As renewable energy initiatives are effective, the oil and gas industry will face declining revenue and ultimately, by 2033 they will be a minor player in world markets. The prospect of declining revenue for the oil industry 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. The governments have been ineffective. Businesses such as Google, Amazon, and others have been effective in implementing green energy.
This ability of a business to finance utility-scale energy platforms brings a shift in the power industry. The shift 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
The bushfires in Southwestern Australia are stunning in their devastation. The fires consumed 12 million acres, killed nine people and destroyed 1,000 homes. 500 million animals are thought to have been lost in the fires, including 30 percent of the country's koala population. This is just the beginning, the carbon emissions have to be stopped, we have to go 100% renewable energy.
The PowerPoint is backed by several thorough market industry research studies on the battery industry.
- Next-generation energy systems are here
- Utility-scale energy storage offers investment-grade systems
- Investment-grade systems can be financed.
- Equipping entire world with utility-scale energy storage
- Represents negligible % of GDP between now and 2033
- People want to clean energy
- Abu Dhabi National Oil
- Florida Light and Power
- Royal Dutch Shell
- Sumitomo Electric