Ultimately, the renewable energy transition is an opportunity to remake the electricity sector so that it prioritizes green energy, affordability, and equity– and an empowered, democratic public system could deliver that future.
The list of long-established companies that have been disrupted by fast-moving, tech-enabled powerhouses gets longer by the day. Facing pressure from younger, more innovative challengers, many incumbent companies in the energy sector are also reinventing themselves through a
As of May 21, 2025, the energy sector has witnessed notable developments, particularly in the realms of investment and innovation. Companies are increasingly looking toward renewable energy sources such as solar and wind, aligning with global carbon neutrality goals.
Tax and economic policy incentives will fuel the energy transition and will be attractive to power and utility companies as they look to horizontally and vertically integrate and expand.
Davies: Traditional energy companies have a critical role in the energy transition. They have the technical and operational capacity, as well as the capital, needed to drive the energy transition.
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These sources can range from residential solar panels and wind turbines to small-scale combined heat and power (CHP) plants. This shift towards decentralization is driven by technological advancements, increasing environmental awareness, and a desire for greater energy independence and resilience.
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The list of long-established companies that have been disrupted by fast-moving, tech-enabled powerhouses gets longer by the day. Facing pressure from younger, more innovative challengers, many incumbent companies in the energy sector are also reinventing themselves through a dual effort to digitize their legacy businesses and create new
Tax and economic policy incentives will fuel the energy transition and will be attractive to power and utility companies as they look to horizontally and vertically integrate and expand.
In this series, Economist Impact asks and tries to answer some of the most fundamental questions on sustainability as they relate to business, society and governance.
We argue that it cannot. We propose that democratic, public ownership of the electricity grid can best deliver on energy affordability and a green transition. However renewable energy emerged during the turn toward privatization, meaning that deployment has largely been managed via private companies.