Biden’s Plan for the Power Grid

With the country getting a handle on the COVID-19 pandemic, the Biden administration has set its sights on another, longer-running crisis.

On Earth Day last week, President Biden headed up a summit of world leaders to make his case for working together to tackle climate change. He laid out a plan that would have the United States cutting its own greenhouse emissions by at least 50% by 2030.

This would put the country below levels it hasn’t seen since 2005. There were a billion fewer people on the planet back then and the phrase of choice was still ‘global warming’.

In his address to fellow world leaders, Biden painted a picture of international cooperation that was largely absent during the last administration. He said that all of this could happen in the context of job creation and economic prosperity, but only if — like during the pandemic — we paid attention to the science.

Addressing climate change was always a core element of Biden’s administration. He rejoined the Paris Climate Accord and created the Office of Domestic Climate Policy. As far as involving the people of the U.S., the president has tied climate to his plans for infrastructure.

Those plans would involve fixing roads and bridges, updating transit, and giving more Americans access to broadband internet. But they would also involve bringing the electrical grid into the 21st century.

And it’s the part about the electrical grid that not many people think about when it comes to addressing climate change issues.

One way this can be done is through virtual power plants.

Instead of traditional power plants distributing electricity to the grid, the job is done through a network of power generating units. These can be green sources of energy like solar panels, wind farms, and storage batteries among others.

The virtual power plants, through the use of software, can control electricity generation and distribution in a way a normal power plant can’t. Because traditional plants release a consistent amount of energy to the grid at all times.

As communities grow and needs change, that can often lead to a mismatch between demand and generation. With too much of one and not enough of the other, problems like blackouts and waste occur.

Virtual power plants help alleviate that problem by balancing the load. Generation can scale as demand does thanks to networked units talking to each other.

On top of that, because the electricity released into the grid isn't coming from coal- and oil-fired power plants, air pollution is reduced while keeping up with demand.

This technology isn’t just emerging here in the U.S., either. It’s already seeing some use in Australia as well as countries throughout Europe.

And with the President vowing to make the fight against climate change a cooperative, international effort, this technology is likely to grow aggressively.

This has the potential to be one of those stories where a technology slips under the radar until it’s suddenly everywhere.

Think about things like cryptocurrency, smart devices, and social media. These were all niche areas that not many people paid attention to in their early days. Now, you can’t go a day without seeing a headline or hearing someone talk about one of these topics.

With all of the advantages virtual power plants offer to consumers, in addition to how integral they can be in combating climate change, that’s a trend that’s set to repeat.

One company, in particular, is at the forefront of this technology. It’s positioned itself to become a household name when virtual power plant technology becomes more common over the next few years.

Nick Hodge says this company is the “Amazon of Energy” and the details are in his newest report. If you get in now, you’ll be right there when the company takes off and the profit starts coming in.

Keep your eyes open,

Ryan Stancil
Editor, Daily Profit Cycle

Ryan Stancil is an editor and regular contributor to Daily Profit Cycle. He’s been active in the financial publishing industry for more than half a decade, offering insights and commentary on technology and geopolitics to help readers make sense of the constantly changing landscape and how it affects their investments. His readers appreciate his "tell it as it is" writing style, where he always offers a fresh new perspective on what's happening in the market and leaves nothing unsaid.