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Companies in this industry operate electric power generation facilities that produce electrical energy from fossil fuels. Major companies include AES, American Electric Power, Dominion Resources, Duke Energy, and The Southern Company (all based in the US); China Power; E ON (Germany); Taiwan Power; Tokyo Electric Power Company (Japan); and NTPC Limited (India).
The global electricity industry generates about 22 trillion kilowatt hours (KWh) of electricity. The leading countries in electricity generation are China, the US, India, Russia, and Japan. About 15% of the world's population does not have access to electricity, resulting in an unmet demand that will fuel industry growth in India and countries in Africa.
The US fossil fuel-powered electric generation industry consists of about 1,400 establishments (single-location companies and units of multi-location companies) with combined annual revenue of about $80 billion.
Government entities and cooperatives that own generating plants are not included in the industry. Companies that transmit and distribute electricity are covered in the Electric Power Transmission, Distribution & Marketing industry profile. Companies that generate electricity from both renewables and fossil fuels are covered in the Electric Power Generation profile. Companies that generate electricity only from wind are covered in the Wind Power Generation profile. Companies that generate electricity only from the sun are covered in the Solar Power Generation profile.
Demand is driven by commercial, government, and residential needs for electrical power, which depend mainly ...
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