Elon Musk Predicts Electricity Shortage in Two Years
"The man behind the race to replace gasoline-fueled cars with electric ones is worried about having enough juice," writes the Wall Street Journal:In recent days he has reiterated those concerns, predicting U.S. consumption of electricity, driven in part by battery-powered vehicles, will triple by around 2045. That followed his saying earlier this month that he anticipates an electricity shortage in two years that could stunt the energy-hungry development of artificial intelligence. "You really need to bring the time scale of projects in sooner and have a high sense of urgency," Musk told energy executives Tuesday at a conference held by PG&E, one of the nation's largest utilities. "My biggest concern is that there's insufficient urgency." Musk's participation with PG&E Chief Executive Patti Poppe at the power company's conference marked the third major energy event the billionaire has appeared at in the past 12 months. He has played the part of Cassandra, trying to spark more industry attention on the infrastructure required for his EV and AI futures as he advocates for a fully electric economy. "I can't emphasize enough: we need more electricity," Musk said last month at an energy conference in Austin. "However much electricity you think you need, more than that is needed." The U.S. energy industry in recent years already has struggled at times to keep up with demand, resorting to threats of rolling blackouts amid heat waves and other demand spikes. Those stresses have rattled an industry undergoing an upheaval as old, polluting plants are being replaced by renewable energy. Utilities are spending big to retool their systems to be greener and make them more resilient. Deloitte estimates the largest U.S. electric companies together will spend as much as $1.8 trillion by 2030 on those efforts. Adding to the challenge is an industry historically accustomed to moving slowly, partly because of regulators aiming to protect consumers from price increases.
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