We had the chance to sit down with Power Factors to discuss sustainable tomorrow with AI-powered insights and scalable solutions as part of Vision 2045 campaign.

During the COP28 U.N. climate conference in Dubai last December, government leaders from around the world committed to tripling renewable energy generation capacity. If current policies and market dynamics stay the same, global renewable capacity is expected to reach 7,300 GW by 2028. To hit the 2030 target, governments worldwide must reach a minimum capacity of 11,000 GW.

The good news is that the growth of renewables continues to outpace expectations. The International Energy Agency (IEA) reported that 2023 was another record-setting year of growth, with 510 gigawatts (GW) of renewable generation capacity added. This rapid growth creates new challenges. Not only are the numbers of sites increasing, but the size of the assets are also growing with increased capacity. The assets and the grid they feed comprise the world’s largest supercomputer with increasingly complex data needs. Additionally, owners, operators, and energy producers are shifting their business models, identifying new revenue streams, while incorporating the latest in innovative technology.

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