Buffett: The issue to consider now is energy storage

Classification:Industrial News

 - Author:ZH Energy

 - Release time:May-09-2024

【 Summary 】At 10:15 pm Beijing time on May 4th, 2024, the annual shareholder meeting of Berkshire Hathaway was held in the small town of Omaha, USA. The shareholder meeting attracted tens of thousands of investo

Related link: Warren Buffett's energy company launched photovoltaic energy storage as a replacement for thermal power two years ago

At 10:15 pm Beijing time on May 4th, 2024, the annual shareholder meeting of Berkshire Hathaway was held in the small town of Omaha, USA. The shareholder meeting attracted tens of thousands of investors from around the world, and the company's chairman Warren Buffett and his successor Greg Abel delved into the importance of energy storage technology and the company's investment strategy in the energy sector.

picture source:patabook news
       Buffett believes that Berkshire Hathaway has a responsibility to ensure that users have a stable lighting supply every day, and from a power generation perspective, the current issue to consider is energy storage.

Abel pointed out that current energy storage batteries may provide four hours of electricity, but there are still economic challenges that require continuous technological advancement.
With the advancement of global energy transformation, energy storage is a key technology to support renewable energy (such as wind and solar energy), but the continuous improvement of energy storage technology level is the key to ensuring its reliability and economy. Abel believes that investors should find a balance between technological innovation and traditional energy to ensure stable and reliable electricity supply for customers.

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