__________________________________________________________________
south placing strain on infrastructure and resources , making it trickier to reduce greenhouse gas emissions and in turn ramping up energy and power demand . A global drive towards electric vehicles ( EV ) is driving uptake at an even faster rate , putting strain on power grids .
The manufacturing industry , as a core provider of these critical resources , plays a key role in meeting these requirements sustainably . The role of the sector is becoming ever more important as pressures increase for more aggressive targets to reduce and eliminate CO 2 emissions , being called for notably by the UN IPCC in its “ Global Stocktake ” statement in September 2023 . The transition of electricity supply , from renewables ( wind , solar , hydro and geothermal ) and other low carbon options ( nuclear power and natural gas generation coupled with carbon capture ) is a key part of global sustainability strategies . However , to support expanded electrical generation , an estimated investment of over $ 1 trillion a year in grid capacity and capability , distributed renewable generating capacity , transmission and decentralized distribution will be needed . Manufacturers will find they are facing increasing concerns about electric supply reliability impacting their production , as the grids face more and more pressure .
An electric future
For organizations across sectors including chemicals , mining , conventional and green energy , the lithium battery lifecycle , plus power generation and distribution , the move towards electrification is opportunistic . Some of the challenges facing them , however , include the fact that grids must be both expanded and modernized , enabled to rapidly evolve to support distributed ( renewable ) power and power storage , and become more resilient in the face of cyber threats . More manufacturing and commercial organizations are now decarbonizing assets to achieve
38