There is so much innovation and passion around this important topic, and we remain focused on helping our clients find opportunities that will solve this complicated equation. Needless to say, this is an exciting time to be working in the energy space. These worlds are overlapping, and it gives us the opportunity to bring a consolidated set of market insights, models, and tools that span the entire energy spectrum. Rather than keeping two different groups of experts focused on one sector or the other, McKinsey created Energy Solutions to form a single, fully integrated team to better serve our clients. Additionally, start-ups and businesses focused solely on green energy continue to pursue new alternatives and carbon-capture technologies.Īs a result, the classic lines between power, oil, and gas sectors are blurring. Power companies are ramping up investments in renewables, and oil and gas companies are re-evaluating portfolios, with many standing up independent renewable energy and low-carbon businesses in industries such as hydrogen and other sustainable fuels. It requires new ways of thinking, and companies throughout the global energy ecosystem are evolving rapidly to achieve this. Over the past several years, we’ve witnessed how challenging it can be to navigate the right path to solve this issue. With a focus on helping clients capture opportunities, manage risk, and improve performance, Energy Solutions brings together teams from our Electric Power & Natural Gas and Oil & Gas Practices, combining our knowledge to serve clients across the energy value chain.īelow, three Energy Solutions leaders talk about how the needs of clients are changing, why a new team approach was required to meet today’s challenges, and what the future looks like for the global energy transition.ĭavid Helstrom, Partner David Helstrom, partner, HoustonĬountries around the world are trying to solve the energy “trilemma”: making sure energy is accessible, affordable, and sustainable. It is within this changing landscape that we introduce Energy Solutions by McKinsey, a team of data scientists and analysts whose leading global energy intelligence and market insights will help energy-sector organizations make well-informed strategic, tactical, and operational decisions. Household name oil and gas producers have been building up renewable energy businesses, green energy companies have been scaling up, and sustainability-focused start-ups have emerged to provide innovative services in a fast-evolving transition to clean, renewable energy sources. The energy sector has never been in a greater state of flux, as companies move to adapt to lower carbon expectations and a disrupted market landscape. According to McKinsey’s “Global Energy Perspective 2022” report, electric power, synthetic fuels, and hydrogen will represent 32 percent of the global energy mix by 2035 and 50 percent by 2050. September 14, 2023The renewable energy transition is now well under way.
0 Comments
Leave a Reply. |
AuthorWrite something about yourself. No need to be fancy, just an overview. ArchivesCategories |