Innovation Landscape report by IRENA

12 Jan Innovation Landscape report by IRENA

(Oilandgaspress) While no “one-size-fits-all” solution exists, systemic innovation can transform the future of energy systems, a new report by the International Renewable Energy Agency (IRENA) finds.

Released during a Ministerial Dialogue on the role of Artificial Intelligence (AI) at IRENA’s Assembly, the Innovation landscape for sustainable development powered by renewables shows transformation happens when technological innovation is woven together with innovation in policy, regulation, market design, system operation and business models.

The report spotlights 40 innovations, from AI and digital applications to solutions for modernising grids through smarter planning and off-grid solutions, as well as new business models. It concludes that only a systemic, integrated approach can deliver resilient power systems, broaden energy access, ensure affordability, and realise the full promise of the energy transition.

Renewable technologies have become the cheapest source of electricity in most regions. The combination of cost-competitive renewables and the decentralised nature of many innovations puts universal access to electricity and resilience of power systems within reach for a just transition and economic development in emerging markets and developing economies.

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