Government regulations and financial incentives to establish clean, renewable connected energy ecosystems are a powerful driver for change. These are creating new power consumption and generation models, leading to a rapidly evolving connected energy ecosystem with clean, renewable electrical power generation and storage technology integrated into buildings.
By combining these with other smart building technologies, even more energy efficiency and cost reductions can be achieved. This results in an energy efficient building ecosystem that automatically self-optimizes to maximize user comfort while reducing carbon emissions, building operations and maintenance costs.
Electrification of transport is another significant part of the connected energy ecosystem. Although electric vehicles (EVs) make up a small proportion of vehicles on the road, sales are rising as battery technology improves. Current global projections indicate that one in ten vehicles purchased in 2025 will be battery-powered and by 2040, the world will need some 12 million public charging points and $400 billion spent on infrastructure.