Analysis and suggestions on accelerating the entry

Analysis and suggestions on accelerating the entry of oil and gas companies into the power industry

in view of the broad prospects of re electrification and electric vehicles, world-renowned oil and gas companies have accelerated their entry into the power industry chain and value chain in recent years, investing in renewable energy, energy storage and charging facilities on a large scale, and even directly providing power products and integrated services

comprehensive layout of large oil and gas companies. Since 2017, shell s No. 2: performance change detection shell has started large-scale mergers and acquisitions, and actively expanded the power industry chain, including power generation, power market transactions, power sales, energy storage, electric vehicle charging and integrated services. Shell plans to invest $2billion in the power business every year, develop into the world's largest power company by the beginning of 2030, and reduce its carbon emissions by 50% by 2050. Since 2011, total, the French total oil company, has begun to deploy photovoltaic, battery energy storage, power distribution, charging piles and other businesses, and plans to increase the proportion of low-carbon clean energy production to 20% by 2035. In 2017, BP returned to renewable energy and invested in biodiesel, biomass power generation, wind power and photovoltaic power generation. In 2018, it acquired chargemaster, the largest electric vehicle charging company in the UK, and invested in battery energy storage assets. China's major oil and gas companies have also successively entered the development of clean energy, electricity sales and other links

the pace of small oil and gas companies is faster. Since 2010, in less than 10 years, the former Danish oil and gas company Dong has completely changed from an energy company dominated by other fossil fuels to a new renewable energy company Orsted (see the link for details). In 2017, Orsted sold all oil and natural gas upstream businesses, with an installed power generation capacity of 8million kW, more than 70% of which are renewable energy (offshore wind power and biomass power generation); In that year, EBITDA reached US $3.4 billion, 91% of which came from wind power assets, and fossil energy related businesses accounted for only 1%. At present, Orsted has become a leading offshore wind power developer in Europe, with an offshore wind power capacity of more than 7million kW in production, financing and preliminary development. Orsted plans to have an installed capacity of offshore wind power of nearly 8million kW by 2020, retire all coal-fired power units by 2023, become an energy company with near zero emissions by 2025, and the installed capacity of renewable energy power generation will reach 30million kW by 2030. In addition to Orsted, smaller oil and gas companies in Norway, Spain and other countries, whose hardness value is determined by initial plastic deformation resistance and continuous plastic deformation resistance, are also actively transforming into the power industry

at present, renewable energy has become the lowest cost power supply mode in many regions, and it is one of the first choices for many power companies, enterprises outside the industry and users to invest. More than 160 large enterprises around the world have participated in the re100 movement (100% of the energy supply of enterprises is provided by renewable energy), which has become an important driving force for the development of renewable energy in recent years. It is worth noting that in addition to oil and gas companies, many start-ups, information and communication (ICT) companies are also actively entering the power industry chain. For example, digital intelligent energy solutions developed by Huawei and other information and communication enterprises; Google Corporation of the United States and the German e-on group cooperated in the sunroof project to develop roof photovoltaic resources in Germany by using Google maps, machine learning and other technologies, and provide convenient energy services by combining battery energy storage and e-on solarcloud cloud platform

will affect the service life of some components. Oil and gas companies and other non electric enterprises accelerate their entry into the power industry chain and value chain, which is an epitome of the current world energy transformation, highlighting the trend of cross-border integration. At the same time, as the power industry chain is "broken" in renewable energy and other links, the ecology and competition and cooperation pattern of the power industry are undergoing profound and irreversible changes. It is suggested to comply with the integration trend and industrial ecological changes, expand the scope, objects and fields of cooperation, and actively expand comprehensive energy supply and services. Consider cooperating with leading companies such as Orsted to jointly develop offshore wind power resources at home and abroad; Actively cooperate with Jinfeng, Yuanjing, Huawei and other companies, inject digital and intelligent genes into the company as soon as possible, and help the company improve its new competitive advantage