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  • Which New Growth Opportunities are Driving the Evolution of Industrial Electrification?
    Multi-stakeholder collaboration & technological innovations to boost electrification of industrial segments

    Research Overview

    Continued concerns over global warming and increasing CO2 levels in our atmosphere undoubtedly transform how we generate, consume, and distribute energy. Governments worldwide are grappling for solutions to mitigate climate change and pave a pathway towards decarbonization. Our transition towards a sustainable future depends on developing alternative energy sources that are renewable and environment friendly.

    Since 2010, industrial carbon emissions have continued to increase compared to other segments (energy sector, transport, buildings and agriculture, forestry and other land uses). Currently, industrial CO2 emissions represent an average of 29% of the global CO2 emissions during an average year. The industrial sector largely depends on fossil fuels to meet their energy demand. Heat makes up two-thirds of industrial energy demand across all industrial processes and almost one-fifth of global energy consumption, almost entirely powered by fossil fuels. Decarbonization of the industrial sector thus requires replacing the fossil fuel-based heating systems. However, this change is difficult across many industrial segments (steel, cement and other metals). Those industrial processes require high temperatures, which can be attained only using a fossil-fuel-based system.

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