The development of renewable energy over the past ten years has continuously and substantially surpassed almost all expectations. But this growth story is really just beginning. Renewable energy, headed by wind and solar, is poised to become the mainstay of the global power supply as nations strive to meet aggressive decarbonization targets. New types of businesses are joining the market, along with capacity expansions from significant energy providers. Major oil and gas companies, private equity players, and institutional investors who prioritize renewable energy as a key component of their investment strategies are just a few of today's fast followers. These companies want to change their business models so they can benefit from the increased demand for renewables and the electrification of vehicles.