Chevron Executives Highlight Role of Innovation in Energy Transition at Reuters NEXT 2024

Jeff Gustavson, president of Chevron New Energies, and Jim Gable, president of Chevron Technology Ventures, emphasized Chevron's pivotal role in advancing the energy transition at the Reuters NEXT 2024 conference. Speaking about the evolving energy landscape, Gustavson and Gable outlined how Chevron's existing capabilities, extensive infrastructure, and strategic investments position the company to meet growing energy demands while advancing lower-carbon technologies.

Chevron Technology Ventures, the company's corporate venture capital arm, is actively investing in innovative technologies to develop scalable, reliable, and affordable energy solutions. The executives underscored the importance of collaboration between established corporations and early-stage companies to drive innovation, reduce carbon intensity, and ensure sustainability.

Highlighting the necessity of reducing the cost and risk of innovation, Gustavson stressed that achieving a sustainable energy future requires reliable solutions that balance economic feasibility and environmental responsibility. Chevron’s unique blend of resources, expertise, and customer relationships enables the company to play a critical role in addressing global energy challenges.

As energy demand rises globally, Chevron’s approach exemplifies the potential of large-scale collaboration to foster a cleaner and more sustainable energy future.

Source: Chevron