1、1FLEXIBILITY&STORAGEGRIDSAFFORDABILITYECONOMICS&MODELLINGDIGITALIZATIONELECTRICITYFLEXIBILITY&STORAGEGRIDSPOLICYECONOMICS&MODELLINGAI ELECTRICITYCCS&HYDROGENELECTRICITY&GAS Electricity,renewables generation,and grids through to 2050ENERGY TRANSITION OUTLOOK NEW POWER SYSTEMSFOREWORDElectrification,a

2、nd more specifically,decarbonized electricity,is pivotal to the ongoing energy transition and central to the fight against climate change.It is also vital to the wellbeing of humanity:we are entering an era where electricity will bring clean,efficient,and modern energy to almost every individual on

3、this planet.We forecast that wind and solar are likely to supply 50%of the worlds electricity by 2040.By mid-century,that share will rise to almost 70%.By then the amount of electricity consumed globally will have doubled compared with todays use.These are some of the central findings in DNVs Energy

4、 Transition Outlook,now in its seventh edition.Behind that forecast is a comprehensive system dynamics model of the energy supply,use,and trade within and between 10 world regions through to 2050.The model is designed to capture dynamics that occur on an annual scale or longer.However,as you will di

5、scover in this report,the power market aspect of our forecast addresses supply and demand dynamics on an hourly basis.For example,we are able to show you what goes on with the new power system in the UK in Remi EriksenGroup President and CEO DNV2050 during a hypothetical two-week period of adverse w

6、eather conditions and no wind power.We expect to see an average 60%rise in GDP per capita between now and the middle of this century.As households become more prosperous,they will increasingly electrify their end uses.In doing so,they will take advantage of the large efficiencies that electricity br