(bright music) - The energy market today is undergoing a new era of transition where companies are taking a more cautious and measured approach to investments in low-carbon energy technologies. And the biggest pain point really comes down to how they allocate capital across core areas of their organization and operations today to really create success in the near term while still then being able to understand how to position themselves for growth in the future. In the energy market, clients are needing to really manage attention between creating value and building for scale in their traditional core areas of energy today, whether that's within their oil and gas space, whether that's within the solar market or wind markets for players across renewables, while also being able to balance aspects of building for a future energy ecosystem going forward.
LEK works with our clients to help them better understand the rapid shifts that we're seeing in the energy space today. As the market overall sort of moves from hydrocarbon-based energy solutions to low-carbon solutions, helping to develop a perspective for how they should think about participation in traditional energy markets that we have, as well as then capture opportunities from new advanced energy technologies in the future. LEK is different than other firms in the way that we work with clients to develop a fresh perspective on the energy market evolution. And this is different than what can feel like an echo chamber in energy markets often in terms of how we think about the pace and direction of energy transition, how we think about the role of new technologies such as hydrogen and carbon capture, and how we then support them in terms of bringing our deep bench of expertise to help provide them with the insights that they need to answer those questions.
Energy markets are marked by volatility and have been for decades with what you see with fluctuations in commodity prices, the idiosyncrasies of supply-demand dynamics, and geopolitical events. And today in particular, you have a heightened set of issues that relate to political divides, global conflict, and that tension between what you need from energy in terms of reliability and affordability with the push for moving to a more sustainable world. (bright music)
