Alternative Energy | Protiviti - United States

Alternative Energy

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Welcome to the Energy Consulting Page of Protiviti !

The world is clamoring for alternatives to fossil fuel-based energy and this has fueled significant growth in recent years. Many large-scale projects are currently underway. Wind, solar, tidal and biofuels are all garnering significant attention, research and investment. Opportunities abound, but in many cases the capital costs remain high, especially with fossil fuels costs depressed, which is why innovation is critical for success.

Alternative energy is generally conceived as a resource which is produced or recovered without the undesirable consequences inherent in fossil fuel use, particularly high carbon dioxide emissions (greenhouse gas), an important factor in global warming.

Alternative Energy is intended to address concerns about such fossil fuels. Its types include:

  • Hydro electricity
  • Nuclear energy
  • Wind energy
  • Solar energy
  • Geothermal energy
  • Biofuel and Ethanol
  • Hydrogen

As an emerging economic sector, there are limited investment opportunities in alternative energy available to the general public. The public can buy shares of alternative energy companies from various stock markets. The returns for the same is, however, wildly volatile.

Alternative energy providers face many of the same risks as their counterparts within the energy sector. Siting, constructing and managing large-scale alternative energy facilities is complex. The commodity produced is subject to competition within highly volatile commodity markets, and production quantities cannot be assured as easily as other forms of energy available within the market. As a result of these issues, tax incentives remain a particularly important issue for alternative energy providers.

Increasing the mix of power generation sources to include wind, solar, geothermal and hydrothermal alternatives, along with a retirement of coal-fired plants in favor of natural gas-fueled facilities, requires expansion investment to ensure the transmission grid’s reliability.

Organizations pursuing plant or infrastructure capital improvements need to keep in mind the pitfalls and risks that could derail the projects. To avoid risks, utilities need insightful and skillful management over planning and execution, including oversight of contract compliance, utilization of efficient and well controlled processes, and project risk assessments, among other services.

Protiviti’s energy consulting professionals partner with alternative energy providers to manage risk and improve operational performance. Protiviti’s experienced professionals have many years of experience dealing with these energy issues. We help our clients identify, measure, and manage their regulatory, financial, operational and technology-related risks. Our energy consulting professionals possess finance, technology, accounting and engineering backgrounds, and a wide range of industry experience that can be leveraged to deliver tailored solutions to your company and help you realize growth and success in the future.