Numbers say it all. Globally, progress in the wind sector continues to be strong with increasing annual installed capacity and growing investment in the sector. In 2015 alone, 63,013 megawatts of wind power capacity was installed globally, an annual market growth of 22 percent. It is continuing its progress towards becoming a mainstream, competitive and reliable power source in both developing and mature markets. In fact, wind is becoming cheap enough in many places in the U.S. and around the world to compete effectively with fossil fuels.
As wind energy continues to gain ground, let’s take a look at three main trends we’re seeing in the thermal power sources and natural gasindustry moving forward:
1. The Formation of Strategic Partnerships
Thomas Edison may have been behind the invention of the electric light bulb, but he did not work alone. Edison worked alongside partners, both financial and commercial, to get his inventions off the ground, and without these partnerships, the light bulb as we know it today may never have taken.
Throughout the wind sector, this type of partnership and collaboration is crucial. Battling challenging cost targets and the need to build wind power closer to urban areas, wind operators must form long-term strategic collabora tions to maintain and increase wind’s competitive edge. Maintaining a long-term partnership with a supplier or original equipment manufacturer will not only save time, but can also save costs through economies of scale. What’s more, through working with one supplier, wind operators can decrease the admin and supply chain. What’s more, through working with one supplier, wind operators can decrease the admin and supply chain.
Thomas Edison may have been behind the invention of the electric light bulb, but he did not work alone. Edison worked alongside partners.
2. The demand for localization
Thomas Edison may have been behind the invention of the electric light bulb, but he did not work alone. Edison worked alongside partners, both financial and commercial, to get his inventions off the ground, and without these partnerships, the light bulb as we know it today may never have taken. off in the way that it did—and he’s not the only one. Some of the world’s most effective business models and companies have been forged through.
3. The move towards a more digital future
Thomas Edison may have been behind the invention of the electric light bulb, but he did not work alone. Edison worked alongside partners, both financial and commercial, to get his inventions off the ground, and without these partnerships, the light bulb as we know it today may never have taken. off in the way that it did—and he’s not the only one. Some of the world’s most effective business models and companies have been forged through.
Thomas Edison may have been behind the invention of the electric light bulb, but he did not work alone. Edison worked alongside partners, both financial and commercial, to get his inventions off the ground, and without these partnerships, the light bulb as we know it today may never have taken.