Visit GE at Booth #911
POWER IS FOUNDATIONAL
It is the underpinning of modern life.
And we, in the power sector, find ourselves at an exciting crossroads. The world’s electricity system is rapidly changing. The overall structure of the power industry is transitioning from one based primarily on a hub-and-spoke central generation model with one-way energy flows, to a hybrid system comprised of both distributed and centralized resources with two-way flows. At the same time, new digital innovations are pushing us towards a more efficient and autonomous grid, in which generation and transmission and distribution (T&D) are optimized in real time. Finally, as the world races to confront climate changed caused by CO2 and other emissions, the system is adapting to incorporate zero- and low-carbon power sources and innovations that make traditional thermal sources more efficient and sustainable
With these profound changes, the emerging and future electric grid will be one powered by a mix of generation sources—from gas to wind and solar, hydropower to nuclear—that will work in tandem, across many different energy markets in the developed and developing worlds. This world is not binary, with stark choices required between fossil fuel sources of power generation and renewable ones. Instead, it is a tapestry of generation combinations reflecting market realities and the marriage of old and new technologies.