INDUSTRY X . 0
“ Only 25 % of Fortune 500 companies have made public commitments to achieving net zero ”
ROHAN KELKAR EVP OF GLOBALPOWER PRODUCT , SCHNEIDER ELECTRIC
process of creating these localised solutions approach , particularly in countries in Singapore that is impacted by rising sea levels and at greater risk of supply chain issues .
How saving ' US $ 18-33bn ' ( annual costs of severe weather in the US alone ) can be saved through localisation One of the biggest issues facing our generation is climate change . In 2022 , 10 extreme weather events caused more than approximately $ 3bn worth of damages each . Though we are seeing real progress towards protecting the planet take shape at scale , we must ensure that energy is used efficiently with the help of digital and electric solutions – or Electricity 4.0 – to remain on target to be net-zero by 2050 .
As extreme weather events increase in frequency and severity , the resilience of distribution grids are crucial , as critical services such as emergency departments and social infrastructure being cut off from power can have disastrous , costly effects .
We can increase the grid ’ s resilience to extreme weather by investing in transforming the grid into a smart , bi-directional , decentralised energy grid of the future . This would allow us to better leverage technology in the grid to predict the location of impact , reroute the energy , and mobilise repair resources – keeping operational costs and
energydigital . com 49