U.S. Looks to Grow Power Transmission System

U.S. Looks to Grow Power Transmission System

U.S. Looks to Grow Power Transmission System

September 30, 2022--Researched by Industrial Info Resources (Sugar Land, Texas)-- The U.S. electricity transmission system needs to grow by 2.3% per year to meet the emissions reduction potential of the Inflation Reduction Act (IRA), according to a recent research report. However, Britt Burt, Industrial Info's vice president of research for the Global Power Industry, believes that growth rate "sounds small in the grander scheme of things."

Industrial Info is tracking $51.4 billion worth of active electricity transmission projects in the U.S. with a medium or high (70-99%) probability of moving forward as planned, including $6.5 billion worth under construction.

Companies featured: Dominion Energy (NYSE:D), PacifiCorp, Berkshire Hathaway (NYSE:BRK.A)

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