Monday, 9 August 2010

Ernst & Young sets its sites on the clean tech sector

Ernst & Young claims to be the first of the ‘Big Four’ consulting companies to establish a dedicated Global Cleantech practice at the centre of a worldwide network of consultants addressing Cleantech-specific issues. As part of this focus the firm has also launched a Global Cleantech Centre of Excellence and has established leaders and teams in over 40 countries around the world.

In the UK and Ireland Steven Lang will coordinate a team of more than 100 serving, clients in the Clean Energy and Clean Technology sectors across all four service lines of Advisory Services, Assurance, Tax and Transaction Advisory Services.

Lang commented that “We expect to substantially increase our revenues from this rapid growth sector to more than £100m within the next three to five years. Cleantech is driving a global transformation in the way natural resources – including energy and water – are produced, distributed, stored, managed and consumed. This transformation presents enormous opportunities and challenges for global businesses large and small, as well as governments and entrepreneurs.”


It’s no surprise that the consultancy firms are gearing up to address the opportunities in the green market, but it can be seen as a bellwether for the state of the sector and for green ICT opportunities. Where management consultants lead IT services companies are not far behind. (Most IT companies would rather be leading themselves, but not many have the credibility).

© The Green IT Review

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