U.S. Power Grid Upgrades in Full Swing
Electrical transmission and distribution projects in the U.S. have been continuously growing, according to market analysts and Industrial Info's research and projects data platform. The electric grid will need an estimated $2 trillion in investments over the next 30 years to upgrade transmission lines, substations and associated infrastructure, and to ensure reliability and resilience. This presents substantial opportunities for private developers and transmission utilities to remake the grid to better regulate power currents, increase the flow of renewable energy to load centers, and improve the resiliency, security and delivery of the system into the future.
Industrial Info is tracking 1,199 transmission and distribution projects in the U.S. valued at more than $52 billion.
Southern California Edison (SCE) (Rosemead, California) has been upgrading transmission lines and substations in order to move power from solar and wind farms in the southwest California desert, and it is expected to spend more than $4.5 billion through 2020 on transmission system expansions, substation equipment and network upgrades to accommodate future load growth.
First Energy Corporation (NYSE:FE) (Akron, Ohio) announced it plans to spend millions to upgrade and modernize its transmission and distribution systems in Ohio, Pennsylvania, New Jersey, West Virginia, Maryland and New York in the coming years with advanced technologies that will reinforce the power grid and prevent or reduce the duration of customer outages. First Energy will upgrade and replace existing power lines, incorporate new smart technology and upgrade dozens of substations with new equipment and enhanced security measures. For more information, see March 27, 2017, article - Industrial Info Tracks more than $6.8 Billion in Power Transmission & Distribution Projects in the U.S. Northeast.
Duke Energy Corporation (NYSE:DUK) (Charlotte, North Carolina) announced this month that the company's Power/Forward Carolinas initiative would modernize the electric transmission grid in North Carolina over 10 years, with a capital cost of more than $13 billion. The upgrades would harden the grid against storms, make it more resilient against cyber-attacks, help expand renewable energy in the state and stimulate the economy with 14,000 new jobs.
The Tennessee Valley Authority (TVA) (Knoxville, Tennessee) is planning two new 161-kilovolt (kV) transmission lines in Mississippi with capital costs of about $6 million by 2021. These lines will increase service reliability and customers of Central Electric Power Association (CEPA) (Carthage, Mississippi).
National Grid (Westborough, Massachusetts) is proposing a new high-voltage, direct-current (HVDC) transmission project from Canada to the New England grid, called the Granite State Power Link, which will bring up to 1,200 megawatts from Norton, Vermont, to Monroe, New Hampshire. It is intended to lower regional electricity costs.
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