Simcona Electronics Corporation’s Post

The latest report by S&P Global Commodity Insights talks about the forecast for adoption of clean energy technologies in 2024. The report highlights an expected continued decline in the average cost of adding clean energy technologies to the worlds’ power grids, with a drop of 15% to 20% by 2030 #Environment #ESG #sustainability

Really insightful article written by my colleagues Kelly Bommers MCIPS and Alex Spencer on how we can utilise digital supply chains to enable and overcome some of the challenges in the energy transition. #baringa #digitalsupplychain #energytransition #infrastructureprocurement

It’s more important than ever before for industrial companies to address challenges related to rising energy costs, market volatility, and ambitious #decarbonization targets. A recent McKinsey & Company article identifies four main objectives for industrial companies to focus on redefining their energy strategies: reducing emissions, sourcing affordable energy, ensuring security of supply, and maintaining competitiveness. By addressing these objectives, companies can navigate the current energy landscape and position themselves for long-term success. https://lnkd.in/gniYEY5D Mauro Erriquez, Álvaro González Muñoz, Diego Hernandez Diaz, and Humayun Tai

In the energy sector, Competitive Analysis is essential for understanding how different organizations respond to fluctuating resource costs, regulatory challenges, and sustainability trends. Energy companies assess competitors’ cost structures,...

2023 brought a 17% increase in global clean energy investment, reaching a new high of $1.8 trillion, driven by advances in electrified transport, as well as hydrogen and carbon capture technologies. BloombergNEF's latest report, however, points out that despite these record investments, we are still not on pace to meet the Paris Agreement's net zero objectives. Read more in the article from ESG Today: https://lnkd.in/eQZNaWns #ESG #CleanEnergy #NetZero #ParisAgreement #ClimateChange

Energy Market Regulation: Navigating the Path to a Sustainable and Competitive Future https://lnkd.in/g3SSh--U

Decarbonize, secure your energy supply, navigate commodity risks and stay competitive - this is the ask from society to European industrials - is it too much? Together with my colleagues Humayun Tai, Mauro Erriquez and Diego Hernandez Diaz, we have recently published an interesting article to understand how industrials can stay ahead of the energy transition and overcome these major challenges that are facing today by playing offense and re-defining their energy strategies. #energytransition #decarbonization #sustainability

In 2024, the oil and gas industry finds itself at a pivotal crossroads, navigating the delicate balance between maintaining profitability and embracing sustainability. As environmental concerns and regulatory pressures continue to mount, companies are increasingly recognizing the need to transition towards more sustainable business practices. Explore the latest trends shaping the sector and how innovations in technology, shifts in consumer demand, and evolving regulatory landscapes are driving the industry toward a greener future. https://lnkd.in/gaxJE6cd

Department of Energy’s (DOE) Office of Fossil Energy and Carbon Management (FECM) today announced six projects selected to receive approximately $9.3 million in federal funding to develop cutting-edge technology solutions to make clean hydrogen a more available and affordable fuel for electricity generation, industrial decarbonization, and transportation. The projects will focus on advancing hydrogen systems that convert varied waste feedstock materials into clean energy with superior environmental performance to help achieve the Biden-Harris Administration’s historic decarbonization goals.

Global investment in the clean energy transition grew by 17% in 2023, showing resilience despite geopolitical tensions, high interest rates, and inflation.  But was it enough to keep the world on track to hit net zero by 2050?  To answer this question, we compare 2023 clean energy investment by sector with what’s annually needed to reach net zero by 2050, in partnership with the National Public Utilities Council.