Making predictions is a risky activity. Making predictions in the utility industry can be perilous. History is filled with missed or prematurely exuberant pronouncements of the future of utilities and energy. For example, in the late 20th century, many predicted that the world’s oil supply had reached peak production and would become scarce. Instead, shale gas and oil are in abundance. In the 1990s, people predicted that fuel cells and hydrogen would dominate the landscape by 2010, another illustration that predictions can fail to reach their promise.
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