Manage episode 279155716 series 2423460
We talked about Microsoft initiatives, solutions, and technologies in the energy sector with Darryl Willis. Darryl is the Vice President of Energy at Microsoft and he is responsible for driving digital transformation all around the world for companies within oil & gas, mining, renewables, and power & utilities.
We’re all aware that energy sustainability is an important topic, and in this episode, we talk about what Microsoft is doing in this area to improve our own sustainability and highlight the great work of our customers and partners.
The Energy Transition is real and is underway and it is being accelerated by the COVID19 pandemic. The Oil and Gas Industry has been delt a one / two punch…. oversupply driven by technological success, mainly in the Onshore USA associated with things like horizontal drilling (and hydraulic fracturing) which has contributed to global oversupply. This combined with demand destruction that has occurred as a result of much of the world sheltering in place during the early months of the pandemic means that as a result, for the first time ever, oil prices went negative in April 2020!
These cost pressures have created new digital transformation opportunities as oil and gas companies seek cost reductions. And despite cost-cutting measures, much of the industry is moving more aggressively towards low-carbon and no-carbon sources of energy (by 2050 or sooner).
Darryl shares some things in the forefront of the energy sector right now (i.e: trends and technologies), how AI is impacting the energy sector, and how Microsoft is helping to realize the vision of helping everyone in the world gain access to affordable heat, light, and mobility.
Darryl Willis, Vice President of Energy at Microsoft, is responsible for driving digital transformation for companies within the oil & gas, mining, renewables, and power & utility verticals globally. Darryl helps companies thrive using innovative Microsoft and partner solutions that enable operational efficiency, improve productivity, and uncover new business models that will ultimately accelerate the energy transition.