Electrification and AI drive businesses to seek clean energy self-sufficiency
70% of firms plan to invest in on-site generation and battery storage in the next three years.
With electrification and artificial intelligence seen as crucial to the next phase of business growth, many companies are seeking more control over their clean energy supply, according to a new report.
With global electricity demand set to double in the next 25 years – and three quarters of this growth coming from businesses – companies are actively preparing for the next phase of the energy transition. According to an EY survey of 2,400 business leaders across large and mid-sized enterprises, more than 70% of firms plan to increase their focus on electrification, emissions reduction, and energy cost management in the next three years.
