The International Renewable Energy Agency (IRENA) reports that utilities are accelerating investment in electricity grid infrastructure, delivering a record 21,000 kilometers of new power lines as annual investment in the energy transition reaches more than $156 billion. The expansion reflects growing demand for electricity and the need to modernize aging power networks to support renewable energy and electrification.
The investment is aimed at expanding transmission capacity, improving grid reliability, and connecting more renewable energy sources, including solar and wind, to electricity networks. Modernizing infrastructure is increasingly important as countries add renewable generation, battery storage, electric vehicles, and energy-intensive data centers.
Record grid construction and rising investment highlight the growing importance of electricity infrastructure in the global energy transition. Expanding and modernizing power networks will be essential to meeting rising electricity demand and integrating more renewable energy into the grid.
