Technology-Driven Electrification
Definition
Beyond the transportation sector (electric vehicles), final energy consumption points such as industrial processes and building heating (heat pumps) are rapidly switching from fossil fuels to electricity. Going beyond simple electric vehicle distribution, vehicles are integrated as part of the power grid through Vehicle-to-Grid (V2G) technology to provide flexibility.
Drivers
Government policies banning the sale of Internal Combustion Engine (ICE) vehicles and support for the adoption of eco-friendly vehicles.
Continuous decline in battery prices and improvements in electric vehicle driving range technology.
Opportunities
EV Charging and Vehicle-to-Grid (V2G) Services
A bidirectional charging service and Platform business that goes beyond simple charging infrastructure construction to utilize EV batteries as grid resources.
Electrification Transition Consulting and Construction
Facility construction and Energy Efficiency business that transitions energy sources for factories and buildings from fossil fuels to electricity, such as the introduction of industrial heat pumps.