- The US to invest the largest amount in history in its transmission grid
- To invest $73 billion in the transmission grid network
The United States (US) Infrastructure Bill has proposed an investment of $73 billion in the country’s transmission grid network. This amount is the single largest investment in transmission in the country’s history.
The $73 billion proposed in the Bill aims at modernising the nation’s electricity grid so that it can carry more renewable energy. In addition, energy analysts have said, the plans to modernise the grid will prepare the country for the transition to cleaner energy sources. The bill, however, does not have any provision mandating an immediate reduction in fossil fuel emissions.
”There’s a lot here that, no matter how you slice it, reflects a real fact on the ground, which is the United States is still 70-per cent-odd reliant on fossil fuels in its energy mix,” said Kevin Book, Managing-Director, Clearview Energy Partners.