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[Editor’s note: “Energy Storage Is Paramount to Solving the Global Energy Crisis” was previously published in August 2022. It has since been updated to include the most relevant information available.]
Let me level with you for a moment. You know why inflation is so high everywhere these days? It’s because we’re in the midst of a global energy crisis.
That’s the plain truth. Energy is an input cost for everything. Therefore, if the cost of energy increases, so does the cost of everything else.
Indeed, how does your food get to a grocery store, or your favorite restaurant? In the back of a gas-powered truck. If the cost of gas goes up, the cost of that trip goes up. And that higher cost gets passed on to you. Voila – burgers and pizzas are more expensive.
The same is true for apparel, cars, airline tickets, hotels, so on and so…
Energy Storage Is Paramount to Solving the Global Energy Crisis
