Renewables Evolution 2025:
Where to next?
By Bryan Kaus
I've been getting the same question from investors, operators, policymakers, and acquaintances lately: Where do renewables go from here?
The headlines tell conflicting stories. Major oil companies pulling back from wind and solar. Record clean energy investment. Massive project cancellations. Surging electricity demand from AI. Policy uncertainty. Margin compression in renewable fuels.
What's actually happening?
Over the next week, I'm sharing a five-part analysis of where we stand in 2025 - covering capital markets, policy dynamics, fuel economics, and strategic implications. This isn't cheerleading or doom-saying. It's an objective look at a sector in transition.
My framework: Energy evolution continues, but the rules have changed.
The speculative phase is ending. Capital discipline is beginning. The companies and investors who recognize this shift and adapt accordingly will set the pace for the next decade.
I’ll be publishing a five-part series to look at each of these a little deeper:
The opportunity remains enormous. But the easy phase is over. More to come.