Risk Areas: Energy Innovation

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Typical Challenges

The pressing need to move away from highly polluting coal and petroleum products, which have been the world’s main energy sources for the past two centuries.

Uncertainty about future policies and regulations governing energy transition, such as emission caps, carbon taxes, or government subsidies for transition costs.

The difficulty of deciding on the best time to make the transition to minimise the costs of investing in new energy technology and writing off old energy infrastructure.

The risk of investing too early in an energy technology that becomes much cheaper later, allowing competitors to access it at lower cost.

Energy transition is a must, but its destination is still evolving

Although the clean energy innovation movement started years ago following greater awareness of greenhouse gases and their effects, its efforts have been bolstered recently by the support of certain government incentives and more attention to the issue in the global news media. For example, traditional oil and gas companies and investors in the hydrocarbons sector, along with renewable energy companies, are looking for opportunities in the energy transition movement, seeking to take advantage of the demand for development and clean energy innovation in the sector. The International Energy Agency’s Net Zero by 2050 report estimates that 75 percent of the emissions reductions necessary to meet net-zero emissions are dependent on renewable or clean energy technologies that have not yet reached commercial maturity.

Align your suppliers’ energy policies with your own

Use Speeki Signals tools to manage and monitor interactions with your suppliers to determine whether they are mirroring your own efforts to move towards clean energy. Require them to declare their commitment to renewable energy via Speeki Declare and Disclose in order to retain your business. Use Speeki social listening to reveal whether they are “walking the walk” on energy issues.

Keep up with market sentiments on energy sources

Public sentiment on energy-related issues as broad as the siting of wind farms and nuclear power stations, or as specific as the battery life of individual products, can have significant impacts across many areas of business activity. Keep your finger on the pulse of market reactions to the changing energy landscape and your own company’s energy position with Speeki Signals tools and powerful Speeki Insights, to ensure your energy policies are not out of step with market demands and expectations.

Understand your customers’ stake in your energy decisions

Your energy policies may impact your customers in various ways, depending on your business. Energy may account for a substantial part of your manufacturing cost base, or you may sell products which have significant energy requirements. For a deeper understanding of the impact of your energy strategy on your customers, use Speeki Messaging and survey tools to delve into customer sentiments and reactions on energy issues and draw out powerful insights to inform your future direction.

How Speeki can help

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Signals

Hear all voices and listen to the market messages

We provide your company with integrated tools to capture ESG signals from your entire stakeholder set, to help you form a holistic view of your organisation’s energy management processes.

Insights

Interpret data like never before

Speeki consultants, working alongside your environmental experts and the data available from your Speeki Platform, super-charge your knowledge around energy usage. Gain new insight into the impact of your energy transition on your employees, customers and suppliers.

Actions

Address issues while they are still emerging

We turn the insights from the analysis into operational plans that neutralise risks before they grow. Speeki has a set of tools to help implement systems around energy usage. Working alongside your environmental partners, we add value through focused actions to collect signals and manage risk and build opportunities.

Share your energy concerns with us and see how we can help build data and create insights