David Hall of Schneider Electric highlights five trends to watch for power and utility firms this year
The global shift towards more climate-conscious energy efficiency has accelerated the need for sustainable technology to deliver a cleaner, greener, and fairer energy system.
The UK’s 2050 net-zero pledge deadline looms. Together, the IPCC’s latest report on climate change, COP26 and the UK government’s 10-point-plan for a green industrial revolution have added greater focus. Businesses and consumers alike have a growing appetite for sustainable initiatives. Technologies for renewable electricity generation, energy storage and power grids are essential to decarbonise existing supply and meet growing electricity demand from rapid electrification of buildings, transport, and industry. Clean technology, modern power systems and green energy sources present a vast investment opportunity for businesses. Considering this, we predict the top five trends that will fuel the next stage of the energy management revolution in 2022.
Electric vehicles accelerate drive to low-carbon future
The UK government has already set a clear direction for the industry by banning the sale of new petrol and diesel cars by 2030 and trucks by 2040 to reduce carbon emissions and stimulate the “green economic recovery”. As the adoption of EVs accelerates, however, the added pressure they place on ageing electricity networks will continue to increase. Energy companies and the government must incentivise the transition to electric vehicles towards a low carbon future. A big part of this is ensuring that the infrastructure and power supply match the demand for EVs. Work is underway to put in place a more resilient foundation to connect […]