Energy Solutions by McKinsey

As we approach the nine-year mark since the Paris Agreement and hit the midpoint of what has been called a “decisive decade” for climate change, the world stands at a critical juncture in their transition away from fossil fuels. However, our latest analysis reveals that the disparity between project target volumes, expected volumes, and those reaching final investment decision (FID) is significant—threatening the pace of the energy transition. Find out more in our latest article: “The energy transition: Where are we, really?” https://mck.co/3yLQH1g #NetZero #RenewableEnergy #EnergyTransition

Join us for an insightful webinar on the evolving landscape of #DataCenters on September 10th, from 11 AM to 12 PM CET.   In this session, we'll delve into three critical areas:   1️⃣ Market drivers: Explore what's fueling the demand for data centers and the expected growth trends.   2️⃣ Electricity demand: Understand how data center growth impacts electricity needs and supply dynamics.   3️⃣ Commercial opportunities: Identify strategic opportunities within the shifting data center industry.   Register now to join us: https://lnkd.in/eA469Ppw

🎙Tune in to the latest episode of the ABB Process Automation Podcast where McKinsey & Company Partner Diego Hernandez Diaz delves into the role of renewables in powering the industrial sector.

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In recent times, commodity trading has attracted multiple new entrants - from tech-led companies to those more involved with data mining. Learn how this interconnected competition points to a bright future for building business resilience. Join Roland Rechtsteiner and Fransje van der Marel, as they discuss our article on how businesses can build resilience through such trading. 📆 Thursday, 22 August 🕙 10:00 am NYC | 3:00 pm LON Request an invite here: https://lnkd.in/es3mQnJj   #Risk #Resilience #CommodityTrading #McKinsey #McKinseyWebcast

2024 is a crucial year for the offshore wind industry. Almost 70 GW of project capacity expected to be tendered globally, around three times 2023’s volume. Key factors influencing the industry’s future include cost positioning, the regulatory landscape, market pull, supply chain capacity, and developer behavior. Read our latest report to explore how these factors are shaping offshore wind development and profitability. https://mck.co/3y53fQS #OffshoreWind #RenewableEnergy #EnergyTransition

What does the future of hold for the offshore wind industry? 🌊 Our newest report explores several potential scenarios for the offshore wind industry’s future, which in turn uncovers new projections for how the industry may fair across the globe. Notably, a ‘just for the heroes’ scenario predicts new projects representing 10-15 GW per year over the next decade reaching FID, 30-50 percent lower than current predictions. Read more about these insights and their implications for offshore wind’s future here. https://mck.co/46aMyQA #OffshoreWind #RenewableEnergy #EnergyTransition

Let’s unlock the full potential of offshore wind. The offshore wind industry has the potential to grow to 20,000 GW of fixed offshore wind, and 50,000 GW of floating offshore wind capacity globally. However, rising material costs, inflation and competitive seabed tenders have increased LCOE expectations, reversing cost reduction trends. Discover how this is impacting offshore wind developers’ profitability in our newest report. https://mck.co/4d3AaEg #OffshoreWind #RenewableEnergy #EnergyTransition

What’s next for offshore wind? Global offshore wind commissioned capacity increased from 3 GW in 2010 to around 66 GW in 2023, with costs dropping by 60 percent due to competition, low interest rates, and technology development and industrialization. Our latest report explores future scenarios based on insights from industry leader, that could affect the outlook of the industry. Read more here: https://mck.co/3SeiMVo #OffshoreWind #RenewableEnergy #EnergyTransition

Join us for the Gen AI Energy Webinar on August 1st 📅 In this 60-minute webinar, McKinsey experts and industry leaders will discuss the transformative effects of Generative AI on the energy value chain, and exchange the learning of how company can leverage AI to build resilience, drive growth and transform their business models. 🗣️ The language for this session is English and there will be also Japanese/Korean interpretation for audience from these regions. Agenda: - Generative AI – Art of the Possible - Stories from the Industry – Impact & Learnings - Panel discussion with Microsoft, NVIDIA & SAP Our panelists: - Shivkumar Kalyanaraman - CTO, Microsoft - Ahsan Yousufzai - Global Head of Business Development, Nvidia - Varun Thamba - Regional Director, SAP Register now ➡ https://lnkd.in/eRH3AHN9 #EnergyTransition #AI #McKinsey