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Sorry, King Coal: Solar Is Taking Over the Throne

by | published June 2nd, 2018

It’s time for King Coal to step aside and hand the reigns over to solar.

In fact, solar might not even have to wait for coal to willingly (or grudgingly) give up the throne – it’s taking over just fine on its own.

Just a few miles west of the Mississippi River sits the largest coal plant in the western United States.

And in 2019, it – and the corresponding coal mine run by Peabody Energy (BTU) – will be shutting its doors 25 years ahead of schedule.

The move comes as the sun-rich area continues to transition to solar to meet its energy needs.

“Once you put up a solar plant, it just sits there and produces money and energy. It doesn’t use water, and it doesn’t degrade the landscape.” says Amanda Ormond, managing director of the Western Grid Group, an organization that promotes clean energy.

Despite President Trump’s championing of continuing electricity generation via coal, renewable energy is continuing its takeover – the solar industry employs more people in the U.S. than oil, coal, and gas combined.

Now, this transition isn’t only happening in the Arizona desert.

Far from it, in fact.

Countries all over the world like the Saudi Arabia, China, and the U.K. are all racing to expand their solar energy capacity.

Even companies like AT&T Inc. (T) and Walmart Inc. (WMT) are capitalizing on the extraordinary growth the industry is showing, having agreed to buy 3.3 gigawatts (GW) of renewable power so far this year.

Overall, solar investments have outpaced all other energy resources, and the upward trend is continuing faster than anyone previously thought possible.

In fact, based on my estimations, $48 trillion could potentially pour into the solar energy market in the coming years.

And I’ve uncovered one company that stands to benefit the most from that massive tidal wave of wealth.

Investors who get in early will be poised to make huge potential profits when it gets a strong handhold in the U.S. energy market.

Just click here to find out how you can join in on this incredible opportunity.

Sincerely,


Kent

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  1. Bruce Fouraker
    June 2nd, 2018 at 18:51 | #1

    Dr. Moors,

    Here in Jacksonville, in fact most of the sunshine state; solar has a 25% – 33% capacity. This means a lot of storage is required. Without subsidies the added cost of solar and storage does not make sense to most of us homeowners.

    Is solar really eliminate or by 2030 or will it serve only 10% -15% of energy needs with Natural Gas Combined Cycle, Gen IV Nuclear and Geothermal [using Super-critical CO2 (SCO2)] be providing about 70% of the base power load?

    Just curious what you think the 2030 energy mix will be for the power grid?

    Bruce A Fouraker

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