Chicago Mercantile Association: Certain market data is the property of Chicago Mercantile Exchange Inc. and its licensors. So, again, because panel or buying turbines from one year to the next can shift pretty significantly, the company realized that a really smart thing to do would be to become a services leader.

So, they really, kind of, focused on that.

In this episode of Industry Focus: Energy, host Nick Sciple chats with Motley Fool contributor Jason Hall about the renewable energy industry. The best quality coal on the planet, with 90 percent or more of carbon content, was formed during the Carboniferous Period 360-250 mya. You also have the option to opt-out of these cookies. That's what you're doing with coal. So, it's not really -- don't think renewables are competing directly against coal. But the short version is Vestas is a European company. It is a non-renewable energy source and produces a significant amount of greenhouse gas emissions when burnt. So, it's at a point now where, if I'm an electricity producer with a large [...] plant, that I'm not always -- you know, in the middle of the night, right? And if you look at the variety of energy generation that's losing share today, that's coal. US power plants are expected to consume less coal next year. These really high fixed-cost industries go through these really big cycles. But this underpins what has continued to be the biggest challenge for renewables, and that's the ability to meet 24/7 demand, right? If you look at estimates from the U.S. Energy Information Administration, energy use worldwide is expected to grow by about 50% by 2050. And natural gases have really started to chew into coal, at a point where I think we've seen coal plants starting to get retired 10, 20 years ahead of schedule, just because we have so much natural gas and it's so cheap. And I would pick any one of them over the best pick in the coal industry any day, just because of the tailwinds, and you don't have to waste time figuring out which one is going to suck less [laughs] over the next five years, right? Here's where you go, and I say, both. Then No. So, there's really, really a lot to like about this business. They're either selling to a utility or that's the utility that owns that asset. And it's going to be in places, like, India and Africa and China that still have substantial coal reserves. Take this to the classroom! And they're just really dominant.

If rock cycle is a continuous process, shouldn’t coal production by natural processes continue forever? Now, it's a company we've talked about a little bit, Jason, privately.

As mentioned earlier, coal was formed millions of years ago (even before dinosaurs existed), as a result of sedimentation of plant matter.

To cut it short, coal is not a renewable resource as some people believe.
I think we're at an inflection point, I think, from an economic point of- view. For Jason Hall, I'm Nick Sciple, thanks for listening and Fool on! And that's really rewarded investors, because the company's stock price has just continued to rise and rise from there.

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