Growing global power demand is the main factor driving the need for grid enhancements. Renewable energy developments continue at break-neck speed, with $644 billion to be spent on new capacity in 2024 ...

Back in 2020, BloombergNEF estimated the cost of a grid overhaul at $14 trillion over the thirty years between 2020 and 2050. In 2023, the cost to upgrade the grid has risen to $21 trillion. Upgrading ...