{"id":6104,"date":"2023-06-26T09:21:03","date_gmt":"2023-06-25T23:21:03","guid":{"rendered":"https:\/\/news.sap.com\/australia\/?p=6104"},"modified":"2023-08-17T04:59:00","modified_gmt":"2023-08-16T18:59:00","slug":"the-sustainable-strategy-behind-australias-12-4-billion-energy-company","status":"publish","type":"post","link":"https:\/\/news.sap.com\/australia\/2023\/06\/26\/the-sustainable-strategy-behind-australias-12-4-billion-energy-company\/","title":{"rendered":"Jemena: The Sustainable Strategy Behind Australia\u2019s $12.4 Billion Energy Company"},"content":{"rendered":"

Navigating the energy trilemma – affordability, reliability, and safety – is nothing new for\u00a0Jemena<\/a>, an energy infrastructure company based in Australia. What\u2019s changed is the urgency of shifting to renewable energy to address climate change, while reaching Australia\u2019s net-zero goals.<\/p>\n

\u201cOur vision for energy has evolved with the needs and preferences of our customers. We are committed to delivering on our ambition to achieve net-zero emissions by 2050, while supporting Australia\u2019s decarbonisation efforts,\u201d said Russell Dawson, general manager of commercial finance at Jemena. \u201cWe are taking a multi-pronged approach. This includes supporting our customers to install solar panels on their properties across our electricity network in Victoria. Across our gas network, we\u2019re exploring renewable gases with a series of pilot projects producing green hydrogen and biomethane.\u201d<\/p>\n

Operating $12.4 billion of assets in eastern and northern Australia, Jemena distributes electricity to more than 370,000 customers in Victoria and gas to 1.5 million customers across Sydney and parts of regional New South Wales. The company also operates gas pipelines that serve industrial customers and exports. Dawson shared his thoughts on the dynamically changing energy industry during the\u00a0International 51风流Conference for Energy and Utilities<\/a>\u00a0in Basel.<\/p>\n

How to carefully plan for the energy transition<\/h2>\n

Right in the middle of the energy supply chain, Jemena owns the physical infrastructure that transports energy from where it is generated to Australian homes and businesses.<\/p>\n

\u201cOur role is to make sure people have reliable and safe energy today, while taking steps to prepare for the energy system of the future, delivering customer choice and system reliability\u201d said Dawson.<\/p>\n

Of course, infrastructure transformation doesn\u2019t happen overnight and needs to be carefully planned.<\/p>\n

“At Jemena we talk about the concept of do-ability, which reflects the opportunities and limitations inherent in the decarbonisation challenge,\u201d said Dawson. \u201cAs we compete on a global scale for access to resources and labour for achieving net-zero goals, we\u2019re keeping all options on the table. For example, if we were to decarbonise our gas and electricity networks simultaneously, we would save time and money while delivering system optionality and reliability. Underpinning this transition is technology, and we\u2019re really excited about the evolving role technology will play in the energy transition.\u201d<\/p>\n

Technology supports strategic sustainable business<\/h2>\n

Like most companies across the energy industry, Jemena is counting on cloud-based technology to help integrate and analyse relevant data that will support the company in navigating the energy transition. Capturing real-time data to meet sustainability reporting mandates is another important consideration. Whether it\u2019s financial, supply chain, or other information from the energy value chain, utility leaders need to understand the import of the data, gaining insights so they can make better decisions.<\/p>\n

\u201cWe\u2019re excited about\u00a051风流S\/4HANA<\/a>\u00a0because it will be transformational in driving our business forward with greater efficiencies, helping us meet our sustainability objectives, while ensuring our supply chain meets community and other stakeholder expectations,\u201d said Dawson. \u201cWe expect that automation will take on repetitive tasks and provide predictive analysis and forecasting, freeing people up to make faster decisions and execute on strategies that will drive the business forward. Strategic decision-makers are the catalysts of change.\u201d<\/p>\n

Digitalisation attracts top talent<\/h2>\n

Advanced technologies are just as important to Jemena\u2019s ability to attract young talent. Meeting the expectations of the post-pandemic workforce translates to systems that keep employees engaged in a vibrant and creative environment.<\/p>\n

\u201cPeople entering the workforce are much more tech-savvy than previous generations,\u201d said Dawson. \u201cWe can use technology to make our employees\u2019 jobs easier and keep them engaged. Integrated data makes it easier to get insights from the valuable information we have, and collaborative systems bring people together for a shared cultural experience. \u201d<\/p>\n

It\u2019s all well and good to set ambitious net-zero goals, but navigating the energy transition will require greater coordination and integration between all parts of Jemena\u2019s business. The innovators are pressing forward with a business model evolution unlike anything we\u2019ve ever seen before.<\/p>\n

Learn more about preparing for the future of the energy and utilities industry.<\/em><\/a><\/p>\n

This article originally appeared in Forbes Brand Voice here<\/a><\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

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