is a renewables-electricity and nuclear net-zero pathway. This one follows a similar trajectory to theexcept that small, modular nuclear reactors complement wind, solar and battery technology in the power sector, and add so-called “red hydrogen”, which is produced using electrolysis as in theFor most countries there is likely to be a mix of the three scenarios depending on their basket of complexities and the distinct needs of their particular technology choice.
The increase in capacity for the power sector illustrates the need for significant acceleration of installing existing technologies to 2030, that is getting on track for the power sector means adding up to 500GW of new wind, 450GW of new solar, and 250GWh new battery storage on average every year to 2030 under the green scenario. This is over 5.2 times the amount of wind capacity added in 2020, 3.2 times the amount of solar, and 26 times the amount of battery storage.
BP is similarly teaming up with Marubeni of Japan in the offshore wind energy market. No doubt these companies are contributing their offshore oil-rig platform construction technology know-how, which is significant. This major shift will assist with the substantial expansion requirements outlined earlier. It is already public knowledge that Saudi Arabia has moved significantly into solar energy, with a major cost-effective thrust announced last year.
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