Kate Bragg, Head of M&A and Strategy, is giving her take on the energy market at Rystad Energy’s annual Energy Transition Marathon event today, 3 May 2022. For those of us who will miss it, here’s a buzzworthy extract of what she had to say.
Future energy growth will be driven by…
Kate: Renewable energy. Solar and wind are the bread and butter, and hydropower is another layer on top. When combined with a side of storage systems, think batteries and hydrogen, we’ll know we’ve achieved the energy future we need.
The best form of renewable energy is…
Kate: Impossible to say, as we need all of them, together. That’s why we at Scatec are looking across the renewables space and exploring green solutions in addition to ensure that we cover the spectrum of energy needs. It of course is also driven by the need of the market and customers.
The primary driver behind the shift to renewable energy is…
Kate: The right policies. We need a significant policy push if we want to limit global warming to 1.5 degrees Celsius. Europe is doing well, but we need to see similar policy ambitions in the rest of the world. Bankable projects are also key!
The secret to ensuring that Scatec keeps on growing is…
Kate: Us. The Scatec team. We’re the secret to our own success, and it’s up to us to meet our future production goals. It’s going to take partnerships, strong market understanding and the ability to be first movers – building scale and taking some bets, such as on green hydrogen, along the way.
Finish this sentence. We know a market is great for Scatec when…
Kate: When the market exhibits a high demand for new power to support economic development. They may have a carbon-intensive power sector at present, and they need to transition to meet climate targets. Ideally, they should also have a regulatory framework that supports the use of international, private capital to build out their renewables infrastructure. Those are the markets that are ideal for us.
Read more about the event here.