Soon Europe Might Not Need Power Plants – A New Energy Revolution Is Coming
by Arjun Walia
It’s time to join the energy revolution. Everyday, more people across the globe are starting to realize that our current ways of generating power are out-dated.
The worlds largest private bank, UBS, is urging investors to join the clean, renewable energy movement. Analysts at the bank say that power plants in Europe might be extinct within the next 10 to 20 years.
“Most of the plants retiring in the future will not be replaced, large scale power plants could be on the path to extinction.”(source)
In a briefing paper sent out to clients last week, they state that centralized power stations are too big and inflexible, that they are completely irrelevant for future power generation. The report also outlined how it will be cheaper and more efficient for businesses and homes to generate their own electricity to power homes and cars, as well as store any excess energy without any subsidies.
Source: http://philosophers-stone.co.uk/wordpress/2014/09/soon-europe-might-not-need-power-plants-a-new-energy-revolution-is-coming/
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