Sectors
Grid Modernization
Currently supporting over 7 million jobs in America and contributing 5% to the US GDP through $120BN+ of investments annually, the Utility sector and its grid will play a crucial part to how the United States develops its infrastructure in the 21st century.
With several challenges ahead including the development of a smarter more efficient grid, environmental factors such as storm response and wildfire mitigation, grid security and resilience, and of course the implementation and the ever-increasing percentage of clean energy generation delivered to American customers and businesses, there has never been a greater need for companies involved to partner with companies like Futura to help find and retain the best talent to help execute these projects.
Renewable Energy
With a goal of full decarbonization in the electrical utility sector by 2050, the US is required to increase the amount of power being generated from renewable sources by 100%.
Wind and solar power currently represent the majority of new projects, but growth in the research, development, and deployment of clean fuel technologies (i.e. hydrogen & biofuels) are expected to represent a sector worth more than $10 trillion dollars globally by 2050.
EV Technology
The global electric vehicle market was valued at $162.34 billion in 2019, and is projected to reach $802.81 billion by 2027, registering a CAGR of 22.6%.
There are currently 1.6 million electric vehicles on the roads in the United States as of the end of 2020. By 2030, this figure is projected to reach 18.7 million vehicles, and by 2040, it is expected 94% of new car sales will be EV.
As technology continues to evolve into different sectors such as Aviation, Marine and Rail, Futura Energy Group will be here to support the world’s most innovative and important EV Technology companies as they develop, manufacture and deploy both the vehicles and charging infrastructure.
