The Evolution of Industrial Energy and Global Economic Growth
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The Rise of New Energy Sources
Following the steam engine, the first industrial revolution saw oil and electricity emerge as transformative forces. While electricity was initially confined to laboratory experiments, its industrial adoption relied on low-cost production and efficient long-distance transmission, both of which were achieved in the late nineteenth century.
However, the early application of electricity remained limited. Until 1913, steam power held the primary position. Early power plants were small, serving mainly for lighting and traction. While France initially led in power production due to its central Alpine region, it was soon surpassed by the U.S., Germany, Great Britain, Switzerland, and Sweden.
The Emergence of the Oil Industry
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