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Siemens Power CEO Confirms the Iron Law of Power Density

Robert Bryce of RealClearEnergy writes about the need to have a diverse energy strategy.

The C3 Take
  • 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.

The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.

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