“The fallout from COVID-19 will shake the economic fabric of the force sector,” said Yuan-Sheng Yu, senior analyst at Lux Research. “We have seen many historical developments, such as negative oil futures, US renewables in strength outpacing coal, and the largest annual drop in global emissions. of CO2. Yu explains that while the sudden effects would possibly be a flash in the pan as the world returns to normal, 2020 has provided a glimpse into the most permanent demanding situations the industry will face over the next decade. This ‘white swan’ occasion will force companies to be informed on how to become more resilient, while countries planning their post-COVID recovery will seize the opportunity and drive the transition of force through advanced resilience and increased agility. and efficiency. ‘isolate from the macroeconomic effects of the volatile traditional force sector. “The pandemic has highlighted the threats of disruption to our existing force infrastructure and source chain,” said Tim Grejtak, analyst at Lux Research. “In response, we will see a competitive diversification of business portfolios to avoid the threat of underutilized and ultimately stranded assets in order to capitalize on the opportunities presented through the construction of renewable energy.” Grejtak cites the long-term investments in the strength garage and progress in the allocation of the first part of 2020 through corporations such as Highview Power, Form Energy and AES Distributed Energy as the beginning of the greatest urgency of the corporations preparing for the full transition of life.
Research analyst Lux Runeel Daliah adds: “While COVID-19 has momentarily expelled the replacement of the climate of political discourse, corporations and countries that are misaligning climate replacement mitigation efforts for a short-term monetary recovery would make a mistake: decarbonization is an inevitable megatrend that will continue to appear after COVID-19.Daliah emits that countries that are advancing with hydrogen-focused decarbonization strategies, such as Portugal, South Korea, Australia and Germany, which recently unveiled a $10.2 billion national hydrogen strategy.