Major trends and opportunities in energy transition
The transition to a new energy system is a reality, and driven by a host of factors: climate change and associated COP 21 commitments; the need for energy security; social pressure to move away from fossil fuels; and the need to reduce cost of energy.
This transition has a profound impact across industries, with traditional value chains being redefined. Emergence of technologies in digital and energy storage, coupled with the increasing adoption of electric vehicles, add to the challenge faced by incumbent players, while providing opportunities for new entrants.
This session will discuss the key drivers for the energy transition, its implications for traditional industries and the new opportunities that open up particularly through the emergence of new business models.
Partner and Global Board Member, A.T. Kearney
Cheong Yip Seng
Former Editor-in-Chief, English and Malay Newspapers, Singapore Press Holdings
About the speaker
Partner and Global Board Member
Richard Forrest is the lead Partner of A.T. Kearney’s Global Energy and Process Industry practice which covers Oil & Gas, Chemicals, Utilities, Mining & Metals, and other process industries. He has extensive international experience working with high-profile clients on transformational initiatives including cost optimization, growth/portfolio strategies, R&D effectiveness, complexity reduction, and challenging merger integrations.
Richard is Chairman of the A.T. Kearney Energy Transition Institute (not-for-profit independent institute focused on technology developments) and chairman of EV8 Technologies, a joint venture focused on “hands-on” building of leading new energy business models collaborating with companies across energy, transport and infrastructure sectors. Richard also serves on A.T. Kearney’s global board of directors, having served on all committees over the course of his tenure.
Prior to joining A.T. Kearney, Richard worked for KBR in London on capital projects (Refining, LNG) and technical/economic evaluations in oil and gas. He also worked for Bechtel in London on major capital projects in the oil and gas sector (upstream, refining, chemicals). Richard earned his MBA from Cranfield School of Management and his master’s in chemical engineering from University of Nottingham.
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