The report examines the urgent upgrades required not only to physical infrastructure but also to the way grids are planned and managed – quantifying the costs of delayed action. And it provides key recommendations for policy makers, highlighting what is necessary in areas such as investment, regulation and planning.
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To fully reap the benefits of the upcoming capacity, optimise operating costs and increase regional power exchange, the state-owned electric company Saudi Electricity Company (SEC), through its wholly owned transmission subsidiary, National Grid S.A, continues to pursue opportunities to connect its grid with those of other countries in the region. Currently, it is working on cross-border interconnectors with Iraq, India, Jordan and Egypt.
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Findings from the report show that if these renewable projects could be brought online at the pace PJM was approving projects in the recent past (from 2011 to 2016), 34 gigawatts of new renewable power could reach commercial operation in the region over the next four years, enabling nearly 200,000 job-years and approximately $33 billion in capital investment.
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The Biden Administration has been working on advancing transmission buildout to deliver 100 per cent clean electricity by 2035 and reducing greenhouse gas emissions to 50-52 per cent below 2005 levels by 2030. To support these goals, huge dedicated federal funding allocations have been made for grid modernisation under the Bipartisan Infrastructure Law (BIL), enacted as the Infrastructure Investment and Jobs Act (IIJA) in November 2021.
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Drones and Robotics have quickly found their places in electricity sector. Their cost effectiveness and ease of use, are expanding their employability in the industry. Use of drones and robotics for power grid inspection brings several advantages such as higher safety and low risks to maintenance technicians, reduction in maintenance equipment downtime, enhanced accuracy in data collection of an asset’s condition, reduced staffing need and associated employment cost, and more accurate asset inventory management.
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Over the last few years, the Midcontinent Independent System Operator (MISO) developed a new plan for a set of lines (known
as Tranche 1) in its region that would enable around 56 gigawatts (GW) of new renewables. This plan was based on scenario modeling of state and utility emissions reduction goals that showed carbon emissions falling by more than 60% in 2040 from 2005 levels. The Tranche 1 portfolio was approved by the MISO Board of Directors on July 25, 2022.