Dynamic Companies Driving Innovation to Meet Decarbonization and Net Zero Goals through Electrification
As decarbonization strategies gather pace across industries, the electrification of processes in the oil and gas (O&G) industry is emerging as a pillar of growth opportunity and innovation. The analyst has identified a complex and dynamic value chain and set of process steps where opportunities await.
Despite the significant potential to reduce carbon emissions, the electrification of O&G operations remains nascent. However, innovation among suppliers and supporting policies and regulatory frameworks from governments will boost adoption.
Most electrification technologies are commercially available, yet the high capital costs associated with replacing existing fossil fuel-based infrastructure, steep electricity prices, lack of government incentives, and poor awareness are significant barriers to O&G electrification. Yet these restraints are changing as decarbonization goals become more urgent and a period of growth for electrification looms.
This study looks specifically at 6 dynamic firms that are making a significant impact on the innovation agenda for electrification in the O&G sector and associated industries.
Table of Contents
1. Strategic Imperatives
- Why is it Increasingly Difficult to Grow?
- The Strategic Imperative 8™
- The Impact of the Top 3 Strategic Imperatives on the Oil and Gas (O&G) Electrification Industry
- Growth Opportunities Fuel the Growth Pipeline Engine™
2. Growth Environment
- Electrification Enablers
- Main Benefits of Upstream Electrification
- How Can Electrification of the Upstream O&G Sector Occur?
3. Companies to Action
- Companies to Action-Brief Introduction
- Innovation Target
- Elcogen-Company Profile
- Elcogen-Analyst Viewpoint
- Blue Logic-Company Profile
- Blue Logic-Analyst Viewpoint
- RedWave Energy (RedWave)-Company Profile
- RedWave-Analyst Viewpoint
- Merus Power-Company Profile
- Merus Power-Analyst Viewpoint
- Total Energy Solutions
- Total Energy Solutions-Analyst Viewpoint
- AGreatE-Company Profile
- AGreatE-Analyst Viewpoint
- The Last Word
- Scoring Methodology
4. Growth Opportunity Universe
- Growth Opportunity 1-Floating Solar Energy
- Growth Opportunity 2-Power Conversion Technologies
- Growth Opportunity 3-Subsea Electrification
- Legal Disclaimer
Companies Mentioned (Partial List)
A selection of companies mentioned in this report includes, but is not limited to:
- AGreatE
- Blue Logic
- Elcogen
- Merus Power
- RedWave Energy (RedWave)
- Total Energy Solutions
