Energy with EY: Enabling the energy transition with capital and workforce

Whether in energy or other industries, the energy transition will require different capital, financing, operations, technology and skills.

The energy transition is multidimensional, multifaceted and complex. But, on the heels of the Inflation Reduction Act of 2022 and in conjunction with rapidly evolving regulatory requirements that are local, national and global in nature, investments toward the energy transition are soaring.

Greg Matlock, Americas Oil & Gas and Chemicals Tax Leader, and Haniya Mian, People Advisory Services Principal, discuss how to optimize these investments and the factors critical to their success.

From a financial perspective, properly analyzing and communicating the economics and returns on these types of investments is absolutely vital. Companies need to understand and have a full appreciation of the commercial models and the business models, while also accounting for the financing, which is inclusive of federal and state tax credits, grants and incentives.

From a people perspective, companies making energy transition investments must identify the workforce needs as well. That requires considering how to use existing talent in different ways, and also source the talent companies need for the future to be able to fuel the energy transition.