It's becoming increasingly clear that we’re at risk of being caught off guard by the rapid advancement of AI. Even AEMO appears to be softening its previous stance, acknowledging that our current renewable energy targets may no longer be achievable. I expect we’ll see adjustments to the national energy plan within the next 12 to 18 months.The likely fallback strategy will involve ramping up gas-fired power plants.
However, several energy professionals I've spoken to believe that even this may be difficult to implement due to global supply constraints on critical components. Meanwhile, 2035 is approaching quickly—by then, we’re set to lose our most reliable energy source (coal), which still accounts for around 70-80% of the electricity grids in the more developed states.
PDN Price at posting:
$7.28 Sentiment: Buy Disclosure: Held
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