Was Phantom Immortal Technology really going to enter the energy sector? The answer was yes.
This had been one of the strategic development plans Shen Bing had laid out long ago, and his lengthy conversation with Li Xiao that night had only strengthened his resolve.
With Geothermal Power Generation Technology far beyond current standards in his hands, he was ready to bring the plan forward.
What was the most important energy source in modern society? Ninety percent of people would say oil.
Hadn't the Americans fought several wars over oil?
But what about ten, twenty, or even fifty years from now?
Absolutely everyone would say electricity.
Even now, some people believed electricity was the most important energy source. But electricity wasn't a primary energy source; it was converted from other forms of energy, such as wind, water, coal, sunlight, and so on...
Even oil could be converted into electricity, couldn't it?
In modern society, losing oil wouldn't have much impact on people's lives. At worst, they would commute on electric scooters or in new energy vehicles. But without electricity, humanity would be thrown straight back into primitive society.
The country currently encouraged private capital to enter the energy sector, especially clean-energy industries such as solar and hydropower. In practice, however, that encouragement came with limits.
These limits didn't mean the government barred certain people from entering the sector. They were implicit restrictions, ones that even the National Leadership hadn't explicitly defined.
For instance, the generator sets controlled by a private company or an individual couldn't account for more than a certain percentage of the country's total electricity generation.
This was easy enough to understand. Energy was a vital foundational industry affecting both the national economy and people's livelihoods. Once a private company controlled thirty percent or more of the country's