Energy Transition

Over the last two decades energy security has become a defining issue for governments and businesses alike, as global demand rises and supply chains face increasing strain. Geopolitical conflicts have exposed vulnerabilities in the global energy order, perfectly exemplified after the closing of the Strait of Hormuz, cutting off a key artery in oil transport and causing the price of Brent to soar to a peak of $126 per barrel.

This has far-reaching implications for almost every aspect of the economy, most notably manufacturing and transport, and has quickly led to product shortages and skyrocketing operating costs.

Countries are now balancing the need for sustainability with the reality of energy independence, investing in diverse sources such as wind, solar, and nuclear power. For organisations, energy security is no longer just a policy concern but a strategic priority.