European consulting firm Baringa Partners has unveiled plans to broaden its energy advisory global footprint by partnering with US-based energy advisory E3. The deal will combine the strengths of the two firms, allowing Baringa to boost its offering, while also working with E3 specialists on projects to explore the effects of new technologies.
E3 (Energy & Environmental Economics) is an in 1989 founded energy consultancy that operates “at the nexus of energy, environment, and economics”. The firm provides advice to utilities, regulators, government agencies, power producers, energy technology companies, and investors on a wide range of critical issues in the electricity and natural gas industries. E3 focuses on the North American electricity markets and has offices both the US and Canada, with its headquarter in San Francisco.
Baringa Partners is a UK headquartered management consulting firm founded in 2000. The team of approximately 35 partners and 350 advisors distinguishes itself in the marketplace with an industry-focused approach, centred around three key sectors: Financial Services, Energy and Utilities sectors. Yet in recent years the firm has gradually grown its footprint in Telecoms and Media as well, in essence adding a fourth pillar to its service portfolio, explains Adrian Bettridge, Baringa’s Managing Partner.
In line with its ambition to broaden its energy advisory global footprint and boost its commercial transaction support services to North America, Baringa decided to partner with E3. The deal will combine the two firm’s extensive expertise in energy system modelling and provide multinational companies with “unique insights into the strategic implications of deep decarbonisation at a global level.” The two firms will also use their collaboration to explore the implications of new technologies on future market and energy system design.
Duncan Sinclair, Partner at Baringa Partners, says: “This exciting new partnership will allow us to provide deep-sector knowledge to global markets and access the latest technology and market design thinking from California. Our clients are already benefiting from the combined expertise that we are applying to some new exciting opportunities we are currently working on.”
Ren Orans, Managing Partner at E3, adds: “Both our companies have the ability to provide deep sector expertise to the global energy markets but we will be even stronger with our capabilities combined. It will be a great pleasure to work more closely with Baringa so we can create new opportunities and offer innovative solutions that support the energy industry.”
Broadened service offering
Earlier this year, Baringa launched a new offering within its Risk & Compliance practice – dubbed ‘Risk Analytics’.