Asset One has announced the launch of OneCTO, a subscription-based chief technical officer service designed for asset operators and duty holders who are facing increasing financial and technical pressure following the UK Government’s decision to keep the Energy Profits Levy in place.
The continued application of the Energy Profits Levy has reduced available capital across the sector and is forcing operators to deliver safe and reliable performance with significantly reduced margins. Many organisations are now unable to justify hiring senior technical leaders at a time when strategic decision making, digital transformation and disciplined governance are needed more than ever.
Alongside this, the rapid rise of artificial intelligence and machine learning in asset management is creating additional pressure on leadership teams. Predictive maintenance, digital twins, AI driven analytics and automated reporting all offer real promise for improving operational efficiency, but only if they are implemented with clear technical oversight, strong data governance and a well-defined strategy. Without senior strategic direction, AI risks becoming a cost burden rather than a value driver.
OneCTO has been created to support operators through both challenges at once.
OneCTO gives organisations flexible access to CTO level strategic support for a fixed number of days per month. This allows leaders to strengthen governance, improve decision quality and guide AI and digital investment without the cost of a full time executive. Clients can use OneCTO to support asset strategy, investment prioritisation, maintenance and reliability improvement, integrity governance, operational efficiency and digital transformation.
Paul Tawse
Paul Tawse, Partner at Asset One, says, "The decision to keep the Energy Profits Levy in place has tightened budgets across the entire sector and many operators simply cannot add senior technical headcount even though the complexity of the work continues to grow. At the same time, organisations are being encouraged to adopt AI and digital tools that require strong leadership if they are to deliver value. OneCTO is our response to this very real challenge. It gives operators credible, independent and experienced strategic guidance on a flexible basis so they can make the right long-term decisions without increasing permanent cost."
OneCTO is offered across three subscription tiers that can be scaled depending on the level of strategic support required. Packages range from targeted support for critical decisions to full CTO level involvement across asset strategy, governance and digital transformation.
The service is available immediately throughout the UK and internationally and has been designed specifically for asset operators, duty holders, onshore and offshore facilities and energy organisations looking to protect performance while managing financial constraints linked to current government policy.
For further information, visit www.assetonepartners.com or contact info@assetonepartners.com.