GDP, jobs, climate goals all aided by federal support of transmission projects: report

摘要

Federal support of already planned transmission investment and policies to foster timely construction of grid expansions would have significant economic stimulus effects in the short term and aid achievement of longer term decarbonization goals, a new report released May 18 said. Demand for electricity is expected to see an uptick as the Biden administration's climate goals call for greater electrification of multiple sectors, requiring strategic transmission investment to both boost electrification efforts and tap remotely located renewable resources that are slated to account for a larger portion of the generation mix, power industry observers said. The new report, commissioned by the transmission advocacy group WIRES, found more than $83 billion of transmission investment has been approved or recommended for approval by grid operators and utilities across the country.