Ideas that lead to innovation
Legacy energy companies are enacting sweeping business changes to keep up with evolving energy demands. Several major factors are affecting those changing demands. First, growing public attention toward climate change is pressuring companies to adopt cleaner, more efficient practices. Second, the plummeting cost of alternative energy sources and increasing government regulation of carbon emissions are pushing companies to embrace new energy solutions. Third, competition in the industry has increased greatly, with an influx of startups developing alternative and innovative solutions. It’s an entirely different landscape from even a decade ago.