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Buggy Whips for the Oil Industry

  • Report

  • 54 Pages
  • February 2020
  • Region: Global
  • Wintergreen Research, Inc
  • ID: 4987876

Oil Industry Goes the Way of the Buggy Whip Manufacturers

As renewable energy initiatives are effective, the oil and gas industry will face declining revenue and ultimately, by 2033 be a minor player in world markets. The prospect of declining revenue is not easily embraced by thriving business and the executives in those businesses have trouble getting their arms around the difficulties they have in embracing next-generation utility-scale battery technology.  

Zero-carbon emissions mean that no carbon is being produced from fuel burning to get power. All the people in the world have by now grasped the difficulties caused by fuel and carbon emissions, they just do not know what to do. The same is true for oil industry executives. This PowerPoint presentation provides a path forward for those executives, it describes next-generation technology. Fuels are last generation technology, flow batteries are next-generation technology. Fuels used by burning them to create energy, thereby creating carbon and other emissions, are not what people want in their lives. This PowerPoint illustrates the power that people ultimately will have as they work with the businesses of the world to move to next-generation technology.

The governments have been ineffective. Businesses, Google, Amazon, and others have been effective in implementing green energy. Zero-carbon electricity worldwide is provided by 100% renewable energy supplies backed by utility-scale storage systems. Utility-scale energy storage is an essential aspect of achieving a no carbon world energy profile. The renewable energy from wind and solar is intermittent, so efficient storage is needed to make it work. This storage has finally become an asset, something that can be financed and paid for overtime by businesses.  

This shift in the power industry is one that can be embraced by the existing oil industry, or it can be ignored. If the oil industry chooses to ignore the next-generation technology, those companies go the way of the buggy whip manufacturers at the turn of the century in the US in the early 1900s.

This PowerPoint is backed by several thorough market industry research studies on the battery industry.

Key Points in this PowerPoint:

  • Oil Industry on its Side
  • Siemens driving prices down on flow batteries
  • Tesla sees the future of energy storage of renewable power
  • People want clean energy systems
  • Storage systems enable profitability and reduce project risk
  • $15 Trillion to be Repurposed

Companies Mentioned

A selection of companies mentioned in this report includes:

  • ABB
  • Abu Dhabi National Oil,
  • AES
  • Amazon
  • BP
  • BYD
  • ConocoPhillips
  • Florida Light and Power
  • Google
  • Lockheed
  • Nissan
  • Redflow
  • Royal Dutch Shell
  • Samsung
  • Siemens
  • SunGrow
  • Tesla