Robert Bryce of RealClearEnergy writes about the need to have a diverse energy strategy.
- Siemens Power is investing heavily in renewable energy technologies like solar and wind.
- The company is facing supply chain bottlenecks for renewable energy because of the vast amount of materials that are needed to build and power these energy sources.
- While private sector investments in green technologies are important and laudable, the issues that Siemens faces emphasize the importance of maintaining a diversified, “all of the above” energy portfolio.
“Now back to Bruch. He told CNBC that there is ‘still a way to go’ in the maturation of the wind industry and that there are problems with distributing ‘risk along the supply chain in a world which is much more volatile, much more difficult, much more multilateral than before.’ He continued, saying “if we don’t resolve it as an industry, we are missing a substantial part of the energy transition, and we’ll fail with the energy transition.”
Read the full article here.
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