Anyone paying a utility bill has certainly noticed that the cost of electricity has risen over the past couple of years—at a rate that has often outpaced recent high inflation. With electricity demand rising due to a number of factors, including everything from electric vehicle (EV) adoption to even cryptocurrencies and artificial intelligence (AI), rates promise to continue going skyward. In fact, some U.S. utilities are doubling their electricity demand projections over the next five years.
Then there’s the fact that the electric grid in the U.S.—which is already antiquated and subject to increasing outages—may be at its limit.
