Today, about 29% of electricity is generated through renewable sources, but by 2050, renewables should account for 90% of global production. What will that mean for a power grid that was created with fossil fuels in mind? If you guessed that introducing the variability of renewable power will challenge the system, you guessed right. In this special report, the Boston Consulting Group is calling for companies to shift their focus and change their identities from energy consumers to “asset-backed green-electricity traders.”
About the Authors
Philip Hirschhorn is a managing director and senior partner in the Boston Consulting Group’s Sydney office, and Tom Brijs is a principal in the Brussels office.