Francesco Starace at the Future of Energy Summit

Published on Wednesday, 10 October 2018

“In managing the energy transition, there are many possibilities for creating value”

– Francesco Starace, Enel CEO

In his talk during the plenary session on "Capturing Value - Energy Company Strategy", Francesco Starace emphasised how the energy transition that is currently underway has led major energy companies to redefine their business models in order to grasp opportunities to acquire value that is more sustainable. The CEO drew attention to the rapid pace of growth in renewables, which emerged in response to the need to diversify energy sources, outlining how the process has led to a wave of changes throughout the world.

Sources of renewable energy have therefore become very competitive and, thanks to the advances made in technology and digitalisation, new scenarios are now possible in which electricity plays a key role because it is capable of guaranteeing a reduction in greenhouse gases in sectors in which decarbonisation is often more difficult, such as heavy industry, transport and domestic heating. “In managing the energy transition, there are many possibilities for creating value,” explained Mr Starace at the Bloomberg NEF Future of Energy EMEA Summit. We just need to know how to best take advantage of them.

Enel editorial staff