Platform updates + how sustainability is reshaping corporate strategy
This month, we highlight coverage of recent survey data around corporate climate action, M&A deals going south as a result of ESG concerns and the trend of tying employees/executive bonuses to emissions reductions.
Read about updates to our platform for enterprise customers, microgrid-integrated electric fleet charging and Alaska's energy landscape on our blog. And see the latest podcast episodes from the VECKTA team.
News about the Corporate Energy Transition
CEOs Are Embracing Climate Tech?
New EY survey shows that CEOs and investors broadly agree that tech/AI are key to tackling climate challenges (75% CEOs, 70% investors). Other results that jumped out:
We see this dichotomy daily between long-term climate vision and short-term business realities. Climate risk is a current risk that needs to be addressed now/yesterday.?
ESG Stakes High in M&A
A new Deloitte survey found sustainability is increasingly impacting M&A dealmaking, with over 70% of M&A leaders abandoning potential acquisitions over ESG concerns. The vast majority would pay premiums for targets with strong ESG attributes. ESG factors are becoming more integrated into the M&A process, impacting target evaluation, due diligence, decision-making, and valuation as ESG data improves. 72% decided not to acquire a target due to its ESG profile, up from less than half previously. 83% would pay at least a 3% premium for assets improving their ESG profile, compared to 62% before. Overall, ESG is deeply embedded in M&A with better data allowing more precise measurement.
Bonuses Increasingly Tied to Meeting Decarbonization Targets
It’s a move we’ve seen anecdotally in our research and in the media - large companies are increasingly tying bonuses to progress toward meeting emissions reductions goals. It’s one tactic used to incentivize internal action on often complex and time consuming tasks that are not in an employee’s core responsibility arena. Lego is the latest example of a company structuring bonuses in this way - and they went broad with it, looping in all employees not just senior leadership. For more on how to structure an executive sustainability-linked compensation program, read this piece in Harvard Business Review.
From the VECKTA Blog: Behind the Meter
Built for the Enterprise: VECKTA Expands Portfolio-Level Planning and Management
The VECKTA platform empowers enterprises to streamline onsite energy development across their portfolios. With just facility addresses, it consolidates 5,000 data points per site to determine optimal locations and technology configurations. VECKTA evaluates all viable solutions, from solar to energy storage, considering factors like costs, emissions, and incentives. Using linear optimization, it identifies projects maximizing ROI based on customer parameters like IRR and payback period. The platform provides emissions reduction projections, facilitates RFP processes with vetted suppliers, and enables seamless bid comparisons and negotiations. By replacing consultants and automating assessments, VECKTA helps companies confidently pursue onsite energy strategies while reducing costs.
领英推荐
Emerging System: Microgrid-Integrated Electric Fleet Charging?
As transportation electrifies to reduce emissions, challenges arise with increased loads, grid needs, reliability, and costs. Integrating microgrids with electric fleets addresses challenges through reduced grid strain, transmission hurdles, and local resilience via onsite energy. Microgrids utilize distributed energy resources and can disconnect from the grid. Fleet batteries with smart charging capabilities can contribute to grid stability, cost savings, resilience, and renewable integration. Communities deploying this integration gain energy independence, reliable charging, cost-effectiveness, and clean energy adoption.
Alaska's Energy Future: A Path to Innovation and Sustainability
The Alaska Sustainable Energy Conference highlighted the state's potential and challenges in achieving a sustainable energy future. Described as this generation's "moon shot," Alaska aims to harness its vast renewable resources like hydro, geothermal, and wind while managing aging infrastructure and high energy costs in remote areas. Innovations in microgrid technology, energy storage, and digital twins offer promising solutions. Collaboration between the public and private sectors, indigenous communities, and effective policymaking are crucial. While financing remains a challenge, there is optimism about leveraging Alaska's pioneering spirit, natural resources, and available funding to lead the energy transition through affordable, reliable, and clean energy solutions.
The Latest Renewable Rides Podcast Episodes
Episode #39 Beyond the Grid: Unlocking Energy Autonomy for Enterprises
Join our hosts Gareth Evans and Dan Roberts with gust of the hour, John Cooper, on this intriguing episode of the Renewable Rides. An esteemed pioneer in the renewable energy sector, Cooper explores the transition towards renewable energy practices and the escalating momentum behind the push for this positive change. He also shines a light on the crucial role of incorporating advanced technologies in enhancing grid resilience and reliability.
In this episode, dive into Cooper's journey and his imparted wisdom on establishing energy resilience in businesses. He emphasizes the importance of embracing advanced tech like Artificial Intelligence (AI), Virtual Power Plants (VPPs), and profound transformation as utilities prepare for the increasing energy demands. These innovations promise an energy sector ready to tackle whatever the future holds.
Episode #40: How Companies Can Set a Winning Energy Transition Strategy – Insights from Julia Hamm
Julia Hamm, Partner at The Ad Hoc Group and former CEO of the Smart Electric Power Alliance, joins the show today to share insights from her extensive career and her passion for connecting people in the energy sector. In this episode, Julia discusses the challenges utilities face in a growing market, the importance of affordable energy and investment in the system, and how businesses can start small on their sustainability journey.
Listen in as Julia talks about the power of utilities as orchestrators and connectors in this evolving landscape. You’ll learn about the need for businesses to transition into prosumers, interacting with utilities and the grid, and participating in demand management programs. With natural disasters becoming more frequent and severe, understanding the impact of power loss on business operations and ensuring resiliency is crucial for the future of energy, so don’t miss this important episode!
Empowering Businesses to Own Their Energy | CEO & Founder at VECKTA | Simplifying Onsite Energy for Sustainable, Profitable Success | Writer, Speaker & Podcast Host Inspiring Positive Change
8 个月So much good content, thanks for consolidating and sharing Sarah Riley ??