# Modernizing Energy Consumption ## Mission To bridge the gap between energy consumers and the power ecosystem by defining the pillars of 21st-century energy consumption - driven by increased electrification, enhanced efficiency, and process transformation. ## Context Current energy system planning and development approaches will be increasingly challenged to accommodate rising load from electrification, expansion of key sectors (e.g., data centres), and integrating exponentially growing clean power generation resources. The world can meet its energy goals by implementing system changes that efficiently integrate the energy supply and demand sides, creating a more flexible, reliable and multistakeholder system at acceptable cost. ## Our ambition The Modernizing Energy Consumption initiative is convening a multi-stakeholder community, including energy consumers and grid operators, to identify system changes needed to foster better alignment on grid planning, upgrade and expansion and reward flexibility. ### 1. Drive Vision and Consensus Establish a shared vision for the 21st century energy system.Develop a framework that supports the energy transition for consumers, identifying key actions and strategies to create a dynamic, bi-directional system. ### 2. Mobilize Action Identify priority locations and optimize planning for future grid infrastructure to ensure secure, resilient connectivity.Foster alignment among stakeholder to accelerate the adoption of adaptable energy systems that meet evolving need. ## Insights Learn from insights gathered during multistakeholder workshops. ## Achieving 24/7 Clean Power Procurement and Consumption in Industry This briefing paper outlines insights on clean energy procurement and closer matching of power supply and demand to move towards a 24/7 clean power consumption strategy. World Economic Forum, in collaboration with Accenture I June 2024 [Read the Report ](https://www3.weforum.org/docs/WEF_MODERNIZING_INDUSTRIAL_ENERGY_DEMAND_2024.pdf) ## Industrial Electrification: Strategies and Policies for Europe This briefing paper outlines strategies and enablers to strengthen the business case and markets for industrial electrification in Europe.World Economic Forum, in collaboration with Accenture I November 2024 [Read the Report](https://initiatives.weforum.org/clean-power-and-electrification/industrial-electrification) ## Regional Insights: China In recognition of China's unique industrial, civil, and governmental landscape, an expert working group focused on Chinese industry was created. It explored two approaches for industrial sectors to adopt clean power solutions for decarbonization and electrification support:(1) Transitioning to clean power generation, and (2) Scaling green power procurement.Both approaches face several key challenges. However, there are corresponding policy and market-based activities in place or being planned to address these challenges. [Learn More](https://initiatives.weforum.org/clean-power-and-electrification/china) ## Clean Power for Industry in China: Policy Enablers for the Industrial Sector The industrial sector in China accounts for more than half of global production of many key bulk materials such as steel, aluminum and cement, and nearly half of all chemicals and paper. This white paper presents 10 policy options for consideration to scale up clean power deployment in the sector.World Economic Forum, in collaboration with Accenture I November 2024 [Read the Report](https://www.weforum.org/publications/clean-power-for-industry-in-china-policy-enablers-for-the-industrial-sector/) ## Related insights [Explore](https://initiatives.weforum.org/clean-power-and-electrification/insights) ## Featured Content ### AI and energy: Will AI help reduce emissions or increase demand? Here's what to know Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit. [Read more](https://www.weforum.org/agenda/2024/07/generative-ai-energy-emissions/) ### Data volume is soaring. Here's how the ICT sector can sustainably handle the surge. Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit. [Read more](https://www.weforum.org/agenda/2024/05/data-growth-drives-ict-energy-innovation/) ### The chemical industry: What investments need to be made to get to net zero? Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit. [Read more](https://www.weforum.org/stories/2024/01/how-next-decade-define-transformation-chemical-industry/) ### How electrification can help with net zero Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit. [Read more](https://www.weforum.org/stories/2024/02/how-electrification-can-help-with-net-zero/) ### Industrial electrification is a joint venture: why collaboration across sectors is key Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit. [Read more](https://www.weforum.org/stories/2024/03/how-industrial-electrification-relies-on-collaboration-across-sectors/) ### Governments could be the gateway to industrial electrification and a sustainable future Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit. [Read more](https://www.weforum.org/agenda/2024/04/governments-could-be-the-gateway-to-industrial-electrification-and-a-sustainable-future/) ### 4 innovative ways to harness waste data centre energy Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam, quis nostrud exercitation ullamco laboris nisi ut aliquip ex ea commodo consequat. Duis aute irure dolor in reprehenderit in voluptate velit. [Read more](https://www.weforum.org/agenda/2024/02/harnessing-waste-energy-data-centres/)