The Masterclass of Energy
I love to cook. I have recently learned how to make tagliatelle from Massimo Battura, chef of the three-Michelin-star Osteria Francescana, and how to take fried chicken to an amazing gourmet level from Thomas Keller, the only American-born chef to hold multiple Michelin three-star ratings. How have I been able to learn from the world’s greatest chefs? Masterclass, an online learning platform where the world’s most successful people in their field teach the thing that made them successful.
Since joining DNV GL in 2018, I have had the great opportunity to learn every day from the world’s best experts in energy – DNV GL’s own Energy Masterclass, per se – and have been able to apply their experiences to my own 30+ years serving the competitive energy industry. Unlike Massimo Battura and Thomas Keller, we come to work every day to find comprehensive solutions to our customers’ problems, not to showcase our extraordinary talents. It was Chef Gordon Ramsey who said,
“So when people ask me, ‘What do you think of Michelin?’ I don’t cook for guides. I cook for customers.”
To kick off the new decade, DNV GL reviewed its purpose, vision and values to ensure it aligned with our current reason for being, to ensure our vision expresses our ambition for the business and sets a direction in the long term. DNV GL’s purpose remained unchanged: to safeguard life, property and the environment. Its vision is to be a trusted voice to tackle global transformations. Its values are:
- We care
- We share
- We dare
With that, I am pleased to share DNV GL’s Energy Masterclass to tackle the global transformation that is upon us all – to develop winning strategies that sustain the energy transition. More on that below, but first:
We know that technology can deliver the future we desire, including meeting the 1.5° warming ambition set out in the Paris Agreement. The critical questions are how and when that technology is to be applied, and the strength of decarbonization policies. Despite the federal government’s position, the world knows the United States plays a leading role in delivering the COP 21 1.5°C target. What the average citizen may not understand, however, is that the country’s patchwork regulatory framework makes it increasingly more of a challenge to achieve. In step local governments, regulatory agencies, corporations, energy suppliers and innovative businesses of every kind to mitigate the impacts of climate change. Everyone accepts they have a role, making the fragmented energy markets throughout the United States increasingly more competitive and inefficient for businesses to operate.
To mitigate these inefficiencies, investors (as I broadly reference the term applying to any company with a vested interest in advancing their energy strategy) need certainty in their investment, and in their business decisions. By supporting energy players of every kind across the United States, not to mention the globe along every link in the energy value chain, DNV GL acquires an immense amount of knowledge about what is considered “industry standard” and, more importantly, what is not. These unfolding standards of practice, or what we call transformations, are the cusp of innovation and great opportunity. Additionally, DNV GL devotes 5% of its revenue to investments in strategic research, technology development and innovation efforts to better prepare our customers and ourselves to tackle the many transformations unfolding in today’s business environment.
“Cooking is like painting or writing a song. Just as there are only so many notes or colors, there are only so many flavors—it’s how you combine them that sets you apart.” – Wolfgang Puck
To prepare our customers for the global transformations unfolding before us, DNV GL’s experts in distributed energy resources (DER), solar energy, energy storage, electrified transportation, customer-decision sciences, decarbonization, competitive markets and grid services are sharing their strategic insight into the untapped value of U.S. energy markets and today’s advancing technology. We are sharing the ingredients for success in:
- Small scale solar and energy storage
- Community solar and storage
- Electrified transportation
- Community choice aggregation
In addition to the 67% of utility-scale solar generation that will contribute to the COP21 ambitions, these all-in strategies represent several of the competitive strategies businesses are leveraging to benefit from the energy transition and expand access to customers. To access these market assessments, see DNV GL’s Premium Access: Competitive Energy Insights.
DNV GL’s insight into these strategic development areas will ignite a global competition of ideas on how investors (broadly referenced) can extract more value from energy markets and today’s advancing technology. To build on a masterclass of DNV GL insights, we will be sharing the stories of executives taking business-as-unusual actions today to accelerate the energy transition.
Join us for this competition of ideas during DNV GL’s Outlook to Action webinar series, starting with our conversation with sonnen Vice President of Premium Projects and Products, Adam Gentner, to learn the actions this Shell company is taking to overcome the uncertainties presented by climate change to lead the company in achieving its sky scenario.
“Cooking requires confident guesswork and improvisation—experimentation and substitution, dealing with failure and uncertainty in a creative way.” – Paul Theroux