While the DNV GL 2017 Energy Executive Forum in Dana Point, CA has come and gone, what has remained top-of-mind for me is the importance of keeping the Convergence conversation going. In today’s disruptive energy environment, cross-sector perspective is a powerful advantage.
In the aftermath of the United States’ exit from the Paris Agreement, more U.S. businesses—from Apple to General Mills to Goldman Sachs—are leaning into corporate energy procurement, following in the path of the internet giants whom initially led the way. This further supports initial assumptions on the future of energy markets and raises some interesting questions, with implications for verticals ranging from utilities to DER:
- Will corporations with large energy footprints and ambitious sustainability goals foster the convergence of energy markets with independent partners?
- Are investments in clean energy projects (such as Apple’s recent additional $1B green bonds issuance) reaching a tipping point?
- Will green tariffs and aggregation of low-volume PPAs enable utilities to meet the varying energy demand of C&I customers and help their retention?
- Will big brand mass adoption of carbon-neutral energy supply transform to residential consumer purchasing habits and expectation regarding their electricity consumption as it does in other parts of their life?
Let’s keep the Convergence conversation going. Over the next several months, I will be sharing insights and observations from news stories that may have applications to your vertical through this semi-weekly “Convergence Pulse” email.
Though no one of us has all the answers as to what the future of energy holds, asking the right questions and exploring trends and probable scenarios together will help us all move our industries, verticals, and companies forward—with confidence—through the swell.
President, Energy Advisory