It should be clear to the curious observer that the adoption of technology underpins the growth of large economies across the world. Prior to the sharp economic slowdown that followed the spread of Covid-19 last year, China, India, Indonesia and Poland grew at over 4% in 2019, compared to an average of 1.9% for the 25 largest economies in the world, including Nigeria. While a range of factors were responsible for the superior growth of these economies, the provision of energy and the adoption of technology to create an enabling environment for commerce and enterprise are common themes in their economic strategies.
Indeed, energy efficiency has become the key driver of sustainable development in many countries today. Given the importance of electricity in the application of transformational technology, accessing electric power efficiently is often a deal breaker in the creation of innovative solutions for consumers, businesses, and governments.