Best Practices: Energy Transition Strategies For Industrial Facilities

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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.

Table of contents

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


Table of figures

Figure 1. Global Final Energy Consumption 1971 And 2019
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

Industry Analyst
Hugo is an Industry Analyst in the Verdantix Operational Excellence practice. His current research agenda explores the technologies within the industrial asset management software market, with a focus on enterprise asset management software and computerized maintenance management systems. In Advisory, he focuses on go-to-market, thought-leadership and market-sizing work. Prior to joining Verdantix, Hugo worked in PR analytics and studied English at University College London.

Malavika Tohani

Research Director, Operational Excellence
Malavika leads the Verdantix Operational Excellence practice. Her current research agenda focuses on digital technologies for Operational Excellence including digital twins and software solutions for industrial risk and asset management. Malavika has over 15 years’ experience in research and strategy consulting. Malavika previously worked at Frost & Sullivan, managing and delivering advisory projects for clients involving expansion, acquisition, benchmarking and product development strategies. Malavika holds a MSc in Economics from Madras School of Economics.

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