Global electricity consumption is forecast to grow at close to 4% annually through to 2027, as power use climbs in a range of sectors, according to a recent International Energy Agency (IEA) report.
This energy increase creates competition for industrial gases for the renewables that are needed to drive the energy transition – for green hydrogen, as is well-understood, but also to improve the sustainability of power-hungry ASUs, which generate the world’s air gases supply.
It is worth understanding, therefore, what is at play today, and how air gases might be impacted if technology companies with deep pockets are dominating grid build-out for years to come, in a world that also needs renewables to drive the energy transition and for the greening of air gases.
And the pace of recent growth in grid and power investments has been dizzying, to say the least.
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