Why this leading energy company sees opportunity in a low


That may be why CDP ranked Equinor as the oil and gas company best prepared for a low-carbon future. Equinor is also doing its part to detect and reduce methane emissions by embracing innovation and technology.

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Equinor, formerly known as Statoil, is not your average energy company. The Norwegian-based corporation reports producing oil and gas with half of the CO2 emissions, compared to the global industry average.

The company also stated commitment to building its business in support of the Paris Agreement, and plans to invest over $200 million in Equinor Energy Ventures, one of the world’s largest corporate venture funds dedicated to investing in growth companies in renewable energy. That may be why CDP ranked Equinor as the oil and gas company best prepared for a low-carbon future.

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The ‘Energy Cloud’ ‘ Buzzword or the Future?

The energy cloud, says Navigant, will come from applying digital technologies to the electric grid, shifting from a one-way flow of electrons on power lines to a multi-directional flow and moving from large, central power stations toward Distributed Energy Resources (DER). “A cleaner, intelligent, increasingly mobile, and more distributed grid is just around the corner.”

After decades of relative stability, Navigant opines, the U.S. is entering a period of great change. “New value will be created and captured across highly dynamic and disruptive Energy Cloud platforms. … Energy incumbents, especially utilities, have less than 5 years to reorient their products and business models around fast emerging technology ecosystems like iDER, Smart Cities, and IoE (Internet of Everything) or risk becoming a fringe player in the emerging energy economy.”

  • Publisher: Bacon's Rebellion
  • Date: 2018-06-13T14:28:24-04:00
  • Citation: Web link

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