Stakeholder Involvement in the Energy Transition - A Grid Company's Perspective

Global warming is threatening the world. Recently, the Dutch government obliged grid companies to phase out fossil fuels. Thus, the structural change in energy provision is needed. This is also known as energy transition. The study aims to accelerate the energy transition, from the perspective of a grid company in collaboration with their stakeholders, by creating stakeholder value using the stakeholder theory. Therefore, the study provides a deeper understanding of the joint purpose between a grid company and its stakeholders. Empirical research methods are used, together with a decision-making tool, to assess the theories used in this study. Results of the study show that a grid company’s projects should be aligned with the stakeholder’s requirements, in order to establish the joint purpose.