To combat climate change, all relevant sectors must be decarbonized as quickly as possible. Electrification is the core measure in many sectors, but it requires a low or zero emission power system. This creates a demand for integration of more new renewable energy production and new energy carriers in the existing system.
New value chains and concepts must be developed, the necessary technologies have to mature and the costs have be reduced in order to secure an efficient power supply, also in the future. The Technology Outlook Report provides an overview of the development of the most important renewable technologies. Today’s cost drivers are analyzed to create an understanding of their future potential. Forecasts and expected development are also presented.
The report contains regular chapters about the most important technologies. These chapters are updated regularly. The covered technologies are:
- Wind power
- Solar PV
- Carbon Capture and Storage (CCS)
- Bio energy for power
In each edition we also present a deep dive into relevant subjects and trends, where we analyze their potential impact on the power system. Examples include flexibility from hydrogen, batteries in the reserve market, analysis of necessary investment volumes or short portraits of other, potentially disruptive technologies.
The Technology Outlook report is published biannually.