The Importance of Change During the Climate Emergency.
The Climate Emergency is here, that is certain. And the energy industry is adapting at pace.
In 2016 there was widespread panic about the price of oil, and yet the price is now almost double what it was then, operators are still facing a lot of challenges. The industry is under pressure to adapt and address the global climate crisis we now face, while still remaining profitable. Thus, a crisis is always an opportunity.
Since 2016 a lot has happened. The effects of climate change are felt globally. And we are now faced with COVID-19, forcing us to pause and reflect even more.
The energy industry is aware that CHANGE is needed, even O&G companies know this. The energy industry needs to find solutions to tackle this challenge. Within the oil and gas industry it is very common to hear “yes, it is true but how are cars, boats, planes going to work?”. That is a good question, what will the climate friendly vehicle of the future run on?
Tesla has shown how an electric car can be stylish, efficient, and nice. But it is not just Tesla that has shown this. Have you seen the Porche, Taycan? Or looked closer at Nissan? Across the vehicle manufacturing industry, companies are working towards different electric vehicles for the future.
And then we look at hydrogen as a fuel source for vessels and planes. Yes, it is not going to happen overnight, but it is here and will remain for many years to come.
I am not an expert or guru of any kind, but I truly believe that what the energy industry needs is a revolution in order to make our world a better place to live for future generations. Sustainable Mobility and Decarbonisation play a key role in this mix.
Tesla, Porche and Nissan sound great, but we need more. We need to establish a whole supply chain of technologies to make this happen!
That’s the reason why the MSIP Accelerator was established, to support those SMEs and entrepreneurs with great ideas and projects to make this a reality. From data, software, efficient engines, collectors, tools, etc. everything plays a critical part in this exciting revolution.
Change is inevitable and as the revolutionary GE’s CEO, Jack Welch said “If the rate of change on the outside exceeds the rate of change on the inside, the end is near.”
Thus, another good reason to be part of our forthcoming MSIP Accelerator Cohort 2, to make sure you are in the right place at the right time.
It is true that government and other organisations can do more to help the industry to develop and implement these new solutions. Innovation programmes should be more flexible, better funded and include further tax deductions for those companies and projects, who can offer alternatives to fossil fuels.
This is our contribution.
I am sure there are many people out there with great ideas and plans that may contribute to the end of this crisis. If you are one of them, please apply for the MSIP Accelerator Cohort 2.
David Garcia, Scottish Enterprise
To find out more about our Accelerator Programme click here.
Applications close on the 22nd February 2021, please register your interest here.