The Electrotech Revolution

The shape of things to come

Dear all,

Today, we launch our annual slidedeck – The Electrotech Revolution.

In the slidedeck, we chart how a cluster of electrotechnologies is revolutionising the supply, use and connectivity of electricity. We examine the rise of electrotech thus far; the peaking of fossil fuel demand; the fundamental drivers of change; and what this means for the energy system and its participants – from corporates to investors to nations.

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We are hosting two webinars today: Asia, Africa, Europe at 9am UTC (10am London) and Americas at 4pm UTC (12pm New York). Sign up here.

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The argument we lay out in the report is as follows:

Humanity is graduating from burning fossil commodities to harnessing manufactured technologies – from hunting scarce fossils to farming the inexhaustible sun, from consuming Earth's resources to merely borrowing them.

This isn't a marginal climate substitution. It's an energy revolution.

The magnetic centre is the electron: we are revolutionising how we generate, use, and connect electrons. Solar and wind are conquering electricity supply. EVs, heat pumps, and AI are electrifying major new uses. Batteries and digitalisation are connecting supply and demand.

Three reinforcing shifts. One energy revolution. The electrotech revolution.

At its core, this revolution is driven by physics, economics, and geopolitics. After all, the arc of energy history bends towards solutions that are leaner, cheaper and more secure.

Short-terms setbacks matter, but fundamentals matter more. And the fundamentals are stacked in electrotech's favour.

Physics. Electrotech makes a mockery of setting fossils on fire and losing two-thirds of the energy to heat. Electrotech is three times as efficient.

Economics. Technologies get cheaper with scale. Commodities get more expensive the deeper you dig.

Geopolitics. Three quarters of the world is dependent on fossil imports. 92% of countries have renewables potential over 10x their current demand.

Electrotech has grown exponentially for decades. The difference today is that it's too cheap to contain and too big to ignore. If current exponentials hold for five more years, global fossil demand will fall off its plateau.

There are over one hundred slides in the deck which we encourage you to dive into, and we look forward to hearing your thoughts.