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Find out how we can achieve CO2 neutrality and the end of dependence on fossil fuels by 2100, thus opening a new age of electricity.
Current oil prices are low. To remain competitive, producers need to reduce their costs.
Siemens can help.
By 2035 renewable energy sources (including hydro power) are expected to account for more than 30 percent of global final energy use. Wind and solar power are expected to continue as the key sources of renewable electricity.
High-voltage-direct-current transmission lines are an essential part of the coming age of electricity. Their losses are 30 to 50 percent lower than those of conventional lines.
Experts estimate that by 2020, the global market for smart grid technology will be almost €400 billion. Equally important will be applications and services, particulary energy storage, which will play a growing role in ensuring the reliable transmission and distribution of electricity.
Competitiveness depends on the efficient use of resources, time, and capital. Energy efficiency can play a major role in achieving these goals. Its potential is enormous.