The biggest takeaways from our PJM and ERCOT spring outlook webinars

Wood Mackenzie | Source: Wood Mackenzie | Posted 03/29/2024

How these major US electricity grid operators are using new policies, planning and technologies to improve their services

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In the US, regional transmission organisations (RTOs) are facing challenges in managing an efficient and futureproof electricity grid. With the energy transition progressing and the retirement of fossil fuel power plants, new renewables projects need to be connected, and the grid must be upgraded. Our short-term analysts have presented outlook webinars for key RTOs like PJM and ERCOT, providing insights on generation additions, transmission congestion, and addressing interconnection backlogs.

In PJM, a focus is on adding renewable energy like solar to the generating stack, with upcoming projects including solar facilities like AEUG Union Solar in Ohio and Waverly Solar in Virginia. Additionally, ongoing transmission projects in PJM aim to enhance the network's capacity and reliability. In ERCOT, new projects consist mainly of energy storage facilities, and plans for significant increases in transmission projects are underway to strengthen the grid and accommodate the growth of renewable energy sources like wind and solar.

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Source Link: https://www.woodmac.com/news/opinion/the-biggest-takeaways-from-our-pjm-and-ercot-spring-outlook-webinars/

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The biggest takeaways from our PJM and ERCOT spring outlook webinars

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