NTNU Energy Transition Podcast
#82 Equinor’s M&A Strategy: Can Oil and Renewables Coexist? (with Per Arne Solend, Equinor)
Feb 6, 2025
Per Arne Solend, VP of M&A and Insights at Equinor, sheds light on the intricate dance between fossil fuels and renewable energy. He discusses Equinor's strategy for mergers and acquisitions, revealing how the company balances investments in offshore wind and battery technologies with its legacy oil operations. Solend also dives into the challenges of timing investments amid market fluctuations and the critical role of battery technology in supporting renewable energy stability. Tune in for insights on navigating the complex energy landscape!
46:19
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Quick takeaways
- Equinor's dual investment strategy allows it to sustain fossil fuel operations while simultaneously expanding into renewable energy sources like wind and batteries.
- The company's M&A approach is essential for balancing immediate energy needs against the long-term goal of a sustainable energy transition amidst policy changes and market uncertainties.
Deep dives
Equinor's Strategic Balancing Act
Equinor is navigating a dual strategy in investing in both fossil fuels and renewable energy sources. The company maintains a substantial investment in oil and gas while simultaneously expanding its renewable energy portfolio through significant mergers and acquisitions, such as wind and solar ventures in Europe and battery storage companies in the United States. This approach allows Equinor to balance short-term returns from fossil fuels with the long-term shift toward a sustainable energy system. The challenge of ensuring these two sectors coexist is vital, especially as the global demand for energy continues to grow.
