Pictet-Global Environmental Opportunities and Pictet-Clean Energy Transition strategies allow you to focus on the best market innovations in clean energy and smart energy networks
The transition towards green energy will lead to a significant increase in electricity demand. Even if they invested in 2023 310 billion dollars in electricity networks worldwide, with an increase of 5% compared to last year, according to the International Energy Agency (IEA), to reach the net zero goal in 2050, public sector investments in energy networks will need to nearly double between now and 2030. Especially in the developed world, where only about 23% of grid infrastructure is less than 10 years old, while more than 50% is more than 20 years old.
HELP FROM TECHNOLOGIES FOR SMART NETWORKS
The electrification of industries and vehicles and the rapid diffusion of renewable sources are helping to support electricity spending. Smart grid technologies offer help in managing this transition, while reducing the need for expensive new network infrastructure. “Grid improvement technologies capable of strengthening and optimizing supply, allowing the diversity of renewable resources to be stable, with sophisticated sensors, automation, forecasting and bidirectional distribution. Their use must allow the demand and supply of electricity to match in real time, reducing costs to a minimum and maintaining the stability and reliability of the network” he said Jennifer Boscardin-ChingClient Portfolio Manager at Pictet Asset Management…
** This article was written by FinanceLounge