Energy: Introduction
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 
Climate change, the idea that human behavior has long-term effects on the environment or weather, has become a global concern over the past few decades. Temperatures across the world have steadily increased over the past 100 years.
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.
Sources
- SelectUSA (Date Accessed: 6/1/2017)