To create resilient grids, it is essential to have a balanced mix of renewable energy sources, said Marco Arcelli, CEO of Acwa Power during the seventh Future Investment Initiative (FII7) in Riyadh, KSA.
He explained that all natural power comes from the sun, except for nuclear. However, the problem with the sun and wind is their intermittency, which can be daily, seasonal, or even unreliable for several days in a row. To create resilient grids or reliable electricity supplies, it is crucial to have a balanced mix of energy generation. This is because when we turn on the power, it needs to continue, and we cannot afford to not have it.
Arcelli stated, “I am a firm believer in a balanced mix of generation. A balanced mix of generation means that every country will use at the best all the sustainable resources that they.”
He continued explain that very system needs to tailor its solution to the local situation of the country. A balanced mix of renewable energy sources, including solar, wind, and storage batteries is crucial for ensuring a reliable and resilient electricity supply.
The seventh Future Investment Initiative (FII7), which opened on Tuesday (October 24), saw a firm focus on how the global community can successfully navigate the emerging new norms of relations amidst instability, climate concerns and social inequality.
About 6,000 leaders, investors and innovators from around the globe are taking part in over 200 panels and discussions designed to tackle the biggest issues facing humanity’s health, prosperity and survival at the forum. --OGN/ TradeArabia News Service
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