Nov. 19, 2021
It’s hard to believe it’s almost been a year already.
This past February, Texas saw a massive failure of its power grid during a winter storm. It’s estimated that over 700 people died and the blackout affected over 4 million homes and businesses.
There were shortages of food, water, and heat. Citizens throughout the states had to endure these conditions for just over two weeks and the damage is estimated to have cost the state at least $195 billion.
So what went wrong, exactly?
That’s a question a new report tried to answer.
Earlier this week, the Federal Energy Regulatory Commission released its report on the blackouts and the cause of the crisis. In short, the report confirmed what some independent experts assumed back in February — that the blackout was as severe as it was because crucial parts of the grid weren’t weatherized to withstand the kinds of winter storms Texas saw.
Because much of the failure can be blamed on freezing issues, it’s widely agreed upon that the crisis was largely avoidable. While Texas deals with the issues related to its power grid, what happened in February can be seen as a warning to the rest of the country.
We’re coming up on the winter months, outages are becoming more common, and our power grid may not be up to the task.
That isn’t surprising when you consider that the grid is nearly 100 years old.
It’s also probably not all that surprising that it took things reaching a crisis level before there was any talk about protecting the grid.
It goes beyond just preparing the different parts of the grid for rough weather. It needs to be upgraded to include components for other means of power generation. It needs to account for the inclusion of smart technology. It needs to be made safe from sabotage and bad actors.
All of these are problems that will have to be addressed, and quickly, over the next few years for the grid to meet the demands of the 21st century.
U.S. leadership is looking to address many of those issues with the passage of the Infrastructure Investment and Jobs Act.
This legislation was a key piece of President Biden’s campaign and was just made a reality this past Monday. Among other things, it allocates $65 billion to improving the grid, making it more reliable and resilient.
That means updating it to include solar panels, storage batteries, and other means of power generation to fight climate change.
That means making sure that parts of it are protected against winter storms and hurricanes.
That means updating security to keep out people acting on behalf of rogue nations.
It also means putting in place the kind of technology that will make energy transmission more efficient while accommodating electric vehicles.
These lofty goals are all part of the broad task of improving the country’s power grid, and that comes with a unique investment opportunity.
When it comes to the country’s electric grid, one emerging technology is set to take off. Not only will it incorporate the latest technology, but it makes power transmission more equitable, efficient, and secure.
Once it gets put in place, the disruption to the way this country generates power will mean big profits for early investors.
There’s one company that controls this technology. Not many people know about it now, but that’s set to change.
The details are in this report.
With the president’s infrastructure bill now law, it’s only a matter of time before this company’s value climbs.
You can stake your claim now before that happens and profit from the energy revolution.
Keep your eyes open,
Editor, Daily Profit Cycle