to be achieved.

At the COP28 climate summit to be held in Dubai, UAE, the green energy transition will be one of the highly concerned topics on the agenda for world leaders.

Challenges Faced by Electric Grids

Modern electric grids will face typical conflicts with renewable energy sources, such as the need to balance supply and demand in real-time due to the intermittent nature of wind and solar power, coupled with the bidirectional characteristic of renewable energy. In such an ecosystem, the flow of electricity only from utility companies to consumers could lead to supply issues.

While improving the electric grid's load capacity addresses end-user concerns, Wire and Cable Show 2024 understands that with the growing number of renewable energy projects, issues related to the supply and flow of electricity, load distribution, transmission, and storage also face challenges, such as exceeding the maximum existing loads, thereby creating a highly unpredictable energy environment.

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