1. GCC Energy Strategies to achieve net-zero by 2050-2060 introduce a profound change in the nature of the power systems with high level of variable and intermittent renewable energy, which requires solutions to operational challenges affecting flexibility and overall system resilience.
2. The increased deployment of Invertor Based Resources such as solar and wind causes reduced system inertia and introduce new types of system instabilities, which require innovative solutions such as Automatic Dynamic Stability Assessment, as well as Battery Energy Storage Systems.
3. It is necessary to establish GCC Energy R&D Centers to develop Renewable and Storage innovations to support Member States Energy Transition objectives towards net-zero targets.
4. It is emphasized that Artificial Intelligence (AI) shall play a crucial role in the Grids-of-the-Future towards optimized, resilient, and secured power systems.
5. There is an increased role of IoT (Internet of Things) in creating a more interconnected and responsive smart grid, enhancing monitoring and control capabilities for Future Grids.
6. Ancillary Services Markets are needed to compliment the transition to more competitive markets in the GCC.
7. Despite the fact that Levelized Cost of Energy (LOCE) is a generally accepted metric for evaluation of auctions for renewable energy projects, other methodologies for evaluating RES auctions, such as reverse auctions, pay-as- bid and marginal prices, introduce a more optimized selection method for renewable energy projects.
8. There is a need to enhance grid cybersecurity measures and strategies for safeguarding smart grid infrastructures, ensuring a resilient and secure energy ecosystem.
9. Special Protection Schemes (SPS) are becoming more important to meet the stability and security requirements of the grid in a rapidly evolving complex power systems.
10. It is emphasized that GCC Power utilities consider the shift from time-based to condition-based maintenance considering the available technologies and the cost effectiveness.
11. It highly recommended that the GCC power companies build a platform for exchange of experience and knowledge about Asset Management best practices and lessons learned.
12. It is emphasized that GCC Power utilities consider the shift from time-based to condition-based maintenance considering the available technologies and the cost effectiveness.
13. It highly recommended that the GCC power companies build a platform for exchange of experience and knowledge about Asset Management best practices and lessons learned.
14. Efforts shall continue to increase the participation of Women in Energy as women Engineers in the GCC are transforming the region's workforce and making strides in taking leading roles in the Energy sector, as a result of government policies, organizational practices, and individual initiatives.