Welcome 2020 - The decade of clean electrification
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Navneet Co-Founded Vrinda Inc. a New York Corporation to focus on new energy economy propelled by distributed energy resources, clean technologies and new business models. Navneet has 27+ years...
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This item is part of the Special Issue - 2020-01 - Predictions & Trends, click here for more
Happy New Year 2020!
In the last decade, US energy sector was the worst performer in the S&P 500 (-1%) and the utility sector was the bottom performer among the key sectors. Onslaught of renewable energy, efficiency and technology advances led to apocalyptic talks of “ the Utility death spiral”. Well, utilities largely survived barring a few bankruptcies! As we look forward to the next decade and importantly, at the future of the energy and utility sector, some very promising opportunities are looming. According to Bloomberg New Energy Finance (BNEF Energy outlook 2019)
The Demand for electricity is going to triple by 2050
there is a great opportunity for the energy and utility sector to grow. However the key question will be,