We are amid an energy transition where the prime focus is renewable and clean energy. The ongoing Ukraine crisis and the rise of fuel and other energy resources spiraled the world into an unprecedented commodity and energy shock. It has beckoned us to look beyond traditional energy systems. The acceleration towards low-carbon energy systems continues to draw global attention, thus pointing towards a rapidly changing energy landscape.

Industries such as power, oil and gas, mining, steel, chemicals, and manufacturing are moving towards rapid adaptation of clean energy resources. The current crisis with fossil-fuel-based energy systems is quite alarming, and we must look for ways to transition to renewables and clean energy tech at the earliest. As per reports, Iceland has the largest renewable energy share in Total Final Energy Consumption.

More than 135 countries aim for net-zero greenhouse gas emissions, covering nearly 86% of global emissions. But the Covid aftershocks still prevail, making industries take a relook at their energy spending and utilization of renewable energy resources. Our dependence on fossil fuels has increased tremendously, reaching a zenith of consumption. As per IEA, Renewable energy has great potential to reduce prices and dependence on fossil fuels, but there must be competitiveness in harnessing the benefits of renewable and clean energy resources.

The Asia Pacific region has the highest energy consumption compared to any other region. The reasons could be several, such as high population, dense industrial development, and the rebound of the pandemic-led world for nearly two years. Approx. $366 billion was infused in renewables in 2021, and the number will rise steadily over the next couple of years.

Amid all the chaos, a few companies have sought to change how energy is expended, consumed, and generated. They have led the way for several industries and countries to work towards energy conservation via new clean energy alternatives consciously. Biogas, wind, water, and solar energy form the basis of harnessing clean energy.

In this special issue of CIOInsights, we present a wide point of view of some of the leading energy companies, Founders, and CXOs, globally. They address the nuances of energy consumption and how their companies and initiatives have impacted the economy, knowing there is scope to grow tremendously. We hope you enjoy this elaborate content as much as we enjoyed curating it for you.