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Second annual Enterprise Vitality Census highlights rising demand for renewables, strategic focus and expectations of upper costs and volatility
HOUSTON, Texas — ENGIE Assets, a number one industrial electrical energy supplier and America’s Vitality Greentailer™, in collaboration with Vitality Analysis Consulting Group (“ERCG”), this week introduced the discharge of the second annual North American Enterprise Vitality Census. This complete report affords precious market insights and opinions from over 100 aggregators, brokers and consultants (ABCs), representing roughly 1.07 million end-use buyer areas, reinforcing ENGIE Assets’ place as a thought chief within the Renewable Vitality area.
As an affiliate of ENGIE North America (ENGIE) and a part of the ENGIE Group, a worldwide chief within the Internet Zero vitality transition, ENGIE Assets goals to ship journey-specific insights from numerous companies throughout varied geographical areas, income brackets and enterprise fashions.
“As the energy landscape evolves, accurate supplier data and industry statistics are crucial for shaping a sustainable energy strategy,” stated J.D. Burrows, Vice President of Buyer Analytics and Engagement at ENGIE Assets. “Our goal is to empower businesses with actionable insights that drive informed decisions and the adoption of green energy solutions.”
Primarily based on months of complete analysis, ENGIE’s annual Enterprise Vitality Census report highlights the evolving vitality sector and the rising significance of strategic vitality administration for companies of all sizes. Survey members embrace a spectrum of roles, spanning from homeowners and C-Suite executives to gross sales and operation managers. The 2024 Enterprise Vitality Census identifies a number of mega-trends that point out heightened volatility and uncertainty within the vitality market, together with:
Pattern One — Shifting Strategic Views — 57% of respondents, up from 43%, within the earlier yr, imagine that the strategic significance of vitality has grown to achieve a degree of equilibrium. This variation aligns with the stabilization of vitality costs and rising confidence within the effectiveness of current vitality methods.
Pattern Two — Forecast of Rising Costs and Volatility — 40% of respondents anticipate energy and pure gasoline costs and volatility to extend, suggesting a necessity for extra strong danger administration methods.
Pattern Three — The Rise in Inexperienced Premium Acceptance — There is a rise in willingness to pay a premium for Inexperienced Vitality. 62% of consumers are prepared to pay a small premium, in comparison with 56% in 2023, indicating a rising acceptance of inexperienced vitality options. Yr to yr, we’ve got additionally seen a lower from 28% to 18% of survey members who stated their clients aren’t prepared to pay any premium in any respect for renewable vitality. These traits may very well be a sign of the way forward for vitality and a rise in firm initiatives to transition to net-zero emissions.
Pattern 4 — From Coverage to Motion: Strengthening Regulatory Help — Respondents expressed a notable insecurity within the regulators’ capacity to construction markets conducive to fostering three ideas: competitors, transparency and innovation. Regardless of the overarching sentiment, there’s a marked enchancment in attitudes in comparison with 2023, hinting at a rising perception that regulatory help is on an upward trajectory, albeit slowly.
Pattern 5 — Driving Forces: Vitality’s Impression on Mergers and Acquisitions — 45% of respondents reported that vitality costs and volatility are much less of a disruptive pressure in deterring or delaying main initiatives reminiscent of mergers, acquisitions and expansions in comparison with earlier years. This shift signifies a stabilizing impact of the vitality market on strategic company decision-making.
Pattern Six — From Information to Choices: Empowering Stakeholders with Market Insights — 48% of Texas respondents imagine that present market data is insufficient for making knowledgeable selections, surpassing the nationwide dissatisfaction charge by 11%. There’s a clear indication that market members are advocating for extra and higher vitality market data.
“Too often, we hear from people outside our industry telling us what business customers are looking for in their energy solutions,” stated Younger Kim, Principal at Vitality Analysis Consulting Group. “It is about time that our industry speaks for itself. I am proud to partner with ENGIE Resources to cover the most pressing energy issues affecting the business community and to reveal key insights that our industry can use.”
By way of the 2024 Enterprise Vitality Census clients and companions can discover observations that affirm the technique to help the event and supply of inexperienced vitality options for energy and gasoline clients.
To view the entire survey report, please go to www.engie-na.com/2024census.
Press launch from ENGIE North America.
