Innovation Week 2018: Solutions for a renewable-powered future
In the two years since IRENA’s first Innovation Week, we have seen further remarkable cost reductions in renewable energy, to the extent that many commercially available renewable power generation technologies will be competitive with conventional fuels by 2020.
In parallel, we are witnessing transformative changes in the way energy systems are operated, driven by trends such as the growing digitalisation of systems, the increased decentralisation of electricity supply, the need for system flexibility, and the electrification of end-use sectors.
While the transformation of the power sector is well underway, the challenge now is to build on the potential of low-cost renewable power and ensure all countries can reliably integrate high shares in their power systems.
IRENA Innovation Week 2018 is a solutions-focused gathering of around 250 leading companies, innovators and policy makers from across IRENA’s diverse global membership, convened to explore how innovations in enabling technologies, business models, system operations and sector coupling can accelerate the renewable power transition. Ministers and senior executives will be attending the high-level segment on late Thursday afternoon and on Friday morning.