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.”

Follow us on social media for the latest updates in B2B!

Twitter – @MarketScale
Facebook – facebook.com/marketscale
LinkedIn – linkedin.com/company/marketscale

Follow us on social media for the latest updates in B2B!

Latest

Daimler Truck Shrugs Off Supply-Chain Issues With Rising Sales
August 11, 2022
(Bloomberg) -- Daimler Truck Holding AG said demand for commercial vehicles will continue to outweigh supply in the second half of the year after the German manufacturer reported better-than-expected quarterly Read more
Micron’s Warning Adds to Evidence of Collapsing Chip Demand
August 11, 2022
(Bloomberg) -- Micron Technology Inc., the leading US maker of memory semiconductors, became the latest chipmaker to declare that demand is falling off rapidly. It warned investors that revenue won’t Read more
What the Fire Ignited: Transforming Tragedy into Personal and Professional Success
August 10, 2022
When life’s challenges are the toughest, inspiration comes from those who’ve faced the worst and come out on top. Just ask Shay Eskew, Chief Sales Office at CirclesX, a man who took on Read more