Schneider Electric looks to digitalisation, new partners to tackle rapid electrification
Electricity demand’s unprecedented growth is coming from both technology and sectors undergoing electrification through digitalisation.
From buildings requiring more air-conditioning amid global warming to technology such as electric vehicles and artificial intelligence (AI), today’s demand is a big jump for a world which, for many years, needed electricity only for about 20 per cent of its functions.
Jean-Pascal Tricoire, chairman of energy solutions giant Schneider Electric, believes that in 25 years’ time, the world will be “about 40 to 60 per cent” electric.
Decoding Asia newsletter: your guide to navigating Asia in a new global order. Sign up here to get Decoding Asia newsletter. Delivered to your inbox. Free.
