Although oil-fired power plants account for less than 3% of global electricity generation, their output quantity is comparable with total solar-generated electricity.
For developers of utility-scale solar plus storage projects, the niche market for replacing these plants worldwide can be valued at over $70 billion annually. It is worth noting that in certain regions with high electricity prices, oil remains the primary source of electricity.
As the energy transition phases out fossil fuels, for businesses anything powered by oil, gasoline (cars, motorcycles, power plants, mines) is a low-hanging fruit to keep an eye on!
https://www.iea.org/reports/electricity-information-overview/electricity-production
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Elias OUEDRAOGO
Business Developer
Future Energy Company
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