The Age of Electricity Begins

Three high-voltage transmission towers stand against a hazy sunset backdrop, with a clear sky transitioning into warm orange tones. Numerous power lines crisscross the scene, symbolizing the interconnectedness of energy infrastructure. The text 'The Age of Electricity' is prominently displayed at the bottom, accompanied by icons representing solar, wind, battery storage, substation, and EV charging.

In energy history, the world has moved through the Age of Coal and the Age of Oil. Now, it is rapidly entering the Age of Electricity, driven by renewable energy, technological advancements, and electrification.

Over the past decade, electricity use has grown twice as fast as overall energy demand, and it’s likely to increase by more than half between 2022 and 2040. The world is entering a new age of electricity.

This surge is not surprising. With the growth of advanced technologies like AI and quantum computing, data centers are expanding, and so is their demand for power, which is expected to increase exponentially in the next decade.

A sea change in the energy landscape

The new age of electricity marks a different way of thinking about energy. While the exponential increase in demand for electricity is driving lower energy costs as oil and gas surpluses rise, there’s considerable concern about the impact of fossil fuels on climate change and pollution, and the world is transitioning to renewable energy resources.

According to the IEA (International Energy Agency), global renewable capacity is expected to more than double by 2030. Climate and energy security policies in nearly 140 countries are pivotal in making renewable energy production cost-competitive with fossil-fired power plants. This is unlocking new demand from the private sector and residential market, while industrial policies are encouraging the manufacturing of solar panels, wind turbines, and other renewable energy installations.

The push for clean energy also drives the transition to electric vehicles worldwide. These vehicles are predicted to account for roughly 50 percent of global car sales by 2030, up from 20 percent today. While the pace of EPC charging infrastructure is growing, it is not yet keeping up with the rapid pace of EV adoption.

Foundations for the New Age of Electricity

As a leading provider of design and installation services for renewable energy and technology infrastructure, BEI is helping to meet this surge in power demand. Our team has been involved in over 2GW of high-profile solar, battery storage (BESS), substation, wind, and EV charging projects.

“As the need for electricity continues to grow, there’s a growing market for our end-to-end services and comprehensive design/build capabilities nationwide. Our renewable energy installations are providing a welcome alternative to fossil fuels and helping to drive the cost of clean energy down,” says David Zetterlund, General Manager, BEI Construction. “And through our renewable energy division, we’re building the sophisticated infrastructure to support the energy needs of companies, schools, and municipalities throughout California.”

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