Growth & Expansion: Strategies for Utility Companies
The energy sector is constantly growing and changing, with a never-ending stream of mergers, acquisitions, and alliances. Add to that the explosive growth of new systems and technologies, an increasing societal focus on our environmental impact, and one has a recipe for unprecedented volatility and risk. At the same time, there are unprecedented new opportunities.
Several years ago, I watched from the railing of a ferry in the Mount Hope Bay in Southeastern, Massachusetts as developers blew up twin 500-foot cooling towers that had only been in service for five years earlier…at a cost of $570 million. As the towers buckled and collapsed, and a huge plume of dust arced into the sky and obscured the horizon, I thought, “What could have been done to prevent this waste?”
Your company is no different from others on this planet. It also faces these challenges and opportunities. The decisions you make today will be critically important for the future health of your organization. I will guide your leadership in developing strategies to answer these questions:
• How does our industry stay ahead of technological advances?
• How can anyone ensure that the new methods introduced today will be relevant and cost-efficient for the long term?
• What expectations are reasonable as the industry – and world awareness of the urgency for change – shifts on its axis?
• What signals should you be watching? What are the canaries in the coal mines telling us?
This highly-customizable, often eye-opening presentation is designed specifically for companies operating in the utilities or energy industry already – who want to be as nimble and prepared for change as they are well-positioned for long term growth and enhanced profitability.