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Believe in the power of electrification to unlock our industrial future

01 May 2024

Industry accounts for a third of all global energy usage, driven mostly by energy-intensive processes that rely heavily on fossil fuels. This path, as we know, is unsustainable. In 2024, increasingly pressing climate goals, regulations, economic difficulties, and volatile energy prices and supplies continue to demand industry change.

Now, as we build a more digital and electric world in the age of Electricity 4.0, this offers a myriad of opportunities for industrial growth, whilst simultaneously securing a sustainable future for our planet and its people. Yet, over three-quarters of the industrial sector's energy use is still not electrified, with only a tiny proportion of oil refineries’ energy use being electrical.

We’re at a frontier in 2024. Technology, the economy, and environmental urgency are making the strongest case for industrial electrification ever. The good news is that managing energy demand through electrification and digitisation in industries like oil refining, steel, glass, chemicals and petrochemicals, and food & beverage is one of the best and fastest ways to unlock lasting benefits. 

Here’s why and how industry leaders should electrify now.

Read the full article in DPA's May 2024 issue

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