Peter Wall

Peter Wall, Head of grids research at BloombergNEF, discusses the surge in global grid spending, which hit $480 billion, a 17% increase. He highlights that much of this funding is dedicated to replacing aging assets rather than expanding capacity. Wall examines the pressure on grids due to aging infrastructure, supply-chain issues, and the rising prominence of renewables that necessitate new grid locations. He also sheds light on the regulatory landscape shaping investment choices and how utilities are financing large-scale grid programs.