Today’s global population consumes about 15 terawatts of power—or the equivalent of all 7 billion people in the world holding 20 100-watt light bulbs. And power needs are continuing to grow. How can we provide that power reliably, affordably and sustainably?
Renewable energy is growing at a rapid pace. In fact, 2 out of 3 kilowatts of new power capacity currently being built is renewable energy. At the same time, the transportation industry is undergoing electrification, which is driving up power demands. Digitization is making the transmission and distribution networks more agile, resilient and reliable. And battery storage is growing. To support this changing energy landscape, we need a wide range of lower-carbon fuels—like natural gas.