Green Hydrogen Could Have Avoided Texas Power Crisis, Says Bloom Energy CEO
The recent power crisis in Texas has emphasized the importance of resilient and reliable energy provision. The sight of people burning cabinet doors to stay warm and huddling around standpipes for clean water, as hundreds of thousands suffered power shortages in freezing temperatures, has propelled questions around power provision into the headlines. With traditional fossil fuels failing to deliver consistent power, public interest is turning to hydrogen and fuel cell energy generators.
The Texas power crisis was triggered when the grid was overwhelmed by demand for power during a fierce winter storm. Alternative energy sources that rely on solar and wind power failed, largely because it’s not yet possible to use these systems to store excess energy and redistribute it successfully. It was seen as an enormous irony that the state with the biggest natural reserves of fossil fuels still failed to provide resilient power supply, but that irony underscores the importance of using advanced technology to store, redistribute, and deliver energy in the right places and at the right times. It is becoming increasingly clear that hydrogen can provide this service, rendering a hydrogen ETF an attractive investment possibility.
Today, we’re paying the price for decades of neglect. Natural disasters have multiplied exponentially, rising from around 6 a year between 2002 and 2010 to 22 in 2020 alone, while electricity demand has skyrocketed. Access to reliable power is a necessity today, not a luxury, but in the words of KR Sridhar, CEO of Bloom Energy, what happened in Texas is not an abnormality, but the new reality. Until the long-term task of fixing the grid is completed, states, municipalities, and essential industries should turn to fuel cell technology to provide the energy resilience they are lacking.
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