Wind and solar approach critical deployment level

As technologies approach milestone, they could scale even faster

Wind and solar are approaching a 10pc share of global electricity production and will likely reach the milestone at some point this year. The technologies reached a 9.4pc share last year, up from 4.65pc in 2015, according to data from UK based thinktank Ember. The 10pc milestone matters because, in the history of new technology adoption, the 5-10pc market share level is a reliable takeoff point for further market integration. 10pc – Share of US households with a car in 1915 It is traditionally difficult for any new product to dislodge incumbents and gain 1-3pc share in any market. But attaining market share levels above 5pc often indicate further gains, because it indicates t

Welcome to the PE Media Network

In 2021 Petroleum Economist is joined by Hydrogen Economist and Transition Economist to form the only genuinely comprehensive intelligence service covering the global energy industry