Implications of the ERCOT Energy Crisis

February 25, 2021

Schneider electric energy and sustainability experts discuss the implications of the ERCOT energy crisis, and how organizations can prepare their energy supply and infrastructure for future extreme weather events - covering both immediate actions they can take today, and long-term strategies that address the root cause of this unpredictable and extreme weather.

Watch the video below to hear from

Amy Haddon – VP Global Cleantech + Content Marketing

Gregg Morasca – VP, Microgrid Content

Jeremy Warner - Regional Market Manager

Erin Decker – Director, Cleantech Client Management

 

Video Highlights

  • Last week, Texas experienced and unprecedented extreme cold weather event that affected all generating sources including natural gas, coal, wind, fossil fuel and even a nuclear plant. At one point, more that half of all of the ERCOT grid was tripped, and what started out as a cold weather and power event quickly turned into a humanitarian and financial crisis, leaving millions of people without access to power or fresh drinking water.
  • As a result of this, and other 'black swan' weather events that are occurring more and more frequently, all cities and companies need to take a hard look at their resilience strategies, and consider how the meaning of 'critical facilities' has expanded to include not just the traditional military bases and correctional facilities, but also grocery stores, schools, banks, gas stations, etc. All organizations owe it to themselves, their employees, their customers and their community to reconsider how resilient they really are.
  • Diversification of energy sources with renewables, microgrids and other localized energy will address both the short-term need to mitigate risk and increase control during unexpected events and outages, as well as the long-term need to reduce carbon to mitigate the impacts of climate change and ensure public safety for all.

To get more expert insights about the ERCOT energy crisis, download our special market update, developed by the Schneider Electric Global Research & Analytics team.

 

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