A New Electricity Supercycle is Under Way
(Monday January 06, 2025 @05:20PM (msmash)
from the through-the-roof dept.)
- Reference: 0175840425
- News link: https://hardware.slashdot.org/story/25/01/06/1810211/a-new-electricity-supercycle-is-under-way
- Source link:
Global investment in electrical grid infrastructure is surging amid rising demand for power and the shift to renewable energy, [1]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.
[1] https://www.economist.com/business/2025/01/05/a-new-electricity-supercycle-is-under-way
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.
[1] https://www.economist.com/business/2025/01/05/a-new-electricity-supercycle-is-under-way
Maybe Cuba and Puerto Rico can get in on this (Score:2)
by davidwr ( 791652 )
I'm not holding my breath though.
Headline (Score:2)
by rossdee ( 243626 )
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)
by nightflameauto ( 6607976 )
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
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)
You want to see power bills going up, look at Germany since the invasion of Ukraine:
[1]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.
[1] https://www.cleanenergywire.org/sites/default/files/styles/paragraph_text_image/public/paragraphs/images/energycosts-check24-feb23.jpg
Re: (Score:2)
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
[1]https://fred.stlouisfed.org/se... [stlouisfed.org]
[1] https://fred.stlouisfed.org/series/APUS49B72610