Collaboration vital for energy transition – panel

New technologies will only develop through effective partnerships, say Orsted and RWE

Collaboration between firms is vital if the energy transition is to be success, according to the CEOs of two European energy firms. Whereas competition was seen as the most effective way to create efficient markets in a pre-transition energy sector, the situation has now changed, agreed the panellists said at a Reuters global energy transition event. “When companies and governments collaborate together, that is when we see significant movement,” says Mads Nipper, CEO of Denmark’s Orsted. “Today, offshore wind is competitive with fossil fuels because of that kind of collaboration.” “When companies and governments collaborate together, that is when we see significant movement” Nipper, Or