ING says grid congestion risks slowing electro-tech revolution as power demand surges

• ING Wholesale Banking flagged grid congestion as a key bottleneck for electrification, forcing power producers and large users into multi-year connection queues.
• In several developed markets, new grid connections can take 4-9 years, raising delay risk for power projects, data centers, and industrial expansion.
• The IEA expects new electricity uses to add more than 10,000 TWh of demand between 2024 and 2035, intensifying strain on networks.
• ING estimated near-term measures such as demand-side flexibility and transmission upgrades could unlock up to 1,600 GW of additional global capacity.
• Europe’s Grid Package targets EUR 472 billion to lift transmission capacity 50% by 2040, while China retains an edge from faster buildout.

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