Our global energy system is undergoing significant change. Technologies that were once considered uneconomic have seen a dramatic drop in price, which is reshaping how energy will be produced globally.

1. 2001

3. Photo by Andreas Gücklthorn on Unsplash

4. Photo by Zbynek Burival on UnsplashPhoto by Zbynek Burival on Unsplash

5. Levelized Cost
of Energy (LCOE)
=
Total Lifetime Cost
Total Lifetime Output

6. U.S. Levelized Cost of Energy:
Utility-Scale Generation Comparison
Source: Lazard’s Levelized Cost of Energy Analysis, November 2018
$102
$58
$43
$42
$111
$135
$83
$359

7. Source: Bloomberg New Energy Finance
Global Mix of Electricity Generation

10. 1st Million 2nd Million 3rd Million 4th Million
20
18
16
14
12
10
8
6
4
2
0
Years
20 years
18 months
8 months 5 months
Pace of Electric Vehicle Sales

11. Photo by Trinity Moss on Unsplash
4.5 billion passengers in 2018
9,700 planes and 1.2 million
people in the air at any time
94 billion gallons of jet fuel
860 million tonnes of CO2
Which is equivalent to
182,590, 234 cars driven for
one year

15. Photo by Adam Smigielski on Unsplash

16. The stone age did not end for a lack of stone,
and the oil age will end long before
the world runs out of oil
Ahmed Zaki Yamani
Former Saudi Minister of Oil