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Businesses Redefine Energy Strategy Amid Soaring Demand and Sustainability Goals

As global electricity demand is projected to double by 2050, businesses—accounting for 75% of this growth—are emerging as central players in the energy transition. Drivers include AI-powered data centers, electrification, and reshoring. Over 80% of businesses expect higher electricity use in the next three years, with 70% prioritizing electrification, emissions cuts, and cost efficiency. However, 72?mit they struggle to meet rising energy expectations.

Energy is becoming a key differentiator. While 71% of businesses have defined energy strategies, 64% say energy costs hurt profitability and 66?ar future energy access issues. Major obstacles include financing (39%), regulatory hurdles (33%), and limited internal expertise (26%). A staggering 97% aim to boost energy capabilities via hiring, training, or partnerships, demanding more proactive, customized support from providers.

Sustainability is now a baseline, not a bonus. Nearly all businesses (99%) have set carbon-free goals, with 75% targeting 2035. Many have already invested in EV charging, energy efficiency, and on-site generation, with 70% planning further adoption of renewables and demand-side solutions.

Energy providers must evolve beyond basic supply roles. Businesses increasingly prefer providers who act as transition advocates or digital solution partners. Achieving energy prosperity will depend on ecosystem collaboration, innovation, and a modernized energy experience.