The coming years will require bold companies to pioneer new solutions and governments to explore new ways to incentivize behaviors to meet their climate ambitions. New energy solutions will require major capital deployments in conditions of admitted uncertainty. To enhance the chances of success, project leaders must coordinate along the value chain to ensure that supply and offtake materialize as businesses transition. They must work with government and local stakeholders to maximize economic potential and drive new business models for energy transition for the benefit of all parties. Ultimately, only through a new era of partnerships can we achieve rapid transport decarbonization.
This leadership roundtable discussed the role of partnerships in helping diverse stakeholders align around a project opportunity for their mutual benefit. The key points covered during this roundtable include:
- What business models unlock economic potential for new energy projects?
- What are the top agenda items for each decision maker who needs to be engaged to make your project a success? How should stakeholders identify and prioritize these agenda items?
- What kinds of disruptions will partners need to deal with both in the project phase and operating lifetime?
- How might technology evolution introduce challenges as early projects give way to more efficient subsequent waves?
- What is the impact of a nonlinear energy transition on a project and partnership? To what extent should partners focus on short-term opportunities versus pushing for a long-term focus?
The expert discussion focused on concrete ways to build more effective partnerships.