The Slow Growth Of New Plants Learning About Demand. An Introduction CES Working Paper. New plants are just as technically efficient as if not more than older plants.
It is well known that new businesses are typically much smaller than their established industry competitors and that this size gap closes slowly. But in the last few years this has changed entirely. Scenarios mineral demand for use in EVs and battery storage is a major force growing at least thirty times to 2040.
Just 10 years ago it wasnt even close.
152- Growth curve It is an S shaped curve obtained when we plot growth against time Fig. Wind was 22 and solar 223 more expensive than coal. New plants start with a considerable demand deficit and only slowly erase it over timeif they survive at all. 83329 pages 91-129 01.