The pace of change may be significant but many of the world’s major oil and gas giants are making that transition away from fossil fuels to a portfolio where renewables and a whole range of other services are a key part of the mix.
Total, the French oil giant, is making strides to become a more rounded supplier, a move which will have benefits for UK business gas and electricity customers. “As we move forward we are changing,” Chris Billing, director of major business at Total Gas & Power, told EiBI. “Renewables and climate change are now a considerable part of our strategy. We are aiming for 20 per cent of our portfolio as renewables in the next 20 years. Gas, which is the lowest carbon emitting fossil fuel, will be part of the mix going forward as we divest our interests in coal production.”
The move to renewables is part of Total Gas & Power’s vision to see it differentiate itself from other energy suppliers in the UK.
Having joined the company eighteen months ago from npower, Billing posed the question to staff of what the organisation’s unique selling points were. “One was customer service and the other was flexibility, said Billing. “They’re selling points but not unique. Conversations with a financial director today aren’t what they were 10 years ago. Now the questions being asked are ‘how much money can I make from energy?,’ ‘what are the payback periods?,’ and ‘how do I ensure that I’m a low-carbon company?’
“Our ambition is to stand out from the crowd by being the absolute best that we can be for our customers, our employees and for the planet. This has included making difficult decisions. When faced with options, we ensure we are making the right decision for all concerned, both in the short and long term”.
As a result, Total’s product offering for the UK is changing. “Since 2010 we have owned Sunpower, the second biggest solar company in the world,” said Billing. “And last year we acquired Saft, a leading battery company.