In its World Energy Outlook for 2025, the International Energy Agency (IEA) emphasised on Wednesday 12 November that the world has indeed entered the “Age of Electricity”, but that security of supply depends on the development of grids and storage and flexibility capacities, which are subject to major delays.
The report states that “investments in electricity generation have charged ahead by almost 70% since 2015 to reach USD 1 trillion per year, but annual grid spending has risen...