Info!
UPDATED 1 Sept: The EI library in London is temporarily closed to the public, as a precautionary measure in light of the ongoing COVID-19 situation. The Knowledge Service will still be answering email queries via email , or via live chats during working hours (09:15-17:00 GMT). Our e-library is always open for members here: eLibrary , for full-text access to over 200 e-books and millions of articles. Thank you for your patience.
magazine logo
magazine logo
ISSN 2753-7757 (Online)

Industry approaches to the global energy transition

9/3/2022

6 min read

International Energy Week 2022 panellists sitting on seats on stage Photo: Energy Institute
‘Mission possible’ talk from International Energy Week, Thursday 24 February 2022. From left to right: Chantal Beck, Partner, McKinsey & Company; Louise Kingham, Senior Vice President, Europe and Head of Country UK, BP; Anthony Hobley, Co-Executive Director, Mission Possible Partnership; Dr Christian Thiel, Chief Executive, EnergyNest; Michele Fiorentino, Executive Vice President of Strategy & Business Development, Baker Hughes

Photo: Energy Institute

The global energy sector is undergoing seismic shifts as it begins its attempts to decarbonise. But these changes will need to grow in magnitude and momentum over the coming decades to achieve a just transition. What form this transformation will take in order to meet the 2050 net zero target was central to many International Energy Week 2022* discussions. Charlie Bush reports.

How can technology help us to decarbonise? What is a just transition to you? How do you encourage governments to abate emissions? These were some of the questions pitched to the panellists during the morning talks of 24 February. 

 

Representing a broad spectrum of the energy sector, from oil majors to tech start-ups to financiers, the speakers had a range of opinions and predictions about what shape the transformation of the world of energy should take. Nevertheless, there was consensus around certain themes, most notably the importance of scalable technology, the need for governments to create enabling regulatory environments, and the requirement for greater collaboration between stakeholders.

 

Technology the great transformer 

Several speakers demonstrated optimism that this metamorphism can be achieved through the application of technology. Phil Spring, Senior Partner of Sustainability and Electrification at IBM emphasised that technology is key since: ‘The thoughtful application of technology will support us with new business models.’ This sentiment was echoed by Greg Jackson, Founder and CEO of Octopus Energy, who referred to the storage capacity of electric vehicle (EV) charging and the automation of home heating systems as solutions to the issue of intermittent energy sources. 

This content is for EI members only.
or join us as an EI Member to read all our Feature articles and receive exclusive EI perks from as little as £6 a month.

desc
desc