Interconnecting the World's Grids: A Cheaper, Greener Power Future?
2025-01-25
Norway's decision to curb electricity exports due to price spikes caused by neighboring countries importing power highlights the need for global grid interconnection. Currently, less than 3% of the world's power is internationally traded, representing a huge untapped opportunity. Interconnected grids can significantly reduce electricity costs and facilitate the use of renewable energy sources. However, national interests and energy security concerns pose challenges to international cooperation.