The DNV 2025 Energy Industry Insights surveyed 1,100 senior energy executives to understand how the forces of short-term volatility and long-term optimism are combining to create new challenges and opportunities for the energy industry.

In renewables, only 50 per cent expect to meet revenue targets, and just 43 per cent are optimistic about profits, down from 75 per cent and 67 per cent three years ago due to changes in political risks and the social landscape.

Perhaps even more telling, 53 per cent of oil and gas respondents say their organisations will prioritise fossil fuels over renewables in the next five years, this is up from 46 per cent in 2024.

Overall, 96 per cent in the power sector say there is an urgent need for greater investment in the power grid as electrification is boosted the globe.

In short, the picture remains mixed, and despite a general optimism in the sector as a whole, it clear that current attitudinal shifts are reshaping the expectations of the industry.

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