22 Oct, 23

Grid Upgrades Estimated To Cost Over $2.5 Trillion By 2035

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Electricity grid capacity available in the world isn’t keeping pace with the rapid growth of “clean energy” technologies, possibly putting governments’ climate goals at risk, according to a recent report by the International Energy Agency (IEA). In order to achieve climate goals set by global governments, more than 80 million kilometers (49.7 million miles) of electric grids have to be added or refurbished by 2040, which is the “equivalent of the entire existing global grid,” according to the Oct. 17 IEA report. Even though “electrification…

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