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Home Themes Nuclear Renaissance

Renewable Energy Saves the Day: Power Grid Survives Extreme Heatwave”

by Team Lumida
September 16, 2024
in Nuclear Renaissance
Reading Time: 2 mins read
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Photo by Zbynek Burival on Unsplash

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Key Takeaways:

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1. Renewables supplied 40% of the power grid during peak heat, preventing blackouts.
2. Record-breaking temperatures stressed the grid, but renewables and operational luck averted disaster.
3. Future investments in renewable energy are essential to handle increasing extreme weather events.

What Happened?

Record-breaking heatwaves put unprecedented stress on the power grid, testing its resilience. Temperatures soared above 100°F across several states, pushing electricity demand to new highs.

Remarkably, renewable energy sources, particularly wind and solar, supplied 40% of the power grid during peak hours. This significant contribution helped prevent widespread blackouts. Additionally, operational luck played a role, as the grid experienced fewer-than-expected equipment failures.

Why It Matters?

The performance of renewables during this heatwave underscores their critical role in our energy infrastructure. Renewable energy sources not only met demand but also stabilized the grid when it was needed most.

This event highlights the importance of continued investment in renewable technologies to ensure grid reliability amidst increasing climate extremes. As one energy analyst noted, “Renewables are no longer supplementary; they are essential to grid stability.”

What’s Next?

Given the success of renewables in managing the extreme heat, expect increased investments in wind, solar, and battery storage technologies. Policymakers and utility companies will likely prioritize these investments to bolster grid resilience.

Additionally, the event serves as a wake-up call for infrastructure improvements to handle future climate challenges. As extreme weather events become more frequent, relying on renewables and robust infrastructure will be crucial to maintaining a stable power supply.

Source: Wall Street Journal
Tags: renewable energy
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© 2025 Lumida Wealth Management LLC is an SEC registered investment adviser. Privacy Policy. Cookies Policy.
Disclaimer Important Information This site is for informational purposes only. Information presented on this site does not constitute as investment advice.

Lumida Wealth Management LLC (‘Lumida”) is an SEC registered investment adviser. SEC registration does not constitute an endorsement of the firm by the Commission nor does it indicate that the adviser has attained a particular level of skill or ability.

Lumida's website (referred to herein as the "Website") is limited to the dissemination of general information pertaining to its advisory services, together with access to additional investment-related information, publications, and links. Accordingly, the publication of the Website on the Internet should not be construed by any client and/or prospective client Lumida’s solicitation to effect, or attempt to effect transactions in securities, or the rendering of personalized investment advice for compensation, over the Internet.

Any subsequent, direct communication by Lumida with a prospective client will be conducted by a representative that is either registered or qualifies for an exemption or exclusion from registration in the state where the prospective client resides.

‍Lead Capture Forms: By submitting your contact information in the forms on this site, you are not obligated to invest in Lumida's product or services.
‍Address: Lumida Wealth Management, 25 W 39th Street Suite 700, New York, NY 10018