Huawei Report August 2024 | Page 4

HUAWEI
David Sun , Vice President of Huawei and CEO of its Electric Power Digitalisation BU , on smart infrastructure accelerating electric power intelligence

Countries as diverse as Albania , Iceland , and Uruguay are leading the way when it comes to meeting electricity demands with renewable energy . Hydro , wind , solar , and geothermal are all used to provide close to 100 % of those countries ’ electricity needs , and other countries are quickly shifting their energy sourcing from fossil fuels to renewables .

According to the recent report ( March 2024 ) Renewable Capacity Statistics 2024 produced by the International Renewable Energy Agency ( IRENA ), renewables in the power sector reached 3,870GW in 2023 , accounting for 86 % of additional capacity .
The drive towards carbon neutrality and net zero is clearly driving the adoption of new energy worldwide . However , we are well aware of some of the challenges we face with renewables , such as an unpredictable and uncertain supply , and how to manage and store surplus energy during peak production .
“ The main challenge for future power systems lies in transitioning from load-based power generation in certain environments to source-gridload-storage interaction in uncertain environments ,” says David Sun , Vice President of Huawei and CEO of Huawei ’ s Electric Power Digitalisation Business Unit .
4 July 2024