Quote:
Originally Posted by MonctonRad
I think Irving Oil is reading the tea leaves and preparing for the future. They are now called Irving Energy, and are planning on building one of the largest wind farms in the province in western NB.
Also, these have started popping up in their gas stations:
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I've said this for years. It's only been a few years when I was mocked for saying that 30% of sales would be electric by 2030. At the time it was something like 5% of sales. Battery development is accelerating. So is infrastructure deployment. And at the end of the day gas stations don't make money from gas, they make money from selling chips and candy, something somebody charging for 15 mins is more likely to buy. Irving owns oil refineries so their calculus may be different. But otherwise, every utility in the country is salivating at the business opportunity that EVs represent. Literally decades of stagnating or declining demand growth for electricity. And now EVs and data centres are reversing those trends.
Renewables too. Same story. Nobody but geeks like me are really tracking how much renewable manufacturing capacity there is. More solar capacity is now installed every year in the world than there is total nuclear generating capacity in the world. And that is every year. Total wind capacity is also greater than nuclear. And PV and turbine manufacturing is still growing. The reason we don't have cheaper electricity in Canada, is because are still in the last decade when renewables were expensive and a small fraction of the global grid. Now there's real concerns that self-generation with renewables could bankrupt utilities in some places (which is why they need EVs to survive).
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