Shell and NRG CEOs say electrification will lead the way in the shift to clean energy
Mauricio Gutierrez, president and chief executive officer NRG Energy Inc., speaks during the 2023 CERAWeek by S&P Global conference in Houston. The global energy industry is facing a welter of uncertainty and change -- driven by the effects of the global pandemic; shifting geopolitics and a war launched by one of the world's major energy powers; high energy prices; supply chain and infrastructure constraints; and economic instability.
“The world is going to move into more and more electrification,” Wael Sawan, CEO of Shell, told conference attendees, noting that by 2050 electricity is going to be an even bigger share of the globe’s energy system – as much as two to three times what it is today.ERCOT, PUC and energy industry say the power grid needs to be fixed. They just can't agree how.
NRG, a longtime player in the Texas electricity market with natural gas and coal-fired power plants, also has a small amount of renewable generation. And it, too, sells electricity to residential and business consumers under brand names Reliant, Green Mountain and Discount Power. “You're seeing a convergence of distributed energy technologies with smartphone technologies,” Gutierrez said. “We have smart thermostats, smart appliances, home automation, I mean, everything is happening inside the home. There is tremendous connectivity.”
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