While renewables energy have been a bug disappointment for investors over the last few years, long-term forecasts for offshore wind capacity remain quite attractive.
Growth still remains strong at 22% CAGR until 2030, 11% CAGR between 2030 and 2040 and 5% CAGR between 2040 and 2050. In the next 12 months, more than 80GW of auctions will be started or concluded globally. Source: Bernstein, TME
ENERGY STOCKS SINCE 1926 (relative to S&P)
Source: BofA, The Daily Shot
Global Energy Shock Graph (only till 2020 unfortunately) Life without fossil fuels is not for tomorrow
Source: Willem Middelkoop
It has been our thesis for a while that a big uranium SHORTAGE is coming in this decade
Uranium miners are likely to benefit from this trend and have been enjoying a strong run up over the last few months. Yet uranium miners ($URA $etf) have been diverging from Uranium spot price recently. One fundamental explanation for this is that the Uranium "large caps" which are over-represented in the URA ETF have long-term contracts which means there are not benefiting to a full extent from recent Uranium spot price. Source chart: Game of trades
The bull market none is talking about. Uranium prices are surging as nuclear is seen as one of the only "clean" energy source to move away from fossil fuels
Source chart: (((The Daily Shot)))
The EV Impact on Oil Consumption by E`LEMENTS / Visual Capitalist As the world moves towards the electrification of the transportation sector, demand for oil will be replaced by demand for electricity
To highlight the EV impact on oil consumption, the above infographic shows how much oil has been and will be saved every day between 2015 and 2025 by various types of electric vehicles, according to BloombergNEF. Link to full article: https://lnkd.in/eYm5iJ8d
It looks like Germany is in for high electricity prices for quite some time...
Source: HolgerZ, Bloomberg
What powered the world in 2022?
Coal still leads the charge when it comes to electricity, representing 35% of global power generation, followed by natural gas at 23% and hydroelectric at 15%. Source: Elements, Visual Capitalist
