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Let’s Talk About the 4th “R” – “Recover” Wasted Energy
Demand for electricity is projected to accelerate over the next three years driven by electrification of transportation, residential sectors and burgeoning data centers (IEA). At the same time, countries with advanced economies have made substantial emissions reductions pledges to curtail the direst effects of climate change. Business leaders increasingly include ESG goals side-by-side with traditional shareholder metrics. Yet, sometimes investment in ESG initiatives is perceived as counter to maximizing profits. However, one overlooked aspect of cleaner energy consumption is that, across sectors, we waste a lot of energy. Recovering wasted energy presents an immediate opportunity to reduce emissions while enabling business leaders to achieve savings on energy costs, reconciling the goals of profitability and ESG.
