Energy Outlook 2023
Written By
Partner
UK
I am a projects and regulatory partner and Chair and Co-Head of International Energy & Utilities Sector Group focused on energy innovation. My work has taken me around the globe.
The Energy & Utilities sector is changing rapidly as the world is in the midst of a global energy crisis of unprecedented breadth and complexity
Companies across the sector are racing to reach net-zero and improve sustainability, whilst trialing new and exciting technologies including the use of green hydrogen. The energy crisis has prompted many countries to bolster investment and policy into renewable energy, and many organisations must look to diversify as the clean energy transition accelerates.
The energy transition is multi-faceted, covering renewables, electrification, energy management, energy storage, hydrogen and more, and the policy and regulatory landscape needs to reflect this. It also impacts every sector; with the energy crisis accelerating organisational energy transition activities such as a shift away from traditional to green energy sources (including on-site, near site and off-site (including virtual) power purchase arrangements) and energy management solutions (including energy efficiency as a service, heat as a service and energy storage solutions in each case as a cost saving and revenue stacking opportunity). As a result, there is corresponding growth in innovative products, services, financing and insurance solutions.
The public sector must also go beyond policy and regulation, and continue being an energy transition exemplar as energy, smart cities and ESG often converge.
In the first edition of our Energy Outlook report, our global Energy & Utilities team anticipate the important developments across key areas of the sector, and give an invaluable oversight of the market in 2023.
