At Clareo, we help energy companies envision and create their future.
The global energy industry is in transition, with significant changes in the way energy is generated, stored, distributed, and consumed. Business models are at risk, as supply and demand trends, price and cost curves, technology improvements, and sustainable development goals upset conventional thinking.
New entrants in the energy landscape are challenging the status quo, and positioning themselves as energy leaders of the future. They are often unconstrained by legacy capital assets and regulations. They drive relentless innovation by embracing experimentation and tolerating risks that incumbents find difficult to replicate.
The key question is no longer if the energy landscape will change, but one of when and how. Clareo works with companies to imagine future possibilities, and helps design and implement an innovation approach to drive future growth and value creation.
"We've partnered with Clareo to build a culture of innovation at Exelon, a culture where our leaders and employees embrace the changes underway in our industry and seek out new opportunities for growth and efficiencies."
-- Brian Hoff, Director of Corporate Innovation, Exelon Corporate Strategy, Innovation & Sustainability
The traditional model of centralized generation and one-way power flows is being challenged by changing customer expectations, new regulatory mandates, and the proliferation of Distributed Energy Resources (DER) – smaller scale power generation and storage that include solar, wind, battery storage, electric vehicles and other resources that reside behind the customer’s meter.
To adapt and thrive during this transformation, electric utilities must be able to meet demands for more renewable energy, improved system reliability, and lower energy costs. Digital transformation is happening at multiple levels in the industry – from grid modernization to customer solutions in the home – and must be leveraged with new approaches that require new business practices and capabilities.
Clareo has helped companies like Exelon, Constellation, Johnson Controls, Edison International and Baker Hughes adopt new approaches to innovation to meet the challenges posed by the changing energy landscape.
Oil & Gas
"Clareo helped the Castrol team reach further than it could on its own, by bringing in a broad range of perspectives and taking Castrol on an immersive, transformative journey designed to help it achieve a profound level of business insight and clarity."
-- Mike Johnson, Former CEO, Castrol
A new reality is emerging in the oil and gas services sector. Numerous forces are debunking industry orthodoxies and challenging industry players to envision the future in order to drive optionality in their businesses.
To adjust to this new reality, firms must create new points of value capture enabled by digital solutions, develop new business models, and operate with the speed and agility that is inherent in the Silicon Valley model and being demonstrated by the unconventional companies.
Clareo works with leading companies like Baker Hughes and BP to help them rethink their innovation approaches and increase the pace of innovation to drive growth in their organizations.
In The News
- Distributed Energy Resources Bring Benefits, Challenges and New Opportunities (POWER Magazine, Feb. 2018)
- Industry Seeks Nontraditional Digital Partners; Shale Players Turn to Regional Service Companies (SPE's Journal of Petroleum Technology, Aug. 2017)
- Dear Millennials, Big Oil Is Not Your Enemy (Oilprice.com, Aug. 2017)
- The US should take a lesson from the South Australian statewide blackout (LinkedIn, June 2017)
- How Can Service Companies Avoid 'Kodak Moments'? (Rigzone.com, June 2017)
- Video: Energy, Sustainability & Our Future: A Conversation with David Chen, Michael Wasielewski, & Peter Bryant (KIN Global 2017)
- Energy Industry Start-ups: How Are They Changing Power-Generation? (GE's Transform, May 2017)
- Oil Trends Flat Despite Big Numbers (US News & World Report, May 2017)
- Cost Reduction, Greater Efficiency Focus of Technology in 2017 (Rigzone.com, Jan. 2017)
- How Digital Transformation Will Impact OFS Business Models (Rigzone.com, Dec. 2016)
- Kuwait may look to pump prices to ease deficit (Gulf News Journal, Aug. 2016)
- Outlook Murky for Crude Oil Futures (TheStreet.com, Aug. 2016)
- Brexit rocks oil market; big questions remain (Gulf News Journal, June 2016)