The U.S. power grid is one of the most complex and critical infrastructures in the world, delivering electricity to millions of homes and businesses across the country. Today, the U.S. power grid is facing unprecedented challenges and opportunities.

The demand for electricity is growing and will continue to grow, as electricity is used to power an increasingly data-dependent economy driven by the growth of data centers, electric vehicles, artificial intelligence, repatriation of manufacturing, plus greater electrification of buildings and transportation to meet net-zero goals.

In 2022, the Federal Energy Regulatory Commission’s annual planning report indicated that grid operators estimated 2.6% growth in U.S. electricity demand during the next five years. That number has since jumped to 4.7%, meaning peak demand is expected to increase by thirty-eight gigawatts between now and 2028.

At the same time, the grid must deal with the impacts of severe weather, year-round wildfire threats and cyberattacks. To meet these challenges and ensure reliable, affordable, and clean electricity for all, the grid needs to become more resilient, flexible, and efficient. Supporting innovative technologies that can enhance the grid’s performance and capacity is critical.