Power, Utilities and Renewables Protiviti partners with power, utilities and renewables leaders to help achieve greater confidence in changing environments. In today’s rapidly evolving environment, a trusted advisor — who not only provides relevant insights but delivers a combination of strategic vision, proven expertise and practical experience — can enhance the value of your business. With our diverse history of working across energy sectors, we provide clients with the necessary experience to solve any challenges. 2024 Top Risks in the Energy & Utilities Industry Resistance to change has long been a hallmark of the energy and utilities industry. But forward-thinking leaders are realizing that the only status quo that will allow their businesses to evolve operationally, digitally and culturally to meet new demands and expectations, drive innovation, and help share the energy industry of the future is one of continuous changes and strategic risk-taking. Learn More Challenges and Opportunities Power, utilities and renewables are facing a number of critical challenges and trends in the market, from infrastructure demands to calls to improve the customer experience to talent demands and much more. Learn More What we do Challenges and Opportunities Sectors we serve Our services Insights Leadership Connect Sectors we serve Pro Briefcase Power and Utilities Protiviti helps utility, pipeline and transmission companies identify, measure and manage their regulatory, financial, operational and technology-related risks. Our energy professionals possess innovative expertise and a wide range of industry experiences. Pro Building office Renewables In the global transition to reduce carbon, all organisations are being impacted. As the renewable energy market expands, Protiviti helps organisations use every advantage available to strengthen their competitive stance, increase efficiencies and reduce costs. Our Power, Utilities, and Renewables services In today’s rapidly evolving environment, a trusted advisor — who not only provides relevant insights but delivers a combination of strategic vision, proven expertise and practical experience — can enhance the value of your business. Our consulting experts provide solutions tailored to your organisation and industry’s unique needs in the following areas: Operational efficiency Optimise operations during challenging circumstances We help you identify the people, processes and systems to optimise operations during challenging circumstances. This drives increased efficiency and scalability and makes the best use of technology and other resources to optimise the supply chain and working capital. Optimise operations during challenging circumstances Digital and Advanced analytics Revamp processes to be more efficient and insightful Understand the opportunities represented by new technologies and apply them to improve performance: Leverage machine learning and AI to support advanced analytics Identify improvements and adopt digital transformation initiatives, such as robotic process automation Revamp processes to be more efficient and insightful IT and OT cybersecurity Protect your business and your customers Develop solutions in IT strategy, applications, cloud, security and privacy, and data and analytics: Adopt opportunistic business models that embrace IT and make effective use of emerging technology Master and maintain control over the ever-evolving cyber threat landscape Protect your business and your customers Energy transition Understand market trends and opportunities As the global energy sector shifts from fossil-based fuels to more renewable-based sources, clients need support. We assist with expertise in information technology, carbon smart technology, policy frameworks and market instruments, among others. Understand market trends and opportunities Workforce transformation (Managed services) Increased performance and efficiency in finance and accounting Realise increased performance and efficiency in finance and accounting, integration, cash acceleration and more: Offload peak volume and transaction processing backlogs Design and implement shared services model Increased performance and efficiency in finance and accounting Technology modernisation Leverage the power of new technologies Leverage technology and digitalisation to help companies retain a competitive stance, increase efficiencies, and reduce costs: Establish a transformational program to replace or update aging systems and software Improve productivity by revamping processes that are repetitive, time consuming and inefficient Combine data from mergers and acquisitions to unlock insights from data in different systems Integrate digital platforms to collaborate with ecosystem, reduce costs and provide operational transparency Leverage the power of new technologies Transaction support Support the evolution Support the evolution of the business to capitalise on strategic opportunities: Achieve objectives while mastering compliance, investigations and risk management Analyse and support merger and acquisition integrations, restructuring and liquidity management Support the evolution Innovation services Conduct ideation sessions to inspire team creativity. Translate ideas into solutions that address challenges and create value: Build an inspiring organisational culture that promotes innovation and creative thinking Conduct ideation sessions to inspire team creativity Conduct ideation sessions to inspire team creativity. Next-Gen internal audit Grow confidence to meet ever-changing business challenges Use internal audit to gain insight and grow confidence to meet ever-changing business challenges: Convert internal audit into a resource for business knowledge and analysis Develop solutions that address complex business and industry compliance challenges Grow confidence to meet ever-changing business challenges BLOG A Shift in View: Energy and Utilities Organizations Replace Risks Related to Change With More Pressing Concerns New environment: Cybersecurity and heightened regulatory scrutiny became two of the major concerns for energy and utilities companies in 2024, as noted in our Executive Perspectives on Top Risks Survey. This is a significant change in perspective... BLOG AI Is a Double-Edged Sword of Business Opportunity and Cybersecurity Risk for E&U Industry The challenge: Companies in the energy and utilities (E&U) industry are moving fast to adopt artificial intelligence (AI), including generative AI, to increase their competitive edge. But while AI can help these firms to drive innovation, boost... BLOG Energy Transition: GHG Emissions Reductions for the Oil and Gas Industry Oil and gas industry leaders are increasingly adopting net-zero targets for emissions reduction, focusing on Scope 1 and Scope 2 emissions. However, Scope 3 emissions, which account for 80% of the industry's GHG emissions, remain a challenge. Why... BLOG Post-Quantum World Podcast: Solving Energy Distribution Challenges Have you tuned into my Post-Quantum World podcast lately? In this regular series, I talk with some of the world’s leading quantum experts to help business and technical leaders understand how the disruption and opportunities quantum computing is... BLOG Smoothing the Electrification Transition: Why the Power Industry Is Adopting AI The big picture: A revolutionary energy transition fueled by growing renewable power generation is dramatically increase electricity’s usage compared with other energy sources over the next quarter century. By the numbers: One of the biggest... BLOG Prioritizing Cybersecurity in the Energy and Utilities Industry At a glance The big picture As the E&U industry becomes increasingly reliant on technology to perform business operations, securing the systems becomes fundamentally important. Attacks in the industry can lead to serious consequences, including... Button Button Pro Location Globe Quarterly Energy Newsletter Subscribe to receive Protiviti’s quarterly energy industry newsletter by email. Subscribe Pro Document Stack Connect with Us Perspectives From Our Experts on Market Trends, Business Developments and Risks Connect Leadership Tyler Chase Tyler is the Global leader of Protiviti’s Energy and Utilities (E&U) industry, which covers all segments of the Oil and Gas value chain, Power & Utilities, Renewables, and Mining. In this role, Tyler ensures that Protiviti has robust offerings in Internal Audit ... Learn More Guido Zanetti Guido is Managing Director, Global Power & Utilities sector leader and head of the Italian Risk & Sustainability practice in non financial institutions. Before joining Protiviti in 2004, Guido worked four years in the consulting practice of Deloitte focusing on ... Learn More
