The U.S. power transmission grid is facing significant challenges. That includes interconnecting large-scale remote renewable energy resources, connecting states and regional electricity markets to facilitate interregional sales, and improving grid resiliency—Reducing transmission costs paid by customers would be an added benefit of strategically located new transmission infrastructure.
Additionally, as noted by the U.S. Congress and President Joe Biden, ambitious federal and state government decarbonization goals require upgrades in existing and the building of new transmission infrastructure if said goals are to be met. This has led to a surge of interest by developers and distribution utilities, and private equity flowing into the transmission sector.
