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Stefan Heck | Resource revolution: A tenfold increase in productivity

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Published on Oct 31, 2014

"Resource revolution: A tenfold increase in productivity"
Stefan Heck, consulting professor, Precourt Institute for Energy, Stanford
Energy Seminar - October 27, 2014

Look at the car industry, which is more than a century old and which is generally seen as mature—but which is wildly inefficient in its use of resources. The average car is in use only 4 percent of the time. Less than 1 percent of the energy used in a car actually goes to transporting the people in it. Operating at maximum efficiency, a highway is only 5 percent covered by cars. Yet cars can become much more energy-efficient by, for instance, switching to electric motors. Idle time can be slashed by sharing cars or even through driverless technologies. Highways can be packed much more densely with cars when they have autopilots like airplanes and ships.

Similar disruptions are roiling businesses from oil and gas to power and water to agriculture, transportation, buildings, and even healthcare. This talk on Resource Revolution explores how companies from GE to Cree are meeting this 21st century productivity imperative and offers practical steps to guide managers in any industry.

Brief Bio:
Stefan Heck is a consulting professor at the Precourt Institute for Energy at Stanford University, teaching courses and conducting research on innovation, energy, and resource economics. At the Steyer-Taylor Center, Stefan will link the most compelling opportunities for transformational change articulated in his new book Resource Revolution: How to Capture the Biggest Business Opportunity in a Century to long-term investors, including proposing designs for new investment vehicles and modification of existing ones. Previously he was a Director (senior partner) at McKinsey and he co-founded the Cleantech and Sustainability Transformations practices. Stefan has worked extensively with Fortune and Global 100 technology, industrial, infrastructure, building systems, retail, utility and energy companies across the US, China, Korea, Japan, India, and Europe.

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