Powering Asia-Pacific’s electricity supercycle into long-term energy security
The current volatility in the energy market can be a catalyst to rebuild existing systems
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IT IS no secret that the world of energy has become increasingly volatile. Geopolitics as well as more frequent and more powerful extreme weather events are just two contributors to rising and fluctuating energy prices.
At the same time, electrification across industry and homes in the Asia-Pacific is expected to grow by more than 5 per cent annually to 2027. Add power-hungry artificial intelligence into the mix, and demand threatens to outpace supply.
The convergence of increased electricity demand, structural strain on existing energy systems and grid modernisation is proof that we are entering an electricity supercycle.
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