Unlocking Carbon Capture and Storage (CCS) Growth through Digital Innovation
Viewpoint

14 Oct 2024
by Rita N. Soni, Arpita Dwivedi, Ambika Kini, Meenakshi Narayanan

In the face of escalating climate change impacts, the demand for effective carbon removal technologies has never been more pressing. Carbon Capture and Storage (CCS) stands out as a promising suite of solutions aimed at mitigating carbon dioxide emissions from industrial sources and power generation. This report provides analyzes in-depth the current state and future potential of CCS, emphasizing the urgent need to scale these technologies to meet net-zero emission targets.

Despite its potential, the CCS sector faces significant scalability challenges. This viewpoint centers on digital technologies’ transformative role in addressing these hurdles. It explores how advances in digital solutions can enhance key performance indicators such as cost, efficiency, safety, and reliability within the CCS landscape. Furthermore, the report evaluates the current digital solution provider ecosystem in the CCS space and introduces Everest Group’s CATER framework, which serves as a guide to identify successful digital use cases to scale CCS operations.

This comprehensive report is aimed at industry stakeholders, policymakers, and sustainability professionals seeking to understand CCS and digital technology’s intersection, providing actionable strategies to harness these innovations to drive meaningful climate action.

Scope

All industries and geographies

Contents

In this report, we examine:

  • The urgent need to scale CCS technologies
  • The challenges hindering the CCS industry’s scalability
  • Digital technologies’ role in enhancing CCS
  • Digital solution providers’ landscape for CCS
  • Everest Group’s CATER framework to identify effective digital use cases

Membership(s)

Sustainability Technology and Services

Sourcing and Vendor Management

 

Page Count: 15