Power and utilities

We combine global experience and local knowledge to create strategies that strengthen companies in the face of the challenges of the energy transition


Rethinking energy, transforming the future

The energy sector is undergoing one of the greatest transformations in its history. Decarbonisation, decentralisation and digitalisation are redefining business models, value chains and investment decisions. In Portugal, the energy transition brings significant challenges – from integrating renewable energy to modernising networks – but also unique opportunities for innovation and sustainable growth.

New players are entering the market with advanced solutions such as decentralised generation, energy storage and emerging technologies like green hydrogen. At the same time, traditional companies face pressure to adapt strategies, optimise operations and align with ESG objectives.

At Strategy&, we help organisations in the energy and utilities sector navigate this change with confidence. We combine strategic vision and practical experience to support everything from defining operating models to growth strategies, M&A and technology integration. Together, we turn challenges into opportunities and prepare the sector to lead the future of energy.

We help companies in the energy and utilities sectors define clear strategies to grow and compete in a transforming market. From analysing global and local trends to designing resilient business models, we support the creation of strategic plans that align objectives, capabilities and investments, ensuring sustainable impact and competitive advantage.

We assist clients across the value chain of a merger process from strategy development, target identification, synergy assessments, regulatory strategy, and integration programme implementation. We also offer support with acquisition strategies, financial analysis and valuation, due diligence support, clean room operation, post-merger integration, and business carve-outs.

We support our clients in the sustainable optimisation of their entire services and cost base with independent analysis and support of cost structure review, process optimisation, customer management, supply chain optimisation, asset utilisation, and outsourcing analysis.

We work with clients to improve network optimisation, deployment economics, and investment effectiveness. With an emphasis on innovation strategy and technology assessment, we do more than design your right future – we’ll also help build it with you in a tangible, practical, results-driven way.

We support organizations in defining and implementing technological strategies that drive innovation and competitiveness. From evaluating emerging technologies to integrating digital solutions, we work to improve network efficiency, optimize investments, and ensure that technology is an engine for growth. More than just designing the future, we help build it in a practical and results-oriented way.

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Cláudia Rocha

Cláudia Rocha

Partner, Contact_Profile_PwC_Strategyand_Portugal