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In the face of emerging technologies, shifting population patterns and environmental concerns arising from hydrocarbon emissions, the demand for more reliable clean electrical power is growing. The Paris Climate Accords (PCA), which was signed by one hundred and ninety-five countries, requires the modernization of the world’s aging electrical infrastructure. Achieving the PCA global goal will require a complex multifaceted approach largely based on electrification which will, in turn, rely on new wire technologies that are much more conductive, lighter weight, have stronger tensile strength and substantially reduced creep attributes. The International Energy Agency (IEA) projects that to reach the stated policy scenarios from PCA signatory nations will require a global annual investment of $565 Billion by 2030.
“Reaching net zero emissions will clearly require progress across the board, and there are multiple commercial, technical, policy and supply chain issues to resolve.”
There is a gap between current grid spending trends and the investment required to reach climate goals, especially in emerging market and developing economies. Annual investment in grids worldwide is set to reach USD 330 billion in 2023. This climbs to USD 565 billion by 2030 in the STEPS [Stated Policies Scenarios], but it needs to rise further to around USD 620 billion in the APS [Announced Pledges Scenario] and USD 680 billion in the NZE [Net Zero Emissions] Scenario.
The ability to transport electrons reliably across distances is in large part going to determine how successful we will be in meeting our PCA obligations.
According to the International Energy Agency (IEA), the current global electrical grid investment is estimated at $330 Billion (US) in 2023. Of which the current global electrical conductor market is estimated to be worth $170 Billion (US) annually.
BBCP is committed to meeting this demand by providing a transformation in the efficiency of electrical transmission infrastructure. BBCP is creating a novel metallic material at a molecular level that can do all of this while meeting the electrical market goals set by the PCA.
Create electrical conductors that:
Download our corporate profile to learn more about our cutting-edge Nanobridge™ technology and explore opportunities for partnership. Together, we can shape the next generation of electrical infrastructure.
