Energy Innovation Practice
The energy industry is coming under increasing pressure from rapidly changing global forces, most prominent of which are climate change related, including rapid changes in the regulatory environment, increasing oil prices and growing global demand driven by emerging economies like China and India. However, the industry is also at the verge of an innovation cycle that is likely to transform it over the next decade.
The Energy Innovation Practice (EIP) is a multi-disciplinary group created by Enovio Consulting to support energy companies as they go through this transformation. Enovio Consulting is a fast-growing management consulting firm with current projects in Michigan, California, New York, Ohio, Illinois, as well as a growing international footprint, with a focus on the Middle East. Enovio provides senior management with advice in areas of strategy formulation and execution, operational improvement, project portfolio management, and risk management, with deep knowledge in several industries, including information technology, construction and energy.
Our clients vary from small startups that are driving technological and business innovations in the industry, to incumbents that are transforming themselves to adapt to these challenges. We provide deep industry knowledge and a broad perspective that covers business, legal, and financial angles.
We bring to our clients a broad range of services ranging from identifying green innovations, business planning and business building, monetizing carbon assets , identifying government incentives, to designing and implementing "green" energy-driven transformation programs.
Energy Innovation Identification
· Conducted a market scan to identify innovative technologies and startups in the "green concrete" space.
· Researched and profiled more than 60 innovations/ startup companies. Evaluated and prioritized each to identify targets for partnerships or acquisitions.
Carbon Asset Monetization
· Working with an international industrial chemical manufacturer to structure a combined-waste heat recovery investment including monetization of renewable energy credits.
· Created a unique funding structure for energy efficiency retrofit projects for an international operator of data centers including identification and monetization of carbon-related assets in several carbon regulatory systems and voluntary market transactions.
Green Incentives
· Supported a leading international renewable energy component manufacturer obtain carbon-related economic development incentives for its North American expansion.
· Secured Brownfield-related tax credits for a leading North American auto supplier expansion in response to Clean Air Act regulations.
· Assisted a leading international advanced alternative fuels company with negotiating incentive agreements at the federal, state and local levels.
Business Planning & Building
· Defined value proposition and created business plan for a for a venture-backed technology startup. Developed detailed, robust business models incorporating the most attractive commercialization opportunities.
· Evaluated potential revenue streams, including evaluating specific bundles of product/ market opportunities based on market analysis and segmentation for an IT startup.
Energy-Driven Transformation
· Helped a leading US utility company respond to new regulatory and industry changes from emerging green technologies, including the increasing number of wind and solar energy providers, and the required changes to the electric transmission grid.
· The program included organizational building, process improvements and re-engineering for the planning, engineering, procurement, and project management functions, performance system design and implementation, and IT systems updating and optimization.