2 Stocks Building the Next Generation Energy Grid
The catastrophic power outage in Texas illustrated the dangers of an outdated or vulnerable grid. Natural gas transmission systems failed, wind turbines suffered productivity declines, and at one point around half of the state's power went offline.
The next-generation grid is a plan for an integrated system of reliable and clean power generation, transmission, and distribution. $100 billion of President Biden's $2 trillion infrastructure bill is earmarked for "reenergizing America's power infrastructure." Another $174 billion is allocated toward electric vehicle (EV) production, supply chain and factory updates, and charging stations.
Along with other funding proposals, the plan calls for 100% carbon-free electricity by 2035. NextEra Energy (NYSE: NEE) and ChargePoint (NYSE: CHPT) are two companies making it possible. Here's how.
Source Fool.com
