Equinor has launched a new business unit that integrates its renewable energy assets with flexible energy solutions. This strategy aims to boost value creation by aligning with the growing energy demand driven by the electrification of society, artificial intelligence, and data centers.
Equinor’s integration of renewable and flexible energies
The company has stood out in recent years for its strong investment in renewable energy projects. Its expanding portfolio includes offshore wind projects in the United Kingdom, the United States, and Poland. The new business unit, called PWR , will merge the Renewables division ( REN ) with the flexible energy assets of Marketing, Midstream, and Processing ( MMP ), creating a more integrated and efficient structure.
This restructuring responds to a global energy environment in which demand for electricity from renewable sources continues to increase. However, the need for flexible energy sources, such as gas and storage, remains essential to ensure stable supply in a changing market.
Equinor ‘s most notable projects include three mega offshore wind projects in advanced stages in the United Kingdom, the United States, and Poland. In addition, the company has increased its presence in the energy storage sector. Through this integration, Equinor expands its renewable capacity while ensuring a more reliable and adaptable energy supply.
By integrating our energy business, we can analyze diverse technologies, markets, and ownership structures. This will be critical to further profitable growth in the evolving energy sector.
Helge Haugane, new Executive Vice President of PWR.
Equinor has continued to expand its portfolio with its recent investment in the Net Zero Teesside project in the United Kingdom, which will become the world’s first gas-fired power plant with carbon capture . This type of initiative demonstrates the company’s commitment to developing sustainable and adaptive energy solutions that contribute to global decarbonization.
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Source and photo: Equinor
