Energy Transitions Podcast: The value of circular asset management
Pamela Largue
Posted on: 18 July 2023
Companies are increasingly aware of the importance of maximising their asset management strategies, by recovering and regenerating assets.
In the face of rising energy prices and a variety of economic challenges, companies are increasingly aware of the importance of maximising their asset management strategies, by recovering and regenerating assets where possible.
In this episode of the Energy Transitions Podcast, we focus on why this perspective is more than a mere sustainability trend. It’s a deliberate and strategic shift from a linear, throwaway culture to a circular economy.
A circular economy approach to asset management not only makes the most of our planet's resources but also provides a significant opportunity for forward-thinking companies to identify new areas of growth and operational efficiency gains.
To unpack the benefits of a circular asset management strategy and explain why extending the life cycle of resources already in service is good business, Pamela Largue speaks to Paolo Perani, Sustainability Manager for ABB’s Electrification Distribution Solutions, and Stuart Thompson, President, Electrification Service Division at ABB.
"Companies are looking at this from a resourcing standpoint, they're looking at it from pure economics...maximising an asset's life is extremely important"
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Previous episodes:
The cost of Europe’s copper crunch
Sustainable business models for a new energy economy
Redefining resilience for a modern power system
More about asset management:
The financial opportunities of decommissioning and repurposing generation assets
Blockchain battery lifecycle management solution launched
Lifecycle Management Series | Cybersecurity for a decentralising energy system
