Our dataset for the fourth day’s task pertains to global power plants, comprising approximately 35,000 power plants from 167 countries, with data spanning between 2013 and 2017. As with the previous three days, the objective is to weave a narrative based on this dataset.

The initial question that arose in my mind was regarding the areas with potential for energy market investments. Thus, I delved into the topic, and my research yielded certain insights. Those are the key points I found:

  • Fuel is the primary source of energy production.
  • China and the United States are the largest producers of energy due to their robust economies.
  • China’s growing economy has established a substantial energy market that continuously generates power, making it the largest in the world.
  • China produces the most energy and also consumes the most, primarily sourced from coal.
  • The US relies predominantly on natural gas for energy production.
  • Investors in the energy market must consider the age of power production plants in each country.
  • Nuclear energy is highly efficient in China compared to coal and is a better option with less environmental and political ramifications.
  • Opportunities for energy market investors remain, provided they evaluate technology and the efficacy of fuels and technologies in each country.
  • These insights offer investors valuable information to make well-informed decisions.

As a result, I created a dashboard to showcase my findings.

 

 

The Data School
Author: The Data School