Evolving electricity supply and demand to achieve net-zero emissions: Insights from the EMF-37 study

• The electricity sector decarbonizes faster than other sectors • Electrification drives electricity demand growth but the extent varies across models • Electricity share of final energy reaches 17-63% by 2050 in Net-Zero (∼20% in 2020) • Wind and solar generation shares grow to 45-90% by 2050 in Net-Zero • Model results differ regarding technologies that complement solar and wind This paper explores the role of electricity in achieving economy-wide net-zero CO 2 emissions by 2050 in the United States based on results from 17 models as part of the 37th Stanford Energy Modeling Forum (EMF-37). In the study’s Net-Zero scenario, the models use diverse pathways to achieve net-zero emissions by 2050, with gross energy-related residual emissions ranging from 17.2 to 66.6% of 2020 levels. Electricity consistently emerges as central to achieving net-zero, with models projecting rapid electrification of end-uses and rapidly declining CO2 intensity of electricity. However, the extent of electrification and the technology mix to decarbonize the power sector vary considerably across models. In the Net-Zero scenario, electricity is projected to evolve from ∼20% of final energy in 2020 to 17-63% in 2050 across the models driven by electrification in all sectors—buildings, industry, and transportation—and, to a lesser extent by direct air capture. By 2050, total electricity consumption will increase by 24-176% (relative to 2020), accompanied by significant expansion in renewable electricity production. Together, solar and wind generation grows by 175-834%, supplying 45-90% of total electricity in 2050, with wind achieving slightly higher shares than solar. Electricity storage technologies are deployed at scale to support wind and solar generation. The electricity generation mix varies across models: some project almost complete reliance on renewables, while others see a substantial role for natural gas, often with carbon capture and storage. This paper synthesizes the rich diversity of modeling approaches and results, highlighting differing views on how key drivers of electricity demand and supply might evolve.