Geopolitical instability has made electrification more urgent for four in five business executives responding to one of the biggest corporate polls since the Middle East energy crisis.
The struggle to absorb energy charges has thrust the issue up the agenda for companies focused on how to electrify their operations cost-effectively.
The survey of almost 2,000 executives across 18 countries — initiated by green campaign groups but conducted independently and outside of their membership — also found that 91 per cent believed the switch from fossil fuel-powered equipment to electric alternatives, such as electric furnaces, heat pumps or vehicles, would improve their energy security.
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