The podcast discusses the challenges and opportunities in building long-distance transmission lines in North America. It explores the growth of renewable energy in Texas, the advantages of DC systems for transmission, and the challenges in energy generation planning. It also covers diverse efforts in renewable energy, collaboration between Alberta and BC, European interest in reducing dependence on Russian gas, and comparing North America and Europe's resource mix and transmission.
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Quick takeaways
The limited progress in building long-distance transmission lines across North America hampers the effective utilization of energy resources and results in a significant gap.
The fragmented grid ownership in North America highlights the need for stronger infrastructure to connect and tap into the full range of energy resources available.
Long-term transmission projects require patient capital from investors willing to take on risks and invest in the long-term success of transmission development.
Deep dives
The importance of interties and long-distance transmission lines
Long distance and inter-regional transmission lines can connect generation across North America, bringing low cost and low carbon electricity to users everywhere.
Challenges in building out interties in North America
Despite efforts by policymakers in the US and Canada, there has been limited progress in building out interties across North America, resulting in a significant gap.
The experience of transmission developer Michael Skellie
Michael Skellie, founder and CEO of Grid United, shares his experience in tackling big electricity challenges and developing wind farms in the US.
Fragmented grid ownership and the need for stronger infrastructure
The grid ownership in North America is highly fragmented, which hampers the tapping of the full range of energy resources available. There is a need for stronger infrastructure to connect and utilize these resources effectively.
The role of patient capital in transmission projects
Long-term transmission projects often require patient capital, which can come from Ultra High Net Worth individuals or other investors who are willing to take on the risks and invest in the long-term success of transmission development.
Long distance and interregional transmission lines promise to increase reliability, mitigate the impact of extreme weather events, and provide electricity consumers with access to low-cost resources. They are an important piece of the energy transition puzzle. But despite the well documented benefits of long-distance transmission, to date there has been limited progress in building out interties across North America.
What lessons can we draw from the early days of renewable development that are relevant to this new challenge? What is the current state of efforts to develop long distance transmission and interties in the US, and how does this compare to Canada’s approach? And what is the role of "patient capital” in financing these opportunities?
David, Sara, Ed, and Michael Skelly of Grid United discuss all things transmission on Season 5, Episode 3 of Energy vs Climate.