America's Electric Grid Has A $2 Trillion Problem
Getting America to reach the goals of zero-carbon electricity generation by 2035 and net-zero economy by 2050 with a surge in electric vehicle transportation and renewable power installations will require massive investments in outdated power transmission lines and building thousands of miles of new lines. The undertaking is huge, and it’s so huge not only because the price tag for making the U.S. grid capable of handling a net-zero economy is estimated at a couple of trillion dollars. Permitting, regulation and uncertainty…