Energy firms are responding to a call by shareholders, regulators, and consumers to revamp their business models for a sustainable global economy. The pandemic and the invasion of Ukraine have underlined the role of energy independence in furthering efforts to build a green economy. Europe plays a leading role in creating alternative sources of energy, primarily for households and heavy industry, as they are reliant on affordable natural gas.
Ensuring energy security is tied to an industry-wide anticipation that the world will soon run out of fossil fuels, which has hastened the efforts of energy companies to decarbonize their assets and replace their energy sources with renewable ones such as solar, wind, and hydrogen.
As it becomes clear that the world must pull away from renewable energy sources, the challenge of meeting global demand with renewable energy will be a long-lasting one. By designing customized strategies for solving their complex IT needs, Ronwell is taking charge of leading this transformation successfully for both upstream and downstream energy firms.
A change driven by IT, despite IT
IT structures have lots of energy needs, which increases carbon emissions. Therefore, the transformation of the energy sector will inevitably involve the transformation of its IT infrastructure. The strategic adoption of effective digital solutions to modernize IT capabilities will be a game changer for many energy companies.
Ronwell understands the importance of giving energy and utilities companies the ability to optimize their operational assets and survive in a capital-intensive environment by leveraging technology to identify the right investments. Having the technical prowess to reimagine existing IT structures, Ronwell can build innovative IT solutions for the energy sector.
ESG Reporting Standards
Smart solutions will play a major role in monitoring energy consumption and establishing standardized and comparable ESG guidelines. As Michael Bloomberg noted, the emergence of standard ESG metrics that are applicable to firms across different industries will be the key value driver for the future. In order to get there, the journey of digital transformation starts with the energy and utilities sector.