Fourteen companies have publicly endorsed the Catalyzing Electrification Accord today with the aim to co‐create innovative approaches to respond to and overcome current and future challenges to accelerating electrification for the benefit of end user companies and their employees, customers, and local communities. This Accord is the culmination of the work by the Strategic Open Dialogue on Electrification (SODE), a global coalition created by the GSEP that brings together forward‐thinking companies from the power sector, end‐user sectors (transport, industry, building), and strategic/technology partners.
The Accord offers 5 concrete recommendations and action steps to accelerate electrification that address the most pressing issues around enhancing the pace of electrification worldwide. The endorsing companies commit, where relevant and possible, to act on these points:
- Advocate for policy frameworks that back up electrification
- Foster new innovative business models
- Accelerating information flows along and across value chains
- Ensuring a swift and efficient transition
- Ensuring the infrastructure in place to be fit for the transformation
Moving forward, these five pillars will serve as the springboard for a series of exclusive SODE roundtables focused entirely on deepening the collaboration and dialogue between different stakeholders across the value chain through the sharing of insights and lessons learned vis-à-vis these specific pillars. External stakeholders will be invited to take part in these global roundtables focused exclusively on sharing key insights and recommendations on how to enhance value proposition of electrification to help businesses capture its benefits and meet climate goals based on on-the-ground experience that works.