ElectricPower&NaturalGasandOil&GasPracticesGridplanningunderuncertainty:InvestingfortheenergytransitionInthefaceofclimateandtransitionrisks,anupdatedplanningpara-digmcanhelpgridoperatorsmitigateevolvingchallengesandensuregridresilienceandaffordability.byAlfonsoEncinasFernandez,BlakeHoughton,AdamRubin,andAaronSchifrin©GettyImagesDecember2023Globally,theelectricitygridsthatpowertheparadigmsformeasuringandmanagingeconomyareundergoingrapidandprofoundperformance.change.IntheUnitedStates,policiessupportingdecarbonizationandincreasinglycost-competitiveItwillbeincrediblyinefficientanddifficulttorenewableresourcesaretransformingthemeettheseneedsindependently.Byadoptinggenerationstack,withnearly100gigawatts(GW)anintegratedsystemplanningapproach,utilitiesofwindandsolaraddedbetween2017and2022,candeliveralltheseoutcomessupportedbyarecord32GWofsolarlikelytobeaddedin2023probabilisticanalyticalmodelsandagranular,alone,andnearly2terawatts(TW)ofcapacityinthesegment-specificviewoffuturegridneeds.Theinterconnectionqueue.1Atthesametime,buildingrewardsofthisshiftcouldbesignificant:upto20andtransportelectrificationareaddingtodemandpercentcapitalefficiency,15–30percentreductionpressureonthesegridnetworks.inmajoreventoutages,andaclearerpathwaytoachievingdecarbonizationmilestonesandgoals.6Climaterisks,includingwildfiresandsevereThis...
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