A New Electricity Supercycle is Under Way 20
Global investment in electrical grid infrastructure is surging amid rising demand for power and the shift to renewable energy, reaching nearly $400 billion in 2024 from just over $300 billion in 2020. The International Energy Agency forecasts spending will hit $600 billion annually by 2030, driven by decarbonization efforts, electrification of transport and heating, and growing power needs from data centers and developing economies.
Major equipment manufacturers including Schneider Electric, Hitachi, and Siemens Energy are expanding production capacity to address severe supply chain bottlenecks, with transformer prices up 60-80% since 2020 and wait times extending to five years.
Major equipment manufacturers including Schneider Electric, Hitachi, and Siemens Energy are expanding production capacity to address severe supply chain bottlenecks, with transformer prices up 60-80% since 2020 and wait times extending to five years.
Re: (Score:1)
Can he take the Orange Tribbletop with him?
This is awsome (Score:4, Insightful)
Can't wait for my power bill to go up.
Re: (Score:2)
and outside temperatures.
Re: (Score:2)
https://www.cleanenergywire.or... [cleanenergywire.org]
You can see why electrification and agility to handle intermittent sources and electricity imports is a big deal for nations in that situation.
Re: (Score:3)
Don't even need to endure a neighboring a war to see this...
Germany $0.35 (0.3357€) kWh
USA average $0.11 kWh
California (Northern) $0.32 kWh
https://fred.stlouisfed.org/se... [stlouisfed.org]
Re: (Score:2)
https://www.sdge.com/sites/def... [sdge.com]
I'd be getting solar panels to power my A/C, pronto.
Re: This is awsome (Score:2)
I have seen some PG&E rate schedules that went above $0.70/kWh in the past. Too lazy to search for them now. They change 4 times a year, and there are a lot of rate types.
Re: (Score:2)
Pay now, pay later. There is no free option.
All you are doing by having artificially low energy prices is hoping someone else pays the true price for you. Someone far away, your own kids, anyone but you.
Re: (Score:2)
If you're American then the rest of the world can't wait for it either. Maybe then Americans would stop being so damn wasteful with electricity.
Maybe Cuba and Puerto Rico can get in on this (Score:2)
I'm not holding my breath though.
Headline (Score:2)
Is there actually a story here?
(this is /. you don't expect me to RTFA do you)
I expect that trend to continue. (Score:2)
With the massive amount of datacenters being planned to continue the push for sucking up ever more resources in order to build the LLMs necessary to keep aggregating user data, training the machines to take over more human jobs, and to continue to amass wealth for the oligarchs at the expense of the rest of us, power consumption is going to continue to climb exponentially for the next few years. While we're attempting to solve a climate crisis caused by humans sucking down resources ever faster and producin
Re: (Score:2)
Link to full story (Score:1)
Non-paywalled full version: A new electricity supercycle is under way [livemint.com]
Other publishers may also have the same content. This quote from near the end may be useful in a search engine:
For now, spending on electricity infrastructure shows no sign of easing, as grid operators grapple with rising power consumption, a changing generation mix and ageing infrastructure.
Investment is for profits. (Score:2)
Why are we thinking about electricity supply as if it's a business? As if profit is the main goal?
If profit is your main electricity company's goal, you're in for some fun.
Re: Investment is for profits. (Score:2)
Because most large US utilities are private for-profit utilities, unfortunately. Many are guaranteed a fixed percentage profit margins and are thus incentivized to build as much as possible, regardless of need.