Energy Transition Leadership

Energy Transition / Net Zero 2050 represents massive opportunities for engineering construction globally, with a pipeline of work for the next 20 years or more. At an estimated investment of USD 9.2 trillion per annum, that’s a 40% increase in the amount invested annually thus far.

The task for engineering construction is to deliver projects economically at a scale and pace that has rarely, if ever, been achieved. Therefore, is the industry ready and capable? Meeting the Energy Transition objectives is expected, failure to do so will not be excused, but industry track record does not bode well for success.

What needs to happen to assure Energy Transition success? What are the challenges, and how can these be overcome? Does industry have and is it already using the tools, processes and wherewithal necessary to deliver the complex Energy Transition mega projects successfully? Can the traditional adversarial contracting models be relied upon to provide effective commercial arrangements to meet the business objectives of Net Zero project stakeholders, OR is a very different approach to contracting and project delivery necessary?

What role does commercial leadership play in the delivery phase to achieve successful project outcomes for stakeholders? How does this role differ between traditional adversarial contracting arrangements and projects applying collaborative working and contracting practices? What are the essential skills required in each case?

These and other issues will be explored in Kingsfield Academy’s new Energy Transition Leadership Workshop Series commencing in November 2022, providing a basis from which project teams can explore and prepare for leading projects in new energy sectors.

John Fotherby – Partner Kingsfield Academy