Adapt business models to present challenges in order to overcome them is the message from Enel CEO, Francesco Starace, who spoke at the 2018 Oxford Energy Seminar on 18 September. During his lecture, the CEO emphasised that every company is now affected by rapid and high-impact transformations. In sectors such as the energy sector, the digitalisation of processes and the unwavering progress made in materials science play a key role: “Together they are changing the way we produce, distribute and consume electricity.”
In the European Union, 95% of the 2050 decarbonisation objectives can be achieved simply through the electrification of transport, buildings and industry
Francesco Starace, Enel CEO
Francesco Starace also pointed out that both of these aspects also explain why renewable energies have become so competitive in such a short space of time. At the same time, while energy demand is showing a clear increase globally, electricity demand is growing “at double the pace.” This is therefore good news for the energy industry, and particularly the electricity sector.
In this context, companies bear a great responsibility: to guide the energy transition underway by bringing together business and sustainability. A difficult challenge, but, as Francesco Starace noted when referring to Eurelectric’s 2018 study, “in the European Union, 95% of the 2050 decarbonisation objectives can be achieved simply through the electrification of transport, buildings and industry.”
Understanding the evolutive dynamics and recognising their fast pace is therefore a fundamental starting point for being able to develop a business model oriented towards long-term growth in sustainability for all shareholders, as CEO Francesco Starace reiterated when bringing his lecture to a close.
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Enel editorial staff