What appears to be a perfect storm is forming over the nation’s electricity supply.
This winter may be the first test, and what happens next summer and going forward has many in the industry voicing considerable alarm, including talk of a new energy crisis of indefinite duration.
Texas and California are expected to struggle this winter, as they did in the summer. NERC has named those two states as vulnerable.
These are the gathering elements of the storm:
• Organic growth in areas with burgeoning populations like Texas and the Intermountain West.
Something big is happening in the electric utility space: artificial intelligence is moving in -- and it is on its way to becoming a transformative force. The Electric Power Research Institute and most of the national laboratories, from Argonne in Chicago to Pacific Northwest in Seattle, are predicting major impacts on utility operations. The World Economic Forum predicts AI usage will grow 20-fold between now and 2030.
Sometime between now and the decade’s end, the nation’s electric utilities will begin to contend with a surge. That is when electric vehicles (EVs) will begin arriving in numbers large enough to tax the edge of the grid and to have utilities scrambling for ways of accommodating the new demand in peak hours.
S&P Global projects that 40 percent of new car sales in 2030 will be electric; other studies’ projections go as high as 50 percent.
Hydrogen Naturally, Inc. has found the key to removing gigatons of carbon from the atmosphere: power facilities and communities with Bright Green™ Hydrogen made from residual forestry waste fiber. Hydrogen Naturally, Inc. Executive Chairman Ian MacGregor will give an overview of how and why this innovative system works—and how it provides indigenous ownership and durable jobs in the transitioning energy market.