Electricity shortages in Brazil and California show the need for new sources of power such as Low Energy Nuclear Reaction (LENR). These shortages also reveal the limits of renewable energy and raise serious questions about strategies that rely upon it.
Politicians and utility executives in Brazil are scrambling to prevent anticipated electricity shortages because an ongoing drought is literally drying up the reservoirs that power the nation’s hydroelectric dams. Around 68% of the electricity in Brazil is generated by hydro. Some experts even think that electricity rationing is imminent in Brazil.
The electricity shortage is already affecting Brazil’s economy. Reuters reported that the ratings agency Standard & Poor’s (S&P) has already downgraded Brazil’s credit rating that means it cost more for Brazil to borrow money. The credit rating was lowered because Brazil’s government will have to spend $5.2 billion to bail out the nation’s utilities. The utilities will need a bailout because they’ve had to start buying natural gas to burn to generate electricity to replace the lost hydro power.
Some experts even think that Brazil’s rate of economic growth will slow and inflation will rise because of higher electricity prices. Expensive energy could destroy Brazil’s economic future.
Things aren’t as bad in California yet but they could be. What experts are calling a megadrought has shut down many of the state’s hydroelectric dams. The only thing that has prevented blackouts so far has been new solar power plants constructed in recent years according to media reports.
We should also remember that hydroelectricity is a renewable source of energy. Yet it too seems to be limited and subject to external conditions. Renewable energy might not be the answer to our problems, we need new energy technologies, not dead ends.
These news stories indicate that our current sources of electric power are unreliable. We need to embark upon a crash course to develop LENR and other new sources of electricity now. If we don’t, we could face an economic situation like the one in Brazil. Relying on only one source of electricity is a strategy that will lead to economic catastrophe as the people of Brazil are learning.
It goes without saying that these electricity shortages will make alternative sources of power such as LENR a great investment. It’s easy to see why big investors like Cherokee Partners are getting interested in LENR, if it works, it will have a bright future. The demand is there, now we need the solution.
“Necessity is the mother of invention” – English proverb
The Oxford dictionary describes the meaning of this proverb as:
“When the need for something becomes imperative, you are forced to find ways of getting or achieving it.”