Transition from Fossil Fuels to an Energy Mix
If you ask a person in Renewable Energy generation what the Energy Transformation is they will say it is the conversion from a fossil fuel based energy economy to one generated from renewables; wind, solar, geothermal, etc. Someone in the fossil fuel industry will probably ignore that there is a transition occurring and that it is impractical to consider whole scale switch to a renewable source.
The debate over the interpretation of Energy Transformation and climate change will continue. The fact remains that the major generation of power (energy) on the planet is by fossil-based fuels (oil, natural gas and coal being the primary). The debates are irrelevant. What is occurring today is a transition from total fossil-based generation to a mix of generation. Energy transformation projects are being driven by the consumer and end-user of energy. The changes occurring are bringing new transportation modalities and infrastructure requirements. Statistics still show dominance of fossil-based energy sources, but there are signs of a change to more of a mix of energy generation choices taking place. Many nations are looking at non-fossil-based energy sources for a geopolitical and/or financial reason.
Generation price-points for renewables are coming down, while performance and reliability of EV’s (electric vehicles) is becoming more viable. Any increase of one of the renewables has impact on market share for a fossil-fuel, whether it be by legislation or consumer preference. The major trend is ultimately driven by the consumer and end-user choices. Major companies are making choices for long term energy generation suppliers by selecting power contractors based on renewables. Large vehicle fleet transitions from gasoline to electric are being seen. All of this has an impact in the Energy Eco System.