In September last year, the European Union's electric utility industry association, Eurelectric, warned that the bloc needed what Reuters called "unprecedented" investments in grid upgrades. Otherwise, Eurelectric said, the EU could well miss its energy transition targets. A month later, the Biden administration announced a $3.5-billion grant pot for grid upgrade projects, including building new transmission lines to connect more wind and solar installations. The transition leaders are in a rush to bolster their grids. Because…
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