SAAE Academy lecture 2018
The world of energy is changing, and it is changing profoundly and rapidly. Accelerated innovation in power technologies, services and markets are shifting and upending relative prices, resource shares, and the location and pattern of energy production and use. In the midst of an energy revolution, it is often difficult to comprehend the nature and extent of these changes. Indeed, some still contest their validity and value. But the economics are inexorable. New low-cost, clean, flexible technologies and services are breaking through.