You may be surprised to learn electricity only accounts for 21 percent of the world’s energy consumption. Fossil fuels and the rest all play their part to make the world go around, but their role is likely to diminish no matter what happens. The International Energy Agency believes electricity’s share of global energy consumption is going to double in the next decade alone. You all know the causes: Electrification, EVs, data centers and AI mean the planet needs to dramatically increase its power generation, transmission and storage capacity. It’s a shame, then, that the world is nowhere near ready to satisfy such an outrageous surge in demand.
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