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Insights

August 9, 2023 Sprott Energy Transition Materials Monthly

Growing Urgency to Modernize U.S. Power Grid

By Paul Wong and Jacob White

Given increased electricity demand and the risks posed by climate change, the U.S. power grid desperately needs modernization. There is an immediate need to expand the grid’s capacity, increase its resilience and support its most vulnerable components – the transmission and distribution lines. This is driving the development of energy storage systems and V2G (vehicle-to-grid) technology and is a major copper demand driver. 

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