Power, Utilities and Renewables Protiviti partners with power, utilities and renewables leaders to help achieve greater confidence in changing environments. In today’s rapidly evolving environment, a trusted advisor — who not only provides relevant insights but delivers a combination of strategic vision, proven expertise and practical experience — can enhance the value of your business. With our diverse history of working across energy sectors, we provide clients with the necessary experience to solve any challenges. 2024 Top Risks in the Energy & Utilities Industry Resistance to change has long been a hallmark of the energy and utilities industry. But forward-thinking leaders are realizing that the only status quo that will allow their businesses to evolve operationally, digitally and culturally to meet new demands and expectations, drive innovation, and help share the energy industry of the future is one of continuous changes and strategic risk-taking. Learn More Challenges and Opportunities Power, utilities and renewables are facing a number of critical challenges and trends in the market, from infrastructure demands to calls to improve the customer experience to talent demands and much more. Learn More What we do Challenges and Opportunities Sectors we serve Our services Insights Leadership Connect Sectors we serve Pro Briefcase Power and Utilities Protiviti helps utility, pipeline and transmission companies identify, measure and manage their regulatory, financial, operational and technology-related risks. Our energy professionals possess innovative expertise and a wide range of industry experiences. Pro Building office Renewables In the global transition to reduce carbon, all organisations are being impacted. As the renewable energy market expands, Protiviti helps organisations use every advantage available to strengthen their competitive stance, increase efficiencies and reduce costs. Our Power, Utilities, and Renewables services In today’s rapidly evolving environment, a trusted advisor — who not only provides relevant insights but delivers a combination of strategic vision, proven expertise and practical experience — can enhance the value of your business. Our consulting experts provide solutions tailored to your organisation and industry’s unique needs in the following areas: Optimise operations during challenging circumstances Operational efficiency We help you identify the people, processes and systems to optimise operations during challenging circumstances. This drives increased efficiency and scalability and makes the best use of technology and other resources to optimise the supply chain and working capital. Optimise operations during challenging circumstances Revamp processes to be more efficient and insightful Digital and Advanced analytics Understand the opportunities represented by new technologies and apply them to improve performance: Leverage machine learning and AI to support advanced analytics Identify improvements and adopt digital transformation initiatives, such as robotic process automation Protect your business and your customers IT and OT cybersecurity Develop solutions in IT strategy, applications, cloud, security and privacy, and data and analytics: Adopt opportunistic business models that embrace IT and make effective use of emerging technology Master and maintain control over the ever-evolving cyber threat landscape Protect your business and your customers Understand market trends and opportunities Energy transition As the global energy sector shifts from fossil-based fuels to more renewable-based sources, clients need support. We assist with expertise in information technology, carbon smart technology, policy frameworks and market instruments, among others. Increased performance and efficiency in finance and accounting Workforce transformation (Managed services) Realise increased performance and efficiency in finance and accounting, integration, cash acceleration and more: Offload peak volume and transaction processing backlogs Design and implement shared services model Increased performance and efficiency in finance and accounting Leverage the power of new technologies Technology modernisation Leverage technology and digitalisation to help companies retain a competitive stance, increase efficiencies, and reduce costs: Establish a transformational program to replace or update aging systems and software Improve productivity by revamping processes that are repetitive, time consuming and inefficient Combine data from mergers and acquisitions to unlock insights from data in different systems Integrate digital platforms to collaborate with ecosystem, reduce costs and provide operational transparency Support the evolution Transaction support Support the evolution of the business to capitalise on strategic opportunities: Achieve objectives while mastering compliance, investigations and risk management Analyse and support merger and acquisition integrations, restructuring and liquidity management Support the evolution Conduct ideation sessions to inspire team creativity. Innovation services Translate ideas into solutions that address challenges and create value: Build an inspiring organisational culture that promotes innovation and creative thinking Conduct ideation sessions to inspire team creativity Grow confidence to meet ever-changing business challenges Next-Gen internal audit Use internal audit to gain insight and grow confidence to meet ever-changing business challenges: Convert internal audit into a resource for business knowledge and analysis Develop solutions that address complex business and industry compliance challenges Grow confidence to meet ever-changing business challenges Client Story April 18, 2024 Intelligent Document Retrieval System, Powered by Responsible AI, Helps Reduce Air Pollution This company is a leader in the supply of after-sale services to the world’s engine and compressor markets and is trusted by nuclear power plants, the U.S. military and both public and private electricity generators around the globe. With the EPA’s recently announced Good Neighbor Plan in mind, the client needed a quick, reliable air pollution reduction strategy.... Read More Featured insights FLASH REPORT Trump 2.0: Possible Winners and Losers President-elect Donald Trump will take office in January 2025 with Republican control of both the Senate and the House and with a conservative-leaning Supreme Court. The president-elect has moved quickly to appoint cabinet members, agency heads and... BLOG Back-Office Transformation at Energy and Utilities Firms Builds Success Forward-thinking energy and utilities (E&U) leaders recognize that their company’s future success in a rapidly changing industry hinges on financial readiness as much as operational excellence. Why it matters: E&U companies that wait too... BLOG Understanding FERC Order 898: Implications and Opportunities for Public Utilities and Licensees What you need to know: Marking a new era for the accounting of renewable energy sources and energy-storage facilities, regulated entities must begin to comply on January 1, 2025 with Order 898, issued by the Federal Energy Regulatory Commission (FERC... BLOG Energy and Utility OT and IT Convergence Efforts Bring Opportunity Amid Challenges and Risk Like companies in other industries, energy and utilities (E&U) organizations want to more efficiently leverage data generated in the field by conducting real-time analysis. Why it matters: The integration of operational technology (OT) and... BLOG Harnessing Operational Excellence: A Path to Enhanced Legal Department Services in the Energy and Utilities Sector Why it matters: Increasing operational efficiency, optimizing legal business processes and eliminating waste inside the organization can go a long way toward helping energy and utilities (E&U) firms lower their services costs without forsaking... BLOG Leveraging the Human Factor: When Digital Strategies Alone Can’t Revive Slowing Results Businesses are constantly searching for new ways to match messaging to eyeballs, or put succinctly, trying to adapt new strategies to engage effectively with customers where they are consuming content. But what happens when these digital marketing... Button Button Pro Location Globe Quarterly Energy Newsletter Subscribe to receive Protiviti’s quarterly energy industry newsletter by email. Subscribe Pro Document Stack Connect with Us Perspectives From Our Experts on Market Trends, Business Developments and Risks Connect Leadership Tyler Chase Tyler is the Global leader of Protiviti’s Energy and Utilities (E&U) industry, which covers all segments of the Oil and Gas value chain, Power & Utilities, Renewables, and Mining. In this role, Tyler ensures that Protiviti has robust offerings in Internal Audit ... Learn More Guido Zanetti Guido is Managing Director, Global Power & Utilities sector leader and head of the Italian Risk & Sustainability practice in non financial institutions. Before joining Protiviti in 2004, Guido worked four years in the consulting practice of Deloitte focusing on ... Learn More
