In a report published on 14 February, the International Energy Agency (IEA) states that electricity consumption is set to increase by an average of 4% a year until 2027, which is equivalent to adding more electricity each year than Japan’s annual consumption between now and 2027.
This increase is largely due to the growing use of electricity in industrial production, increased demand for air conditioning, accelerated electrification and the rapid expansion of data centres.
Most of the...