Thursday, 11 October 2018

McKinsey warns U.S. gas utilities near “end of their golden age”

Solar and wind farm near Palm Springs, California Solar and wind farm near Palm Springs, California

Growth prospects for gas-distribution utilities are at risk in several American states, as decarbonization policies on state level and rising cost-competitiveness of renewables undermine the role of gas. According to McKinsey analysis, this could pose a challenge to gas distributors in some states as early as 2026, and in most of them by 2030.

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