The scale and speed of the global energy transition is already producing bottlenecks: calling all electricians!
The passage of the 2022 US Inflation Reduction Act has generated a multi-billion dollar investment spree in renewable energy installation projects: solar panels, wind farms, batteries…
A good part of these are in specialized installations managed by energy companies, part of an unprecedented revolution fueled mainly by the huge cost differential of solar generation, but a significant percentage are households installing a few panels and a battery, growing 33% on last year, which bring substantial reductions to energy bills, especially when we factor in the elimination of gas or gasoline. The feeling, and I know that from my own experience, is like going from scarcity to abundance overnight.
Having disproved disinformation that the planet lacks the resources to bring about a change in our energy model, solar panels are everywhere: on roofs and windows, yes, but also on the surface of lakes and reservoirs, canals, in schools, in parking lots, on agricultural land, and in…
