Published:
February 20, 2020
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Owning the Energy Transition More...
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Further Reading
Shell's response to COVID-19 losses shows how the crisis accelerates the energy transition
Analyst Insight | October 01, 2020
Shell announced today (September 30, 2020) that it will cut up to 9,000 jobs in response to the severe reduction in revenue as a consequence of the COVID‑19 pandemic. Acting now is a matter of urgency for Shell This announcement is hardly a surprise – Shell has been hit very hard by the ... Not part of subscription
U.S. telco industry spending billions to provide barely adequate 5G service
News Commentary | December 11, 2020
Bidders, led by mobile network operators, are expected to spend more that $50 billion to acquire C‑band spectrum rights enabling midband 5G coverage across the U.S. The FCC opened the auction December 8, with $1.7 billion in bids. While there is a lot of spectrum to be had (280 MHz), the midband ... Not part of subscription
Keppel Offshore & Marine posts losses of S$1.2 billion in 2020; shifting focus towards emerging gas and renewable energy projects
News Commentary | January 30, 2021
The impact of COVID‑19 on the energy sector continues to accelerate the energy transition, forcing many incumbent players to reassess their strategies. Keppel O&M's decision comes as no surprise as it looks to leverage its offshore expertise for offshore gas and renewable projects, such as ... Not part of subscription
by Patricia Seoane da Silva
This decision comes shortly after Alphabet’s 2019 earnings report, which shows that losses from the Other Bets division that Makani was part of increased from around $3.4 billion in 2018 to just above $4.8 billion in 2019. Likely in response to these results, Google's parent company decided to abandon its efforts to develop Makani's solution, stating that commercialization will take longer than expected. Despite being ahead of competitors (e.g., Ampyx Power) in terms of rated capacity, Makani's airborne wind system is challenged by its complex design (i.e., DC configuration and use of a conductive tether). Clients should be aware of these difficulties and monitor Makani's ongoing collaboration with Shell to set long-term expectations.
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