Siemens AG: Relaunching Energy Transition Business After Coronavirus
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This report investigates how energy transition businesses, specifically using Siemens AG as a case study, can relaunch after the disruption caused by the coronavirus pandemic. It begins with an introduction outlining the research aim, objectives, and questions, along with the significance and structure of the report. A literature review follows, examining the concept of the coronavirus, the key issues faced by energy transition businesses, and the impact of the virus on the industry. The research methodology is detailed, explaining data collection and analysis methods. The report then presents data interpretations and discussion, leading to conclusions and recommendations for relaunching energy transition businesses. The report aims to provide insights into the challenges and opportunities for the energy sector in the wake of the pandemic, offering strategies for business recovery and future sustainability.

How to Relaunch Energy
transition business after
coronavirus?
transition business after
coronavirus?
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Contents
How to Relaunch Energy transition business after coronavirus?....................................................1
TITLE: “How to Relaunch Energy transition business after coronavirus”.....................................1
INTRODUCTION...........................................................................................................................1
Overview of research...................................................................................................................1
Background of organisation.........................................................................................................2
Research aim................................................................................................................................3
Research objectives.....................................................................................................................3
Research questions.......................................................................................................................3
Significance of research...............................................................................................................3
Structure of report........................................................................................................................4
LITERATURE REVIEW................................................................................................................5
Concept of corona virus...............................................................................................................5
Key issues are faced by energy transition business due to corona virus.....................................7
Impact of corona virus over the energy transition business........................................................9
Approach to launch energy transition business after coronaries...............................................11
RESEARCH METHODOLOGY..................................................................................................11
DATA COLLECTION AND ANALYSIS....................................................................................20
Data Interpretations...................................................................................................................23
DISCUSSION................................................................................................................................39
Concept of corona virus.............................................................................................................39
CONCLUSION AND RECOMMENDATIONS..........................................................................40
Conclusion.................................................................................................................................40
Recommendation.......................................................................................................................42
REFERENCES..............................................................................................................................44
How to Relaunch Energy transition business after coronavirus?....................................................1
TITLE: “How to Relaunch Energy transition business after coronavirus”.....................................1
INTRODUCTION...........................................................................................................................1
Overview of research...................................................................................................................1
Background of organisation.........................................................................................................2
Research aim................................................................................................................................3
Research objectives.....................................................................................................................3
Research questions.......................................................................................................................3
Significance of research...............................................................................................................3
Structure of report........................................................................................................................4
LITERATURE REVIEW................................................................................................................5
Concept of corona virus...............................................................................................................5
Key issues are faced by energy transition business due to corona virus.....................................7
Impact of corona virus over the energy transition business........................................................9
Approach to launch energy transition business after coronaries...............................................11
RESEARCH METHODOLOGY..................................................................................................11
DATA COLLECTION AND ANALYSIS....................................................................................20
Data Interpretations...................................................................................................................23
DISCUSSION................................................................................................................................39
Concept of corona virus.............................................................................................................39
CONCLUSION AND RECOMMENDATIONS..........................................................................40
Conclusion.................................................................................................................................40
Recommendation.......................................................................................................................42
REFERENCES..............................................................................................................................44

TITLE: “How to Relaunch Energy transition business after coronavirus”.
INTRODUCTION
Overview of research
Energy transition is referred as a pathway towards conversion of energy industry from Fossil
based to zero carbon at global level by second half of century. This is associated with the
structural change in system of energy. It is the shift of global energy sector from Fossil based
systems of production and consumption of energy - involving natural gas, coal and oil - to
sources of renewable energy such as solar and wind and lithium ion batteries. As the companies
and investors seek greater confidence and clarity for climate risk as well as opportunities,
organisations are adapting to the concept of energy transition (Abu-Rayash and Dincer, 2020).
Switching from sources of non-renewable energy such as natural gas, coal and oil to renewable
energy sources is made possible through advancements in technology along with a societal push
towards the sustainability. Accelerated growth by permanent and structural changes to supply of
energy, prices and the demand, energy transition also intent to decline greenhouse gas emissions
related energy by distinct forms of decarbonisation. It is forecasted by the international energy
agency that the total power capacity of the world based on renewable sources increased by 50%
between year 2019 and year 2024 (What is Energy Transition?, 2020).
But as per the present scenario of world wide is that the corona virus is a new pandemic
which is spreading throughout the world and affected not only health of the people but also the
businesses and economy of majority of nations. Among all the other industries the energy
transition industry is also get affected due to spread of corona virus. This is so because due to
increasing severity of this pandemic, governments of countries passed the order to stop the social
interaction by implementing lockdown within the whole country so that spread virus can be
minimised by keeping people away from one another. But in all these the business are much
affected as due to lockdown the company sites are closed as the operations are not continuing at
this time and along with this the people are not able to work in appropriate manner. This in turn
affecting the productivity of the energy transition companies due to lack of labour availability
and inappropriate conditions (Huang, Lin, Wang and Xu, 2020). Despite of this the companies
also facing the financial issues as the profitability of the businesses affected a lot due to corona
virus which in turn leads to increases in the price of oils and other fossil fuels which are required
1
INTRODUCTION
Overview of research
Energy transition is referred as a pathway towards conversion of energy industry from Fossil
based to zero carbon at global level by second half of century. This is associated with the
structural change in system of energy. It is the shift of global energy sector from Fossil based
systems of production and consumption of energy - involving natural gas, coal and oil - to
sources of renewable energy such as solar and wind and lithium ion batteries. As the companies
and investors seek greater confidence and clarity for climate risk as well as opportunities,
organisations are adapting to the concept of energy transition (Abu-Rayash and Dincer, 2020).
Switching from sources of non-renewable energy such as natural gas, coal and oil to renewable
energy sources is made possible through advancements in technology along with a societal push
towards the sustainability. Accelerated growth by permanent and structural changes to supply of
energy, prices and the demand, energy transition also intent to decline greenhouse gas emissions
related energy by distinct forms of decarbonisation. It is forecasted by the international energy
agency that the total power capacity of the world based on renewable sources increased by 50%
between year 2019 and year 2024 (What is Energy Transition?, 2020).
But as per the present scenario of world wide is that the corona virus is a new pandemic
which is spreading throughout the world and affected not only health of the people but also the
businesses and economy of majority of nations. Among all the other industries the energy
transition industry is also get affected due to spread of corona virus. This is so because due to
increasing severity of this pandemic, governments of countries passed the order to stop the social
interaction by implementing lockdown within the whole country so that spread virus can be
minimised by keeping people away from one another. But in all these the business are much
affected as due to lockdown the company sites are closed as the operations are not continuing at
this time and along with this the people are not able to work in appropriate manner. This in turn
affecting the productivity of the energy transition companies due to lack of labour availability
and inappropriate conditions (Huang, Lin, Wang and Xu, 2020). Despite of this the companies
also facing the financial issues as the profitability of the businesses affected a lot due to corona
virus which in turn leads to increases in the price of oils and other fossil fuels which are required
1
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to produce the energy. This is also considered as one of the main reasons which affected the
energy transition business. Thus, it can be said that corona virus has a negative influence over the
progression as well as operations of the energy transition business. Hence for further studying
about the influence of corona virus over energy transition business and to determined way of
relaunching the business after this corona virus this study is conducted by considering the
Siemens AG company.
Background of organisation
The current report put emphases toward investigating how to relaunch the energy transition
business after corona virus and for performing this investigation the Siemens AG company has
been taken into consideration. Siemens AG company is a Germany based multinational company
which is headquartered in Munich and consider as the largest industrial manufacturing company
within Europe. It is a global powerhouse which focuses over the electrification, digitalisation as
well as automation (Barcaccia, D’Agostino, Zotti and Cozzi, 2020). It deals in producing the
energy efficient resources saving technology for power generation as well as transmission of the
medical diagnosis. In year 2019, Siemens AG company generated around €86.8 billion revenue
and net income of around €5.6 billion. The group of technical experts, long standing experience
as well as comprehensive portfolio all together are helping it to achieve a sustainable future
throughout the world. But despite of all this, it the financial condition of the company is also
very much affected due to spread of corona virus. This is so because the lockdown situation has
affected its working practices and operations which in turn reduces the production of energy
(About us. 2020). Other than this due to lockdown the demand for the consumption of energy is
also dropped which in turn affected the financial growth of the company to a great extent. Due to
this corona virus many of the energy transition company are collapsing but in order to recover it
from such condition, it become very crucial for the Siemens AG company to determine the ways
through which its energy transition business can be relaunched so that it become able to achieve
sustainability at marketplace (McCartney, 2020). Hence, for determining this the current study is
conducted which end up with suggesting the factors to be consider and procedure to be adopted
along with changes in current offering to relaunch the business after corona virus in order to
regain the sustainable position in marketplace.
2
energy transition business. Thus, it can be said that corona virus has a negative influence over the
progression as well as operations of the energy transition business. Hence for further studying
about the influence of corona virus over energy transition business and to determined way of
relaunching the business after this corona virus this study is conducted by considering the
Siemens AG company.
Background of organisation
The current report put emphases toward investigating how to relaunch the energy transition
business after corona virus and for performing this investigation the Siemens AG company has
been taken into consideration. Siemens AG company is a Germany based multinational company
which is headquartered in Munich and consider as the largest industrial manufacturing company
within Europe. It is a global powerhouse which focuses over the electrification, digitalisation as
well as automation (Barcaccia, D’Agostino, Zotti and Cozzi, 2020). It deals in producing the
energy efficient resources saving technology for power generation as well as transmission of the
medical diagnosis. In year 2019, Siemens AG company generated around €86.8 billion revenue
and net income of around €5.6 billion. The group of technical experts, long standing experience
as well as comprehensive portfolio all together are helping it to achieve a sustainable future
throughout the world. But despite of all this, it the financial condition of the company is also
very much affected due to spread of corona virus. This is so because the lockdown situation has
affected its working practices and operations which in turn reduces the production of energy
(About us. 2020). Other than this due to lockdown the demand for the consumption of energy is
also dropped which in turn affected the financial growth of the company to a great extent. Due to
this corona virus many of the energy transition company are collapsing but in order to recover it
from such condition, it become very crucial for the Siemens AG company to determine the ways
through which its energy transition business can be relaunched so that it become able to achieve
sustainability at marketplace (McCartney, 2020). Hence, for determining this the current study is
conducted which end up with suggesting the factors to be consider and procedure to be adopted
along with changes in current offering to relaunch the business after corona virus in order to
regain the sustainable position in marketplace.
2
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Research aim
The aim of this dissertation is “To examine how to re-launch energy transition business
after corona virus”. A study on Siemens AG company.
Research objectives
The objectives in regards to this research are mentioned below:
To critically appraise understanding in regards to the concept of corona virus.
To articulate the issues faced by energy transition business due to corona virus.
To critically evaluate the potential impact of corona virus over the energy transition
business.
To critically Synthesize an approach to launch energy transition business after coronaries.
Research questions
The question in relation to this particular study are as follows:
What is the concept of corona virus?
What key issues are faced by energy transition business due to corona virus?
What is the impact of corona virus over the energy transition business?
What is an approach to launch energy transition business after coronaries?
Significance of research
This investigation is based on the title “How to Relaunch Energy transition business after
coronavirus”. This investigation is assistive for the researcher in understanding the concept of
corona virus and its impact on the businesses and economy. Apart from this, it also assists in
identifying the issues or problems which are faced by energy transition businesses because of
corona virus pandemic. Additionally, it also put emphases toward presenting the knowledge
regarding the area of corona virus and actions that businesses are considering in order to come
back within the market and gaining higher profitability (Wild, 2020). So that by evaluating those
issues it become easier to strategies the procedure to be adopted for re launching the energy
transition business after corona virus so that company be able to regain the market as well as
financial position that get affected by the spread of corona. With the execution of this study,
researcher would be able to widen up the knowledge area in relation with the area of corona
virus and manner in which it is influencing the operations and growth of business due to this
pandemic.
3
The aim of this dissertation is “To examine how to re-launch energy transition business
after corona virus”. A study on Siemens AG company.
Research objectives
The objectives in regards to this research are mentioned below:
To critically appraise understanding in regards to the concept of corona virus.
To articulate the issues faced by energy transition business due to corona virus.
To critically evaluate the potential impact of corona virus over the energy transition
business.
To critically Synthesize an approach to launch energy transition business after coronaries.
Research questions
The question in relation to this particular study are as follows:
What is the concept of corona virus?
What key issues are faced by energy transition business due to corona virus?
What is the impact of corona virus over the energy transition business?
What is an approach to launch energy transition business after coronaries?
Significance of research
This investigation is based on the title “How to Relaunch Energy transition business after
coronavirus”. This investigation is assistive for the researcher in understanding the concept of
corona virus and its impact on the businesses and economy. Apart from this, it also assists in
identifying the issues or problems which are faced by energy transition businesses because of
corona virus pandemic. Additionally, it also put emphases toward presenting the knowledge
regarding the area of corona virus and actions that businesses are considering in order to come
back within the market and gaining higher profitability (Wild, 2020). So that by evaluating those
issues it become easier to strategies the procedure to be adopted for re launching the energy
transition business after corona virus so that company be able to regain the market as well as
financial position that get affected by the spread of corona. With the execution of this study,
researcher would be able to widen up the knowledge area in relation with the area of corona
virus and manner in which it is influencing the operations and growth of business due to this
pandemic.
3

Structure of report
This is considered to be an effective part of study which represent the sections in which a
whole investigation is divided and what information a particular section involves. This assist the
investigator in getting an idea about the direction in which the activities are required to be
performed and it also assist the reader to get idea about information involve in each area. The
sections involve within current study are mentioned below:
CHAPTER 1: INTRODUCTION
This is first section of dissertation which provide a basic introduction and understanding
about eth topic selected for investigation which allow the reader to have an insight within the
area of study by understanding eth actual aim behind conducting the investigation. This section
involves a detail about the background of organisation, overview of study along with the aim,
objectives and significance of study.
CHAPTER 2: LITERATURE REVIEW
This is the second section of investigation which focuses over performing the in-depth
analysis of the data which is already being investigated by several other scholars in related area
in order to determine the nature of study and to get an idea about what direction to choose for
performing investigation in order to achieve the aim or objectives behind the study. This data is
mainly gathered by getting an access over the books, journals, articles, webpages, blog etc.
CHAPTER 3: RESEARCH METHODOLOGY
Under this section a detailed information regarding the methods and tools used by the
scholar for performing the current study is being explained and justify the reason behind
selecting one. This is most crucial part of a dissertation as it helps in getting an idea about
validity and reliability of study. This is so because the method choose for gathering and
analysing the data help in getting an idea about accuracy of information presented within the
study.
CHAPTER 4: DATA ANALYSIS AND INTERPRETATION
Under this section the data which is gathered from the primary and secondary sources
will be examined by the researcher in order to present the actual finding of investigation
conducted. In this section the secondary information will be evaluated with the help of thematic
analysis to bifurcate the information in sub sections for better understanding and primary
4
This is considered to be an effective part of study which represent the sections in which a
whole investigation is divided and what information a particular section involves. This assist the
investigator in getting an idea about the direction in which the activities are required to be
performed and it also assist the reader to get idea about information involve in each area. The
sections involve within current study are mentioned below:
CHAPTER 1: INTRODUCTION
This is first section of dissertation which provide a basic introduction and understanding
about eth topic selected for investigation which allow the reader to have an insight within the
area of study by understanding eth actual aim behind conducting the investigation. This section
involves a detail about the background of organisation, overview of study along with the aim,
objectives and significance of study.
CHAPTER 2: LITERATURE REVIEW
This is the second section of investigation which focuses over performing the in-depth
analysis of the data which is already being investigated by several other scholars in related area
in order to determine the nature of study and to get an idea about what direction to choose for
performing investigation in order to achieve the aim or objectives behind the study. This data is
mainly gathered by getting an access over the books, journals, articles, webpages, blog etc.
CHAPTER 3: RESEARCH METHODOLOGY
Under this section a detailed information regarding the methods and tools used by the
scholar for performing the current study is being explained and justify the reason behind
selecting one. This is most crucial part of a dissertation as it helps in getting an idea about
validity and reliability of study. This is so because the method choose for gathering and
analysing the data help in getting an idea about accuracy of information presented within the
study.
CHAPTER 4: DATA ANALYSIS AND INTERPRETATION
Under this section the data which is gathered from the primary and secondary sources
will be examined by the researcher in order to present the actual finding of investigation
conducted. In this section the secondary information will be evaluated with the help of thematic
analysis to bifurcate the information in sub sections for better understanding and primary
4
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information will be assess through frequency distribution and understanding would be drawn
over the outcome.
CHAPTER 5: CONCLUSION AND RECOMMENDATION
In this part of dissertation the finding extracted in data analysis section will be
summarised to provide a short conclusion from the overall understanding developed through
gathering and examination of data. This section is crucial as it help in identifying whether the
aim and objectives of the study get accomplished or not. It also includes recommendation section
which present suggestions for the improvement over current work and future practices to be
adopted for relaunch of business successfully after corona virus.
LITERATURE REVIEW
Literature review is that part of an investigation which focuses toward evaluating the already
available information to extract meaningful information. In this the investigation gather
information about particular area of study from several sources here the study in this regard is
already get performed (Selmi and Bouoiyour, 2020). By gathering information the view point of
several different authors are critically reviewed in order to develop a better understanding
regarding the nature of study which support in taking up further actions toward performing
investigation. The literature review help the investigator in determining the further pathway to be
followed to perform primary investigation by considering understanding and evidence of the
secondary study.
Concept of corona virus
As per the information presented by the Stoppler. M. C., 2020, corona virus is a kind of
common virus which infect the human as a upper respiratory infection. There are around seven
type of corona virus has bene found within human. Most of the people will get infected with at
least a type of corona virus which can be observed with the frequency it is spreading throughout
the world. The virus mainly spread within air through coughing and sneezing, touching an object
or surface contaminated with virus, close personal contact and through these it get enter into the
body. The symptoms can be seen as runny nose, feeling unwell, sore throat, fever and cough.
Most of the people who get infected with the corona virus mainly experience a mild to moderate
respiratory illness as well as recover without require any kind of special treatment in case people
having stronger recovery system or better immune system. But in case of people of older age and
5
over the outcome.
CHAPTER 5: CONCLUSION AND RECOMMENDATION
In this part of dissertation the finding extracted in data analysis section will be
summarised to provide a short conclusion from the overall understanding developed through
gathering and examination of data. This section is crucial as it help in identifying whether the
aim and objectives of the study get accomplished or not. It also includes recommendation section
which present suggestions for the improvement over current work and future practices to be
adopted for relaunch of business successfully after corona virus.
LITERATURE REVIEW
Literature review is that part of an investigation which focuses toward evaluating the already
available information to extract meaningful information. In this the investigation gather
information about particular area of study from several sources here the study in this regard is
already get performed (Selmi and Bouoiyour, 2020). By gathering information the view point of
several different authors are critically reviewed in order to develop a better understanding
regarding the nature of study which support in taking up further actions toward performing
investigation. The literature review help the investigator in determining the further pathway to be
followed to perform primary investigation by considering understanding and evidence of the
secondary study.
Concept of corona virus
As per the information presented by the Stoppler. M. C., 2020, corona virus is a kind of
common virus which infect the human as a upper respiratory infection. There are around seven
type of corona virus has bene found within human. Most of the people will get infected with at
least a type of corona virus which can be observed with the frequency it is spreading throughout
the world. The virus mainly spread within air through coughing and sneezing, touching an object
or surface contaminated with virus, close personal contact and through these it get enter into the
body. The symptoms can be seen as runny nose, feeling unwell, sore throat, fever and cough.
Most of the people who get infected with the corona virus mainly experience a mild to moderate
respiratory illness as well as recover without require any kind of special treatment in case people
having stronger recovery system or better immune system. But in case of people of older age and
5
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those who are underlying with any of the medical problem such as diabetes, chronic respiratory
disease, cancer, cardiovascular disease etc. are more likely to develop a serious illness.
On the other hand, according to information presented by Lanese. N., 2020, coronavirus
makes up a big family which have the potential to infect both the birds and mammals including
human beings as per the information presented by World Health Organisation. These viruses are
responsible for several kind of outbreaks throughout the world which mainly includes the severe
acute respiratory syndrome (SARS) which was the pandemic of year 2002-2003 and te middle
east respiratory syndrome (MERS) which get outbreak in year 2015 within southern Korea. But
this spread of Corona virus is more severe then any of these out breaks. All the corona viruses
sport spiky projections over the outer surface which resemble the point of crown or corona in
Latin word as specified by the Centres for disease Control and prevention (CDC). Beneath a
corona virus pronged exterior lies a round core shrouded within protein and contain a greasy
membrane. The core of it consist of a genetic material which a virus can get inject into the
vulnerable cell for infecting them. The spike seen at corona virus are protein extend that are
within the core to the viral surface which in turn allow the virus for recognising and get latch
onto a specific type of cell in the body (Okyere, Forson and Essel‐Gaisey, 2020). At a situation
when the spike engages its receptor or a host cell, a cascade within it get triggered which in turn
end up with merging of virus within the cells present in body. With the help of this combination
it become easier for the virus to release all its genetic material and hijack the cell’s internal
machinery. After this procedure of capturing the cell by virus shed it coat the area and convert
the cell within the factory which start creating new viruses within body.
Several of the coronaviruses use animal as their primary host in order to get spread and
create their family which then evolve to infect human later. IT has been found that the SARS and
MERS coronavirus was first appear within bats nad then jumped to human after passing through
a kind of intermediate carrier. Other than this there are four most common corona virus
pandemic that are usually found within human such as 229E, OC43, NL63 and HKU1, these are
not entered into animals rather they consider human body as their primary host as per the
information presented by Centres for disease Control and prevention. These kinds of human
borne corona viruses have presumably evolve for maximising its spread within the population
instead of pathogenicity. This means that the viruses may opt for maximising the spread instead
of harming up the human host. From this information it can be said that the spread of corona
6
disease, cancer, cardiovascular disease etc. are more likely to develop a serious illness.
On the other hand, according to information presented by Lanese. N., 2020, coronavirus
makes up a big family which have the potential to infect both the birds and mammals including
human beings as per the information presented by World Health Organisation. These viruses are
responsible for several kind of outbreaks throughout the world which mainly includes the severe
acute respiratory syndrome (SARS) which was the pandemic of year 2002-2003 and te middle
east respiratory syndrome (MERS) which get outbreak in year 2015 within southern Korea. But
this spread of Corona virus is more severe then any of these out breaks. All the corona viruses
sport spiky projections over the outer surface which resemble the point of crown or corona in
Latin word as specified by the Centres for disease Control and prevention (CDC). Beneath a
corona virus pronged exterior lies a round core shrouded within protein and contain a greasy
membrane. The core of it consist of a genetic material which a virus can get inject into the
vulnerable cell for infecting them. The spike seen at corona virus are protein extend that are
within the core to the viral surface which in turn allow the virus for recognising and get latch
onto a specific type of cell in the body (Okyere, Forson and Essel‐Gaisey, 2020). At a situation
when the spike engages its receptor or a host cell, a cascade within it get triggered which in turn
end up with merging of virus within the cells present in body. With the help of this combination
it become easier for the virus to release all its genetic material and hijack the cell’s internal
machinery. After this procedure of capturing the cell by virus shed it coat the area and convert
the cell within the factory which start creating new viruses within body.
Several of the coronaviruses use animal as their primary host in order to get spread and
create their family which then evolve to infect human later. IT has been found that the SARS and
MERS coronavirus was first appear within bats nad then jumped to human after passing through
a kind of intermediate carrier. Other than this there are four most common corona virus
pandemic that are usually found within human such as 229E, OC43, NL63 and HKU1, these are
not entered into animals rather they consider human body as their primary host as per the
information presented by Centres for disease Control and prevention. These kinds of human
borne corona viruses have presumably evolve for maximising its spread within the population
instead of pathogenicity. This means that the viruses may opt for maximising the spread instead
of harming up the human host. From this information it can be said that the spread of corona
6

virus pandemic from animal seems to cause more severe diseases in human being then the
human borne corona viruses.
On the other hand David. C. P., 2020. the corona virus is mainly transmitted among the
human being with the help of respiratory droplets which infect people expel when they breath in
and they feel cough or sneeze after it enter within the body. From the study it has been found that
a surgical mask alone can not be able to block out the viral particles contained in these droplets,
but other habits such as washing up hand frequently, avoiding touching of eyes, face, mouth,
disinfecting the frequently touching objects etc. Can help in lowering down the risk of infection.
This is so because a virus can not be able to survive for more than few hours on surface which si
outside the human body host, but when people touches the outer surface then they actually pick
up the coronavirus from that particular contaminated surface in shorter period of time. This in
turn again strengthen the corona virus pandemic life span which is the main cause why it is
spreading at a rapid speed worldwide. But the disease is spreading at a rapid speed and still no
treatment to this is available to doctors as specified by CDC. The individual who catches the
virus which are common usually recover by their own as well as cam also ease the process by
taking up the pain and fever medicines, taking hot shower, using the humidifier, drinking plenty
of fluids and most commonly staying at home by taking rest. But the anticipated incorporate
repetitive hand wash, staying home, hacking the curve of your elbow, wearing a material face
covering for keeping away with the contact of other people and social distancing method. These
all are some of the factors can be adopted by an individual in order to take precaution for being
infected with eth corona virus.
Key issues are faced by energy transition business due to corona virus
According to the perception of Chen, C.F., de Rubens, G.Z., Xu, X. and Li, J., 2020, the
COVID 19 pandemic lock down experiences the minimisation of commuting as well as business
travel which in turn bring up a lasting change within the consumption of energy. The
recessionary forces and weaker growth forecast put on a pressure over both the corporate as well
as household demand. On the other side, the risk related with the behavioural change results into
increasing the use of bio fuels, vehicles operated through electricity and improved engine
efficiency results into decrease within the demand of oil. The economic outlook, shift within
behaviour as well s decarbonisation trends which in turn combines to increases the challenge for
forecasting the demand of oil. But this pandemic of COVID 19 pandemic has bring a huge
7
human borne corona viruses.
On the other hand David. C. P., 2020. the corona virus is mainly transmitted among the
human being with the help of respiratory droplets which infect people expel when they breath in
and they feel cough or sneeze after it enter within the body. From the study it has been found that
a surgical mask alone can not be able to block out the viral particles contained in these droplets,
but other habits such as washing up hand frequently, avoiding touching of eyes, face, mouth,
disinfecting the frequently touching objects etc. Can help in lowering down the risk of infection.
This is so because a virus can not be able to survive for more than few hours on surface which si
outside the human body host, but when people touches the outer surface then they actually pick
up the coronavirus from that particular contaminated surface in shorter period of time. This in
turn again strengthen the corona virus pandemic life span which is the main cause why it is
spreading at a rapid speed worldwide. But the disease is spreading at a rapid speed and still no
treatment to this is available to doctors as specified by CDC. The individual who catches the
virus which are common usually recover by their own as well as cam also ease the process by
taking up the pain and fever medicines, taking hot shower, using the humidifier, drinking plenty
of fluids and most commonly staying at home by taking rest. But the anticipated incorporate
repetitive hand wash, staying home, hacking the curve of your elbow, wearing a material face
covering for keeping away with the contact of other people and social distancing method. These
all are some of the factors can be adopted by an individual in order to take precaution for being
infected with eth corona virus.
Key issues are faced by energy transition business due to corona virus
According to the perception of Chen, C.F., de Rubens, G.Z., Xu, X. and Li, J., 2020, the
COVID 19 pandemic lock down experiences the minimisation of commuting as well as business
travel which in turn bring up a lasting change within the consumption of energy. The
recessionary forces and weaker growth forecast put on a pressure over both the corporate as well
as household demand. On the other side, the risk related with the behavioural change results into
increasing the use of bio fuels, vehicles operated through electricity and improved engine
efficiency results into decrease within the demand of oil. The economic outlook, shift within
behaviour as well s decarbonisation trends which in turn combines to increases the challenge for
forecasting the demand of oil. But this pandemic of COVID 19 pandemic has bring a huge
7
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uncertainty as well as supply demand imbalance which create a new context for investing within
new oil development which in turn challenges the traditional business model. This is so because
with the increasing in the severity of this disease corona virus the consumption pattern for the
energy is being reducing as people are ordered to stay at home by government. This in turn
decreasing eth use of energy which in turn make it difficult for the energy transition business to
manage their better economic condition. Other than this, COVID 19 pandemic also brings a new
shift to the prices of oil which is gradually increasing due to the increase of this issue. This
increase in price has also increases the challenges for the energy transition companies to produce
energy in cost efficient manner which further affecting the economic position of several
company and also resulting into collapse of some of the businesses due to shift in consumer
demand and economic downturn.
Beside all this the power market shows a preference for the cleaner generation as the
demand falls. The COVID 19 pandemic bring up a ratchet effect which in turn has limit the
rebound within coal generation as well s accelerating the decline within coal in the United State
as well s Europe by a few years (Wells, Abouarghoub, Pettit and Beresford, 2020). The
generation of coal has continued to decline while the renewable resources has shown up more
resilience through out the market of United state, China, Europe, UK and India. The renewable
resources are responsible for creating the recent capacity additions that continue to displace the
generation of thermal energy especially with the lower power demand.
With continuation of this the Penn. I., 2020, a few years ago world was experiencing a
drop within the oil and gas price due to the development of infrastructure and several facilities
which make the access to it much easy. But current the prices has experience a huge push due to
increasing use of fossil fuels as well as hurt renewable energy source such as wind and solar
farms. In fact it has bene identified that the renewable energy is getting very much preferred by
the countries for fulfilling there demand related with the energy consumption. But while work
over solar as well as wind project it has been found with the study of industry executive as well
as analysts that renewable energy business will be continued to grow within year 2020 and next
year also even if the oil, gas and coal companies are struggling financially or seeking the
bankruptcy protection (Guerrero-Calderón, 2020). In several part of the world wide turbines as
well as solar panels are now used in order to produce electricity in cheaper rate as compare to
making use of natural gas and coal for producing energy. This factor made it more attractive to
8
new oil development which in turn challenges the traditional business model. This is so because
with the increasing in the severity of this disease corona virus the consumption pattern for the
energy is being reducing as people are ordered to stay at home by government. This in turn
decreasing eth use of energy which in turn make it difficult for the energy transition business to
manage their better economic condition. Other than this, COVID 19 pandemic also brings a new
shift to the prices of oil which is gradually increasing due to the increase of this issue. This
increase in price has also increases the challenges for the energy transition companies to produce
energy in cost efficient manner which further affecting the economic position of several
company and also resulting into collapse of some of the businesses due to shift in consumer
demand and economic downturn.
Beside all this the power market shows a preference for the cleaner generation as the
demand falls. The COVID 19 pandemic bring up a ratchet effect which in turn has limit the
rebound within coal generation as well s accelerating the decline within coal in the United State
as well s Europe by a few years (Wells, Abouarghoub, Pettit and Beresford, 2020). The
generation of coal has continued to decline while the renewable resources has shown up more
resilience through out the market of United state, China, Europe, UK and India. The renewable
resources are responsible for creating the recent capacity additions that continue to displace the
generation of thermal energy especially with the lower power demand.
With continuation of this the Penn. I., 2020, a few years ago world was experiencing a
drop within the oil and gas price due to the development of infrastructure and several facilities
which make the access to it much easy. But current the prices has experience a huge push due to
increasing use of fossil fuels as well as hurt renewable energy source such as wind and solar
farms. In fact it has bene identified that the renewable energy is getting very much preferred by
the countries for fulfilling there demand related with the energy consumption. But while work
over solar as well as wind project it has been found with the study of industry executive as well
as analysts that renewable energy business will be continued to grow within year 2020 and next
year also even if the oil, gas and coal companies are struggling financially or seeking the
bankruptcy protection (Guerrero-Calderón, 2020). In several part of the world wide turbines as
well as solar panels are now used in order to produce electricity in cheaper rate as compare to
making use of natural gas and coal for producing energy. This factor made it more attractive to
8
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the electric utilities as well s investors to be involve in such practices. Though the corona virus
has affected the energy transition business to a great extend by affecting the people consumption
pattern, stopping the traveling and transport practices and lockdown effect which results into shut
of several business for temporary purpose. This in turn results into increase in the price of oil
within several different country that make it difficult to produce or transits the energy at rate on
which companies are producing before the COVID 19 pandemic. This has now become a major
point for concern among businesses as due to increase in price of oil the production of energy is
becoming very costly as energy is mainly produce within the input of oil, coal etc. But in this
case if the businesses shift their attention toward the use of renewable energy then it remain
beneficial for them to produce the nature energy at cheaper rate which in turn further help them
in getting out from the condition of financial breakdown that companies has to face due to
pandemic Corona virus pandemic.
The renewable energy can be consider to be at growth trajectory today which will not
going to be set back at early. Though the economic slowdown caused in order to fight with the
corona virus is taking up a toll to the part of renewable energy industry just as other part of the
economy. Businesses that are until recently adding workers laying the people off as well as
putting off the investment. Among the hardest hit are the small forms that usually sell the solar
panels for the of top, their orders are being dropped steeply as the customers are putting off the
installation for avoiding the possible contact with the virus.
Impact of corona virus over the energy transition business
According to the information presented by the Lacey. M, Monk. A and Odey. F., 2020, the
continuous spread of corona virus pandemic has bring up a drastically change within the
economic condition of several countries as well as everyday life of the people. The full scale as
well as the duration of impact due to corona virus is actually unclear and it actually depends over
the future spread and global policy responses. In relation with the energy transition, it can be said
that there remain three kind of risk to this industry such as a huge impact over the consumer
demand, difficulties within supply chain and negative effect that actually brings up due to
uncertainty as well as travel restrictions. These impact of corona virus over the energy transition
business can be better understood with the help of below presented explanation,
Economic slow down that hit consumer demand: The first and foremost impact that
can be seen due to corona virus is economic slowdown world wide which in turn affected
9
has affected the energy transition business to a great extend by affecting the people consumption
pattern, stopping the traveling and transport practices and lockdown effect which results into shut
of several business for temporary purpose. This in turn results into increase in the price of oil
within several different country that make it difficult to produce or transits the energy at rate on
which companies are producing before the COVID 19 pandemic. This has now become a major
point for concern among businesses as due to increase in price of oil the production of energy is
becoming very costly as energy is mainly produce within the input of oil, coal etc. But in this
case if the businesses shift their attention toward the use of renewable energy then it remain
beneficial for them to produce the nature energy at cheaper rate which in turn further help them
in getting out from the condition of financial breakdown that companies has to face due to
pandemic Corona virus pandemic.
The renewable energy can be consider to be at growth trajectory today which will not
going to be set back at early. Though the economic slowdown caused in order to fight with the
corona virus is taking up a toll to the part of renewable energy industry just as other part of the
economy. Businesses that are until recently adding workers laying the people off as well as
putting off the investment. Among the hardest hit are the small forms that usually sell the solar
panels for the of top, their orders are being dropped steeply as the customers are putting off the
installation for avoiding the possible contact with the virus.
Impact of corona virus over the energy transition business
According to the information presented by the Lacey. M, Monk. A and Odey. F., 2020, the
continuous spread of corona virus pandemic has bring up a drastically change within the
economic condition of several countries as well as everyday life of the people. The full scale as
well as the duration of impact due to corona virus is actually unclear and it actually depends over
the future spread and global policy responses. In relation with the energy transition, it can be said
that there remain three kind of risk to this industry such as a huge impact over the consumer
demand, difficulties within supply chain and negative effect that actually brings up due to
uncertainty as well as travel restrictions. These impact of corona virus over the energy transition
business can be better understood with the help of below presented explanation,
Economic slow down that hit consumer demand: The first and foremost impact that
can be seen due to corona virus is economic slowdown world wide which in turn affected
9

the demand of consumers within key end market such as use of electrical goods,
residential electrical applications and electric vehicle. This in turn brings up a negative
impact over the companies that deals within the electrical equipment’s and battery market
for short term.
Supply chain and logistic risk: The second major risk which is concern with the supply
chain as well as logistic risk to several organisation across different set of energy
transition sub sector (Hall, Scott and Gössling, 2020). China is consider as dominating
nation for the global supply chain and particularly consider better for the production of
solar equipment’s and lithium ion batteries. When the government of China restrict the
movement throughout the country, the ability of factories available within country to
ramp up the production become limited. This shutdown so production is also occurring
within several other countries too. Addition to this the global transportation network is
also being restricted which in turn further slow down the production within factories,
logistical challenges that are mainly created due to lockdown as many of the facilities are
not able to receive appropriate components as well as raw material. With this disruption
of the equipment delivery potentially delaying the project construction schedule
throughout the world. This in turn also results into increasing the component pricing.
Impact of uncertainty and travel restriction: The final risk is presumed through the
heightened global uncertainty as well as restriction that are imposed over travel and
transport practices in order to stop the spread of corona virus. These two forces together
present the effect of seeing new renewable energy project to be delayed or postponed
(Hanna, Xu and Victor, 2020). The year 2020 is consider to be record year for the
installation of both the wind as well as solar installation globally, where China is consider
as a centre for this scenario. But after the spread of corona and claiming China as the
reason behind this virus by several different countries throughout the world also affected
the energy transition companies not for fossil fuel energy but also for the renewable
energy.
Hence, from this it has been acknowledged that the risk of corona virus throughout the world
within short term are relatively high particularly with respect to the year 2020 as its earning get
disrupted to a great extend. However it is believed that the long term value and potential of the
organisation are exposed with eth energy transition has not been materially changes. While the
10
residential electrical applications and electric vehicle. This in turn brings up a negative
impact over the companies that deals within the electrical equipment’s and battery market
for short term.
Supply chain and logistic risk: The second major risk which is concern with the supply
chain as well as logistic risk to several organisation across different set of energy
transition sub sector (Hall, Scott and Gössling, 2020). China is consider as dominating
nation for the global supply chain and particularly consider better for the production of
solar equipment’s and lithium ion batteries. When the government of China restrict the
movement throughout the country, the ability of factories available within country to
ramp up the production become limited. This shutdown so production is also occurring
within several other countries too. Addition to this the global transportation network is
also being restricted which in turn further slow down the production within factories,
logistical challenges that are mainly created due to lockdown as many of the facilities are
not able to receive appropriate components as well as raw material. With this disruption
of the equipment delivery potentially delaying the project construction schedule
throughout the world. This in turn also results into increasing the component pricing.
Impact of uncertainty and travel restriction: The final risk is presumed through the
heightened global uncertainty as well as restriction that are imposed over travel and
transport practices in order to stop the spread of corona virus. These two forces together
present the effect of seeing new renewable energy project to be delayed or postponed
(Hanna, Xu and Victor, 2020). The year 2020 is consider to be record year for the
installation of both the wind as well as solar installation globally, where China is consider
as a centre for this scenario. But after the spread of corona and claiming China as the
reason behind this virus by several different countries throughout the world also affected
the energy transition companies not for fossil fuel energy but also for the renewable
energy.
Hence, from this it has been acknowledged that the risk of corona virus throughout the world
within short term are relatively high particularly with respect to the year 2020 as its earning get
disrupted to a great extend. However it is believed that the long term value and potential of the
organisation are exposed with eth energy transition has not been materially changes. While the
10
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