However, certain segments of the energy sectors are expected to have different evolutions. On the one hand, investment in conventional energy is expected to remain relatively stable in the period. On the other hand, the renewable energy segment, including solar, onshore and offshore wind, amongst others, is expected to see investments grow over 60% in the same period. Last, investment in decarbonization technologies, which include green and blue hydrogen, biofuels and e-fuels, and carbon dioxide capture, use and sequestration, is expected to grow almost over 5x, to roughly $460 Bn by 2035. This segment represents 60% of the growth in total energy investments and is a key enabler of the decarbonization of the global economy.

Aside of the energy sector, other industrial sectors will also deploy significant volumes of capital to decarbonize. For example, the steel production sector, responsible for roughly ~8% of global carbon dioxide emissions, is expected to invest over $160 Bn per year between 2030 and 2040, as it replaces its high-emitting blast furnaces for electric arc furnaces with clean hydrogen as a reduction agent, amongst other measures. Moreover, the cement sector, whose clinker production process drives the majority of the sector emissions (which make up ~7% of global carbon dioxide emissions) will also see significant investment. Approximately $70 Bn per year are expected to be invested in the sector, with carbon capture as the technology expected to reduce up to two thirds of the sector emissions by 2050.  

track is the platform to transform the capabilities of Técnicas Reunidas’ to capture this opportunity and accelerate the transition of the energy and industrial sectors. We are already doing this, as we are working on over 25 projects across all the continents, and in technology solutions that span from clean hydrogen and ammonia to biofuels, carbon capture and methane management services.