World energy markets are poised at a tipping point. Within this century, energy generation and distribution as we know it will cease to exist. Driven by massive electrification (and its ensuing demand), calls for deep decarbonization in response to the climate crisis, and the desire to decentralize energy in response to advances in technology, the energy transformation is inevitable.
At the heart of this transformation is the need for greater resilience and, with it, increased reliability. Faced with challenges like severe weather events, extreme temperatures, value chain disruption, and fluctuating power supply and price, many companies are seeking to improve energy security and responsiveness to “future-proof” their operations.