<
https://www.bloomberg.com/opinion/articles/2024-06-13/solar-power-s-giants-are-providing-more-energy-than-big-oil>
"You’ve heard of Exxon Mobil Corp., Chevron Corp., Shell Plc, BP Plc,
TotalEnergies Se, ConocoPhillips and Eni SpA?
How about Tongwei Co., GCL Technology Holdings Ltd., Xinte Energy Co., Longi
Green Energy Technology Co., Trina Solar Co., JA Solar Technology Co., and
Jinko Solar Co.?
If the former names are familiar giants and the latter obscure, you might want
to rethink how you look at the companies that provide the world with energy. On
a reasonable accounting of things, the latter are just as significant — if not
more so — than the powerhouses of petroleum.
That’s a remarkable shift. Around the middle of the 20th century, the
predecessors of the major international oil companies attained such power that
they were nicknamed the Seven Sisters, a group of energy producers with such
global scope and influence that they could make or break governments. It took a
wave of nationalizations and the 1973 oil crisis to end that model. A further
disruption is now waiting in the wings, thanks to the unstoppable rise of
China’s solar power sector.
The best way to think about this is to consider what oil companies ultimately
provide the world. It’s not really crude or natural gas, but the vital
ingredient locked up in the chemical bonds of those hydrocarbons: energy. The
manufacturers of solar equipment, similarly, aren’t in the final analysis
providing us with panels of silicon and glass, but machines that can harvest
power from the sun. The activities of each group of companies provide a fresh
flow of useful energy to the world every year. And by many measures, the solar
companies have already overtaken Big Oil."
Via
Fix the News:
https://fixthenews.com/dawn-solar-age-same-sex-thailand-nature-europe/
Cheers,
*** Xanni ***
--
mailto:xanni@xanadu.net Andrew Pam
http://xanadu.com.au/ Chief Scientist, Xanadu
https://glasswings.com.au/ Partner, Glass Wings
https://sericyb.com.au/ Manager, Serious Cybernetics
