Electrification is being hailed as a pillar of the so-called Fourth Industrial Revolution. Along with digitalization, it’s touted as the harbinger of new efficiencies into supply chains and the platform for new public policy. It will radicalize the design of everything from our power grids and roadways to vehicles and urban centres.
The need for a truly revolutionary approach to power couldn’t be starker: by 2030, 1 billion more people will be living on earth than today, with 6 billion annual flyers and an astonishing 5 billion people residing in cities.
Electrification has gripped the imagination of companies looking to address this rapidly-changing world. It offers the opportunity for sustainable growth, reduced carbon emissions and a new, fundamental change in the way we power the world around us.
The ability to harness and advance the power of electricity will depend on a company’s technological breakthroughs and understanding of market forces, regulatory demands, environmental necessity, population growth and consumer preference.
With over a century of innovation-driven success behind us, we’re well-equipped to deliver against all of these demands.