With natural gas production in the United States taking off and starting to compete with coal to become the largest source of electricity generation in the United States. While price has been a large cause for the increase in natural gas production, the possibility of tighter emissions standards has also led several utility companies to make the switch from coal. For those that have, there may be some big technological developments to come.
Tests are currently being done to convert natural gas into a cleaner, more efficient fuel by using solar power. The process would improve natural gas efficiency by 20%. If successful, it could spell a huge win for the natural gas industry. In this video, Fool.com contributor Tyler Crowe looks at how this new system would work and what it could mean for utility companies.
