Meeting the Power Crunch: Technologies & Policies Delivering Affordable Clean Power
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Global electricity demand surged by 4.3% in 2024, prompting urgent action from governments to ensure affordable power while promoting clean energy solutions. The Carlyle Group suggests a shift towards local, renewable energy sources to mitigate import risks. Renewables, particularly solar paired with batteries, have emerged as the fastest and most cost-effective means to meet this rising demand, with the U.S. adding approximately 50GW of solar and storage in 2024, nearly doubling the previous year’s capacity. The article outlines five policies to address the power crunch effectively.
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