Electrify. Electrify. Electrify.
The future is increasingly electric. Are we ready?
Electricity plays a larger role in every plausible energy future explored in Statkraft’s Green Transition Scenarios 2026.
Global Outlook | Europe | Nordics | USA | Brazil
By 2050, global electricity demand could grow by 48% to more than 100%, while renewables could supply 62% to 80% of global electricity.
But producing more renewable power is only part of the answer. The countries and companies that connect, store, move and use electricity most effectively will be better positioned to compete in the emerging electricity economy.
Explore four plausible pathways to 2050 and the choices shaping energy security, competitiveness and resilience.
Four scenarios. Global, European, Nordic, Norwegian and regional perspectives. One report.
The Iran war has created a global energy shock: how is this different from previous oil shocks?
A more difficult world. A transition that continues.
Geopolitical tension, fragmented trade and political uncertainty could slow the energy transition. But across all four scenarios, renewables continue to grow because they are increasingly competitive and can strengthen energy security.
Politics will influence how fast, efficiently and evenly the transition unfolds. It will not determine whether renewable power continues to expand.
At the same time, the role of electricity grows in every scenario. The question is no longer only how much renewable energy the world can generate. It is whether power systems, infrastructure and markets can develop quickly enough to use it effectively.
What does “Electrify” mean?
Electrification is about more than electric vehicles, heat pumps or industrial processes. It includes building the entire electricity economy.
What does “Electrify” mean?
Electrification is about more than electric vehicles, heat pumps or industrial processes. It includes building the entire electricity economy.
Electrify.
More efficient use of energy
Electrify transport, buildings and industry to improve efficiency and reduce dependence on fossil fuels.
Electric vehicles, heat pumps and electrified industrial processes can deliver the same outcome using significantly less energy than fossil fuel alternatives.
Use electricity more efficiently.
Electrify.
Generate more renewable power
Expand renewable generation to meet growing electricity demand and strengthen energy security.
Electrify power systems with renewable generation.
Wind, solar and hydropower increasingly become the backbone of electricity supply across all Green Transition Scenarios.
Generate more clean electricity.
Electrify.
Connect the infrastructure
Build grids, storage, flexibility and interconnectors so electricity can move to where and when it is needed.
Electricity only creates value if it can move from where it is generated to where it is needed.
Grids, interconnectors and digital infrastructure become increasingly important as electricity demand grows.
Move electricity where it matters.
Electrify.
Enable the markets
Reward flexibility, innovation and smarter use of energy so the electricity system can operate efficiently.
The transition is no longer only a question of producing more clean power. It is a question of connecting, storing, moving and using electricity effectively.
Storage, flexibility, balancing services and smarter market design help power systems operate efficiently.
The future is not simply powered by electricity.
It is coordinated by intelligent electricity systems.
Make electricity work harder.
Electrify.
More efficient use of energy
Electrify transport, buildings and industry to improve efficiency and reduce dependence on fossil fuels.
Electric vehicles, heat pumps and electrified industrial processes can deliver the same outcome using significantly less energy than fossil fuel alternatives.
Use electricity more efficiently.
Electrify.
Generate more renewable power
Expand renewable generation to meet growing electricity demand and strengthen energy security.
Electrify power systems with renewable generation.
Wind, solar and hydropower increasingly become the backbone of electricity supply across all Green Transition Scenarios.
Generate more clean electricity.
Electrify.
Connect the infrastructure
Build grids, storage, flexibility and interconnectors so electricity can move to where and when it is needed.
Electrify infrastructure.
Electricity only creates value if it can move from where it is generated to where it is needed.
Grids, interconnectors and digital infrastructure become increasingly important as electricity demand grows.
Move electricity where it matters.
Electrify.
Enable the markets
Reward flexibility, innovation and smarter use of energy so the electricity system can operate efficiently.
The transition is no longer only a question of producing more clean power. It is a question of connecting, storing, moving and using electricity effectively.
Storage, flexibility, balancing services and smarter market design help power systems operate efficiently.
The future is not simply powered by electricity.
It is coordinated by intelligent electricity systems.
Make electricity work harder.
Four futures. Decisions that matter now.
The future is not predetermined.
Green Transition Scenarios 2026 explores four plausible pathways shaped by geopolitical cooperation, policy, technology, infrastructure and market development.
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Green
Faster cooperation, deployment and system integration accelerate the transition.
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Gridlock
Renewable generation continues to grow, but infrastructure and permitting constraints slow progress.
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Uneven Progress
Some regions and technologies advance faster than others, creating a fragmented transition.
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Unrest
Political and economic disruption slows momentum, but competitive renewable technologies continue to expand.
Together, the scenarios show the range of possible outcomes, and where decisions made today could have the greatest impact.
Brazil
Clean electricity alone is not enough
Brazil demonstrates one of the most important lessons from Green Transition Scenarios 2026.
The country already has one of the cleanest electricity systems among major economies, powered largely by hydropower, wind and solar. Yet transport remains heavily dependent on oil and electricity still accounts for only around 20% of final energy consumption.
The lesson is clear: the transition is not only about producing clean electricity. It is about using clean electricity across the economy.
A clean power system cannot fully deliver energy security, resilience and competitiveness if transport, buildings and industry still depend on fossil fuels.
Electrify generation. Electrify transport. Electrify demand.
Electrify. Electrify. Electrify.
North America
The AI race is becoming an electricity race
Data centres can be built in years. Grid infrastructure often takes much longer.
Across our scenarios, electricity demand in North America grows significantly as AI, digital infrastructure and industry place increasing pressure on power systems.
The challenge is not only generating electricity. It is delivering electricity where and when it is needed.
Electrify infrastructure. Electrify flexibility. Electrify growth.
Electrify. Electrify. Electrify.
Nordics
The Nordic surplus cannot be taken for granted
The Nordic region remains one of the world's cleanest and most integrated electricity systems.
Yet electricity demand is beginning to rise again from transport, industry and data centres. In some scenarios, demand grows faster than supply, tightening the historic power surplus.
Success increasingly depends on how quickly generation, transmission and demand can develop together.
Electrify supply. Electrify industry. Electrify infrastructure.
Norway
Norway has resources. But does it have the speed?
Demand could grow faster than supply towards 2030. More domestic generation and stronger internal grid capacity will be needed.
Electrify generation. Electrify grids. Electrify opportunity.
Electrify. Electrify. Electrify.
Hear from the experts
The findings behind the scenarios
In this short series, Statkraft’s analysts explain what the scenarios reveal about emissions, electrification, renewable growth and the infrastructure needed to support the emerging electricity economy.
2°C, 3°C, or something else? How hot is the world really heading?
Have we lost the climate battle? Energy-related CO₂ emissions flatten in the coming years and then begin to decline across all four scenarios. But how far can they fall, and what could that mean for future warming?
In this short video, Mari Grooss Viddal, Head Advisor in Corporate Strategy & Analysis at Statkraft, explains why every degree, and every fraction of a degree, still matters.
Why clean electricity is only the beginning?
South America already runs one of the cleanest electricity systems in the world. So why is it still so exposed to oil shocks? In this short video, Jorge Luiz Garioli Correa, Senior Renewable Energy Analyst at Statkraft, explains why the next phase of the energy transition is not only about generating clean electricity, but about connecting transport and demand to that electricity system.
Electrify everyday energy
Electric cars and heat pumps can deliver the same services we rely on every day while using far less energy. In this short video, Heidi Pegill Haugstad, Senior Analyst, Corporate Strategy at Statkraft, explains why efficiency may be one of the most overlooked benefits of electrification.
The findings behind the scenarios
In this short series, Statkraft’s analysts explain what the scenarios reveal about emissions, electrification, renewable growth and the infrastructure needed to support the emerging electricity economy.
Why clean electricity is only the beginning?
South America already runs one of the cleanest electricity systems in the world. So why is it still so exposed to oil shocks? In this short video, Jorge Luiz Garioli Correa, Senior Renewable Energy Analyst at Statkraft, explains why the next phase of the energy transition is not only about generating clean electricity, but about connecting transport and demand to that electricity system.
Electrify everyday energy
Electric cars and heat pumps can deliver the same services we rely on every day while using far less energy. In this short video, Heidi Pegill Haugstad, Senior Analyst, Corporate Strategy at Statkraft, explains why efficiency may be one of the most overlooked benefits of electrification.
2°C, 3°C, or something else? How hot is the world really heading?
Have we lost the climate battle? Energy-related CO₂ emissions flatten in the coming years and then begin to decline across all four scenarios. But how far can they fall, and what could that mean for future warming? In this short video, Mari Grooss Viddal, Head Advisor in Corporate Strategy & Analysis at Statkraft, explains why every degree, and every fraction of a degree, still matters
The numbers behind the age of electricity
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+48% to more than +100%
Potential growth in global electricity demand by 2050 across the four scenarios.
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62% to 80%
Potential renewable share of global electricity generation by 2050.
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20% to 56% lower
Potential reduction in global energy-related CO₂ emissions from today’s level by 2050.
Every scenario
Electricity and renewable power grow even as geopolitical and policy conditions differ.
Get the full analysis
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