Energy trends and developments

Let's look at the history of changes in energy technology. After the beginning of the industrial revolution in the 18th century, coal was exploited and consumed on a large scale. In 1965, oil replaced coal as the most consumed energy, leading the world into the "oil era". Today, coal, oil and other fossil fuels are still the world's main energy sources. Because of the environmental pollution and the increasingly serious challenges faced by effective access to energy, production, storage, distribution and other aspects, people need to change. This has also led to the continuous innovation of renewable energy technology today, which we call "new energy".

China's new energy can be traced back to the small hydropower and biogas implemented in rural areas in the early days of the founding of the People's Republic of China. China formally proposed China's carbon emission targets at the United Nations General Assembly in September 2020. "Strive to reach the highest value by 2030 and achieve carbon neutrality by 2060." As a sign, under the development concept of China's new energy industry, many enterprises have upgraded their systems and set off a new wave of energy change.

In addition, the progress of science and technology is also the main driving force for the development of new energy. According to the IRENA 2020 Renewable Energy Power Generation Cost Report of the International Energy Agency, the cost of large-scale solar power generation has decreased by 85% from 2010 to 2020. The key factors to reduce costs are the economies of scale effect resulting from the increase of solar energy adoption rate and the technological innovation to improve solar power generation, storage and distribution. A series of technological innovations, such as more efficient inverter systems and the introduction of auxiliary energy storage facilities, not only make the air cleaner, but also have important commercial value.

However, China's renewable energy development path is not covered by flowers, but faces considerable challenges. Especially at present, the proportion of fossil energy is 70% - 80%, and the industrial production and energy export bases are widely distributed. China has the most complex power grid system in the world. In addition, the development of new energy is very dynamic, and it is necessary to create a more intelligent and efficient new distributed power system. More importantly, with the arrival of the trend of social electrification represented by electric vehicles, the complexity of the grid load segment is also increasing sharply. Eric FU, field application manager of Texas Instruments (TI), said: "This series of challenges make China have to start from the head, quality, change, distribution, and various parts.