Electricity is the future

The leading financial expert in the field of new energy and the founder of Alexa Capital LLP Gerard Ride is sure that the future “is surely electricity”. Of course, Ryde does not exclude gas, but, in his opinion, natural gas will be able to keep its place in the global energy balance for only a few decades.
Nothing can stop the energy transfer to RES and the main positions in providing humanity with energy should be taken by solar energy, so the analyst believes.

Ryde gives an example of a well-illustrated change in energy trends: “the renewable energy revolution is associated with excellent changes in the economy and technology, exactly the same as the oil revolution in the early twentieth century,” he says.

Indeed, it is not sensible to deny that the transition to renewable energy is inevitable. Today, even the leaders of the global oil and gas industry see the energy transition as an opportunity to expand business and develop new areas.
Thus, Shell expects to become the largest producer of electricity by 2030. BP is already one of the leading players in wind power in the US, producing 1.8 GW per year at wind farms in the States. And by the way, the company also started a joint project with Tesla in the field of energy storage at the Titan 1 in South Dakota.

Of course, the rate of changes in energy systems nowadays depends on the decisions of politicians and regulators, creating incentives for the development of “green” energy and Ride himself admits it. But even the lack of support from the state authorities will not change the fact that the transition to renewable energy has started.