Keep pulling the thread on United States.
The U.S. electric grid has become the rate-limiting factor for economic growth.
The United States is entering a period of sustained electricity demand growth driven by data centers, advanced manufacturing, and the electrification of vehicles and home appliances.
Grid enhancing technologies (GETS) have the potential to unlock 20 to 100 gigawatts of additional capacity on the U.S. power grid.
Grid enhancing technologies (GETS) could reduce grid congestion by 40% or more, saving U.S. customers $4 billion to $8 billion annually.
Deploying an additional 60 gigawatts of virtual power plants (VPPs) in the U.S. could save consumers $20 billion by 2030.
Transmission congestion on the U.S. grid cost consumers an estimated $12.1 billion in 2024.
More than 2,000 gigawatts of new power plants are currently stuck in interconnection queues in the United States, nearly double the capacity of the existing power plant fleet.
If large electricity consumers agree to a 1% curtailment rate for their energy use, the U.S. could unlock 126 gigawatts of new grid capacity.
The North American Electric Reliability Corporation (NERC) determined in 2023 that adding 35 gigawatts of inter-regional transmission is prudent to increase grid reliability.
A shortage of grid capacity is the primary barrier to the cost-effective and swift deployment of AI in the United States.
Transmission costs in the PJM region now account for 32% of total wholesale electricity costs, up from 23% two years ago.
Recent increases in retail electricity rates are primarily driven by spending on transmission and distribution infrastructure and state policies, not just generation charges.