Energy Trading Week Insider: navigating the digital energy transition
27 November 2023
In this interview, Howard Walker, CEO of America's for Commodities People, talks with Talis Bennett-Verschure, one of Baringa’s Energy and Resources experts about the digital energy transition and its impact on the energy market. They discuss the challenges organizations face in keeping up with rapid developments in technology and data insights, especially in the context of the ongoing energy transition towards low carbon solutions.
Talis highlights increased volatility in commodities due to geopolitical tensions and the energy transition. Businesses are striving to be scalable and flexible across people, processes, and technology to adapt to the changing market. Traditional Energy Trading and Risk Management (ETRM) systems are seen as insufficient for supporting new requirements associated with low carbon technologies and advanced analytics.
The conversation explores how the role of ETRM is evolving from being the central hub of trading data and technology to a more data-centric approach. Talis emphasizes the importance of low-code and no-code tools, quicker access to trusted data, and data analytics independence from IT. They also discuss where organizations stand in their data transformation journey, with some struggling to start, some losing sight of value capture, and others advanced but struggling to find experts to scale their technologies.
Overall, the interview sheds light on the challenges and opportunities presented by the digital energy transition and how organizations can navigate this complex landscape with the help of experts like Baringa.
Related Insights
Carbon capture heats up in Asia: Will it cool down the planet?
Carbon capture’s rising role in Asia’s energy transition
Read more
From ambition to action: Making the most of the Warm Homes Plan
An expert roundtable discussion on the UK Warm Homes Plan, exploring how government, local authorities and industry can deliver home energy retrofits at scale, reduce fuel poverty and accelerate low‑carbon housing.
Read more
Middle East crisis 2026: impact on global gas markets
Explore how the crisis is disrupting global gas markets. Baringa’s analysis covers LNG flows, price impacts and risk scenarios for organisations.
Read more
Unlocking private capital: scaling investment in the CCS sector
Unlock the next wave of CCS investment. Discover how the financial services sector can scale viable models, reduce risk and mobilise private capital for commercial CCS deployment.
Read moreIs digital and AI delivering what your business needs?
Digital and AI can solve your toughest challenges and elevate your business performance. But success isn’t always straightforward. Where can you unlock opportunity? And what does it take to set the foundation for lasting success?