A transformational shift needed to achieve net-zero
Achieving the Paris Agreement climate target of limiting the global temperature increase to 1.5°C means the world must reduce greenhouse gas emissions to net zero by 2050. Working toward this goal will involve shifting economies around the world from being driven by fossil fuel energy sources to being underpinned by a portfolio of renewable sources. We’re living through this energy transition right now—and it will transform our world.
The scale of what needs to happen is vast. While around 30% of global electricity1 comes from renewables already, we’ll have to rapidly rebuild the rest of the energy infrastructure that powers our society, establishing new renewable generation assets and strengthening our distribution network to better serve businesses and households.
For businesses—which consume about 37% of the world’s energy each year2—this unprecedented challenge is demanding. Businesses are all at different stages in this transition, but they’re united in grappling with complex regulations, new technologies, higher costs, and rising expectations. Many of them, especially large and mid-sized firms, have their own net zero targets or Environmental, Social, and Governance (ESG) commitments to adhere to.
In mature economies like the U.K., U.S., and Australia, organizations will often have to unwind long-standing energy consumption habits and commit budget to deliver on their net zero ambitions during a period when they may already be under budgetary pressure. All of this means that, on the 25-year journey to net zero, businesses need knowledgeable guides to advise and steer them along. That’s where SmartestEnergy comes in.
Empowering a greener generation globally
At SmartestEnergy, we help businesses around the world navigate the energy transition with confidence and clarity. At a time when there’s increasing pressure and scrutiny to deliver, and businesses feel uncertain about what to do next, we’re here to provide them with the information, insight, and solutions they need, both for today and the longer-term.
Working with commercial and industrial customers, small to medium businesses, generators, brokers and trading counterparties across our global operations, we drive the net zero transition in the U.K., U.S., and Australia. We are committed to empowering a greener generation and our innovative energy solutions help switched-on businesses transition to net zero. Our values are at the heart of how we engage with each other as well as with our customers—we act with integrity and take responsibility for making things happen.
As a subsidiary of Marubeni Corporation, we benefit from the support of a global conglomerate, and our regional businesses across three continents define the strength of our collective operations:
Our integrated business model enables us to offer:
• Independent generators a competitive route to market through our Power Purchase Agreements (PPAs) tailored for renewable and flexible assets
• Business customers reliable supply contracts that help them navigate the journey to net zero, where confidence and traceability of renewable power are essential for accurately reporting net zero carbon emissions
• Trading counterparties and customers access to wholesale energy markets and an extensive portfolio of energy certificates and carbon credits
As we look to the future, SmartestEnergy and Marubeni remain focused on empowering businesses, generators, and partners to better understand the road to net zero. With our people driving our integrated business model and innovative product solutions across the globe, we are positioned to drive positive change and support the transition to a smarter energy system.
Final word from Robert Groves, CEO, SmartestEnergy:
“Over the past 25 years, we’ve been empowering the transition to net zero by helping businesses, generators, and partners to better understand how to navigate the change being driven by country-level net zero targets and global sustainability reporting requirements.
“We have and always will be a people-powered energy company, with our main assets being our people. We put enormous effort into expanding our capabilities and strengthening our partnerships to support our customers on their journey to net zero.
“As we look to the future, we remain focused on our growth ambitions globally and driving collaboration and innovation to deliver meaningful change in our global energy sector.”
