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improve efficiency, reliability and reduce both
operating and capital costs. Digitalization of grid
infrastructure represents 36 percent or $4.7 trillion of
grid investment, which helps improve and extend the
utilization of the grid.
4)Electrification of transport, heating and
cooling lead to $2 trillion in global grid investment,
roughly 14 percent of all cumulative investment by
2050. Policy support could accelerate the pace of
electrification and the associated grid investment.
5) China is the single largest grid market in the
world between 2020 and 2050. Over the 30-year
outlook, one-fifth of global investment or $2.9 trillion
occurs in China. UHV transmission systems continue
to dominate, enabling the integration of high quality
and remote renewables.
6) Grid investment in the U.S. falls behind Europe
due to a comparatively slow uptake of renewables.
Annual investment more than doubles and surpasses
$100 billion by 2043. (Source: BNEF)
US Senate Confirms Clean Energy
Advocate Granholm to Head Energy
6 Department
The US Senate voted Feb. 25 to confirm Jennifer
Granholm as Secretary of Energy, making her only
the second woman to hold the position. As head of
the US Department of Energy, Granholm will play
a key role in the Biden administration's efforts to
decarbonize the power sector and achieve net-zero
emissions economywide. The Senate backed her
nomination by a vote of 64-35. The Edison Electric
Institute, which represents investor-owned utilities,
said it looked forward to working with Granholm
on a range of issues, including the clean energy
transition, transportation electrification and grid install nearly 121.9GW of cumulative new distributed
security. Granholm was a clean energy advocate energy generation and energy storage capacity
during her time as Michigan's governor in 2003- between 2021 and 2030. Factors driving telcos into
2011. She signed legislation requiring 10% of the deploying distributed energy generation and storage
state's energy to come from renewable resources by projects include high energy costs and the need to
2015 and set a goal to reduce Michigan's electricity reduce carbon footprints. More than 90% of telecom
generation from fossil fuels by 45% by 2020. She network operator costs are spent on energy, driving
also helped Michigan receive $1.35 billion in federal demand for energy-saving measures, according to
stimulus grants to build electric cars and the the report. (Source: Smart-energy)
batteries powering them. (Source: Spglobal)
Heat Pumps & Efficiency is Key to Texas’
Telcos to Install 122GW of Distributed Electricity Woes
Generation and Storage Capacity by 2030 The catastrophic infrastructure failures in Texas
According to a new report released by Guidehouse weren’t limited to power generation — the state’s
Insights, global telecom network providers will leaky and uninsulated buildings were a big
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