McKinsey says that it supports power generation and utility companies to develop sustainability strategies through the energy transition.
The company provides clients with tools such as digitalisation, automation and AI.
Beyond technology McKinsey encourages clients to address the energy transition through spanning capital deployment, improving business cases, ensuring economic return , adjusting regulation and establishing continued political and public support.
McKinsey pioneers an offshore wind hub, supporting companies throughout the industry, helping with technological innovations, system integration and strategies.
Also providing support in the nuclear power sector such as advising on the design of new plants, introducing design-to-cost methods and developing supply and demand models.
Humayun Tai, Senior Partner at McKinsey & Co says: “What I find encouraging is that people are less likely than they were until only quite recently to say that the transition shouldn’t happen or that a push for a 2050 deadline is a waste of resources.
“There has been a change in mindset, particularly in the United States. Everybody I talk to and work with, such as clients and colleagues, believes in the need to head toward a net zero world.”
