$43 million power outage

If you are an economic developer and have not been paying much attention to the "old" utility service we call electricity, you may want to continue reading. A Samsung chip plant had a power outage that lasted only one day, but cost the company $43 million dollars in discarded product and lost revenue.

These days, I am in more and more communities that are beginning to look at redundancy not just in terms of data cables, but also in terms of electric service. Businesses are now keenly interested in business parks that offer dual electric feeds coming from different parts of the local electric grid. If power from one substation is lost for some reason, the power coming in from a different substation can keep businesses going.

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