Re-thinking Electricity Grids

It’s time for a new approach

In a recent FT article, a German utility leader claimed that Europe must “boost grid to cope with renewable power surge” that involves new investments of “up to €39bn a year to 2030”.

Not only is that thinking passé, but it’s also extremely expensive thinking! But is there a better way?

One of the mega trends advanced societies are witnessing is decentralisation and localisation, enabled by technology advancement. Decentralisation provides more efficient and transparent products & services and “buy local” is a growing theme, given that globalisation has not benefited as widely as promised.

And the two sectors that are decentralising in hyper-mode are the financial & power sectors.

The traditional financial sector is under attack by fintech companies (e.g., Revolut, Nexo) that provide better service & better customer experience. The crypto markets may be suffering due to the unprecedented number of scandals in 2022, but de-centralised finance (#DeFi) is here to stay and it will continue to grow at the expense of financial institutions. Bitcoin is also here to stay and will survive yet another…