An energy company is typically a company that provides various types of energy solutions. Energy companies primarily generate energy from renewable and nonrenewable sources and also conduct exploration, operation, and distribution of energy.
The two basic forms of energy are renewable energy and nonrenewable energy. Non-renewable energy sources are those that are depleted by conversion into energy.
Oil, diesel and gasoline are the most common types of nonrenewable energy produced from degradable sources like fossil fuels, coal, natural gas, and petroleum. Petroleum companies extract petroleum in its crude form and convert it into products like natural gas, petrol, diesel and gasoline.
On the other hand, renewable sources of energy can be used again and again, and include solar energy, geothermal energy, wind energy, hydropower and biomass.
The basic task of an energy company is to generate energy from a resource such as water; solar, from the rays of the suun; wind, via wind turbines; geothermal energy, from the earth’s crust; biomass, from wood, corn and manure; and hydropower, from dams and rivers.
Energy is power that is used to light our houses, heat us, or enable transportation. Energy generation from organic resources may include thousands of processes, and energy companies erect huge power plants and factories in order to perform these processes. There are a number of energy companies spread all over the world generating various types of energy. This is not an easy task, and it requires huge infrastructure and large capital investments. The energy companies also must conform to some government regulations in order to generate energy, as energy generation is has direct impacts on the environment.
Petroleum and electric companies are the two major types of energy companies. Electric companies generate electricity from renewable energy sources, while petroleum companies produce petrol and diesel from nonrenewable energy sources.
The world’s major energy generating companies include:
United Sates Enrichment Corporation
Phillips Petroleum Company
Marathon Petroleum Company
Pacific Gas and Electric Company
Last Updated on : 22th July 2013