This blog is the seventh in a series, “The ABCs of the AJP.”
Grid Modernization and Resiliency
Grid modernization and resiliency are critical and intertwined issues that only grow more important as climate change increases the frequency and severity of extreme weather events. As the Biden Administration notes in its American Jobs Plan fact sheet, recent power outages in Texas took a tremendous human and economic toll, and power outages generally cost the country $70 billion dollars a year in lost productivity. In light of that figure, the American Jobs Plan’s proposed $100 billion dollar investment in grid modernization may be too conservative. When factoring in health and environmental benefits, the return on investment for an improved grid looks to be extraordinarily robust.
Continue Reading Grid Modernization and Greenhouse Gases