Foreword
The energy transition is happening in three waves:
1. Power systems need to significantly expand in response to the electrification of other sectors and transform to utilise only low-carbon energy sources.
2. Need to decarbonise transport will drive new investment and the emergence of new technologies and business models - including EVs, charging networks and biofuel/hydrogen-powered vehicles and other transport.
3. Decarbonisation of heating and industrial processes will drive the deployment of four main technologies.