Our vision of the future energy system is solar economy. The energy we use will come from the sun – either directly as solar electricity or heat, or indirectly from hydro, wave, wind, bioenergy or geothermal. Additionally, the whole energy system will operate flexibly and efficiently.
A solar economy provides solutions to the challenges of climate change and resource scarcity. Demand flexibility and energy storage are also underscored in the energy-efficient system of the future. Transitioning to a solar economy will take decades. During this time traditional production forms will be further developed and used alongside the production forms of a solar economy.
In a solar economy, the energy system is more dynamic and smarter than today. Electricity and heat can be produced both in a centralised and distributed manner. The active participation by consumers brings flexibility to demand, which improves the efficiency of the system. In the coming years, demand flexibility will improve considerably as both the technology and the business models mature.