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The Energy Transition in Three Xs

As new clean technologies grow up S-curves, the incumbent technologies get pushed out in inverse S-curves.This creates an X pattern that is standard in technology history; we saw this for example in the shift from…

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The Great Capital Reallocation

Contrary to popular belief, the buildout of renewable energy supply does not require a surge in capital expenditure (capex). As cleantech capex rises, fossil fuel capex falls. And the net growth in capex is only…

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Why Electricity Is the New King of Energy

Until the Industrial Revolution, biomass ruled the energy kingdom. Then came coal, reigning over the top spot until the mid-20th century. Petroleum succeeded coal, but not for long. At the turn of the 21st century,…