The Importance of Efficiency in the New Energy Era
Often referred to as the “first fuel” in a clean energy transition, energy efficiency is the single most important strategy for reducing energy demand and providing cost-effective greenhouse gas (GHG) mitigation. In a world of rising energy costs, strong energy efficiency actions are also critical levers for enhancing energy security, increasing energy affordability and achieving sustainability goals. While energy efficiency strategies have been adopted by many industries over the past two decades, the International Energy Agency (IEA) estimates that this rate of progress must double in order to achieve net zero by 2050. The global process industries will play a pivotal role in accelerating energy efficiency. For energy transition strategies such as hydrogen production and carbon capture, utilization and storage (CCUS), increasing the efficiency of water consumption is critical to scalable adoption.
Beyond its fundamental role in the energy transition, increased efficiency delivers clear productivity benefits. Among our customers, efficiency-enhancing strategies act as a key bridge between sustainability and operational excellence. Increased resource efficiency not only reduces energy consumption, but extends the lifespan of mission-critical equipment, enhances reliability and reduces total operating costs. John Crane’s comprehensive approach to efficiency equips our customers to achieve these key benefits while achieving tangible progress toward net zero.
