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Capitalizing on opportunities into the future
The global march to net zero carbon emissions is certainly ramping up , with more countries committing to stringent targets and objectives . It ’ s providing a bright future for electrification and offering new opportunities to many manufacturing organizations to carve out a competitive edge and achieve true market differentiation .
As an example , manufacturers can bring in new equipment and processes to achieve greater efficiencies . Among all this is the ability to bring down operating costs as expensive fossil fuels make way for electricity . With more resilient and stronger grids being deployed , developing regions are able to sidestep traditional approaches to power and take on full-scale adoption of renewable power for cheaper , wide-scale access to energy .
To tap into the electrification opportunity , digital software provides the foundation for wide-scale adoption of electricity as a power source , while giving choice in terms of technologies deployed to enable regional and microgrids on a global scale . ■
For a list of the sources used in this article , please contact the editor .
Ron Beck www . AspenTech . com
Aspen Technology ( AspenTech ) is a global software leader helping industries at the forefront of the world ’ s dual challenge to meet the increasing demand for resources from a rapidly growing population in a profitable and sustainable manner . AspenTech solutions address complex environments where it is critical to optimize the asset design , operation and maintenance lifecycle . Through our unique combination of deep domain expertise and innovation , customers in asset-intensive industries can run their assets safer , greener , longer and faster to improve their operational excellence . manufacturing-today . com 41