Big Oil has been demonized as dirty fossil fuel and has been falling over itself to cut production and reinvest in renewables. However, despite the hype, oil prices have remained steady, and anticarbon predictions of peak oil demand in 2020 have not come to fruition.
Rogue Economics – America’s Great Energy Crisis
This article explains why the current oil price is $100 more than how much it was in 1973. We also notice why renewable energy sources still cost less than fossil fuels. If you are an investor considering a long-term strategy, read on.
Renewable energy is cheaper than fossil fuels.
Renewable energy must be cheaper than fossil fuels. Yet, despite the rising cost of renewables, power from new renewables is still far more affordable than fossil fuels. For example, fossil fuels account for about 40 percent of total coal plant expenses, while wind and solar are free. Furthermore, the cost of building new renewables continues to fall as the industry develops. The initial and hard costs of renewable energy systems will likely continue to decline as long as the demand for electricity increases.
Americans should fill up their gas tanks while they still have an opportunity.
The rising cost of gas has forced American consumers to play inflationary whack-a-mole and make more challenging decisions about their spending. As a result, some drivers fill up their tanks halfway, or even only halfway, out of desperation or financial constraints. In a recent Washington Post-Schar School poll, nearly 44 percent of drivers only fill their tanks halfway, and experts expect this trend to continue.
Alternative energy options
While The New Energy Crisis is Affecting America, it is also causing widespread hardship across the globe, with natural gas and electricity prices soaring to record highs. Europe is at the epicenter of this crisis, with natural gas prices surging by 400 percent last year, driving up household bills and causing the failure of multiple energy companies. Meanwhile, the United States, China, and Brazil are facing higher than average prices for fuel, including oil, which the precious commodity is now at its highest level in seven (7) years.
As oil prices plummeted after the global pandemic, renewable energy options are becoming more attractive to investors and utilities. Solar and wind farms can generate electricity at a fraction of the cost of fossil fuels, making them appealing to utility companies and investors. And with oil prices halving, solar and wind farms are even more affordable. Furthermore, as the cost of solar panels declines, consumers are putting off solar panel installation until the price decreases a little more.
The New Energy Revolution Can Be Opportunity for Investors
In today’s world, the energy industry is expanding. The private and public use of various renewable energy options has many potential benefits for investors, especially those who want to profit from the sector’s growth. However, there are risks involved. While this transition may be lengthy, investors should have a long-term outlook to ensure profitable investment. We will discuss further the risks and opportunities in the sector and company stocks to consider in your investment portfolio.
Investment opportunities in the growing renewable energy sector
The growing renewable energy sector is a promising field to invest in, but what makes it attractive to investors? Several factors not just in the US, but around the world have contributed to the growth of this industry, including market forces, government policy, and the belief that civilization is transitioning to a more green and sustainable future. The primary drivers of this growth have been the emergence of climate-conscious consumers and corporate buyers and the influx of state-led renewable energy standards in many countries.
The recovery from Covid-19 brought some investment to the renewable energy sector, with VCs slowly re-entering the industry. Venture capital will likely contribute significantly to this total by the end of 2021. Before last year, the funding of the renewable energy sector came from mission-oriented funds, which typically invest in technologies with federal funding and are currently in the demonstration stage. However, the energy sector growth sparked increased interest in private equity and venture capital.
Investing in EV Charging Technology – Which Companies Are Worth Your Investing Dollars?
You may be considering investing in EV charging technology, but you may be wondering which companies are worth investing your hard-earned dollars?
Read on to discover why they’re worth your time and consider investing in them. You might also find this information helpful if you’re looking for a way to impact your investment portfolio.
ChargePoint is an American electric vehicle infrastructure company based in Campbell, California. They operate the largest network of independently owned EV charging stations online and are now in 14 countries. The company also makes the technology that powers those charging stations. EVs often find it challenging to find a charging station. However, if you’ve been playing attention during your daily routine to find a place to “plug in” for EVs, you’ve probably seen a ChargePoint EV charging station.
Their EV charging technology includes EXPP Power Modules, EXPP Power Blocks, and EXPP Power Links. These power sources are modular and easy to install in a parking garage, car dealership, or other public location. They are also designed with minimal moving parts and are compatible with all types of EVs. As a result, the installation is simple, stress-free to maintain, and they are also highly durable. They are also equipped with Liquid Cooling technology, which helps increase their reliability.
Beam EV charging technology
Beam EV charging technology is an excellent example of how cleantech innovation can be a boon for an EV’s battery life. The company produces the “EV Arc,” a freestanding EV charging station powered by solar and battery energy. The company estimates that it can charge an EV in one hour. Its charging stations cost $65,000 each, and installation can complete, start to finish, in less than an hour.
Unlike conventional EV charging stations, Beam’s systems require no utility connection and are easy to install. As a result, the cost of building a charging network is reduced, and saves state and local budgets. Because they do not require utilities, they also deliver significant long-term savings to state and city budgets. California Governor Gavin Newsom recently signed a climate bill that included $4 billion for EV charging infrastructure.
Developing EV charging infrastructure is an essential part of the business model for mainstream car manufacturers. With billions of dollars on new models and technologies, people should take a lesson from Tesla and invest in this vital technology. Tesla, for example, is leading the way by building a global charging network. In addition, the company is investing in recharging stations to provide consumers with a convenient, high-speed way to charge their cars.
Increasing the charging infrastructure is one way of increasing the value of an EV. With the help of federal funding, the companies will build charging stations for all types of EVs and not just for their models. Proprietary networks are no longer a viable business model. One industry insider told me that there is a lively debate within the EV companies about how to implement such a network.
One investment strategy that can help investors participate in this transformation is diversification. Diversification can help protect against downside risks while allowing investors to reap the benefits of long-term investments. Timelines are necessary as well. Investors should be pragmatic when determining their timelines. The long awaited transition from fossil fuels to renewable energy sources may require more than a trillion dollars annually, a sum that will impact virtually every economic sector. It will be an unprecidented change worldwide.