With goals to fully decarbonize the power sector by 2035 and achieve net-zero carbon emissions by 2050, renewable and clean energy demand has increased concurrently with declining costs and rising capacity. In 2020, alone, the US added 23 gigawatts of wind turbine capacity, and the domestic solar industry grew by 43%– worldwide usage of renewable energy grew by 7%. While the focus has been largely on solar and wind power, new federal actions are expected to help facilitate expansion of new technologies, including green hydrogen technology and advanced batteries.
Oil and gas operators have begun outlining their plans to transition to renewables, while also signaling their intent to increase their participation in the electric power value chain, creating convergence in the energy industry.
CAP Resources can help you develop, establish, and optimize renewable energy programs that suit you. Providing services that range from business development, strategy, financial modeling, and risk management, our deep industry knowledge and experience deliver unique solutions to your unique challenges in this burgeoning market.