Embracing Energy Transition Challenges in R&D

HOUSTON—Energy industry experts addressed concerns surrounding the energy transition and how it will affect company leadership, costs and revenue during a panel on Dec. 8 at the 23^rd World Petroleum Congress.

Frank Behrendt, chair of energy process engineering and conversion techniques of renewable energies with the Berlin Institute of Technology, moderated the “Driving Innovation: Key Challenges in R&D” panel comprising energy officials from France, Saudi Arabia and the U.S., who weighed in on how their companies are dealing with the issues of costs, resource allocation and collaborative efforts in R&D as they embrace the energy transition.

Despite the progression of the energy transition, some companies and industries have been hesitant to get on board with the changes. Pierre-Franck Chevet, chairman and CEO of IFP Energies Nouvelles, encouraged energy professionals to embrace the changes that the industry is facing and put in the work to be an example for other sectors.