CleanTechnica•6 days ago
The Fire Horse Energy Transition & Creative Destruction
Key Takeaway
The energy transition will be a period of intense creative destruction, fundamentally repricing assets and reorganizing the entire power industry, demanding adaptability from developers and large consumers.
AI Summary
- •The energy transition is characterized by 'creative destruction,' implying rapid and potentially disruptive shifts in market dynamics and asset values.
- •Existing energy infrastructure and assets are likely to be 'dismantled' or significantly devalued as new technologies emerge.
- •Expect a fundamental 'reorganization' of the power industry, affecting market structures, regulatory frameworks, and operational paradigms for all participants.
Topics
financingpolicy
Article Content
Joseph Schumpeter wrote that creative destruction is the essential fact about capitalism. He was not describing a gentle process. He was describing waves of innovation that dismantle capital stock, reprice assets, and reorganize entire industries. In the Chinese zodiac, the Year of the Fire Horse we have just entered symbolizes ... [continued] The post The Fire Horse Energy Transition & Creative Destruction appeared first on CleanTechnica .