Central to any business success is a strong and effective financial strategy plan. This is not a point of conjecture or an observation with grey areas, it is a plain statement of fact!

In Part 1 of this blog Strategy Director Gudrun Jónsdóttir described the path Reykjavik Energy is taking towards streamlining, good corporate governance and pursuing a transparent and on track company ownership strategy. Here she concludes by emphasizing the need for a culture that is clear, informed and on message.

Reykjavik Energy, the world's largest producer of geothermal energy, has been on a lengthy strategy journey to streamline the company's operations, including its ownership structure and ESG agenda. Gudrun Jónsdóttir has led the implementation as Strategy Director and shares here her deep insights into strategic planning and good corporate governance in a utility company - and how to balance the many bottom lines.

Lyngby Taarbæk Utility is feeling the geopolitical energy crisis on several levels - not only in terms of rising costs for energy and construction projects but also in preparedness and IT security. The company's CEO Flemming Horn Nielsen has been working hard on strategy and strategy development since 2020, and he argues for ditching the Excel sheets in favor of a system designed for the purpose.

According to Lars Goldschmidt, the utility industry needs more cooperation with capable external actors. And better framework conditions are important prerequisites for utilities to handle the task of providing security of supply in a geopolitical crisis, while maintaining the green agenda.