Innovation outcomes for future power systems TABLE 1 Outcomes for power systems Outcome description Example of innovation contributions Sustainability Accelerates decarbonization by integrating renewables, cutting emissions and improving resource efficiency. –Integration of renewables (solar, wind, hydro) –Energy efficiency solutions –Circular design and resource optimization –Low-carbon fuels and electrification Affordability Reduces costs for both system and consumers through efficiency gains and smarter asset use, making the transition cost-effective. –Operational and capital cost reduction –Lower consumer bills –Asset optimization and life-extension –Reduced reliance on subsidies Reliability and flexibility Maintains a secure and stable supply while adapting to variability from renewables and new demand sources. –Accurate forecasting and scheduling –Automation and system flexibility –Frequency and voltage stabilization –Integration of “prosumers” and distributed resources4 System resilience Strengthens the system’s capacity to withstand and recover from extreme weather, physical disruptions and cybersecurity incidents. –Backup capacity and emergency response –Climate adaptation measures –Cybersecurity and data protection –Trusted digital platforms ensuring data integrity and auditability Business value Creates incentives for investment and clean electricity use and commercial adaptation by demonstrating competitive advantage and long-term returns. –Bankable business models –Scalable private sector participation –Investor confidence and ROI –Price signals and competitive advantage for adopters Socio-economic impact Ensures a just and inclusive transition by creating jobs, supporting communities and expanding equitable access to energy. –Job creation, upskilling and workforce safety –Universal energy access –Community engagement and local economic development –Fair participation of stakeholders Institutional efficiency and transparencyBuilds efficient, transparent and trusted frameworks that align innovation with effective governance and stable policy. –Transparent pricing and market signals –Clear permitting and approval processes –Supportive market design and rules –Stable, clear and visible policies for investors’ confidence –Institutional capacity and regulatory trust Electricity Reinvented: How Innovation is Transforming the Future of Power Systems 6

Electricity Reinvented 2026