Across the country, the electric grid connects 145 million households and businesses. But many parts of the nation’s #grid are over a century old and in dire need of upgrades. Last year, the United States experienced 18 separate natural disasters that resulted in millions of American families losing power. These outages hurt the economy – the Department of Energy estimates that power outages cost American businesses $150 billion annually. Additionally, increased transmission is necessary to enable more clean energy that will reduce home energy costs and cut emissions. Now more than ever, it is critical to invest in a clean, reliable electric grid – to ensure that communities don’t lose power when a major storm hits, to lower energy costs for hardworking families, and to achieve President Biden’s goal to deliver 100% clean electricity by 2035.
That’s why President Biden’s Investing in America agenda, a key pillar of Bidenomics, is delivering the largest electric #grid infrastructure investment in history – more than $30 billion from the Bipartisan Infrastructure Law and Inflation Reduction Act. Through this historic investment in America’s electric grid, the Biden-Harris Administration is catalyzing development of thousands of miles of new and upgraded transmission lines that will reduce electricity costs for hardworking families and small businesses, prevent power outages in the face of extreme weather made worse by the climate crisis, strengthen America’s energy security, create good-paying jobs, and drive innovation and deployment of renewable energy technologies.
As part of this unprecedented commitment, the Department of Energy today announced a new $1.3 billion commitment in three transmission lines crossing six states – Arizona, Nevada, New Hampshire, New Mexico, Utah, and Vermont – to deliver affordable, reliable power to households across the country, creating more than 13,000 direct and indirect high-quality local jobs – many of them union jobs. Additionally, to ensure that transmission buildout is done efficiently, the Department of Energy today released the final National Transmission Needs Study, which provides insight into where the grid – and American communities – would benefit from increased transmission, by assessing current and anticipated future capacity constraints and congestion on the Nation’s electric grid
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Chief Sales Officer at Hyundai Kefico
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