NTNU Energy Transition Podcast
#71 Navigating Norway's Energy Shift - A snap shot analysis with the founder of Rystad Energy (Jarand Rystad, Rystad Energy)
Aug 16, 2024
Jarand Rystad, CEO and Founder of Rystad Energy, dives into Norway's energy transition. He discusses how geopolitical issues, like the Strait of Hormuz, impact oil prices. Rystad highlights how interest rates affect renewable energy deployment. He also explores the connection of small CO2 emitters to larger carbon capture infrastructures. The talk highlights Norway's ambitious renewable energy goals, including offshore wind and carbon capture technology, while navigating the challenges in the evolving energy landscape.
41:08
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Quick takeaways
- Geopolitical tensions and supply chain issues heavily influence oil prices, with current management strategies by OPEC Plus stabilizing the market around $80 per barrel.
- The carbon capture sector is rapidly evolving with significant potential, though challenges in scalability and smaller emitter connections to existing infrastructures persist.
Deep dives
The Journey of Yaran Rista and Rista Energy
Yaran Rista's career trajectory began with his role at Entejo, where he gained valuable experience before transitioning to McKinsey as a consultant. While there, he recognized a market opportunity that the firm did not prioritize, prompting him to establish Rista Energy nearly two decades ago. Since its inception, Rista Energy has evolved into a significant consultancy, focusing on the entire energy landscape, including renewables and low-carbon technologies. The company has grown substantially, now employing over 800 people globally and shifting its focus from oil and gas to a broader range of energy solutions.
