BrazilGerman in-house consultancy innogy consulting expands into US
Advisory firm innogy consulting, a subsidiary of German-origin energy giant innogy, has made a foray into the globe’s largest consultancy market – the United States. The company is aiming to leverage its expertise and experience learned in Europe to provide value-adding management consultancy services to US utilities needing to innovate and adapt in the changing energy landscape.
“The U.S. energy market is the largest and most dynamic in the world. Strengthening our presence in North America is central to innogy consulting’s strategy for future growth,” said Klaus Grellman, Managing Director of innogy consulting.
Founded in 1981, innogy consulting was founded as RWE Consulting. When the energy giant in 2016 carved out its renewable energy into a new business unit, innogy, the in-house consulting firm was rebranded as innogy consulting. The firm currently has a team of around 180 consultants across offices in Germany, the UK, the Netherlands, Czech Republic, Dubai, and now the US as well.
To head its US wing, the in-house consultancy has brought a longtime utility industry expert on board, Glenn George, who brings over three decades of experience in the global energy sector to the firm. Among other roles, George has served as a Managing Director with NERA Economic Consulting, part of Oliver Wyman; Partner in the advisory practice of KPMG; and co-head of the global energy group at Nomura Securities.
George will be based in innogy consulting’s Boston office, providing support to clients mainly based in Boston, New York, Philadelphia and Washington D.C. “My professional focus in recent years has been on helping utility companies transform themselves into greener, more customer-focused, and technology-enabled organisations – providing the strategic, transactional, regulatory, dispute-related, and operational support they need along the way,” he said. “innogy consulting is the ideal platform for delivering this kind of work.”
He will work closely with Oliver Riedel, Managing Director of innogy consulting US, and the firm’s teams in Europe and the Middle East to develop propositions and in the delivery of engagements. innogy consulting’s portfolio comprises large-scale management consultancy assignments for grid and infrastructure, retail, and renewable clients across borders, including managing the 2nd largest IPO in Germany’s history. The in-house consultancy also acts as the advisor for innogy’s M&A strategy.
“innogy consulting has helped catalyse, shape, and deliver the ongoing energy transformation across Europe and the Middle East. Glenn’s arrival will help cement the same kind of capabilities in the North American market,” said Riedel.
