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Berkshire Hathaway’s Energy Business Became a $90B Win for Warren Buffett - Barron's

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Berkshire Hathaway’s Energy Business Became a $90B Win for Warren Buffett | Barron's

How Berkshire Hathaway’s Energy Business Became a $90 Billion Win for Warren Buffett

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When Berkshire Hathaway agreed to buy a small Midwestern utility company in 1999, CEO Warren Buffett said it “was right in our sweet spot” and offered “good growth potential.”

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Related Knowledge Center: ENERGY BASICS: renewables

State of Play

Renewable energy sources — once the fuel of the future, then practical in specific, narrow applications — are increasingly economic mainstream sources of power generation. Hydropower was long the mainstay of U.S. renewable electricity generation, although wind power surpassed hydro for the first time in 2019, and solar continues its rapid growth. The continued growth of wind and solar, with their fluctuations, is tied in part to improvements in storage technology: batteries.

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