Energy transition Move to new energy
Capturing opportunity in the energy T transition he energy transition is well underway, and EIC members are diversifying their portfolios to position themselves to thrive in a low-carbon future. This year’s EIC Survive & Thrive Report reveals that 30% of participating companies are moving into the new energy transition space of hydrogen, carbon capture, utilisation and storage (CCUS), energy storage and floating offshore wind. However, while many companies believe it is an area they should be considering as environmental, social and governance (ESG) metrics become increasingly important to shareholders, clients and employees, investments are relatively low, and energy transition has yet to become a primary growth strategy. This cautious approach is understandable, especially in a market that is still over-hyped but under-fed. Indeed, data from EICDataStream indicates that assuming all
It’s a small market financially, but there’s lots of activity in the new energy transition markets and businesses are moving cautiously, writes Editor Sairah Fawcitt
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