How Are Energy Projects Scaling Up as Renewables Get Cheaper?
Energy Innovation recently released a report confirming something some have begun to suspect – fossil fuels could be sunsetting faster than anticipated.
The report found that initial conclusions that proposed 75% of coal plants would no longer be economically advantageous by 2025 could actually have been conservative. Now, it appears that wind and solar could replace as much as 80% of coal production immediately.
However, there are still barriers to clear. Namely, the math around scaling up renewable energy projects and the tactics that will be required to navigate the pushback from legacy energy sources will be key points of discussion in the months and years to come.
To delve deeper, Voice of B2B Daniel Litwin invited renewable energy expert with EnergyRates.ca Siddha Mahajan onto this episode of MarketScale TV to talk legacy energy’s response to a potential renewable surge, the economies of scale for new renewable projects, how organizations reliant on coal and other fossil fuels can make the shift, and more.
“Renewable energy is becoming mainstream,” Mahajan said. “There are many challenges in terms of changing the mindset of the people who have built a whole economy out of fossil fuels. … It’s a step-by-step thing, and it’s really picking up the pace.”
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