Global energy supply can move to 100% renewable energy by 2050. Energy can go fully renewable by:
(1) increasing electrification in the heating and transport sector (2) increase in “energy productivity” (3) conversion of the gas industry to synthetic fuels, hydrogen, and methane produced by solar and wind power. Conversion of 197 GW gas fired power per year.
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Energy Storage
Energy storage market doubled in value in 2018 to $973 MM. Oil & Gas Oil & Gas industry returns in 2019 will be driven by consolidation and simplification. Latest News 2018 US VC funding that highest level since 2010 at almost $100 BN. Global growth is expected to slow to 2.9% in 2019. States committed to 100% RE include NJ, NY, CA, HI and Puerto Rico as well as over 100 cities. Solar PV 1.6% of US energy generation at the end of 2018. Energy hedges provided by the financial markets. The challenge in fusion power is the economics. |
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February 2019
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