Capturing value in the growing energy domain

How we fuel and power

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Embrace change and thrive

There’s a fundamental energy challenge—shrinking the world’s carbon footprint while providing reliable, secure, affordable energy. Attempts to address this have unleashed waves of innovation from established players, start-ups and participants from other industries. A domain of growth is taking shape around how we fuel and power our lives.  

Sustainability and business performance go hand in hand. Those that get the energy transition right will thrive. Decarbonising traditional operations. Scaling up renewables. Building greener. Operating leaner. The transition is underway. We can help you make every move count—let’s seize the opportunity to supercharge your business.

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How to win in the Fuel and Power domain

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Explore other domains of growth

Industries are reshaping around fundamental human needs, creating value through collaboration across interconnected domains that now replace traditional value chains. 

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We bring expertise industries are built on so you can make decisions your future can stand on.

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Meet the Impact Innovators—in collaboration with The Economist

Successful energy transition will be led by bold organisations. Companies around the world are proving that comprehensive decarbonisation is possible. The transition to cleaner supply and leaner demand is driving innovation and creating new value for businesses and society.

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Catalysing the energy transition - in collaboration with the Economist

Professor Michael Pollitt on the energy transition

Professor Michael Pollitt—Professor of Business Economics, Cambridge University—shares his insights on the market systems needed to achieve net zero and the uncertainties that lie ahead for global energy transition.

Question [00:00:03]

“How do you see the energy transition in a broader economic context? Do we have the market design system in place to achieve net zero goals?”

Prof. Michael Pollitt [00:00:09]

The energy transition is about pricing the carbon externality, and that’s about raising the price of carbon in the global economy in order to reduce the externality. So that is, you know, the fundamental economic problem that we need to deal with.

Question [00:00:27]

“Where do you see Europe, the US, Africa and Asia on the energy transition runway? What are some interdependencies?”

Prof. Michael Pollitt [00:00:34]

I think that Europe is clearly ahead in terms of making progress with the energy transition, both in terms of the setting of targets and getting those into legislation, but also in terms of policies being put in place that would actually deliver net zero.

Then I think other places are at various stages. I think the US is beginning to do things at the federal level, in addition to the things it’s already been doing at the state level in some states, where essentially California and New York, New England have got European style energy and climate targets, and then other places, you know, can be brought along as part of the energy supply chain.

I think China remains a very hopeful location for the world, both in terms of delivering low carbon energy equipment, but also eventually implementing low carbon policies. 

Question [00:01:31]

“Do you think there are any key uncertainties that remain in the energy transition agenda and the move to net zero?”

Prof. Michael Pollitt [00:01:36]

We’re getting to the point where energy transition is going to be expensive.

We’ve been doing the easy things so far, which are the decarbonisation of the power sector with wind and solar. Once we begin to move on to heating and transport, things get significantly more difficult.

I think transport, there are good signs in terms of battery technology in the emergence of electric vehicles, but you know, still that’s posing problems in terms of supply chains and the delivery of the quantity of vehicles that we might need.

And in heating, we’re only just beginning to grapple with the political costs of a heat transition, which are gonna create very different costs for individual households depending on which heating technology they’ve got the possibility to adopt.

Video 10/01/24

Professor Michael Pollitt on the Energy Transition

Prof. Michael Pollitt (Professor of Business Economics, Judge Business School, Cambridge University) on the market design systems required to meet net zero goals and the key uncertainties that remain for a global energy transition.

2:40
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Hydrogen energy transition image

The hydrogen calculator—is the switch to hydrogen worth it?

Hydrogen may be critical to achieving net zero. Use our online calculator to find out if switching to hydrogen is worth it. Build a first business case analysis and quickly assess your application-specific hydrogen and related electricity requirements.
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Jeroen  van Hoof

Jeroen van Hoof

Global Energy, Utilities and Resources Leader, Partner, PwC Netherlands

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Folker Trepte

Energy, Utilities and Resources Leader, PwC Germany

Jon Chadwick

Jon Chadwick

Energy Transition, Partner, PwC Australia

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