A multi-trillion-dollar energy marketplace is emerging
- Apr 17, 2019 6:14 pm GMT
The country’s electric grid was once called one of the greatest engineering achievements of the 20th century. Now, however, its three interconnected grids are decades old and the world has shifted. Billions of individual devices and population growth have increased demand exponentially. Technology advances with the potential to lower costs and ward off cyber dangers are critically needed. And, commitments to clean and renewable energy sources have become mandates. Big changes are inevitable.
Most of the systems in the U.S. were constructed in the 50s and 60s and they had a life expectancy of 50 years. Today, almost all operate at maximum capacity and they are all stretched to the limit. With population growth, spiraling demand, changes in power generation and mandates for the use of clean and renewable energy sources, change must come quickly.
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