The Grid Needs A $20 Trillion Upgrade To Support Energy Transition ...Middle East

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The Grid Needs A $20 Trillion Upgrade To Support Energy Transition
source : OILPRICE ( Middle East ) () 48
For the energy transition to happen, the world needs massive grid overhauls. This message has been overlooked for years as wind and solar stole the limelight, but now it’s back on the agenda. Because no transition from baseload, dispatchable power generation to distributed, intermittent generation is possible without a massive grid overhaul. Back in 2020, BloombergNEF estimated the cost of that overhaul at $14 trillion over the thirty years between 2020 and 2050. That’s how much it would cost to build the millions of miles…

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