Dynamic Companies Driving Innovation to Meet Decarbonization and Net Zero Goals through Electrification
10-Nov-2022
Global
Market Research
K849-01-00-00-00
EG02279-GL-MT_27103
As decarbonization strategies gather pace across industries, the electrification of processes in the oil and gas (O&G) industry is emerging as a pillar of growth opportunity and innovation. Frost & Sullivan has identified a complex and dynamic value chain and set of process steps where opportunities await.
Despite the significant potential to reduce carbon emissions, the electrification of O&G operations remains nascent. However, innovation among suppliers and supporting policies and regulatory frameworks from governments will boost adoption.
Most electrification technologies are commercially available, yet the high capital costs associated with replacing existing fossil fuel-based infrastructure, steep electricity prices, lack of government incentives, and poor awareness are significant barriers to O&G electrification. Yet these restraints are changing as decarbonization goals become more urgent and a period of growth for electrification looms.
This study looks specifically at 6 dynamic firms that are making a significant impact on the innovation agenda for electrification in the O&G sector and associated industries.
Why is it Increasingly Difficult to Grow?
The Strategic Imperative 8™
The Impact of the Top 3 Strategic Imperatives on the Oil and Gas (O&G) Electrification Industry
Growth Opportunities Fuel the Growth Pipeline Engine™
Electrification Enablers
Main Benefits of Upstream Electrification
How Can Electrification of the Upstream O&G Sector Occur?
Companies to Action—Brief Introduction
Innovation Target
Elcogen—Company Profile
Elcogen—Analyst Viewpoint
Blue Logic—Company Profile
Blue Logic—Analyst Viewpoint
RedWave Energy (RedWave)—Company Profile
RedWave—Analyst Viewpoint
Merus Power—Company Profile
Merus Power—Analyst Viewpoint
Total Energy Solutions
Total Energy Solutions—Analyst Viewpoint
AGreatE—Company Profile
AGreatE—Analyst Viewpoint
The Last Word
The Last Word (continued)
Scoring Methodology
Growth Opportunity 1—Floating Solar Energy
Growth Opportunity 1—Floating Solar Energy (continued)
Growth Opportunity 2—Power Conversion Technologies
Growth Opportunity 2—Power Conversion Technologies (continued)
Growth Opportunity 3—Subsea Electrification
Growth Opportunity 3—Subsea Electrification (continued)
Legal Disclaimer
Speak directly with our analytics experts for tailored recommendations.
Recent related Energy research
28 Sep 2026 | Global | Technology Research
CO₂ Gas Injection for Enhanced Oil Recovery and Carbon Utilization
CO₂ gas injection for enhanced oil recovery (CO₂-EOR) is a mature tertiary recovery technology that improves oil production from depleted reservoirs while enabling long-term geological carbon storage. This report provides a fundamental overview of oil recovery, covering primary, secondary, and terti...
28 Sep 2026 | Global | Technology Research
CO₂ Gas Injection for Enhanced Oil Recovery and Carbon Utilization
CO₂ gas injection for enhanced oil recovery (CO₂-EOR) is a mature tertiary recovery technology that improves oil production from depleted reservoirs while enabling long-term geological carbon storage. This report provides a fundamental overview of oil recovery, covering primary, secondary, and terti...
28 Sep 2026 | Global | Technology Research
Quasi-Solid-State Batteries: Key Innovations Transforming Electrochemical Energy Storage Systems
Quasi-solid-state batteries (QSSBs) are emerging as a promising next-generation lithium battery technology that bridges the gap between conventional lithium-ion batteries (LIBs) and all-solid-state batteries (ASSBs). By integrating a confined liquid electrolyte within a polymer, inorganic, or hybrid...
18 Sep 2026 | Global | Technology Research
Innovations in Electrolyzers, Process Heat Electrification, LDES, Thermal Energy Conversion, Tidal Energy, Superconducting Materials, and Solid Oxide Fuel Cells
This edition of the Energy & Power Systems (EPS) TOE features information about the innovations in AEM electrolyzer technology, data center power delivery, alkaline electrolyzer, process heat electrification, LDES, tidal energy, superconducting energy storage, among others.The Energy and Power Syste...
11 Sep 2026 | Global | Technology Research
Innovations in Leak Detection Solutions, Well Integrity Enhancement, Subsea Inspection, Cryogenic Processing, and Enhanced Oil Recovery
This edition of the Oil and Gas (O&G) Technology Opportunity Engines features information on innovations in drilling automation, lead detection technology, downhole monitoring, cryogenic processing, enhanced oil monitoring, methane leak detection, among others.The Oil and Gas TOE provides intelligen...
Purchase includes:
- Report download
- Growth Dialog™ with our experts
Growth Dialog™
A tailored session with you where we identify the:- Strategic Imperatives
- Growth Opportunities
- Best Practices
- Companies to Action
Impacting your company's future growth potential.
| Deliverable Type | Market Research |
|---|---|
| Author | Agustina DeSarriera |
| Industries | Energy |
| No Index | No |
| Is Prebook | No |
| Podcast | No |
| WIP Number | K849-01-00-00-00 |
Oil & Gas Innovation Tracker—Upstream Electrification
$2,450.00
Special Price $1,837.50 save 25 %