A focus on sustainability and energy security will demand new solutions throughout the energy sector. The industry will continue to expand its offerings, including renewable energy, energy efficiency, renewable fuels, smart grid technologies, and energy storage systems as sub-sectors.
A focus on sustainability has become a prerequisite for the oil and gas industry as pressure mounts to promote renewable energy, sustainability, and the energy transition. In the coming years, we will see many more companies embed resilience within projects to minimize environmental impact and increase operational efficiencies. These investments will also include worker health and safety, and community engagement.
Over the next 30 years, energy systems will need to change dramatically to meet climate goals. Decarbonization efforts and renewable energy generation is already growing rapidly. The next step is to leverage AI to enable more efficient and cost-effective decision-making for smart grids, sensor-connected power plants, and wind turbines. Smart technology will help the industry transition quickly and efficiently to a low-carbon global energy system.
The energy sector must become increasingly resilient in addressing aging infrastructure and decarbonization. Additionally, the sector must prepare for and adapt to risks, such as supply chain disruption, cyberattacks, and the extreme weather associated with climate change. The transformation must take into account the inequities among low-income communities that might lack the resources to withstand or rebound after crises.
The energy industry can spur innovation with workplaces that are a collection of flexible and purposeful spaces, supplied with optimal technology. This will create an equitable experience for all workers, whether they’re participating virtually or in-person. New space typologies should be introduced as an extension of the energy sector workplace rather than just a transition, with opportunities to pause, have a conversation, and work indoors and outdoors.
“Renewable energy generation is growing rapidly, driven by falling costs and growing investor interest.”
—World Economic Forum