Find out what energy executives think will be the biggest disruptor over next two years
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“Companies have seen that the way to thrive and remain competitive is by ensuring that their organizations are continually making growth,” Regina Mayor, national sector leader for energy, natural resources and chemicals for KPMG LLP, said in a statement. Mayor is based in KPMG’s Houston office.
In addition, the majority of executives think technology as it relates to renewable energy will be the biggest disrupter for the power and utilities sector.
“Despite the significant changes that have affected utilities, fundamental transformation is on the horizon,” said Mayor.
92% — The percentage of polled energy executives who expect to be involved in a merger or acquisition in the next two years.
94% — The percentage of polled energy executives who say that continued volatility in oil prices, plus the regulatory environment, will require significant changes to their business models over the next three to five years.
38% — Executives who say the most strategic approach would be acquiring assets versus an entire company.
51% — Executives who believe restructuring/bankruptcy opportunities will be the primary driver of acquisition activity.
67% — Executives who cited scale and growth of renewable technologies as the top disruptive trend shaping the utilities sector.
62% — Executives who estimate that the U.S. will have a renewable footprint of 50 percent by 2045 or sooner.
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