Best Practices: Energy Transition Strategies For Industrial Facilities
Hugo Fuller
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Executive Summary
This report looks to help personnel overseeing energy transition strategies at industrial firms understand the state of the global energy transition and what it means for their organizations. It provides an overview of global energy consumption, considering the factors driving and slowing transition away from fossil-fuel-based energy solutions across production processes, transportation, heating, and electricity, as well as the different approaches firms can take to develop their energy transition strategies. Decision-makers at digital solution suppliers can also leverage this report to inform marketing and sales strategies, as well as product roadmaps.What Is The Current Status Of The Global Energy Transition?
The Global Energy Transition Has Been Slow
There Is Now Significant Impetus For Businesses To Transition Their Energy
The Speed Of Energy Transition Is Highly Dependent On Industry Sector
Current Approaches To Energy Transition Focus On Green Energy Procurement And Electrification
Best Practices For Industrial Facility Energy Transition
Best Practices For Industrial Energy Transition Must Balance Feasibility And Optics
Prioritization Of Energy Transition Strategies Is Dependent On Industry Sector
Figure 2. Global Final Energy Consumption For Coal, Natural Gas And Oil By Sector 2019
Figure 3. Four Scenarios For Global Emissions Reduction By 2050
Figure 4. US Billion-Dollar Disasters By Year (CPI-Adjusted)
Figure 5. Which Factors Make Up Feasibility And Pressure Within Industrial Energy Transition Strategies?
Figure 6. Mapping Industries’ Ability To Transition Energy Consumption In 2022
Figure 7. Best Practices For Energy Transition Strategies Within Industry
About the Authors
Hugo Fuller
Senior Analyst
Hugo is a Senior Analyst in the Verdantix Industrial Transformation practice. His current research agenda explores the technologies within the industrial asset management soft...
Malavika Tohani
Research Director
Malavika is a Research Director at Verdantix, guiding research that explores how digital technologies and services are reshaping industrial operations to become safer, more ef...
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