Europe's Energy Transition Destroyed its Economy

Europe's shift to wind and solar energy has reduced carbon emissions but at a significant cost. European electricity prices now lead the developed world, hindering industrial competitiveness. The high costs are partially a result of the destruction of reliable sources of energy in favor of unreliable renewable sources. Data centers and the AI industry are primarily staying in the US due to much higher European electricity costs and infrastructure limitations. European industries, like chemical companies, are closing or leaving due to high energy expenses. The intermittency of wind and solar leads to expensive power purchases during non-operational periods. A wave of "renewable waste" is a problem that must soon be addressed, adding to the costs. Unlike the US, which builds more of everything, Europe is replacing existing energy sources. The US is expanding its energy infrastructure, including advanced nuclear reactors, with government funding. The US is developing smaller, efficient nuclear reactors to support electricity grids and data centers. These US projects are expected to connect to the grid in the 2030s, contrasting with Europe's struggling energy transition.