Driving procurement excellence for a sustainable energy future
Investment cost optimization
The path to net-zero is complex and time-critical. Supply chains are changing, and procurement excellence is essential to secure optimal outcomes from the huge capital investments required.
Risk assessment & supply chain resilience
The clean energy transition can be delivered only if the risks associated with supply chain disruptions and volatile energy markets are anticipated and effectively managed.
Sustainable procurement & innovation
Strategic procurement capabilities are key to helping energy companies integrate sustainability into their supply chains and ensuring access to sources of innovation
The mindset shift and future fit procurement practices
Meeting the challenges of the energy transition requires a new way of thinking about procurement. This is a critical strategic function that must be involved from the outset to optimize efficiency and deliverability. Key features of this shift include adopting a proactive, strategic approach to supply chains, building long-term partnerships with suppliers, and prioritizing transparency in supplier and market developments.Shaping the future of energy procurement
The energy sector is undergoing a rapid transformation, driven by the need to decarbonize power generation and electrify industries like transportation and heating. This shift demands large-scale investments, making procurement a critical enabler of cost optimization and innovation. INVERTO partners with energy companies to strategically manage these investments, reduce costs, and secure supply chain resilience. As the industry navigates
The energy industry’s key challenges
Fossil industry – oil, gas and coil
Fossil fuel companies must adapt business models and cost structures to changing demand: continuing to deliver existing products while embedding carbon reduction and developing new product portfolios. The companies must decide whether existing assets such as fuel storage and pipeline networks can be adapted to carry sustainable fuels such as hydrogen, synthetic or biofuels, and how to manage aging fossil assets as the huge financial and practical challenges of decommissioning come into focus.
In addressing all these challenges, procurement is a critical enabler of effective cost management and access to new sources of innovation.
Renewables
Offshore and onshore wind, large-scale solar and hydrogen projects depend on government subsidy and regulatory clarity, for example around permitting processes, to enable developments to go ahead.
Procurement expertise is essential to manage the risks of undertaking huge investments while achieving the rapid development that governments are demanding.
Energy networks and transition
The intermittency of wind and solar generation, coupled with huge growth in small-scale renewable generation, is creating much more complex challenges at the grid level. Heavy investment in energy storage and grid resilience will be required. In addition, electrification of the real estate and automotive sectors will increase demands on power networks and require new infrastructure, eg EV charging points.
Procurement teams must be closely involved in the planning of these capex programs and there must be tight collaboration between procurement and engineering. This is crucial, especially as the transition will require new and innovative suppliers that can meet changing requirements and collaborate to develop solutions .
Our insights from the energy sector
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