4 Utilities Betting Billions on Renewable Energy
Over the next decade, utilities will be facing more disruption than they've ever seen in their history. Customers with solar on their roofs and storage in their garage will be able to forgo electricity from the grid and potentially cut the cord altogether. Meanwhile, wholesale power markets are falling apart as natural gas kills coal and wind and solar plants eat up formerly high-margin peak electricity demand.
To adapt, utilities are spending billions to build or buy their own renewable energy power plants with contracts to sell electricity to other utilities for decades. These four companies are the utilities making the shift faster than competitors.
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Source: Fool.com
