Oil & Gas Innovation Tracker—Upstream Electrification
Dynamic Companies Driving Innovation to Meet Decarbonization and Net Zero Goals through Electrification
10-Nov-2022
Global
Market Research
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
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 |