Close Menu
Invest Insider News
    Facebook X (Twitter) Instagram
    Sunday, August 9
    Facebook X (Twitter) Instagram Pinterest Vimeo
    Invest Insider News
    • Home
    • Bitcoin
    • Commodities
    • Finance
    • Investing
    • Property
    • Stock Market
    • Utilities
    Invest Insider News
    Home»Utilities»Global utilities unite to tackle clean energy supply chain bottlenecks
    Utilities

    Global utilities unite to tackle clean energy supply chain bottlenecks

    June 23, 20263 Mins Read


    Global utilities and major power equipment manufacturers have pledged coordinated action to ease mounting supply chain pressures that are slowing the expansion of electricity grids worldwide.

    The commitment, announced by members of the Utilities for Net Zero Alliance (UNEZA), focuses on harmonising fragmented equipment standards and improving demand visibility as global electrification accelerates.

    UNEZA members, which include some of the world’s largest utilities, are expected to require nearly 90,000 kilometres of transmission cable by 2030, more than twice the Earth’s circumference, and over 270 high-voltage transformers.

    Current manufacturing capacity is unable to meet this surge in demand, with transformer delivery times now exceeding three years.

    Industry leaders say bottlenecks in production and raw materials have become a key barrier to the speed and cost of grid development.

    The statement was issued on the sidelines of London Climate Action Week following a high-level roundtable co-hosted by UNEZA and the Global Clean Power Alliance, with support from the International Renewable Energy Agency and climate leadership bodies.

    UNEZA operates under the guidance of international climate organisations and brings together 85 member utilities globally.

    At COP30, the alliance raised its annual clean energy investment target to $148 billion and launched a supply chain delivery mechanism focused on pooled procurement.

    Its current project pipeline exceeds $1 trillion through 2030, including major transmission infrastructure requirements such as overhead and underground cables, transformers, and substations.

    To address challenges, UNEZA members agreed on five priority actions, including publishing annual demand forecasts, harmonising technical standards, supporting pooled procurement, developing unified specifications, and advancing joint innovation programmes.

    The initiative aims to reduce procurement risks, stimulate manufacturing investment, and accelerate delivery of critical grid infrastructure.

    UNEZA said the roadmap will continue to be developed ahead of COP31, in collaboration with governments and industry partners, to strengthen global energy security and support the transition to clean power systems.

    Khalifa Al Mheiri – Chief Strategy & Investment Officer, TAQA Transmission, said: “As a utility investing in the next generation of electricity networks, TAQA recognises that delivering the energy transition at the pace the world requires depends not only on investment, but on our ability to strengthen and modernise global supply chains. Through UNEZA, utilities are taking practical action to improve coordination, harmonise technical approaches and explore pooled procurement models that provide greater certainty for suppliers while helping utilities deliver critical infrastructure faster, more efficiently and at lower cost. Collaboration across the value chain will be fundamental to building resilient electricity systems that support long-term energy security and net-zero ambitions.”

    Francesco La Camera, Director-General of the International Renewable Energy Agency (IRENA) said: “We have spent the past decade proving that renewables can be deployed at scale. That case is made. The challenge now is ensuring grids and supply chains keep pace to deliver clean power reliably to homes, industries and communities. As electrification takes center stage in the next phase of the transition, with IRENA calling for a global electrification target of 35% by 2035, resilient supply chains will be essential. Initiatives such as the Utilities for Net Zero Alliance and the Global Clean Power Alliance show the value of governments, utilities and industry working together to accelerate progress while enhancing energy security and system resilience.”

    Copyright 2026 Al Hilal Publishing and Marketing Group Provided by SyndiGate Media Inc. (Syndigate.info).



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email
    Previous ArticleStock Market Live Updates Today: Will BSE Sensex, Nifty50 resume uptrend after profit booking? Crude oil prices down
    Next Article Bitcoin crashes completely – but a tech giant makes the deal of a lifetime

    Related Posts

    Utilities

    United Utilities in Top 100 apprenticeship employers

    August 8, 2026
    Utilities

    Utilities Down as Flight From Sector Continued — Utilities Roundup

    August 5, 2026
    Utilities

    Utilities threaten action if lawmakers fail to cut their wildfire liability risk

    August 5, 2026
    Leave A Reply Cancel Reply

    Top Posts

    How is the UK Commercial Property Market Performing?

    December 31, 2000

    How much are they in different states across the US?

    December 31, 2000

    A Guide To Becoming A Property Developer

    December 31, 2000
    Stay In Touch
    • Facebook
    • YouTube
    • TikTok
    • WhatsApp
    • Twitter
    • Instagram
    Latest Reviews
    Investing

    Semiconductor Index Hits Extreme Overbought Levels: What History Signals Next

    April 27, 2026
    Stock Market

    Stock Market Today (LIVE): Sony Hikes PS5 Prices Again; Altria Benefits Due to Recession Resistance

    March 27, 2026
    Bitcoin

    SEC Drops Investigation of Bitcoin L2 Stacks Builder Hiro, Filing Says

    July 12, 2024
    What's Hot

    Ripple (XRP) vs Mutuum Finance (MUTM): Which is the best crypto to buy now for a 5,000% profit?

    December 10, 2025

    FCA car finance scheme suspended and thrown into doubt as dates given for legal challenge from law firm and lenders

    July 2, 2026

    Ocado opens door to quitting ‘tough’ London stock market

    July 16, 2024
    Most Popular

    Lingering Geopolitical Uncertainty Requires a Crude Rethink

    February 27, 2026

    L’Université Brown devient la première école de la Ivy League à investir dans un ETF Bitcoin

    May 2, 2025

    ‘Open Up The Floodgates’—A BlackRock Price Bombshell Is Suddenly Hurtling Toward Bitcoin And Crypto

    September 20, 2025
    Editor's Picks

    Why is Bitcoin stuck below $80,000?

    April 27, 2026

    Crowdstrike shares plunge, but stocks shrug off outage to resume drop

    July 19, 2024

    Sensex Today | Nifty 50 | Stock Market Highlights | Closing Bell: Sensex slumps 830 pts, Nifty below 23,650; M&M, Maruti drop 4% each

    March 12, 2026
    Facebook X (Twitter) Instagram Pinterest Vimeo
    • Get In Touch
    • Privacy Policy
    • Terms and Conditions
    © 2026 Invest Insider News

    Type above and press Enter to search. Press Esc to cancel.