With a population of more than 1.4 billion, India has seen energy consumption more than double since 2000, according the to the International Energy Agency. This leaves energy providers and users of all types seeking to reduce their environmental impact and control energy consumption in order to reduce costs.
However, this year, ABI Research reports that escalating energy prices have surged, resulting in global enterprise spending on electricity consumption reaching US$1.73tn, a figure that takes into account spending on electric vehicles and robots.
The firm adds that businesses are reassessing their energy purchasing agreements with utilities, considering installation of renewable microgrid systems and putting even greater emphasis on energy efficiency.
CyanConnode Holdings plc (LON:CYAN) is a world leader in the design and development of Narrowband RF mesh networks that enable Omni Internet of Things (IoT) communications.
