Energy and utilities
Whether you work at ExxonMobil, a regional utility, a coal mine, or a public agency anyone in the energy sector knows that they face more risk than ever before. As an industry spanning global markets, international geopolitical environments, and diverse economies, energy companies are exposed to a wide range of constantly-changing uncertainties that can negatively impact bottom lines and shareholder value.
Hurricanes, droughts, wildfires, and flooding all threaten power grids and infrastructure like never before. At the same time, the industry must adapt to more sustainable, renewable energy sources, a fundamental shift after centuries of fossil fuel dependency. Regulatory and environmental policy changes are another source of uncertainty. They can change rapidly with the political climate and vary constantly from one jurisdiction to another. Not to mention volatility in tariff and trade policy, which can significantly impact both export prices and the import of commodities like steel. Cyberattacks pose yet another threat in an age where sophisticated hackers can shut down entire pipelines from thousands of miles away. Lumivero’s software solutions offer supporting mechanisms like predictive data analysis, decision trees, and Monte Carlo simulations to produce scenarios that illuminate the likely outcomes of different decisions and the risks involved.
A majority of leading companies in the energy sector rely on Lumivero software solutions to meet these challenges head-on, all from a familiar spreadsheet environment.
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