As the energy system decarbonizes, it is becoming more complex and more interconnected. Today’s emerging energy system is fundamentally different, forcing companies to compete globally. New technologies will have to be developed to meet climate ambitions, evolving energy uses, and emerging new supply chains. How will corporate structures and business models change as new opportunities, but also new threats, emerge? What new business models can scale new technologies to support decarbonization efforts? What opportunities and challenges will companies face?