THE ENERGY INNOVATION AWARD
The Energy Innovation Award recognizes the greatest improvement
made by an incumbent oil and gas company in adapting to the energy transition over the previous year.
The award is based on quantitative data, as measured by Energy Intelligence’s Energy Transition Service's corporate benchmarks. The winner is then selected from a shortlist by an independent panel of leading experts in finance, government, academia and consulting.
Judging of the 2023 Energy Innovation Award is currently in progress, with the winner to be announced shortly.
LEARN MORE ABOUT THE 2022 WINNER >>>
Eni was awarded the 2022 Energy Innovation Award, in recognition of its readiness for the energy transition on numerous fronts and its acceleration in low-carbon investments.
Eni is ranked strongly in terms of emissions targets, portfolio resilience, and transformation of its business model – key elements of Energy Intelligence’s Energy Transition Service benchmarking. Further, the Italian company is taking an innovative approach to its corporate structure and business model.
“The energy transition isn’t an easy feat. The world will need more companies like Eni that are proactive in adapting, innovating, and investing to find solutions,” said Lauren Craft, editor of EI New Energy and administrator of the award.
Equinor was awarded the 2021 Energy Innovation Award in recognition of the company’s proactive role in the energy transition.
“Equinor has been a longtime force in the energy transition. It stands out from the pack on everything from technological leadership to engagement,” said Lauren Craft, editor of EI New Energy and administrator of the award. “The energy transition will need experienced oil and gas players at the table to ensure advanced energy technologies improve, scale up and grow even more affordable. Equinor has been a proven leader on this front."
Total was awarded the 2020 Energy Innovation Award, in recognition of the company’s pioneering work in diversifying its portfolio into low-carbon technologies while applying rigorous emissions targets to decarbonize in the years ahead.
Total tops Energy Intelligence’s Vulnerability Index scoring highly for the underlying resilience of its current portfolio and for its wide-ranging strategy to respond to the energy transition. Despite the current crisis, Total continues to invest aggressively in this sector and leads the industry in our Low-Carbon Investment Tracker this year.
Anglo-Dutch major Royal Dutch Shell was the recipient of the 2019 Award for Leadership in New Energy. Shell stands out from its peers with bold investments and ambitious targets to transition its business model and provide leadership in the clean energy economy. The company has broken new ground with a long-term ambition and short term targets to lower the greenhouse gas emissions to be burned by the products it sells to consumers. That comes on top of existing targets to lower its own on-site emissions or the emissions burned from the electricity or fuels it purchases for its operations.
Swedish company Vattenfall was the recipient of the 2018 Award for Leadership in New Energy. Vattenfall stands out from its peers with bold actions to transition its business model toward cleaner alternatives. The utility is working towards being fossil fuel-free within a generation and to stop using coal by 2030. After selling lignite assets in Germany, Vattenfall has drastically reduced its carbon emissions from more than 80 million tons/ year in 2013 to just over 20 mt in 2017.
French company ENGIE was the recipient of the 2017 Award for Leadership in New Energy. Engie has distinguished itself among its peers with a series of bold initiatives to aid the clean energy transition. The French-headquartered utility, with activities in around 70 countries, is overhauling its portfolio to focus in particular on low carbon solutions from natural gas and renewables, and has made significant forays into decentralized solar power and alternative transport technologies.
French company Total was the recipient of the 2016 Award for Leadership in New Energy. Total has emerged as a leader among oil majors in adapting its business model to the climate challenge. It has been recognised for making significant investments in alternative energy, placing an increasing emphasis on natural gas and, more broadly, integrating climate change into its strategy. Patrick Pouyanné, Chairman and Chief Executive Officer, accepted the award on behalf of Total at 2016 Oil & Money Conference.
Norwegian company Statoil won the 2015 Award for Leadership in New Energy. Statoil was selected for being a pioneer in the transition in several ways—political engagement, investments in alternative and lower-carbon energy, and efforts to “green” its conventional oil and gas business – and is considered a leader among its peer group of large oil and gas companies. Senior Vice President for Wind & CCS Stephen Bull, accepted the award on behalf of Statoil at the 2015 Oil & Money conference.
Danish company DONG Energy won the 2014 Award for Leadership in New Energy. DONG Energy was selected for being a pioneer in developing offshore wind technology, building off its expertise in both offshore oil and gas development and onshore wind. Headed by CEO Henrik Paulson, it has become the world’s biggest player in the offshore wind energy sector, after building the world’s first offshore wind farm in 1991 and the first large-scale offshore project in 2002. Vice President of Corporate Strategy and Stakeholder Relations Jakob Askou Bøss accepted the award on behalf of the company at Oil & Money 2014.
Spanish company Iberdrola won the 2013 Award for Leadership in New Energy. Iberdrola was selected for its commitment to developing renewable energy over the past decade. Headed by Chairman and CEO Ignacio S. Galán, Iberdrola is one of the largest European utilities, and has led the way globally in moving toward low-carbon electricity generation. The company is a world leader in wind energy, particularly through Iberdrola Renewables, headed by Renewable Energy Business Director Xabier Viteri Solaun. Mr. Viteri accepted the award on behalf of the company at Oil & Money 2013.
Abu Dhabi-based Masdar, a subsidiary of Mubadala Development Company, was the recipient of the inaugural Award for Leadership in New Energy in 2012. Masdar was selected for its promotion and development of clean and renewable energy sources in a traditionally hydrocarbon-reliant region. Masdar is headed by Chief Executive H.E. Sultan Ahmed Al Jaber. It was established by Mubadala in 2006 with a clear goal: to drive the emirate’s investment into the renewable sector and commercialize new technologies. H.E. Dr. Al Jaber accepted the award on behalf of the company at Oil & Money 2012.