The energy transition is entering a new phase. As governments race to secure power supplies, electrification is no longer just about decarbonization – it is increasingly about geopolitics, industrial policy and energy security. But replacing dependence on fossil fuels may simply create new dependencies elsewhere.
In our previous report, The new age of electricity, we discussed why electrification is providing a vital bridge between economic transition, investment and sustainability, the importance of geopolitics and the growing role of the state in managing it.
In this new report, Investing in electrification, we explore how this is reshaping investment opportunities across the value chain – from grids, utilities and industrials to nuclear energy, batteries and critical minerals. We identify five key investment themes and examine the enduring role of fossil fuels in this remarkable new era.
Key takeaways
- Grids, transmission networks and energy storage could be as important as renewable generation itself.
- Electric vehicles, heat pumps and data centres are becoming major drivers of future electricity demand.
- The shift away from fossil fuels may create new dependencies in batteries, solar technologies and critical minerals.
