Taking on tomorrow
Effective strategic change requires a sharp focus on the future. Whether it is the rise of circularity, the next steps for the hydrogen economy or the energy outlook for oil and gas firms, few companies can afford to cling blindly to the business models of the past. The ‘taking on tomorrow’ platform brings our insights into the future of industries in energy, utilities and resources together in one place, all at your fingertips.
In less than 90 seconds of your time, Jeroen van Hoof (Global Leader, Energy, Utilities & Resources, PwC Netherlands) brings you closer to why we should care about the future of energy today instead of tomorrow.
“We’re seeing the future being pulled forward by a range of unstoppable forces. The impact of COVID-19 has intensified change that was already quickening. Humanity has been reminded of its vulnerability, and that awareness is likely to further accelerate the pace of technological transformation and heighten the focus on sustainability. Taking on tomorrow in an effective way will require companies to blend insight into the future with the reality of today.”
In this PwC report, we examine the implications of the transition from our current energy system, which is dominated by fossil-fuel molecules, into one based on renewable-powered electrons and fossil-carbon-free molecules.
Circularity is gaining momentum as companies and policymakers alike recognise the limitations of traditionally linear economic models. We look at what circularity can offer energy, utilities and resources companies and also consider its relevance to sectors, such as oil and gas or other extractive industries, that are based on a linear model.
Cost reductions in the production of renewable electricity and hydrogen and in transport technologies will result in an increase in the number of countries where green hydrogen can be produced competitively and play a critical role in decarbonisation economies worldwide.
The global utilities sector has a powerful tool at its disposal that it has not yet fully applied. Its investment in innovation and R&D has largely lagged behind other sectors. We look at the case for innovation becoming more of a priority and a strategic driver for the sector.
Dr. Paul Nillesen, Partner PwC Strategy& Netherlands discusses with Otto Jager (CFO, TenneT) and Martin Young (Senior Director, World Energy Council) the role of transmission in the energy transition in general and the strategic priorities of TenneT in particular.
One thing is certain. The road ahead will not be straightforward. Critical decisions about strategic direction are looming for most companies. And so, we’ll continue to examine the outlook across the world of energy, utilities and resources through a series of new reports and initiatives.