Global Power Demand Is Soaring, IEA Expects 4% Growth in ’24 & ‘25

GAS TURBINE SHORTAGE RISKS NEW ENERGY CRUNCH 🚨⚡
Orders for turbines for natural gas power plants are vastly outpacing supply, threatening the world’s ability to keep pace with rising electricity demand
🧵 Thread on how we got here and what it means for power-hungry nations... See more
The Inflation Reduction Act provides tens of billions of dollars in subsidies for wind and solar in the U.S. However, as seen below, gas-fired generation is still growing faster than those two sources combined. Note that in 2023, wind generation fell despite the addition of 6 gigawatts of capacity. Why? The wind didn’t blow.
Robert Bryce • Numbers Don’t Lie
In large, populous nations, the complete reliance on these renewables would require what we are still missing: either mass-scale, long-term (days to weeks) electricity storage that would back up intermittent electricity generation, or extensive grids of high-voltage lines to transmit electricity across time zones and from sunny and windy regions to
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