The global energy and utilities sectors are shifting from fossil fuels to sustainable sources, responding to the demand for greener practices, reduced pollution and climate action.
This transition heralds a radical shift in procurement and supply chains, further catalyzed by cybersecurity threats, natural disasters, changing regulations and emerging technologies. Companies must be agile, balancing financial performance with safety, reliability, quality and customer demands.
GEP helps energy and utilities companies transform their procurement and supply chain teams into world-class organizations.
Energy & Utilities Companies Trust GEP to Drive Results
15%
Rise in procurement ROI for Fortune 500 O&G company
40%
Drop in inventory wastage and lead times for global O&G firm
10x
Reduction in process steps for Fortune 100 O&G company
Empowering Energy & Utilities for Success
From opportunity assessments and category management to supplier performance management and source-to-pay processes, GEP provides a portfolio of solutions to address the challenges that energy and utilities companies face
Our Approach
GEP brings decades of experience to the table with the collective knowledge of hundreds of subject matter experts (SMEs) and consultants. We rely on the expertise of these leaders to help transform companies — with proven results. GEP customizes its approach for each client while leveraging best-in-class tools and templates. Our comprehensive suite of services addresses all levels of the supply chain, enabling companies to tackle the biggest challenges facing the energy and utilities industries now and in the future.
GEP delivers maximum value in purchasing process support, but it doesn’t stop there. We look beyond that and create a holistic total cost of ownership for companies and supply chains, maximizing our clients’ market propositions to investors and customers.
Our Solutions
Energy of the Future
- Building a step-by-step path to net zero
- Integrating hydrogen into your infrastructure
- Preparing for wide-scale electrification
Renewables
- Ensuring capacity and stability while shifting to renewables
- Defining the role of nuclear power
- Selecting renewable energy assets and development partners
- Integrating hydrogen into your infrastructure
Generation
- Ensuring long-term productivity of your generation assets
- Developing a strategy for your fossil assets
- Implementing best practices when contracting with OEMs
- Reducing costs and maintaining schedules for capital projects
Transmission & Distribution
- Creating resiliency for extreme weather events
- Preparing for expanded transmission required by renewable energy assets
- Preparing for growth of distributed energy resources
Electric Vehicles
- Determining role of utilities in accelerating the transition to electric vehicles
- Upgrading your distribution to handle new demand from EVs
- Planning the build-out of a charging network for EVs
- Assessing implications of net metering for utilities
Battery Storage
- Identifying top suppliers and assessing market competitiveness
- Competing with high demand from other industries
- Planning for and fulfilling rapidly scaling demand
- Ensuring reliable storage system for volatile generation scheme
- Making sure that suppliers can consistently meet your demand
- Ensuring responsible sourcing of precious metals
Our Track Record
With 25 years of experience working with Fortune 500 and Global 2000 enterprises, GEP knows how to assist the rapidly evolving energy and utilities sectors.
- Enabled greater technology utilization and 30% supplier rationalization for an electricity and gas utility in the U.S.
- Worked with a Fortune 100 multinational energy corporation to implement 40% automation in buying channels and reduce turnaround time by over 50%
- Delivered $14 million in savings by transforming the procurement process for a U.S.-based electric and gas utility
- Drove a 19X ROI through inventory optimization and enhanced O&M savings for a leading electricity and gas utility
- Identified $5-10M in potential cost savings and efficiency gains through process improvements and digital transformation in procurement and material management
- Achieved a 25% reduction in inventory and a 10% spend reduction for a global LNG company by optimizing spare parts supply chain
Industry Insights
GEP Spend Category Outlook Report 2025
Leading Utility Mitigates Supply Risk and Reduces Costs With GEP
Utility Company Gains Cost Transparency and Optimizes Negotiations With Should-Cost Modeling
