Thriving energy businesses receive ESG ratings, which measures their environmental impact, commitment to social change and governance effectiveness. ESG ratings impact businesses’ investor appeal, and 79% of investors say climate risk is their most crucial ESG factor. Download our infographic to learn why energy businesses should incorporate multiphysics simulation to drive the development of future energy systems that help minimize climate change, including wind, solar and carbon capture.
Transition from oil and gas to renewables
The transition from oil and gas to renewables is an important emissions reduction strategy. By introducing simulation earlier in the design phase, energy businesses can:
Optimize renewable asset designs for energy efficiency and durability
Prevent asset failure under loading
Accelerate research and development (R&D) processes
Learn how digitalization can greatly enhance energy efficiency by downloading our infographic.
CO2 emissions from manufacturing industries
Carbon capture and storage technologies are increasing in popularity to reduce C02 emissions from manufacturing industries. In 2020, investments in carbon capture in Europe, the Middle East, and Africa totaled $2.8 billion. Using advanced engineering simulation, energy businesses can accelerate carbon capture and storage development through empowering engineers to collaborate and simulate their designs.
How long will it take to transition to renewable energy?
How long will it take to transition to renewable energy? Experts suggest by 2050, 90% of electricity generation will come from renewable sources, with wind and solar together combining for almost 70%. Simulation-driven design could also lead to breakthroughs in renewable energies such as hydrogen, which could help prevent 80 gigatons of cumulative CO2 emissions by 2050. Learn how to promote collaboration between analyst experts and design engineers by downloading our infographic.