Solar storm-induced blackouts can cost $40 bn daily: Study
An international study has claimed that solar storm-induced electricity blackouts could cost over $40 billion or ₹2.7 lakh crore to the US economy on a daily basis, supplemented by an international supply chain loss of almost ₹48,000 crore ($7 billion). A solar storm is a large explosion in the sun's atmosphere and involves the sudden release of stored magnetic energy.