That shift helps explain why Alphabet, Google’s parent company, has agreed to acquire American renewable energy company Intersect Power in a deal valued at roughly $4.75 billion. It’s a move that reflects a deeper change: technology companies are paying closer attention to the physical systems that support their growth.
Utilities from New York to Ontario use flywheel farms to stabilize the grid when wind and solar fluctuate. In space, satellites use flywheel “reaction wheels” to orient themselves without fuel. Even race cars like Porsche hybrids have used flywheels for rapid energy recovery and boost. This is proven tech, now scaling to the grid.
A new report published by Siemens predicts that the share of renewables in the Middle East energy mix will triple over the next 17 years. That’s the good news. The bad news is that natural gas will remain the dominant power source in the region.