Our CEO, Dev Sanyal was at the Energy Intelligence Forum, in a panel with Jason Bordoff, Director of the Centre on Global Energy Policy at Columbia University and Ben Harris, US Assistant Secretary of Treasury, moderated by Abhi Rajendran of Energy Intelligence.
He shared his views on the current extraordinary macro context from a “problem and cure” perspective. While the problems can be summarised in three “I”s: 𝗜𝗻𝗳𝗹𝗮𝘁𝗶𝗼𝗻, 𝗜𝗻𝘀𝘁𝗮𝗯𝗶𝗹𝗶𝘁𝘆 and 𝗜𝗻𝘀𝗲𝗰𝘂𝗿𝗶𝘁𝘆. The cures can be summed up in a trilogy of “mores”:
· 𝗠𝗼𝗿𝗲 𝗲𝗻𝗲𝗿𝗴𝘆 𝘀𝗼𝘂𝗿𝗰𝗲𝘀 to enable a more diversified energy mix. At VARO, we are allocating two-thirds of our total investments in the next five years for integrated sustainable energy solutions across sectors.
· 𝗠𝗼𝗿𝗲 𝗶𝗻𝗻𝗼𝘃𝗮𝘁𝗶𝗼𝗻 by deploying technologies to create new business models and lower the cost of new energies. This includes building new assets and businesses through our “Strategic Accelerators” but also repurposing our existing infrastructure.
· 𝗠𝗼𝗿𝗲 𝗣𝗮𝗿𝘁𝗻𝗲𝗿𝘀𝗵𝗶𝗽𝘀 between customers, governments and companies. We are establishing our Customer Lighthouses in our chosen segments with our customers to help them secure reliable energy as well as decarbonised and diversified energies.
In a subsequent fireside chat with Julien Mathonnière, he reinforced that those cures are enablers to provide the energy our customers want, in the way that they want. At VARO, we believe the world needs to move in two dimensions or what we call the “twin engines”– providing reliable energy today but also building more diversified sources of energy in the future. We call this “democratizing” energy.