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Hypothesis: the future of energy markets will be dominated by PPAs and DPAs ("Demand Purchase Agreements"). The latter will be a new contractual mechanism that will support the capitalization of sector-coupling assets such as seasonal storage or power-to-fuels. 1/n
PPA-like agreements will also grow in the residential HVAC market as we move existing load from fossil fuels to geothermal and other heat pumps.
