Energy storage solutions donât have the same investment appeal as a sexy tech trend like AI, but theyâre every bit as important. Energy storage solutions donât have the same investment appeal as a sexy tech trend like AI, but theyâre every bit as important.Â
                                                                                                     Energy storage solutions donât have the same investment appeal of a sexy tech trend like AI, but theyâre every bit as important. [Wealth Daily] Jason Simpkins / Apr 16, 2024 The Investment You Didnât Know You Needed Energy storage solutions donât have the same investment appeal as a sexy tech trend like AI, but theyâre every bit as important. Consider this⦠For more than 30 years, demand for electricity has held steady or even fallen. But in the next five years, that demand is set to grow by 38 gigawatts â the equivalent of 34 new nuclear plants. This is putting a tremendous strain on electric utilities, like Georgia Power. The Peach Stateâs stateâs largest power provider says it needs to radically increase the amount of electricity it produces â and fast. Specifically, it said it needs 17 times more electricity â the equivalent of four new nuclear plants. Meanwhile, Arizona Public Service, the largest utility in that state, is also struggling to keep up. It says itâs going to run out of transmission capacity before the end of the decade unless major upgrades are made. The same is true in Virginia, Texas, and elsewhere. All of these power grids are suddenly scrambling to cover soaring demand for electricity. And while factors like economic growth and electric vehicles are partially responsible for the surge in energy demand, there is one culprit thatâs more responsible than any other. And thatâs data centers. The Driving Force Behind Energy Storage Demand Data centers and server farms are the sprawling warehouses that process all of the apps and websites Americans rely on everyday. Every web-based application from Amazon to Netflix to Instagram runs through a data center. They also carry the water for the crypto industry, processing all of the mining, storage, and transactions. And on top of that, AI has exacerbated demand for their services even more. Indeed, AI applications are among the most power intensive on the planet. And theyâre growing in scale, sophistication, and adaptation. Nuclear Power Coming to TennesseeIs Your State Next? âToday, many may not realize that Tennessee derives more power from nuclear energy than from any other sourceâ¦â Governor Bill Lee recently as he announced a new plan for Tennesseeâs energy economy. Tennessee is not the first and will not be the last state to push for more nuclear power initiatives. With the recent advances in Small Modular Reactor (SMR) technology, nuclear energy is not only the most efficient, but itâs the cleanest renewable energy source we have. What's more: one tiny company that has revolutionized nuclear technology stands to experience exponential growth. Those who havenât staked their claim stand to lose out on life-changing gains. Iâve put together everything you need to know about this [quantum-leap technology right here](. Thatâs why states like Georgia are suddenly scrambling. Georgia Power says that 80% of its demand crunch is attributable to data centers. Metro Atlanta is now the No. 6 market in the country for data centers, which are growing in both number and size. In fact, energy demand from data centers in the region has more than doubled. That is, metro Atlantaâs entire data center market totaled 142.6 megawatts (MWs) in 2019. But at least eight individual data center campuses are under development in the area today. And theyâre bringing another 150 MWs of demand with them. The same thing is happening in Virginia, which also needs the equivalent of several large nuclear power plants to service all the new data centers it has planned and under construction. In all, Americaâs 2,700 data centers ate up more than 4% of the countryâs total electricity in 2022, according to the International Energy Agency. Its projections show that figure will rise to 6% by 2026. And itâs going to keep rising from there. The Solution to Americaâs Energy Crisis Obviously, rapidly building dozens of new nuclear power plants over the next few years to meet surging electricity demand is not an adequate solution to this problem. Energy storage is. If America can store more energy, we can optimize the power produced by solar and wind, which are inconsistent. For example, California is now building a huge new battery plant near Los Angeles that will be among the largest in the world when it comes online later this year. This will shore up California's power grid during the peak summer season and help the state achieve its renewable energy goals. California has long been at the forefront of this transition, which is why the state accounts for more than half our nation's power storage capacity. But others are now joining in. [Groundbreaking New Pill Could Generate $1 Trillion]( It has the potential for memory enhancement, disease prevention, and mental health breakthroughs. Thatâs why itâs expected to generate trillions of dollars by redefining human health. But the best part is that this pill is on the brink of FDA approval and Iâve pinpointed THREE stocks set to soar with its market debut. Donât miss your chance to make a legendary fortune off this medical breakthrough. [Learn more about this pill here.]( According to research firm Wood Mackenzie, new U.S. grid storage installations jumped 98% last year. And they're poised to grow another 30% this year. As a result, the market is poised to grow from $20 billion today to more than $546 billion by 2035. Tesla is one good example of how this growth can be exploited. Its energy storage business is growing 90% annually and is now more profitable than its electric car segment. However, despite that, Tesla actually isnât the best investment opportunity in the space. For that, you have to look somewhere else⦠The Best Energy Storage Investment The problem with Teslaâs energy storage business (besides Musk's own mercurial and erratic nature) is that itâs structured around lithium batteries. Now, lithium batteries may be fine for smartphones, laptops, and even electric cars. But when it comes to massive battery parks and commercial energy storage, they just canât get the job done. Lithium batteries leak energy, degrade over time, struggle at extreme temperatures, and are even prone to spontaneously combust. Thatâs why [the better solution is vanadium](. Vanadium batteries⦠- Have a life span 40 TIMES longer than lithium batteries â lasting 25 years or more â making them far more durable than any conventional renewable system...Â
- Can be recharged endlessly without losing efficiency...
- Can be easily scaled up to offer unlimited energy storage capacity...
- And are non-flammable. This makes them ideal for large-scale energy storage. And one company in particular â a company magnitudes smaller than Tesla â has the inside track on their development. As such, itâs already caught the attention of the U.S. Department of Energy, securing $40 million in funding from the government. And itâs set up for a major payday in line with the growth in U.S. power consumption and energy storage. [Just click here to get all the details you need to cash in.]( Fight on, [Jason Simpkins Signature] Jason Simpkins [Wealth Daily ICYMI Header]( This New Tech Could Be Worth MUCH More Than AI(Buy This $2 Stock) Bloomberg reports that AI programs like Googleâs Bard and OpenAIâs ChatGPT are expected to be worth $1.3 trillion by 2032. Starting from a market size of merely $40 billion in 2022... That's a 3,150% increase almost overnight, leading investors to rapidly buy up any stock mentioning artificial intelligence. [AI] But hereâs the kicker. Thereâs a rapidly growing market I'm introducing to my readers that could unlock over $7 trillion in the next FIVE years â far surpassing AI's measly $1.3 trillion thatâs nearly a decade away. And thereâs one tiny company set to become the primary supplier for this entire $7 trillion revolution as it rapidly kicks into high gear. Google has confirmed that this company will supply them with critical components... Lenovoâs Capital and Incubator Group has also recently partnered with this small tech company to expand its presence in this growing market... And not to mention this firm has secured supply and manufacturing agreements with dozens of companies including major names like Raytheon, Panasonic, Verizon, Nikon, Garmin, and Northrop Grumman. The best part is that it's currently trading for just $2 â but not for long. In the coming months, I anticipate its revenue will soar â elevating its share price in the process and potentially delivering investors returns of 26,221% and beyond. [Discover the details right here before this technology becomes mainstream.]( [Feedback? get in touch](mailto:/newsletter@wealthdaily.com?subject=Wealth%20Daily%20feedback) [Read this email online]( [Manage Newsletters]( [Share on Twitter]( You signed up for our newsletter with the email {EMAIL}.
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