- Jul 7, 2021 10:49 am GMT
$50 billion at least is the cost of modernizing the US grid, according to Gridwise, an independent consortium, representing utilities with $4 trillion of market capital and employing 1.6 million US workers. The money, which the group asked for from Congress, will fund deployment of technologies to enhance grid flexibility; integrate smart buildings and electric vehicles; enhance grid cybersecurity; and strengthen the grid’s resilience. American Electric Power, Exelon, and Con Edison are among the group’s supporters.
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