Piyush Nahar Director Marketing, Eaton
How is the industry benefiting from growing investment in renewable energy?
A significant portion of investment is directed towards clean energy technologies and infrastructure, catalysing economic growth and creating job opportunities. Concurrently, innovation and technological advancement are flourishing, driven by integrating renewable energy sources and improvements to existing infrastructure. Increased spending on grids and storage fosters innovation and propels the development of advanced technologies in the electrical industry.
Operational efficiency is vital for societal prosperity and the seamless functioning of industries. Investments in secure electrical systems enhance operational efficiency and reduce the likelihood of disruptions. Renewable energy investments bolster sustainability efforts, helping reduce the industry's carbon footprint and contributing to climate change mitigation. Additionally, sectors that adopt renewable energy and secure electrical systems gain a competitive edge by lowering energy costs and enhancing their reputation as environmentally conscious entities. Secure electrical systems are also crucial for resilience against climate change, protecting against extreme weather events, and ensuring uninterrupted operations. These benefits align with the global move towards a sustainable and secure energy future, positioning sectors that invest in these areas for long-term success.
What measures is the Centre taking to promote advanced switchgear technologies for grid modernisation, digitalisation, and climate change mitigation?
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