Cuba's Energy Crisis: A Cautionary Tale for Tech and Startups

Bizbooq

Bizbooq

October 23, 2024 · 1 min read
Cuba's Energy Crisis: A Cautionary Tale for Tech and Startups

Cuba is grappling with a nationwide blackout, sparked by the collapse of its electrical grid, which has left millions without power. The crisis is a culmination of decades of disinvestment, economic woes, and global factors affecting the country's oil supply. The situation highlights the fragility of Cuba's economy and its tenuous place in world politics.

The blackout has crippled daily life, with food spoiling, water scarcity, and hospitals running on generators. The government has restored power to some areas, including Havana, but the eastern provinces remain offline. The crisis has sparked protests, despite warnings from the government, and has raised concerns about the potential for further unrest.

For the tech and startup community, Cuba's energy crisis serves as a cautionary tale about the importance of investing in infrastructure, diversifying energy sources, and building resilience in the face of global uncertainty.

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