One of the major problems many countries face with a switch to renewable energy is that the old electricity grids are often not suitable for modern technology integration. There’s a major need for grids to be smart enough to adapt to different sources and flows of electricity.
It’s the only way that fluctuating levels can be redirected and for households to be able to feed their own electricity production into the grid.
Taiwan has now made the equivalent of $30 billion dollars available for investment in green tech and smart grids to support complete carbon neutrality by 2050.
A Reuters report had some further interesting details to share about this.
“Tsai said that by 2050, renewable energy should account for more than 60% of Taiwan’s power supply, while hydrogen should account for around 10% and thermal power generation with carbon capture around 20%.”
When you compare that to almost 50% of electricity coming from coal in 2020, there’s a big shift coming in such an industrialized country.
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