Segments

Fossil Fuels

This segment is composed of establishments that operate fossil fuel powered electric power generation facilities.

Nuclear Power

Companies in this segment operate generation plants to provide electricity to transmission and distribution systems.

Renewable Energy

There are various types of renewable energy in this particular segment. These include wind, solar, geothermal, hydroelectricity, and biomass.

The Energy industry is Concentrated. The production in this industry is dominated by a many large firms that are capable of shaping the industry’s direction and price levels.


Primary Demand Drivers

  • Commercial, government, and residential needs for electrical power (which mainly depend on economic activity and population growth)

Profitability Drivers

  • Government regulations
  • Fuel costs

From the Blog Blog RSS

The global surge for renewable energy is increasing yearly, with record numbers set in 2020 and 2021, with expectations of this trend to continue with 2022 reports. Many countries have been increasing their use of solar, wind, and other energy sources to reduce their carbon footprint and help have energy independence. Some countries have begun to increase their industry and supply of solar panels. At the same time, some expect to increase their use within their borders. Whether in Europe, Asia, or North America, renewable energy will be in high demand in the upcoming years.

During an economic crisis, Egypt is cutting back on its domestic energy consumption to provide more natural gas to Europe. This past summer, the Egyptian government began to reduce household electricity consumption by cutting the lighting in some streets, squares, shops, and government buildings. In order to do this, the amount of natural gas needed to generate electricity must be reduced by 15%, and the surplus will be shipped to European buyers who pay top dollar for liquified natural gas.

Sources

  1. SelectUSA (Date Accessed: 6/1/2017)