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Impact Story

Harnessing the power of business building to transform the energy industry

A leading energy company with a proven capacity in R&D wanted a way to capitalize on ideas that fell outside the core business.

Our client, a major global energy company, had a formidable reputation in R&D and investments in many energy and technology start-ups. But it had no way of building and scaling noncore businesses internally.

That meant that the company was leaving some of its best ideas on the table, at a time when the energy industry was undergoing significant disruption.

 

What we did

An in-house start-up building engine gave the company a way to turn its brightest ideas into thriving businesses.

  • establishing two new subsidiaries and designing the incubator operating model in 9 weeks
  • assembling a cross-functional team with start-up growth experience, plus new hires
  • building capabilities to evaluate and scale new ideas quickly, targeting an incremental $5 billon market cap within 5 years
  • in tandem, developing the first stand-alone business: a real-time analytics offer for the energy, mining, and construction industries

With Leap and its deeply experienced business builders, we were able to build this capability from scratch in six months. The result is transformative not just for us but also for our entire industry.

Managing partner of the newly built entity

Our impact

2-3

new businesses a year

$5B

market-cap-increase target by 2025

$77M

of value delivery from first business in 2019

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Harnessing the power of business building to transform the energy industry