Technological improvements in hydraulic fracking are making ‘America Great Again’ when it comes to its energy sector. Unconventional oil and gas reserves, which previously were deemed as ‘uneconomic to produce’, are being exploited on a massive scale.
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Also, innovations in renewable energy technologies are advancing at a rapid pace. Although wind and solar power have been around for some time, it wasn’t until prices dropped significantly during the past decade that installations skyrocketed across the world.
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The transformation of the U.S.’ power sector is coming much sooner than incumbent producers were expecting. Currently, the combination of solar, wind, storage, and demand response are already more efficient, and therefore cheaper, than the use of fossil fuels.
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