In August 2022 China’s Sichuan province suffered a major blackout which briefly affected various global supply chains, with all factories closing for a week. This was an unprecedented event, but there’s a clear risk that it will happen again. This year, the drought which caused last year’s blackout (along with post-pandemic demand surge and a heatwave) is expected to continue and worsen – and there will be another surge of economic activity, and another heatwave, for that matter. In March, record temperatures were observed across the country and in April authorities reiterated warnings about the risk of power cuts later in the year. Sichuan isn’t just an industrial powerhouse in its own right (more so than most of China), but…