Powering the Future: Accelerated Shift to Renewables in the Global Energy Sector

Energy Transition Trends

As a marketing consultant serving global energy transition technology and service providers, the members of Krishnan & Associates team closely follow trends that impact the market. We asked our team to identify some of the most meaningful developments they have come across recently.

The responses are found below and have been determined through what we hear during our direct lead generation outreach, voice of customer market studies, and from conversations at conferences & tradeshows around the world.

These observations have been grouped into five sections: Environmental Regs & Enforcement, Accelerated Shift to Renewables, Decarbonization / Net Zero Targets, ESG Regulations, and Financing Green Energy Projects

 Environmental Regs & Enforcement

  • CO2 pricing, IRA, IIJA, Local Regulations, Interstate Pipelines, Cap & Trade.

  • IRA (40% GHG Reduction by 2030 & $391 billion).

  • Tax Credits & Grants for Transportation & Energy.

  • CCS, CDR, RE, Nuclear, Roll Back Fossil Subsidies, EV Infrastructure.

  • Energy Efficiency Improvements.

  • IIJA – $79 bn in Power & Grid.

  • UK Regulation and Clean Energy Transition: Lagging Behind EU Peers.

  • Class 6 wells, Intra & Interstate Pipeline Permitting Issues – NIMBY.

  • CO2 Exchange & Architecture.

 Accelerated Shift to Renewables

  • Next-gen solar, wind, biomass, hydro, flexible generation, nuclear, hydrogen will grow.

  • Market to grow by ~447 GW by 2030 led by US and LATAM.

  • Supply chain issues exist despite reduction in project costs.

  • Addressing Intermittency, Reliability, and Grid Integration: Key Challenges in the Energy Transition.

  • Unlocking the Grid: Overcoming Permitting & Interconnection Issues.

  • Accelerating Energy Transition with Long  Duration Energy Storage.

  • UK's Renewable Transition: Offshore Wind Leads the Way.

Decarbonization / Net Zero

  • eInfrastructure / eMobility/ eTechnology.

  • $35 trillion market global investment by 2030.

  • $12 trillion market in US, UK & LATAM.

  • Critical Challenges:

    • Cost-Effective and Reliable Power Supply in Energy Transition.

    • Accelerating Electric Infrastructure Deployment.

    • Ensuring Grid Modernization for T&D in Energy Transition.

    • Accessing Affordable Financing for Large-Scale Energy Projects.

    • Weak Carbon Accounting.

ESG Regulations

  • ESG Asset Management Set to Soar.

  • Projected Growth: ESG Assets Under Management Set to Double in the USA and Increase by 53% in Europe by 2026.

  • ESG Reporting on the Rise: Over 90% of S&P 500 Companies and 70% of Russell 1000 Companies Publish ESG Reports.

  • Overcoming Regulatory Hurdles: Complex and Inconsistent Regulations Impede Increased ESG Focus.

  • Tackling Mislabeling: The Widespread Issue of Products Incorrectly Labeled as 'ESG' Due to Lack of Consistent Standards.

Financing Green Energy Projects

  • Optimizing Project Financing: Case-Dependent.

  • Navigating Project Financing Challenges Amidst Inflationary Pressures.

  • Overcoming Scale and Cost Challenges in New Technology Project.

  • Case-Specific Cost Navigation: Addressing Funding Challenges in Renewable Energy Projects.

  • Vulnerabilities of Renewable Projects to  Government Incentives & Regulatory Framework.

  • Some Obstacles for Small-Scale Renewable Energy Projects.

K&A helps generate leads, proposals, and sales for Business Development to the Energy and Power Industry

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