Naureen S Malik writes in Bloomberg about the woes of the power grid.
- With increasing demand and power plant shut downs, regulators are becoming worried about the state of the gird.
- Old and outdated infrastructure is playing a role in this, as the average age of large power transformers is 40 years.
- Inefficient permitting is also making the grid less reliable as developers are unable to build new transmission affordably or on time.
“Indeed, new transmission lines and renewable projects are facing growing opposition from people who don’t want them in their proverbial backyard. The International Energy Agency said in a 2023 report that the US was among the places with the strongest barriers to grid development ‘that relate to public acceptance of new projects.'”
Read the full article here.
The views and opinions expressed are those of the author’s and do not necessarily reflect the official policy or position of C3.
