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Interesting that you mention ExxonMobil. ExxonMobil does, in fact, cite "technological advances in energy storage that make wind and solar more competitive for
by faustomorales 7y ago
Interesting that you mention ExxonMobil. ExxonMobil does, in fact, cite "technological advances
in energy storage that make wind and solar more competitive for power generation or increased consumer demand for alternative fueled or electric vehicles" [1] as a risk factor on their annual form 10-K.
In a bit of a twist, worth noting that Exxon Research & Engineering was involved in the invention of the rechargeable lithium ion battery [2]. Quoting from [3], "Thus Stanley Whittingham invented the first rechargeable LIB, patented in 1977 and assigned to Exxon."
[1] https://ir.exxonmobil.com/static-files/37b7e1b7-620b-4248-a329-f2e152b4d7c3 https://ir.exxonmobil.com/static-files/37b7e1b7-620b-4248-a3...
[2] https://patents.justia.com/patent/4009052 https://patents.justia.com/patent/4009052
[3] https://www.currentscience.ac.in/Volumes/117/09/1416.pdf https://www.currentscience.ac.in/Volumes/117/09/1416.pdf
Disclosure: I worked for ExxonMobil from 2012-2017 but don't have any remaining ties.