While structural transformation in the auto sector into EV is much talked about and given credit by the street, the fact is that the energy sector as a whole has been quietly going under a transformation. In terms of real impact on the economy it would be much bigger. Many would have not realized that large companies which are in the energy space have been forming joint ventures or subsidiaries to get into new energy areas. Even when elections were going on, a PSU company kicked its hydrogen initiatives and because it was a quiet period for the government as the model code of conduct was going on, not much was talked about it. Energy as a business requires tons of capital and also patience to make the business not only profitable but also the stocks sustainable wealth creator, but once a solution reaches a scale then there is no looking back as it is not easy to enter the sector.
