Facing a Staggering US$1.73 Trillion Global Energy Bill, Enterprise Will Spend US$70 Billion in Smart Energy Solutions by 2030 to Achieve Renewable Power and Energy Independence
NEW YORK, June 6, 2023 /PRNewswire/ -- Escalating energy prices pose a formidable obstacle to businesses and industries worldwide. By 2023, those prices will surge to a global US$1.73 trillion enterprise spend on electricity consumption (which considers the electrification acceleration of vehicle fleets and robots). As a result, businesses are compelled to reassess their energy purchase agreements with utilities, contemplate installing renewable microgrid systems, and prioritize energy efficiency. To do so, enterprises will spend a stunning US$70 billion on smart energy solutions by 2030.