November 30, 2023

Leading the Electric Transformation

The transformation to a sustainable, electrified future that isn’t reliant on fossil fuels is well underway. Projections show that approximately half of the world’s consumption of energy could be in the form of electricity by 2050. Modern day technologies that support these efforts for widespread electrification are all around us. Look no further than the ongoing proliferation of electric vehicles (EVs) around the globe.

Plugging in and decarbonization of vehicles isn’t the only way to achieve electrification of our world. This task is quite challenging, as it includes everything from EV supply equipment (EVSE, often referred to as chargers) and energy storage systems to grid upgrades. Success means being able to replace machines and technologies that pollute with versions that are electric and can run on cleaner sources of energy. To support these electrification efforts, an entire energy and technological ecosystem is needed. Unseen — yet critical — tapes and materials make the technologies in this ecosystem possible.