Add to that last summer’s scorching heatwaves, which ignited an inflationary spiral as electric utilities everywhere sucked up supplies for natural gas-based generation to keep air-conditioners running full blast during peak summer demand.

Source: https://www.abqjournal.com/2566534/ex-a-15year-high-in-natural-gas-prices-and-war-in-ukraine-are-main.html

As a growing number of households struggle to find the money to keep their air-conditioners on, Grand Cayman’s power provider made almost $3 million more last year than it did in 2021.

Source: https://caymannewsservice.com/2023/02/cuc-profits-rack-up-as-usage-and-customers-grow/

Solar systems generate power when the sun is out, helping meet demand for electricity on hot days when air-conditioners are in widespread use in New York City.

Source: https://energycentral.com/c/cp/clean-energy-milestone-nyc-region-surpasses-500-mw-solar-capacity

The company, which has announced the launch of matter-enabled air-conditioners in India, ended FY23 with over ₹10,000 crore in terms of total revenues up 15 per cent compared to FY22.

Source: https://www.thehindubusinessline.com/companies/panasonic-india-ends-fy23-with-revenues-of-over-10000-cr-up-15/article67647422.ece