Schneider Electric looks to digitalisation, new partners to tackle rapid electrification

[SINGAPORE] Electricity demand’s unprecedented growth is coming from both technology and sectors undergoing electrification through digitalisation.

From buildings requiring more air-conditioning amid global warming to technology such as electric vehicles and artificial intelligence (AI), today’s demand is a big jump for a world which, for many years, needed electricity only for about 20 per cent of its functions.

Jean-Pascal Tricoire, chairman of energy solutions giant Schneider Electric, believes that in 25 years’ time, the world will be “about 40 to 60 per cent” electric.