Budget 2021-22 is a mixed bag in terms of support for India’s transition to a sustainable, low carbon economy.

Based on assessments of energy venture capital deal flow, market analyses, and conversations with industry insiders, below are four indisputable utility sector trends -- regardless of whether the 2020 craziness repeats itself -- and the emerging, venture-backed technologies on the market to support the energy transition in 2021.

Combined, they accounted for or 22,451 megawatts (MW) or more than three-quarters (78.09%) of the 28,751 MW of new utility-scale capacity reported to have been added last year. Wind (13,626 MW) and solar (8,543 MW) each contributed more new generating capacity than did natural gas (6,259 MW).

China grid companies will steadily increase the amount of power purchased from clean generation sources from 28.2% in 2020 to 40% by 2030,

the share of renewables in the U.S. electricity generation mix will increase from 21% in 2020 to 42% in 2050.

When we shut down the natural gas network and the use of fossil fuels our only source of energy will be electricity, and if 80% or more comes from wind and solar, we are more vulnerable than we were in the 1970s when the oil embargo happened.

A new generation of smaller reactors will gain traction in 2021 and demonstrate the big advantages of a smaller approach.

The evolution to a more digital and carbon-free grid and industry will continue.

Poland currently produces most of its electricity from coal and is the only EU member state that has not joined the commitment to achieve climate neutrality by 2050,

Nuclear power will be essential if Japan is to reach its goal of net-zero carbon emissions by 2050,

The hydrocarbon beast doesn’t need to be starved, but a diet might be a good idea.

Wind-powered electricity has increased in the United States as more wind turbines have been installed in recent years.

The main priority for the government is the construction of medium-sized and large hydropower plants because they will provide sustainable energy during the energy transition period, she noted.

According to the Ministry of Energy of Chile, 94 power projects with a combined capacity of 6,016 MW are expected to be connected to the National Electric System in 2021, for a total investment of over US$10,450m.

The two companies will also establish a strategic partnership in the US offshore wind sector, seeking new opportunities.