World might need might need extra 50 million kilometres of electricity grids

Current global electricity grids could wrap around the Earth 2,000 times? The total length is 80 million kilometres, yet it is not enough. According to the IEA analysis, the world might need extra 50 million kilometres of grids by 2040 to satisfy growing demand for electricity. In addition, 30 million kilometres of existing grids need to be refurbished. Both green and digital transition thus pose not just a major infrastructural and investment challenge, but also a unique business opportunity. At the same time, natural resources crucial for electricity grids infrastructure, such as aluminium, copper or steel may witness increased demand and accompanying geopolitical competition.