World Energy Trilemma Index | 2021

The goals to be achieved in the 'Energy Trilemma' are defined by the World Energy Council (WEC) as  
    • secure energy supply,
    • access to affordable energy,
    • sustainability in the generation and consumption of energy.
  Each country pursues its own strategy to solve the energy trilemma. In the current Energy Trilemma Index of the WEC 127 countries are judged. Austria ranks fifth in the current worldwide Trilemma Index Ranking.

YEP Austria: Results from the Working Groups

The Young Energy Professionals (YEP) programme is an interdisciplinary network of young executives from members and partners of WEC Austria and is based on an initiative of the London WEC office.   The 1st cycle was launched in October 2015 and lasted until autumn 2018. The topics covered by the participants of the 1st cycle included the energy turnaround, investments and subsidies or the effects of digitisation on Austria's energy industry. The results of the 1st cycle are available in the reports "Energy Future in Austria - Current Trends and Approaches for Innovations" and "Digitisation in the Energy Industry".   The 2nd cycle started in February 2018 ended 2020. Future perspectives were developed in working groups on the topics of storage & grids, buildings, industrial processes, oil & gas and #emission2030. The final reports of the working groups on "buildings", "storage & grids" and "industrial processes" are now available.

Hydrogen Demand and Cost Dynamics

Hydrogen is being discussed as one important solution to meet the Paris climate goals, as it can be a clean fuel, feedstock, and reagent for many energy intensive processes and transport services. However, possible hydrogen demand trajectories up to 2050 can vary depending on the development of complementing technologies, such as energy efficiency, electrification, carbon capture, and hydrogen technologies themselves. This analysis aims to shed light on the different hydrogen demand and cost trajectories by analysing various reports and energy scenarios.

H2 Developments: Inputs from Senior Leaders

WEC released Inputs from Senior Leaders on Hydrogen Developments, a further Working Paper in the "Hydrogen on the Horizon" series produced in collaboration with the Electric Power Research Institute (EPRI) and PwC. The Hydrogen on the Horizon series aims to start a multi-stakeholder, multi-level community dialogue on hydrogen’s role in energy transitions. In this new Working Paper we present inputs from senior energy leaders on hydrogen uptake, and highlight issues we should pay attention to when developing hydrogen production and use. The Working Paper builds upon interviews with 38 experts from 23 countries, reflecting 61% of the global Total Primary Energy Supply and 70% of global GDP.

National Hydrogen Strategies

The working paper in the Hydrogen on the Horizon series, produced in collaboration with the Electric Power Research Institute (EPRI) and PwC,  includes extensive research on national H2 strategies and interviews with 38 experts from 23 countries. Starting with the publication "Innovation Insights Briefing: Hydrogen on the Horizon: Ready, Almost Set, Go?", the Hydrogen on the Horizon series aims to start a multi-stakeholder, multi-level community dialogue on hydrogen’s role in energy transitions.

Innovation Insights Briefing on hydrogen

The topic of hydrogen is becoming an increasing political priority worldwide. Already 20 countries have published their own hydrogen strategies or plan to complete them in the coming months. More than 30 other countries support pilot and demonstration projects or are discussing selected policy steps for hydrogen use. The World Energy Council has now produced the briefing "Hydrogen on the Horizon: Ready, Almost Set, Go?", which presents hydrogen demand scenarios at country and regional level and identifies prerequisites and barriers for large-scale hydrogen development.

World Energy Issues Monitor 2021

The annual World Energy Issues Monitor provides a unique insight into what energy policy makers, CEOs and leading experts identify as critical uncertainties and priorities for action. In doing so, against the backdrop of the crisis caused by the ongoing COVID 19 pandemic, the energy transition agenda was reshaped and reset by surveying more than 2,500 energy leaders from 108 countries in 2021. The report shows:   For developing and emerging countries, the focus remains on access to energy, especially electricity. In this context, market design issues are also becoming increasingly important.   For industrialized countries, the further expansion of renewables and increasing energy efficiency, i.e., transforming the energy supply toward zero emissions as quickly as possible, are at the top of the agenda. Financing is also seen as a challenge.   In Austria, further economic development, the energy transition and cyber security risks are seen as both uncertain and relevant. Energy storage innovations and carbon abatement represent other relevant topics. Regional integration, decentralization, renewable energy, energy efficiency and urban design were identified as fields of action in Austria.   WEC Austria thanks all participants for their support, combined with the request for further good cooperation.

Innovation Insights – Role of TSO’s in Energy Transition

The energy transition, which entails a fundamental change in the energy supply system, creates new challenges for transmission system operators. In the past, a few large power plants in the transmission grid were responsible for the central provision of energy. Due to the expansion of renewable energies, the number of decentralized power generation facilities is increasing rapidly. These feeders, consumers or storage facilities are mainly connected to the distribution networks. Due to the large number of wind power- and PV systems with mostly weather-dependent generation, a variety of challenges have to be solved. Existing processes must be changed and new technical solutions created. Above all, however, distribution network operators are playing an increasingly important role in the security of electricity supply. At the same time, intensive coordination between distribution and transmission system operators is also becoming increasingly important. This publication is dedicated to the future role of transmission system operators in a flexible energy world and provides recommendations for action.

Innovation Insights – Energy Storage

As the global electricity systems are shaped by decentralisation, digitalisation and decarbonisation, the World Energy Council’s Innovation Insights Briefs explore the new frontiers in energy transitions and the challenges of keeping pace with fast moving developments. We use leadership interviews to map the state of play and case studies across the whole energy landscape and build a broader and deeper picture of new developments within and beyond the new energy technology value chain and business ecosystem. With major decarbonisation efforts and the scaling up of renewable power generation, the widespread adoption of energy storage continues to be described as the key game changer for electricity systems. Affordable storage systems are a critical missing link between intermittent renewable power and a 24/7 reliability net-zero carbon scenario. We interviewed energy leaders from 17 countries, exploring recent progress in terms of technology, business models and enabling policies. We showcase these in 10 case studies.

World Energy Scenarios 2019

The World Energy Scenarios 2019 report provides an update of the Council’s global energy scenarios. The three musically-named scenarios are:  
  • Modern Jazz, which represents a "digitally disrupted" and market-driven innovative world.
  • Unfinished Symphony, a future in which more "intelligent" and circular economic growth models drive clean, affordable and sustainable energy transition and
  • Hard Rock, which explores the consequences of inward-looking policies and weaker and unsustainable economic growth, in a more fragmented world.
The updated World Energy Scenarios provide new insights into the broader and fast-shifting landscape of innovation, which is emerging from within and beyond the energy system and includes not only new energy technologies but also policy, business model and social innovations. The scenarios highlight how different combinations of innovation accelerators –the "Constellations of Disruptions"– might trigger and scale to enable alternative energy pathways and  disrupt existing value chains.