Energy is essential for economic development in Ohio, according to a recent meeting held by the Ohio Business Roundtable (OBRT). The organization gathered executives to discuss the state's access to energy and emphasized the importance of ensuring it remains reliable and affordable.
The meeting addressed concerns about the retirement of nonrenewable energy sources like coal and natural gas plants. These retirements are happening at a pace that may not be matched by replacements from other sources, creating strain on the system. This strain is further intensified by increasing electricity demands from artificial intelligence infrastructure, bitcoin mining, and data centers.
OBRT expressed its commitment to collaborating with members, elected officials, and leaders to develop a sustainable energy model for future generations. However, they noted challenges such as the federal administration's decision to pause approvals for new liquefied natural gas export facilities. OBRT sees this decision as an obstacle in pursuing effective energy policies.
To assist those unfamiliar with these issues, OBRT has provided a summary outlining energy generation, transmission, and their long-term competitiveness initiative.
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