Energy storage industry talent factory operation

Are energy and materials companies attracting and retaining talent?

Competition for employees is also heating up. Since 2016, out of all the employees who left their roles in energy and materials companies, 42 percent moved to a different industry. 9 This underlines the very competitive nature of attracting and retaining talent within the sector.

Are energy and materials companies facing a talent shortage?

Since 2016, out of all the employees who left their roles in energy and materials companies, 42 percent moved to a different industry. 9 This underlines the very competitive nature of attracting and retaining talent within the sector. Companies that lack a clear talent strategy could face a talent shortage in years to come.

Why is hiring talent a problem in the energy sector?

Hiring talent to backfill critical roles and fill new roles presents a unique set of obstacles in the energy sector. Experienced workers are retiring, mid-tenure employees have new opportunities in adjacent industries, and data indicates that fewer new employees are entering this workforce.

What is the future of energy storage?

Storage enables electricity systems to remain in balance despite variations in wind and solar availability, allowing for cost-effective deep decarbonization while maintaining reliability. The Future of Energy Storage report is an essential analysis of this key component in decarbonizing our energy infrastructure and combating climate change.

Why is energy storage important?

Energy storage is a potential substitute for, or complement to, almost every aspect of a power system, including generation, transmission, and demand flexibility. Storage should be co-optimized with clean generation, transmission systems, and strategies to reward consumers for making their electricity use more flexible.

How can companies take advantage of global talent markets?

Taking advantage of global talent markets by revisiting technical hub strategies. This is relevant for both traditional and new businesses. Companies are thinking hard about which activities need to be done “close to the assets” and which could be undertaken in other regions to access the world’s largest engineering talent pools.