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HomeBusinessPower Crisis Threatens Growth: U.S. Business Leaders Demand Reliable Energy now

Power Crisis Threatens Growth: U.S. Business Leaders Demand Reliable Energy now

The United States must act quickly to secure reliable energy as demand continues to rise. In New York, business leaders warn that energy shortfalls could threaten both job growth and infrastructure development. Power disruptions during recent heatwaves revealed weaknesses in the current grid.

Energy shortfalls are not just inconvenient. They risk disrupting high-tech growth, manufacturing, and daily operations. During peak demand, natural gas provided the majority of power. Meanwhile, wind and renewables played only a small role. This gap shows why reliable energy must remain part of the conversation.

Electricity demand could double in the next twenty years. Yet renewable systems have not scaled fast enough to meet that demand. As a result, cities like New York risk falling behind. Without reliable energy, even well-planned projects cannot move forward.

Many of New York City’s major development projects depend on consistent electricity. Plans for Staten Island housing, Willets Point redevelopment, and the Brooklyn Marine Terminal all need energy. Reliable energy ensures that progress in these areas is not delayed.

New York’s growing involvement in AI and high-tech manufacturing also requires power. Businesses depend on stable systems. Any disruption could stall innovation and cost billions. Therefore, reliable energy supports both short-term and long-term economic goals.

Fortunately, some leaders are acting. The state now supports zero-emission nuclear power development. Also, utility companies are updating their gas strategies. These moves help ensure future demand is met without delay. But more effort is needed at every level of government.

Critics of new gas infrastructure say renewables should replace fossil fuels. However, that transition will take time. Until then, traditional energy must continue to support peak demand. Ignoring this fact could create long-term setbacks for economic progress.

Business leaders believe a balanced approach is essential. Renewable projects must grow, but not at the cost of reliability. A mix of energy sources keeps costs low and services dependable. Stable prices and continuous access to power help attract new industries.

Economic strength relies on modern infrastructure. Without reliable energy, cities cannot support development or attract major investments. Leaders must make bold, realistic choices to ensure future success.

Delaying action could weaken cities’ ability to compete globally. Therefore, securing reliable energy must remain a national priority. Business, government, and utilities need to work together on long-term solutions.

For more business updates, visit DC Brief.

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