The Grid's Getting a Makeover
image credit: Photo 183561998 © Supoj Buranaprapapong | Dreamstime.com
- Apr 2, 2021 5:43 am GMTApr 2, 2021 5:01 am GMT
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The days of relying on large-scale power plants and long-distance transmission lines are numbered. “The grid is experiencing its biggest change in 100 years as it decarbonizes in front of our eyes,” said Uplight’s Adrian Tuck. The grid needs a makeover. The average age of an electricity plant in the U.S. is 35 years and most of today’s grid was built in the 50’s and 60’s with a life expectancy of 50 years. oilprice.com previously wrote that upgrading the US power grid would cost $7 trillion and take 20 years to complete. How about $100 billion over 15 years? Those are the specs from The American Jobs Plan released this week by President Biden. ‘The Plan’ would include at least 20 gigawatts of high-voltage capacity power lines covering thousands of miles and the retrofitting of two million homes and commercial buildings. The Plan will also establish a new Grid Deployment Authority at the Department of Energy, giving them more power to settle disputes over siting power lines.