The global electrical grid must span 152 million kilometers by 2050 in a net-zero emissions scenario, but getting there won't be easy for the US due to the patchwork nature of its current electrical system, asserts BloombergNEF.
Multiple barriers must be overcome to build the grid the US energy transition requires, and access to capital is one of the largest concerns. The Inflation Reduction Act and infrastructure law present a bright spot because they contain $29 billion in funding for grid efforts that could unlock $83 billion in additional investment.