The Electrotech Revolution

The Electrotech Revolution is a good read & a great slide deck - here are the three take-home bullet points:

1. Physics: Electrotech makes the energy system more efficient. Electrotech is around three times more efficient than fossil fuel systems, which waste two-thirds of primary energy inputs (380 exajoules) as heat at a cost of $5 trillion every year. Solar and electrification enable us to harness the power of the sun, which gives access to 100 times as much energy as fossil fuels. 
2. Economics: Electrotech gets cheaper as it scales. Fossil fuel commodities get more expensive as extraction continues, and their prices are elevated by major producers controlling the supply. Electrotech is manufactured and modular, resulting in clear technology learning curves, with costs falling by around 20% every time deployment doubles. Electotech is already capturing two-thirds of global energy investment and is responsible for all the expected growth in energy jobs. Electrotech contributed 10% of global GDP growth in 2023, including 22% in China, 5% in India, 30% in the EU and 7% in the US.
3. Geopolitics: Electrotech enhances independence and security. 80% of the world lives in fossil fuel importing countries, with over 50 countries importing more than half their primary energy as fossil fuels. In contrast, 92% of countries have renewables potential over ten times their current demand. Replacing imported fossil fuels using three key levers—EVs, heat pumps and renewables—can cut net fossil fuel imports by 70%, saving $1.3 trillion globally each year. Once electrotech is bought, it lasts for decades, providing insulation from the vagaries of global pricing. When fossil flows stop, the economy stops. When electrotech flows stop, only growth is at risk.