Innovating and accelerating the energy transition in an increasingly competitive market
Business models that evolve and force transformations
Renewable energy:
The widespread adoption of renewable energies is held back by their astronomical production costs. Optimizing investment costs (CAPEX) and operating costs (OPEX) is therefore crucial to improve cost competitiveness. To accelerate project implementation and meet the growing demand, it’s essential to optimize performance across value chain. Avencore experts have access to multi-sector benchmarks and apply rigorous methodologies to build competitive industrial models that can be deployed on a large scale. Discover how we help a leading onshore wind industry player to improve the profitability of its Operations & Maintenance strategy in order to recover a positive EBITDA.
Conventional energy: a rapidly changing sector, characterized by major geopolitical shifts
To ensure their long-term survival, industry players must make technological innovation a priority and develop more efficient, sustainable solutions to extract, transport, and process energy resources. Additionally, volatility of the market prices are another major challenge for the traditional energy industries. To manage this instability, Avencore teams help their customers develop new risk management strategies, implement strategies to diversify their supply sources, and anticipate regulatory changes.
Green hydrogen: expensive expensive technologies and supply challenges that weigh down competitiveness
The viability of the promising green hydrogen sector depends on the ability of industrial players to design and build competitive production, transportation, and storage facilities. Developing new technologies and new high-performance, competitive materials will not be enough to meet the market’s expectations in terms of Levelized Cost Of Hydrogen (LCOH). It is crucial to develop standard, or at least configurable, blocks to take advantage of economies of scale, reduce development costs, and reduce risks. Avencore has already helped several players in the sector to define their product strategy and drastically reduce full-cycle engineering costs deploying large projects, by shifting from project-based engineering methods to a more product-centric mindset. For example…
Nuclear : Managing large-scale, long-term projects while controlling costs
Nuclear power plays a central role in North America’s base load generation capability. As demands from electrification and the expansion of AI compound, nuclear is getting more focus as a means of building a reliable, secure, and low cost electricity supply. To support this expansion, cost and risk must be reduced in each major project. Because we have been working with major nuclear players for more than 15 years, we are well-positioned to help clients control their costs and manage risk throughout every stage of the nuclear energy life cycle.
Avencore supports nuclear, hydrogen, and renewable energy manufacturers in their transitioning from immature technologies to industrialized products ready for large-scale production. This approach seeks to transform promising innovations into viable industrial solutions that make a major contribution to reducing carbon emissions on a global scale.
“In the race for renewables, and offshore wind energy in particular, the advantage given to the “first mover” that moves into the market will be decisive. Before we even attempt to win the many tenders that are sure to come our way, right now we need to take the risk of entering into long-term strategic partnerships with suppliers, take the risk of investing in reconverting assets from other industries, and take the risk of investing in manufacturing full-scale prototypes.”