That’s the spirit ;)
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if you read Berkshire Hathaways energy presentation they list berkshire hathaway as there competitive advantage in that BH provides most funding for deals , so i take that as BH would have a very keen interest in what is happening at BHE.
https://www.berkshirehathawayenergyc...esentation.pdf
notice ift still lagging the performance of some other utilities at the moment which have re rated up strongly last mth , catchup coming?
“The future grid will be underpinned by cheap wind and solar, with batteries and pumped hydro helping to smooth out the variability, and with gas acting as a fail-safe,” the Australian head of BNEF, Kobad Bhanvagri said
https://www.theage.com.au/business/the-economy/renewables-to-account-for-90-per-cent-of-all-australian-power-by-2050-says-new-report-20180619-p4zmcm.html
Shame nz wont have the gas as a back - up , we will have coal lol
bull if you believe him may I direct you towards a company I like and can highly recommend. Genex Power (GNX.ASX). They are on track to deliver Australia's 4th Pumped Hydro Project together with Solar and Wind. Here a link to their latest presentation https://youtu.be/M19J1lf-SYc
The substitute for gas will be fuel cells which means electricity can be stored. The cost of wind and solar is below the price charged to domestic customers now and still dropping .The gains are made when customers go off grid and no longer have line charges . That is happening to a very limited extent but will pick up.