Universal Access To Electricity Gains Traction, But Challenges Remain

(MENAFN- Investor Brand Network) Global electricity access is expanding at a record pace, yet the number of people still living without power globally has barely budged. New analysis tracking progress toward universal electricity access found that roughly 89 million people got new access to power in 2024, though the total global shortfall edged down by just 11.5 million, the smallest yearly improvement on record going back to 2010, aside from a brief bump in 2022. As of 2024, some 655 million people still lack access to electricity.

The statistics on people who still don't have access to electricity around the world highlight the size of the addressable market that businesses like Turbo Energy S.A. (NASDAQ: TURB) can possibly serve as they expand their footprint around the...

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