Infrastructure
to achieve NZ50 electrification in 29 more years a litany of renewable source technologies will be needed as well as new grid transmission, reliability and power conversion technologies. The focus of innovation is on matching “nondispatchable” or intermittent renewable sources, such as wind and solar to constant and peaking demand and the transmission of that energy over long distances. Industry is working on enabling technologies for transmitting alternating current, advanced inverters, new storage processes, and distributed energy resources.
New Infrastructure The Biden trillion dollar American jobs plan includes $85 billion for energy. The more recent plan proposed by the president and a group of 10 senators contains an investment of $73 billion for energy, including electrical grid infrastructure for expansion and reliability. A categorical comparison of the spending in both plans.
natural gas, could play a significant role in NZ50 by transporting green hydrogen. While it wasn’t included in his American Jobs Plan, President Biden on Earth Day endorsed this idea, which is already being planned in Europe. Pipeline companies can view this as an opportunity, such as Williams, which included the potential for hydrogen conversion in a recent regulatory application.
Existing Infrastructure
Investment & Commerce Public and Private
Existing pipeline infrastructure, particularly for
Innovation and technologies that create and change
66
