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by alexose
243 days ago
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Yep. It has massive ripple effects for manufacturing, especially as more industry transitions away from fossils for heat generation. Energy accounts for around 40% of the opex for steel manufacturing, for instance. Zero chance we build more steel mills if the cost of electricity continues to skyrocket. The Chinese have the right approach: Bringing the cost-per-watt down using massive deployments of renewables and ultra high voltage transmission. We were already in the backseat, and now we're not even in the same car. |
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