ASSESSMENTS
In the Energy Sector, a New Kind of Hybrid Emerges
Feb 16, 2018 | 09:00 GMT
(CHRISTOPHER FURLONG/Getty Images)
Highlights
- Fossil fuel companies will continue to invest in green technologies, either through external acquisitions or through in-house initiatives, as renewable solutions such as solar power, wind power and energy storage become cheaper and more prevalent.
- Companies in Europe are leading the push, but firms in Asia and the Americas will catch up.
- As the costs of green technologies keep falling and more companies realize the benefits of diversifying their energy sources, a new class of hybrid energy firms will emerge, helping to ease hostilities between the fossil fuel and renewable energy sectors.
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