Who are the Ubers of Energy & How do They Create Energy Brands?

Play
Share Button
Fridrik Larsen Explains Energy Brands

Fridrik Larsen Explains Energy Brands

Why are Duke Energy and other utilities so good at being the “Ubers of energy” and creating appealing energy brands while other energy companies are struggling to establish clear and attractive brands?

In this podcast (click on the player above to listen), Fridrik Larsen, CEO of Larsen Energy Branding–likely the first CEO in the world to get a Ph.D in energy branding—defines energy branding and explains why many companies are doing a bad job of establishing a clear, consistent and compelling brand.

Who’s doing a good job of branding? Duke energy, he says. The company understands its connection to its customers and understands that energy consumers don’t have just one face. RWE Group in Germany is also a adept at branding, as is NPower in the UK.

“Npower understands where the market is going, and wants to be the next Uber of energy,” he says.

“With customer-driven companies, you need branding,” Larsen says. Utilities especially need energy branding because so many newcomers are coming in and trying to grab a share of the market, he notes.

Recent college graduates are greener and more idealistic, he says. They will demand more from utilities and energy companies. Utilities need to be opaque and need to offer green options, he says.

To brand for the next generation of environmentalists, companies must be honest and genuine. They may have to clean up their energy portfolios before they try to “look” like they’re environmentalists, he stresses.

“You can’t greenwash them,” he says. If a company burns fossil fuels, it has to be honest. Companies that burn fossil fuels might consider purchasing carbon offsets to show their intention of improving the environment.

“To be a good brand you have to be honest and work your image from your own identity.”

In addition, energy companies need to strive to be consistent. “You can’t be a scientist in a white jacket one day and a comedian the next day,” Larsen says.

Share Button

Free Resource from Microgrid Knowledge White Paper Library

industrial power reliability
State of Commercial & Industrial Power Reliability Report
In S&C Electric's first “State of Commercial & Industrial Power Reliability” report, conducted in collaboration with Frost & Sullivan, facilities and energy managers of commercial and industrial (C&I) businesses across the United States were surveyed regarding their perspectives on power reliability and future energy needs. Download the full report from S&C to learn more about what C&I leaders across the U.S. have to say about reliability and the energy of tomorrow.
Sign up for our newsletter and get the latest microgrid news and analysis.

Comments

  1. “Utilities need to be opaque and need to offer green options, he says.”

    Sure you don’t mean to say “transparent?

  2. It’s not really branding and Uber is not really the correct model. But the right “final connection” has to be made by a human with a clear, consistent, brief and compelling message. The one thing we know for sure is those humans will probably not come from the ranks of energy efficiency consultants, engineers, utilities, or governments all of which have created a language which simply doesn’t resonate. Maybe Uber drivers really are the better choice…

  3. Yes, why are the richest companies in energy also the best at being the most visible… jeez, what a teaser. That energy branding guy must laugh his head off and sleep like a baby at night at the thought of divorcing these companies from their cash.

Leave a Comment

*